RattanIndia's Revolt Motors closes new bookings in less than 2 hours; Stock ends 4% up

Revolters across the cities have clocked over 2,00,00,000 kilometres so far.

Jun 18, 2021 05:06 IST India Infoline News Service

RattanIndia Enterprises on Friday announced that Revolt, India’s next gen-mobility company got an electrifying response on the reopening of bookings of RV400 earlier today. The demand for their flagship model went over the roof, leading to Revolt shutting down their bookings in less than 2 hours of them going live on their website. The brand sold Rs50cr worth of their flagship model RV400 in today’s flash sale.

According to the regulatory filing, there has always been a huge demand for RV400, and today’s response from buyers from the six operational cities including Delhi, Mumbai, Pune, Chennai, Ahmedabad and Hyderabad, who had been waiting eagerly to book their Revolt motorcycle was no different. The deliveries of the booked motorcycles will start from September 2021. In addition to this, seeing the demand for its product in the Indian market, the company will also reopen the bookings of the RV400 soon. All interested users who missed booking their RV400 this time can register for the upcoming bookings by clicking on the “Notify Me” button on Revolt’s
website.

Further, RattanIndia stated that with a reduction in the price of the electric motorcycle after the FAME II incentive revision and the Delhi government incentive on electric vehicles, the bike is currently priced at less than INR 1 lakh in the national capital. Revolt motorcycles have been an instant hit with the customers.

Revolters across the cities have clocked over 2,00,00,000 kilometres so far. Revolt is also looking to expand the distributor and service network across 35 cities in India.

On Sensex, RattanIndia closed at Rs30.20 per piece up by 4.2%. 

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