Revolt Motors, the electric bike manufacturer, is embarking on an ambitious growth journey that includes bolstering its sales infrastructure, introducing new products, and venturing into international markets. The company, now under the ownership of RattanIndia Enterprises, has big plans to expand its presence in the electric vehicle (EV) sector.
Anjali Rattan, Business Chairperson of RattanIndia Enterprises, shared insights in an interview with PTI. She expressed the company’s commitment to ensuring that the electric revolution reaches every corner of India. When RattanIndia Enterprises acquired Revolt, the latter had only 25 dealerships. Now, the goal is to increase that number to nearly 500 within a year, and in the next two to three years, it might even exceed 1,000 dealerships across India.
Rattan emphasized that the timing is opportune for expanding operations, particularly in the electric motorcycle segment, where there is relatively less competition compared to electric scooters. She stressed the importance of penetrating all cities in India to further the growth of electric mobility.
Currently, Revolt Motors offers a single electric bike model, the RV 400. While there is potential for introducing electric scooters, the company intends to consolidate its position in the electric bike segment before diversifying.
Rattan also hinted at a broader product range, with the R&D team working on innovative products tailored to the unique preferences of EV customers. However, specific details regarding the investments required for this expansion were not disclosed.
Regarding international expansion, Rattan revealed that there is interest from countries like Mexico, Bangladesh, and Nepal. The process is underway, but it will take time to adapt products for different regions, including design modifications and other considerations.
In recent news, Revolt Motors introduced a special edition bike, the RV400 India Blue, to commemorate the 2023 Cricket World Cup.
RattanIndia Enterprises, the parent company of Revolt Motors, operates in various industries, including e-commerce, fintech, and drones, underscoring its diversified business portfolio.