RattanIndia backed Revolt Motors opens first retail outlet in Madurai, Tamil Nadu

RattanIndia backed Revolt Motors opens first retail outlet in Madurai, Tamil Nadu

by 5paisa Research Team Last Updated: Dec 06, 2021, 03:55 PM IST

They are opening a new store in Madurai to expand their presence in South India as the new model RV400 released last week got a huge response from the market.

Revolt Motors, India’s next gen-mobility announced the further expansion of its retail presence in Southern India with the opening of its new store in Madurai, Tamil Nadu. This is the company’s first store in the city and it will be the 17th retail store across the country.

Various Incentives from Tamil Nadu Government:

1. The Tamil Nadu government is offering state incentives to EV OEMs ranging from full reimbursement of state GST paid on vehicle sales.

2. Exemptions from electricity tax for manufacturing units.

3.15-20% subsidy on land cost.

4. There’s also full exemption from motor vehicle taxes for BEVs until 2022, as well as the creation of EV parks in major auto manufacturing hubs and locations.

5. Tamil Nadu offers some of the best bike routes in the country and customers can now treat themselves to the hill ranges and seaside sceneries on their very own Revolt motorcycle.

RattanIndia backed Revolt Motors look forward to sufficing the increased demand of bikes coming its way from the buyers in this state. To fulfil the consumer demand, the company has plans to expand its sales network and strengthen its retail presence further by entering 50+ new cities in India including Chandigarh, Lucknow and NCR by early 2022.

Revolt Motors has witnessed a phenomenal response from buyers for its flagship RV400 which was sold out within minutes of going on sale every time.

Flagship sale: The RV400 comes with a 3KW (Mid Drive) motor, powered by a 72V, 3.24KWh Lithium-lon battery that can churn out a top speed of 85km/h. The bike can be operated through the MyRevolt App, which offers connectivity features such as bike locator/Geo-fencing, customised sounds that you can change with just a tap on the screen, complete bike diagnostics, battery status, historical data on your rides and KMs done, and also the option of locating the nearest Revolt Switch Station to swap your Revolt’s battery at, and be on-the-move in less than 60 seconds.

RV400 features three riding modes - Eco, Normal and Sport — each suiting to the riding style and needs of the driver. Also, comes with Upside Down (USD) forks up-front and a fully-adjustable mono-shock at the rear to give an unparalleled riding experience.

Share of the company were closed at Rs 43.0, 2.27% down for the day.

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54,326.39
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