RattanIndia Enterprises Limited — Updates, 04-12-2024: Press Release

Revolt Motors has showcased exceptional performance with a 197% year-on-year growth in electric motorcycle sales, achieving 1,994 units sold in November 2024. This surge contrasts with an industry trend of 18-20% sales decline for electric two-wheelers during the same timeframe. The successful results are attributed to the launch of the new RV1 and RV1+ models, which are designed to cater to the Indian market's needs for affordability and practicality. Revolt’s customer base continues to expand, bolstered by a growing network of 154 dealerships, with plans to add 14 more by the end of December 2024.

Additionally, Revolt Motors has made its international debut in Sri Lanka, receiving strong pre-orders within the first week. The company aims to further its global footprint in 2025, positioning itself as a leader in the electric mobility sector. Overall, this impressive growth offers a positive outlook for Revolt as it capitalizes on rising demand and expands its market presence both locally and internationally.