RattanIndia backed Revolt Motors announces the 3rd retail outlet for electric bikes in Tamil Nadu

RattanIndia backed Revolt Motors, India's next gen-mobility expanding its retail presence in Southern India with the opening of their new store in Coimbatore, Tamil Nadu. Tamil Nadu is one of the biggest two wheeler market in the country and this is the company's 3rd store in the state and 18th retail outlet in the country. Revolt Motors had recently opened its retail store in Madurai apart from existing store in Chennai. The Tamil Nadu government is offering a state incentive to EV OEMs ranging from full reimbursement of state GST paid on vehicle sales and full exemption from motor vehicle taxes for electric vehicles.

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.

Shares of RattanIndia Enterprises Limited was last trading in BSE at Rs. 47.05 as compared to the previous close of Rs. 42.80. The total number of shares traded during the day was 566881 in over 2205 trades.

The stock hit an intraday high of Rs. 47.05 and intraday low of 42.70. The net turnover during the day was Rs. 25517826.00.

Source : Equity Bulls

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RattanIndiaEnterprisesLimited INE834M01019 RTNINDIA RevoltMotors Coimbatore ElectricBike Dealership RetailOutlet