Sensex Today Live: RattanIndia Enterprises-owned Revolt Motors cuts prices of its RV400 and RV400 BRZ models; shares gain
Revolt Motors, a subsidiary of RattanIndia Enterprises, has announced a significant reduction in the prices of its popular electric bikes, the RV400 and RV400 BRZ models. The company stated that the RV400 will now start at an ex-showroom price of ₹1,49,950, while the RV400 BRZ will be priced at ₹1,42,950.
In addition to the price cut, Revolt Motors is also offering a flat ₹10,000 discount on both models. Customers can also take advantage of a special exchange program, where they can get an extra ₹5,000 off when they trade in their old bikes for a brand-new Revolt electric bike.
This move by Revolt Motors has garnered positive attention from investors, with shares of RattanIndia Enterprises witnessing a gain in the stock market. The reduction in prices and additional discounts are expected to attract more customers to the electric bike segment, further boosting the company’s sales and market presence.
The electric vehicle industry in India is rapidly growing, and with initiatives like these, companies like Revolt Motors are poised to make a significant impact in the market. Investors and industry experts are closely watching the developments in the electric vehicle sector, as it continues to evolve and expand in the country.
