Revolt Motors has reported an impressive 197% year-on-year growth in vehicle sales and 109% month-on-month (MoM) increase with 1,994 units sold in November 2024, compared to 671 units in November 2023 and 952 units in October 2024. This performance comes amidst a market environment, where the electric two-wheeler (E2W) industry witnessed an average sales decline of 18-20% during the same period, as per Govt. of India`s Vahan Portal data. This surge in sales is largely attributed to the launch of the all-new RV1 and RV1+, affordable and commuter-friendly electric motorcycles tailored for the Indian market. The bikes have received overwhelming consumer interest, with robust pre-orders translating into strong sales figures. These models combine cutting-edge technology with affordability, offering riders a reliable and sustainable alternative to traditional ICE-powered vehicles.Powered by Capital Market - Live News

Revolt Motors made its debut in Sri Lanka with the launch of its flagship models, the RV400 and RV400 BRZ. With the first dealership already operational at Maradana Road, Colombo, Revolt Motors plans to establish a robust presence across the country by opening additional dealerships in 11 strategic locations, including Kurunegala, Madurankuliya, Matara, Embilipitiya, Elpitiya, Batticaloa, Kirindiwela, Horana, Kelaniya, and Tangalle. Powered by Capital Market - Live News

Revolt Motors announced the latest expansion of its dealership network across India. With a network now spanning 153 dealerships and 14 more planned for November in cities such as Hubli (Karnataka), Muzaffarpur (Bihar), Katihar (Bihar), Maheshkhunt (Bihar), Khagaria (Bihar), Nawanshahr (Punjab), Kannauj (UP), Satara (Maharaashtra), Sattur (Tamil Nadu), Mayiladuthurai (Tamil Nadu), Bhilwara (Rajasthan), Warangal (Telangana), Balasore (Odhisa), and Bulandshahr (Uttar Pradesh).Powered by Capital Market - Live News

Net loss of RattanIndia Enterprises reported to Rs 241.27 crore in the quarter ended September 2024 as against net profit of Rs 140.89 crore during the previous quarter ended September 2023. Sales rose 11.52% to Rs 1800.62 crore in the quarter ended September 2024 as against Rs 1614.66 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1800.621614.66 12 OPM %-13.1613.74 - PBDT-266.49196.59 PL PBT-270.25192.24 PL NP-241.27140.89 PL Powered by Capital Market - Live News

RattanIndia Entrps. will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live News