RattanIndia Enterprises rises as its Revolt Motors enters into Sri Lankan market

RattanIndia Enterprises is currently trading at Rs. 81.09, up by 1.08 points or 1.35% from its previous closing of Rs. 80.01 on the BSE.

The scrip opened at Rs. 81.23 and has touched a high and low of Rs. 83.90 and Rs. 80.57 respectively. So far 632164 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 94.85 on 08-Feb-2024 and a 52 week low of Rs. 48.45 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 83.90 and Rs. 76.81 respectively. The current market cap of the company is Rs. 11208.82 crore.

The promoters holding in the company stood at 74.86%, while Institutions and Non-Institutions held 8.49% and 16.66% respectively.

RattanIndia Enterprises' Revolt Motors has entered into the Sri Lankan market. In partnership with Evolution Auto, a leading player in Sri Lanka’s automotive industry, Revolt Motors is set to revolutionize the country’s mobility landscape by offering advanced and performance-driven electric motorcycles designed to cater to diverse rider needs.

Following an overwhelmingly positive response at the Colombo EV Expo, Revolt Motors has received a warm welcome from Sri Lanka’s growing community of electric vehicle enthusiasts. The partnership with Evolution Auto marks the beginning of Revolt’s expansion across Sri Lanka, starting with Colombo. Over time, Revolt Motors plans to extend its presence to key regions across the country, offering Sri Lankans access to sustainable mobility solutions.

As part of its ambitious long-term strategy, Revolt Motors plans to establish a robust network of dealerships across Sri Lanka. By 2029, the company aims to open 90 dealerships nationwide, ensuring easy access to its electric motorcycles and top-tier after-sales service for all customers. The first phase of this expansion will see the opening of 15 dealerships within the next four months, reflecting the rising demand for electric mobility solutions. The Sri Lankan customers will receive the same high standards of quality and service that have made Revolt Motors a trusted name in India. The company’s commitment to customer satisfaction is reflected in its integrated 3S service model, ensuring that all necessary support is provided under one roof.  

RattanIndia Enterprises focuses on innovative technologies that have the potential to transform the lives of over a billion Indians. Key businesses include electric mobility (Revolt Motors), e-commerce (Cocoblu Retail), fashion brands (Neobrands), fintech (WeFin), and drones (Neosky).