Export of electric bikes from India has lot of potential: Gadkari

19 Sep 2024 CW Team

Union Minister Nitin Gadkari stated that exports of electric two-wheelers from India hold significant potential, particularly in markets where Indian manufacturers are already selling conventional engine counterparts. Speaking at the launch of Revolt Motors' electric commuter motorcycle, he noted that 50% of motorcycles produced in India are exported and highlighted the substantial presence of major players like Bajaj Auto, Hero MotoCorp, and TVS in international markets.

The minister encouraged Revolt Motors to explore export opportunities in neighbouring countries, as well as in Africa and Latin America. Anjali Rattan, Co-Founder and Chairperson of Rattan India Enterprises, the promoter firm of Revolt Motors, confirmed that the company has solidified plans to begin exports to Sri Lanka.

Additionally, she mentioned that Revolt Motors is looking into export opportunities in Nepal, Africa, and Latin America. The company launched its commuter bike, the RV1, with introductory prices of Rs 84,990 and Rs 99,990 for two variants, featuring battery options of 2.2 kWh with a 100 km range and 3.24 kWh with a 160 km range, respectively.

In a subsequent interaction, Rattan shared that Revolt Motors aims to introduce one new product each year over the next five years. She also indicated that the company is expanding its sales network to 500 outlets within the next 12 to 18 months, up from the current 125. Furthermore, Rattan projected that the dealership count would rise to 250 outlets by the end of the fiscal year.

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