Export of electric bikes from India has lot of potential: Gadkari
ECONOMY & POLICY

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

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.

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.

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?