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
Equipment

Better Concrete Handling

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select WellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Dharavi Rising!

Dharavi, Asia’s largest informal settlement, stands on the cusp of a historic transformation. With an ambitious urban renewal project finally taking shape, millions of residents are looking ahead with hope. But delivering a project of this scale brings immense challenges – from land acquisition to rehabilitate ineligible residents outside Dharavi and rehabilitation to infrastructure development. It also requires balancing commercial goals with deep-rooted social impact. At the helm is SVR Srinivas, IAS, CEO & Officer on Special Duty, Dharavi Redevelopment Project (DRP), Government..

Next Story
Infrastructure Urban

Patel Engineering Secures Two Projects Worth Rs 20.37 Billion

Patel Engineering Ltd has secured two important infrastructure projects valued at Rs 20.37 billion. The company received an order from the City and Industrial Development Corporation of Maharashtra Ltd (CIDCO) for dam construction and associated works in Maharashtra. The project will be executed over a period of 42 months. Another project, awarded by the North Eastern Electric Power Corporation Ltd (NEEPCO), involves the development of a 240 MW hydropower project in Arunachal Pradesh. The project scope includes civil construction, testing, commissioning, and installation of hydro-mechanical e..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?