This multibagger small-cap EV manufacturing company announces grand opening of 11 dealerships across India in a single day!
The company aims to capitalise on the growing demand for electric motorcycles in India by offering high-quality, performance driven and affordable options to customers.
Rattan India Enterprises Limited, serves as the growth vehicle for RattanIndia Group's innovative businesses that aim to drive progress in the modern era. The company is dedicated to ventures that employ advanced technologies capable of revolutionising the lives of over a billion Indians. Its primary focus lies in electric mobility (Revolt Motors), drones (Neosky), ecommerce (Cocoblu Retail), fashion brands (Neobrands) and fintech (Wefin).
RattanIndia’s Revolt Motors, the largest electric motorcycle company in India, is opening 11 new dealerships across the country, marking a significant milestone for the company and electric mobility in India. The grand opening event is scheduled for May 31, 2023, showcasing Revolt Motors' commitment to expanding its presence and providing sustainable transportation solutions nationwide.
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The new dealerships will be strategically located in major cities and regions, demonstrating Revolt Motors' dedication to reaching customers across the nation. The company aims to capitalize on the growing demand for electric motorcycles in India by offering high-quality, performance driven and affordable options to customers.
RattanIndia Enterprise’s revenue grew significantly in FY23 by 597.85 per cent to Rs 4,138.2 crore as compared to FY22 and had a net loss of Rs 285.81 crore.
On Wednesday, the shares of RattanIndia Enterprises surged by 1.07 per cent and made an intraday high of Rs 38.20.
The company gave excellent returns of 1,800 per cent for the past 3 years and marvellous returns of 755 per cent for the past 5 years.
Investors should keep a close eye on this multibagger small-cap stock.