EV-Bike Manufacturer Expands Global Footprint with Entry into Nepal
The stock fell 33 per cent in the last 1 year and in 3 years the stock is down by 15 per cent, with a price-earnings (PE) ratio of 15.
Revolt Motors, a subsidiary of RattanIndia Enterprises Limited, is making a significant move by entering the Nepalese market, marking its second international expansion following a successful launch in Sri Lanka. The company has partnered with MV Dugar Group, a well-established name in Nepal's automotive industry, to open its first Revolt Hub in Kathmandu in April 2025. This expansion is part of Revolt's strategic plan to accelerate the adoption of sustainable mobility solutions in South Asia. The Kathmandu hub will showcase Revolt's full product lineup, including the RV400, RV400 BRZ, RV1, RV1+, and the high-performance RV BlazeX, along with official accessories and branded merchandise.
Revolt plans to establish a robust after-sales service network across Nepal, ensuring a seamless ownership experience for customers. The company aims to open fifteen showrooms in major cities over the next few months, making electric mobility solutions more accessible. Anjali Rattan, Chairperson of RattanIndia Enterprises, emphasized Nepal's strategic importance due to its strong push for clean energy and the growing demand for sustainable transportation. This expansion aligns with Revolt's vision to drive electric mobility across international markets, with plans to enter Southeast Asia, the Middle East, and Africa.
Today, the stock price of RattanIndia Enterprises Limited gained 4.07 per cent to Rs 43.73 per share. The stock has a 52-week high of Rs 92.10 per share and a 52-week low of Rs 38.28 per share.
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RattanIndia Enterprises Limited is a prominent player in new-age technology-driven sectors, including electric vehicles, e-commerce, fintech, and drones. The company has made significant strides in the electric vehicle segment through its subsidiary, Revolt Motors, which has achieved full localization and expanded its presence across India. In e-commerce, its subsidiary Cocoblu Retail collaborates with numerous brands, leveraging Amazon's fulfilment network. The fintech arm, Neotec Enterprises, offers a comprehensive range of digital lending services and has recently ventured into insurance broking. The company's drone division, NeoSky, is focused on providing innovative drone solutions and has launched new products in collaboration with Throttle Aerospace. RattanIndia's strategic focus on innovation and technology positions it as a key player in transforming various industries.
RattanIndia Enterprises Limited has a market capitalization of over Rs 6,000 crore. The stock fell 33 per cent in the last 1 year and in 3 years the stock is down by 15 per cent, with a price-earnings (PE) ratio of 15.
Disclaimer: The article is for informational purposes only and not investment advice.