Introduction:
India’s electric motorcycle market has witnessed remarkable growth with a leading player achieving a 197% year-on-year sales surge in November 2024. Affordable, commuter-friendly models and nationwide expansion have driven this success, defying industry-wide sales declines.
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Share price movement of RattanIndia Enterprises:
On December 4, 2024, RattanIndia Enterprises Ltd opened at ₹70.47, up 2.89% from its previous close of ₹68.49. The stock hit a high of ₹74.27 (6.88%) and a low of ₹70.47. By 9:43 AM, it traded at ₹73.20, with a market cap of ₹10,118.21 crore.
Revolt Motors Reports 197% YoY Growth:
Revolt Motors, a wholly owned subsidiary of RattanIndia Enterprises Ltd, has reported a stellar 197% year-on-year (YoY) growth in Nov 2024, selling 1,994 units compared to 671 units in Nov 2023. This marks a 109% month-on-month (MoM) increase from October’s 952 units.
Revolt Motors’ growth stands out amid an 18-20% industry sales decline, driven by the RV1 and RV1+, affordable electric motorcycles designed for Indian commuters, gaining strong pre-orders due to their advanced features and cost-effectiveness.
Revolt’s nationwide expansion underpins its growth, with 154 operational dealerships and 14 more set to open by December 2024. This extended reach aims to cater to urban and semi-urban markets, strengthening its footprint and accessibility across India.
Recent news on RattanIndia Enterprises:
As of November 28, 2024, RattanIndia Enterprises Ltd’s subsidiary Revolt Motors entered the Sri Lankan market, launching flagship electric motorcycles RV400 and RV400 BRZ, with its first dealership in Colombo and plans for 11 more locations.
Stock performance of RattanIndia Enterprises for Period of 1 week, 6 months and 1 year:
RattanIndia Enterprises delivered a 7.09% return over the past week, showcasing short-term gains. However, its performance over six months and one year reflects challenges, with returns declining by -10.4% and -12.3%, respectively.
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Shareholding pattern of RattanIndia Enterprises:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 74.90% | 74.90% | 74.90% |
| FII | 4.80% | 8.40% | 8.30% |
| DII | 0.10% | 0.10% | 0.10% |
| Public | 20.10% | 16.60% | 16.70% |
| Others | 0.10% | 0% | 0.10% |
About RattanIndia Enterprises:
RattanIndia Enterprises Limited (NSE Symbol: RTNINDIA) is the flagship company of the RattanIndia Group, focusing on tech-driven businesses, including e-commerce, electric vehicles, and drones, aligning with new-age innovation and sustainable solutions.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
