RattanIndia Enterprises’ stock surged by 3.45% to ₹82.76 on the NSE at 9:29 AM, following news of its subsidiary Revolt Motors’ expansion into the international market. Revolt Motors, a leading player in India’s electric motorcycle segment, has partnered with Evolution Auto Pvt Ltd to launch operations in Sri Lanka, marking its first foray outside India.
Revolt Motors will initially begin operations in Colombo, with plans to expand its reach across the country. The company aims to open 15 dealerships in the next four months, with a total of 90 planned by 2029. Revolt will bring its AI-enabled electric motorcycles to the Sri Lankan market, catering to daily commuters and performance riders alike.
The announcement reflects Revolt Motors’ ambition to contribute to the global shift toward sustainable mobility, a sentiment echoed by Ms. Anjali Rattan, Chairperson of RattanIndia Enterprises. The stock’s upward movement shows investor optimism surrounding the company’s international expansion and the growing demand for electric vehicles in the region.
