Rattanindia Enterprises’ stock surged 4% following the official entry of its subsidiary, Revolt Motors, into the Sri Lankan market. The company unveiled its flagship electric bike models, the RV400 and RV400 BRZ, at an exclusive launch event held at Water’s Edge. This marks a significant milestone in Sri Lanka’s journey toward eco-friendly transportation solutions.
The launch of Revolt Motors in Sri Lanka signals the country’s shift towards sustainable and innovative transportation. With its first dealership set up on Maradana Road in Colombo, the company plans a rapid expansion, targeting 11 key locations across the island, including Kurunegala, Matara, and Batticaloa. This expansion aligns with the growing demand for eco-conscious vehicles in Sri Lanka, positioning Revolt Motors as a leader in the electric mobility market.
Rattanindia Enterprises’ stock performance reflects investors’ optimism about the company’s future growth. With the electric vehicle market gaining momentum globally, Revolt Motors’ entry into Sri Lanka opens up new opportunities for both market penetration and brand recognition in the region.
Stock Today:
- Open: ₹64.65
- High: ₹67.48
- Low: ₹64.29
- 52-Week High: ₹94.85
- 52-Week Low: ₹59.20
As of 9:49 am, Rattanindia Enterprises shares were trading 3.74% higher at Rs 66.31 on the NSE.
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