The country’s leading electric two-wheeler manufacturer Revolt Motors is currently selling two of its bikes in the domestic market. Including the entry level RV300 and RV400. Now the company is going to introduce a new electric model RV1, which will replace the existing RV300. The new RV1 electric motorcycle will cost less than the company’s current model and is likely to start production from January next year.
The highlight of the Revolt RV1 will be that it will be completely locally-built, and will be manufactured at the company’s plant in Manesar, Haryana. Being made-in-India, the price of this bike is expected to be minimal. Though the company has been importing parts from China to manufacture its products, it is now trying to focus entirely on Indian supplies.
According to the statement given by the company, the existing RV300 model will be discontinued and will be replaced by the lower priced RV1 model. Although the company has not shared any information about when this bike will be launched in the market. Recently, the company started the booking of RV400, which had to be closed after a few minutes due to heavy demand.
Quoting a McKinsey report, the company said that the Indian electric two-wheeler market is expected to become a market of Rs 50,000 crore by 2025 with annual sales of 5 million units. Apart from this, the government’s support and FAME II promotion policies have also given a big boost to the electric vehicle market. Due to these policies and just 5 percent GST, the price of electric vehicles has come down to a minimum, which is the main reason for the increase in its sales. On the other hand, 28 percent GST is applicable on two wheelers running on petrol.
However, no information has been received about the technology, features, driving range etc. of this upcoming bike of Revolt. For that we will have to wait a bit. The company announced on Sunday that Domino’s Pizza is acquiring the entire stock of the company’s entry-level model RV 300 electric bike. So that it can replace the existing petrol models in its fleet with electric bikes.