Revolt Motors Expands Operations to Nepal, Aims for Sustainable Growth

Revolt Motors is expanding into Nepal, planning to export its electric motorcycles and establish a strong market presence. The company aims to enter several other markets in the next financial year, focusing on sustainable transportation. An annual sales target of 500 units in Nepal will support its growth strategy, with existing production capabilities currently deemed sufficient for operations.

Revolt Motors has announced its entry into the Nepalese market, following its expansion into Sri Lanka last year. The company intends to export its electric motorcycles and has plans to target three additional markets across Africa, Southeast Asia, and West Asia during the next financial year. According to Anjali Rattan, Chairperson of RattanIndia Enterprises, Revolt Motors aims to eventually enter the Mexican market and establish assembly plants in regions including Africa and Mexico.

In 2024, Nepal is expected to achieve motorcycle sales of approximately 170,000 units, with current electric vehicle penetration at less than 4%. Notably, scooters constitute about 37% of total motorcycle sales, with Indian original equipment manufacturers (OEMs) holding nearly 45% of the market share. Rattan emphasized the preference for Indian-made products in Nepal.

Revolt Motors plans to export a complete lineup of motorcycles, including the RV400, RV400 BRZ, RV1, RV1+, and RV BlazeX. The launch will be supported by an extensive after-sales service network. The company has established a partnership with the MV Dugar Group and is set to inaugurate its flagship Revolt Hub in Kathmandu by April, with intentions to open 15 additional showrooms in major cities over the next few months.

Rattan highlighted Nepal’s strategic significance due to its commitment to clean energy and increasing demand for sustainable transportation. The country’s distinctive geography makes motorcycles a preferred form of transport, providing a unique opportunity for Revolt’s electric motorcycles. The company is targeting an annual sales volume of 500 units in Nepal, with initial shipments commencing this week.

Addressing inquiries regarding dedicated manufacturing facilities for exports, Rattan stated that the existing plant in Manesar (Haryana) currently has a production capacity of approximately 180,000 units annually, which is sufficient for current operations as it manufactures about 35,000 units per year. In February, Revolt reported sales of 760 motorcycles domestically, marking a 58% increase from last year’s sales of 480 units. Looking forward, the company is also exploring the possibility of establishing new facilities in Tamil Nadu or Karnataka within the next 18 months.

Other manufacturers, including Ather, Hero MotoCorp, TVS Motor, and Ultraviolet, are also exporting electric two-wheelers to neighboring countries, positioning themselves competitively in the burgeoning market.

Revolt Motors is strategically entering the Nepalese market by introducing its range of electric motorcycles and plans to expand further into Africa, Southeast Asia, and West Asia. With robust sales projections and a strong focus on clean energy, the company aims to establish itself as a leader in sustainable transportation. The current infrastructure and manufacturing capabilities will support initial growth, while future expansions are being contemplated for additional production facilities.

Original Source: www.thehindubusinessline.com