RattanIndia Enterprises’ Revolt Motors Introduces Zero Down Payment for RV400

On July 10, 2024, RattanIndia Enterprises Limited announced via a stock exchange filing that its electric mobility company, Revolt Motors, is revolutionising the two-wheeler industry with the introduction of the 4 Chauke Offer.

This innovative initiative aims to make owning the popular RV400 electric motorcycle more accessible and economical than ever before. Under this scheme, customers can avail of the RV400 with zero down payment and a remarkably affordable monthly instalment of ₹4,444 through a seamless, paperless digital process.

The 4 Chauke Offer is designed to significantly reduce ownership costs compared to traditional internal combustion engine (ICE) bikes, considering monthly expenses like petrol and maintenance. This unprecedented scheme is exclusively tailored for the RV400, ensuring unparalleled value and convenience for Revolt Motors’ customers. By eliminating the barriers of conventional ownership, such as upfront costs, Revolt Motors aims to facilitate a smoother transition towards electric vehicles (EVs).

As the first two-wheeler manufacturer in India to introduce such a scheme, Revolt Motors is not just offering a motorcycle but initiating a transformative shift in mobility. This approach not only simplifies the adoption of electric transportation but also encourages a broader audience to embrace sustainable mobility solutions. The “4 Chauke Offer” underscores Revolt Motors’ commitment to innovation and accessibility, setting a new standard in the Indian electric vehicle market.

Commenting on this scheme, the Co-Chairperson of RattanIndia Enterprises Limited, the parent company of Revolt Motors, Ms Anjali Rattan Nashier, said, “At Revolt Motors, we are committed to making electric vehicles more accessible and appealing to everyone. The finance scheme exemplifies this commitment. We believe this unique scheme not only simplifies ownership but will eliminate a major barrier for potential EV riders and empower them to switch to a cleaner, more sustainable future.”

On July 10, 2024, the share price of RattanIndia Enterprises Ltd opened at ₹80.30, touching the day’s low at ₹77.52, as of 1:19 PM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.