EV-Penny Stock Below Rs 65 Jumps After Hitting Landmark Milestone: 50,000th Electric Motorcycle Rolls Out, Powering India’s EV Future
The stock is up by 58 per cent from its 52-week low of Rs 37.45 per share and has given multibagger return of over 1,900 per cent in 5 years.
On Friday, shares of RattanIndia Enterprises Ltd jumped 7.16 per cent to Rs 59.10 per share from its previous closing of Rs 55.15 per share. The stock’s 52-week high is Rs 92.10 per share and its 52-week low is Rs 37.45 per share.
Revolt Motors, a subsidiary of RattanIndia Enterprises Limited and India's leading electric motorcycle brand, has reached a significant milestone: the production of its 50,000th electric motorcycle from its Manesar, Haryana, manufacturing facility. This achievement, symbolised by an RV1+ in Titan Red Silver, underscores Revolt's dedication to building reliable, AI-enabled, and sustainable mobility solutions designed and built for India. The company has rapidly expanded its manufacturing and retail footprint, with the Manesar facility boasting an annual production capacity of 1.8 lakh units and a network of over 200 dealerships across India, with recent expansion into Nepal and Sri Lanka.
Revolt Motors has solidified its position as the fastest-growing brand in India's electric motorcycle segment. Its flagship models, including the RV400, RV1+, and RV BlazeX, feature advanced lithium-ion batteries, smart riding modes, and regenerative braking, all tailored for Indian conditions. Looking ahead, Revolt plans to double its annual production capacity to over 3 lakh units by the end of 2026, expand its dealership network to 400 locations, and further strengthen its presence in South Asia and the Middle East, continuing its mission to innovate and shape the future of mobility.
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About the Company
RattanIndia Enterprises Limited (REL), the flagship of the RattanIndia Group, is a publicly listed company with a market capitalization of approximately ₹7,000 crore, recognized in the Fortune 500 India list. REL is focused on developing and scaling new-age, technology-led businesses in India across sectors such as Electric Mobility (Revolt Motors), E-commerce (Cocoblu Retail), Fashion Brands (Neo Brands), Fintech, and Drones (Neosky). Through its commitment to transformative technologies and digital-first models, REL aims to impact over a billion Indians and shape the future of movement, shopping, and connectivity in the country.
The company has a market cap of over Rs 8,000 crore with a 5-year stock price CAGR of 120 per cent. The stock is up by 58 per cent from its 52-week low of Rs 37.45 per share and has given multibagger return of over 1,900 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.