RattanIndia Enterprises surges 8.5% after arm Revolt Motors' strong November sales

The surge in RattanIndia Enterprises stock was also triggered by a sharp spike in trading volumes in the counter.

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26 Aug, 2025 12:21

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Shares of RattanIndia Enterprises zoomed 8.5 percent on December 4, buoyed by the strong November sales of its arm--Revolt Motors.

Revolt Motors recorded a whopping 197 percent on year jump in its vehicle sales, with 1,994 units sold in November as compared to the 671 units that were sold in the same month last fiscal. On a month-on-month basis, the increase in vehicle sales was over twofold as compared to the  952 units sold in October.

At 10.08 am, shares of RattanIndia Enterprises were trading at Rs 72.70 on the NSE. The surge in the stock was also triggered by a sharp spike in trading volumes in the counter. As much as one crore shares of RattanIndia Enterprises changed hands on the exchanges so far, significantly higher than the one-month daily traded average of 54 lakh shares.

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RattanIndia Enterprises completed a 100 percent stake acquisition of electric motorcycles manufacturer Revolt Motors back in June this year.  Revolt Motors owns the top-selling electric bike brand in India, with its manufacturing facility in Manesar, Haryana.

Its flagship model, the RV400, is in high demand and is considered one of the most technologically advanced electric bikes globally. RattanIndia Enterprises aims to accelerate Revolt's growth and position it as the largest EV two-wheeler company in India.

Following the acquisition, Revolt Motors also opened a new dealership in Najafgarh in New Delhi, in August, in an attempt to meet with its commitment to enhance customer accessibility and elevate the electric bike experience across the national capital, the company said in an exchange filing.

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