Revolt Intellicorp mulling second plant in South India, to increase localization - Report
Revolt Motors, one of the most common electric dual-wheel drives in India, is the second manufacturing site in the southern part of India.
This will contribute to the brand’s expansion strategy. Which would ultimately bring the business to new urban areas like Hyderabad and Ahmedabad?
Received an unprecedented response when Revolt Intellicorp introduced the RV400 in August 2019 by the electric motorcycle. The RV400 has established a large customer base in just a short time. It is gaining popularity with massive development at the moment.
In the 24 hours and 72 hours from the start-up in Hyderabad and Ahmedabad, Gurugram. Delivered the first batch of RV400, respectively.
This indicates clearly that people have begun to consider electric two-wheelers more open-mindedly than ever.
As a result, Revolt Intellicorp has plans to set up its second production facility. Before the end of 2015 by investing around INR 250-300 crores. Thanks to the growing RV400 requirements.
If we speak to some southern states, we have big ambitions. Significant preparations are in place.
Looking at the electric vehicle (EV) market momentum. We intend to develop our second plant by the end of 2015.
Today, Revolt Intellicorp has more than a 1-square-ft development facility. So, set up about INR 400 crore on a schedule. The output capacity is 1.2 lakh per annum.
The manufacturing efficiency of the company had been increased and the RV400 time had decreased to meet increasing consumer demand from five months to three months. That doesn’t seem appropriate, though.
Revolt Intellicorp is aiming to reduce product imports. The two-wheelers are a component of zero. With their new manufacturing plant and follow a 100% venue. We are importing fewer than 30% of materials. So, with a certain impact.
We are, however, locally designing the components for suppliers. The total EV with local components will be installed entirely on the home market.