Price increase for the Revolt RV400 electric motorcycle. Additional deposit to pay for my revolt plan
- Minor revisions both in the one-time payment as well as in the subscription plan.
- Revolt claims to have reduced the wait time to just 90 days.
- The new plans come into effect on February 29.
Revolt Intellicorp has announced new prices for its flagship motorcycle, the RV400. The electric motorcycle went on sale with two pricing options: Cash Down and My Revolt Plan (by subscription). Both plans have undergone a minor revision.
The cost of the motorbike through the old regime has increased to Rs 1,03,999, which is Rs 5,000 more than before. The monthly fee of Rs 3,999 under the My Revolt plan is unchanged. However, you will now have to pay an additional deposit to get the bike, making this a 38 month plan.
While the company is currently limited to selling motorcycles only in Delhi and Pune, it plans to expand to four more cities soon. To meet the additional demand, Revolt had to increase its production capacity. Reducing the waiting period from five months to just 90 days suggests that Revolt has significantly increased production.
Here is the official press release from the company:
Revolt Intellicorp increases the price of the RV400
Delivery time reduced from 5 months to 90 days
Delhi, India (February 28, 2020) – Revolt Intellicorp Pvt. Ltd. announced an increase in the price of the RV400 due to increased input costs. The new cost, applicable from February 29, 2020, will be as follows:
My Revolt Plan – INR 3,999 per month (for 38 months plus INR 3,999 as one-time booking amount)
Revolt Cash Down Plan – 103,999 INR (plus 3,999 INR as one-time booking amount)
The price of the RV300 remains unchanged – MRP INR 2,999 per month (for 36 months plus INR 2,999 as the reservation amount) and a deposit of INR 84,999 (plus INR 2,999 as the reservation amount).
The RV300 and RV400 created waves just a few months after their launch. In this phase of accelerated growth, the company succeeds in reducing the RV400’s wait time from 5 months to just 90 days for orders from March.