Gurgaon-based Rissala Electric Motors which launched Evolet electric vehicle brand in September 2019 is now looking to expand its retail presence in the country. The company has inaugurated its new dealership in Hyderabad, Telangana.
The company says it plans to have all-India operations with special emphasis on Telangana, which is supported by a strong and experienced team comprising of Dr Vidya Sagar, a renowned entrepreneur and a well-known doctor who is said to have established many medical colleges across the country.
Evolet India is a Gurgaon-based electric vehicle startup in the business of electric scooters, motorcycles, mopeds, quad bikes, jeeps, autos and buses that are being manufactured at its plants at Haryana, Hyderabad and Chennai.
As part of its expansion plans for the Telangana region the company says it has identified key cities identified for dealerships and distributorship including Hyderabad, Warangal, Karimnagar, Nizamabad, Vikaravad, Mahboob Nagar, Shadbagar besides others; the plan has been formalise for opening around 10 dealerships by March 2021 with target sales of around 150 units per month per dealer.
Speaking during the inauguration, Squadron Leader Prerana Chaturvedi, director and CEO, Evolet India said: “India is transitioning towards clean mobility with Telangana, the youngest state in India showing mature interest in the EV market adoption by EV manufacturers, entrepreneurs, dealers, and researchers. This marks the entry of Evolet India in Telangana region, thereby playing a significant role in bolstering the government’s Make in India initiative with local suppliers in India, bringing a change in how people commute, with a range of electric vehicles that suit all type of riders.”
Rissala Group has a range of business verticals in aviation, hospitality, wellness, lifestyle, sports, and progressive agriculture. The company is led by veteran defence officers, Colonel Ajay Ahlawat and Squadron Leader Prerana Chaturvedi.
“In line with our objective to establish a nationwide presence, Evolet aims to open 100-plus dealerships across India in FY2020-21. We are aggressively pursuing our plan and are targeting sales of around 150 units per month per dealership. We have finalised our dealerships in the states of Delhi, Haryana, Uttar Pradesh, Punjab, Chandigarh, Haryana, Maharashtra, Telangana, Tamil Nadu, Orissa, Gujarat, Madhya Pradesh, besides Nepal and Bangladesh,” adds Chaturvedi.
In terms of exports, Evolet has identified key markets within Asia Pacific and the Middle East and plans to begin exports in 2021. In terms of manufacturing the company says it has facilities in Haryana, Hyderabad and Chennai manufacturing 13 products in various segments. Our Haryana facility has a built-up area of 1.4 lakh sqft with a manufacturing capacity of 350,000 electric two-wheelers per annum. The Hyderabad and Chennai facility is fully-equipped to produce 1,500 buses per annum and is spread in an area of over 2 lakh sqft area. The company says it is investing in a phased manner and has allocated a budget of approximately Rs 150 crore for its two-wheeler division and Rs 300 crore for the electric bus division to support its India operations and production.