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Revolt Motors Introduces 0 Down Payment Financing For RV400

Published on 15 Jul, 2024, 4:48 AM IST
Updated on 15 Jul, 2024, 11:58 AM IST
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Chinmay Hadkar
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The new finance scheme is aimed at further boosting sales of the RV400 electric motorcycle 

Revolt Motors has launched a new financing scheme called "4 Chauke Offer." This unique plan aims to make owning its electric 2-wheeler more accessible than ever before by eliminating the upfront cost barrier.

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The "4 Chauke Offer" removes the need for a down payment on the Revolt RV400 electric motorcycle.  Combined with a monthly payment of ₹ 4,444, the scheme simplifies the ownership process and makes owning the RV400 a more attractive option for budget-conscious consumers. Revolt Motors also promises a hassle-free, paperless digital application process, which is more convenient.

Commenting on this scheme, Ms. Anjali Rattan Nashier, Co-Chairperson of RattanIndia Enterprises Limited, the parent company of Revolt Motors, said, "At Revolt Motors, we are committed to making electric vehicles more accessible and appealing to everyone. The finance scheme exemplifies this commitment. We believe this unique scheme not only simplifies ownership but will eliminate a major barrier for potential EV riders and empower them to switch to a cleaner, more sustainable future."

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The potential cost savings on fuel compared to traditional gasoline-powered motorcycles further sweetens the deal. Read more about EV vs CNG here

Revolt Motors is confident that the "4 Chauke Offer" will be a driving force in the adoption of electric vehicles in India. The company sees this scheme as a revolution in mobility,  encouraging more riders to embrace a cleaner and greener mode of transportation. Previously In a move to widen its customer base, Revolt Motors announced a price cut on its RV400 and RV400 BRZ electric motorcycles. Both bikes received a price reduction of ₹5,000, bringing its ex-showroom prices to ₹1.50 lakh and ₹1.43 lakh respectively. This price drop comes courtesy of production cost optimisation for spare parts and batteries.  These also included a flat discount of ₹10,000 and an exchange bonus of another ₹5,000 for existing motorcycle owners.

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The Revolt RV400 and RV400 BRZ share the same core features. It has a 3kW motor, swappable battery with 150 km range in Eco mode, and identical design and mechanical components. However, there are some key differences. The Revolt RV400 has phone app connectivity, which the Revolt RV400 BRZ lacks.  The Revolt RV400 BRZ makes up for this with a simpler, more affordable package that includes a digital display, three ride modes, and a Combined Braking System (CBS) for improved safety. Both bikes can be conveniently charged in just 4.5 hours.

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