RattanIndia arm wins Bihar Police electric bike order
after close2 sources ↓machine-written, see hownot a recommendation
RattanIndia Enterprises rose 1.65% to ₹25.32 on 04 Nov 2026 after its wholly owned subsidiary, Revolt Motors, secured an order from Bihar Police for 1,100 BlazeX electric motorcycles. The vehicles will be used for patrolling operations, expanding the electric two-wheeler maker’s institutional business into law-enforcement mobility. 🚔
The stock opened at ₹25.30 and traded between ₹24.68 and ₹25.63, while 84,439 shares changed hands on the BSE, according to Investment Guru India. The company’s market capitalisation stood at ₹3,472 cr. The order announcement came as the stock remained close to its recent range: the one-week high and low were ₹26.15 and ₹23.45, while the 52-week range was ₹21.36 to ₹52.65.
Order for 1,100 motorcycles gives Revolt Motors a visible fleet deployment and adds an institutional customer beyond its retail channel. The BlazeX has a claimed range of up to 150 km per charge, can be recharged through a standard 10A power socket, and includes a removable battery, under-seat charger storage and built-in GPS for fleet tracking. These features support use in patrol fleets where charging flexibility and vehicle monitoring are operational requirements. ⚡
Delivery under the contract is scheduled for completion by January 2027, although Revolt Motors is targeting completion by November 2026. The delivery pace, fleet deployment and any subsequent institutional orders will determine how quickly the announcement translates into operating execution. Investors will also watch whether the order improves the company’s utilisation of its distribution network, which spans more than 182 dealerships across India.
The development follows a period of weakness in the stock. The 52-week high of ₹52.65 was recorded on 04 Nov 2025, while the 52-week low of ₹21.36 was reached on 26 Oct 2026. Promoters held 74.87%, institutions 5.38% and non-institutions 19.75%, as reported in the coverage. The order strengthens the electric-mobility narrative, but the reported update did not disclose the contract value, margins or revenue recognition terms. 🏍️
Source: Investment Guru India, 04 Nov 2026; Motoring Trends, 04 Nov 2026
Not investment advice. For informational purposes only.