Evolet Sets Up Dealership Network In Punjab & Chandigarh

Evolet India, a Gurugram Based Startup, has to showcase the performance of its products during an event to set up its distributorship and dealership network for its electric vehicles range in Punjab and Chandigarh. The company representatives drove the base model of their e-scooter Pony from Chandigarh to Delhi -- a journey of 250 km. Company spokesperson highlighted the need as people should know what they are buying and how sturdy their vehicle is. The e-scooter can cover 65 km in one charge with a top speed of 25 km per hour and has the option of swappable batteries. A team from Evolet accompanied the riders on their journey to meet their need for the extra battery.

A part of Rissala Electric Motors Pvt. Ltd. (REM), Evolet is a brand of electric scooters, motorcycles, quad bikes, ambulances and buses with ARAI and ICAT certification that is being manufactured at its plants at Haryana, Hyderabad, and Chennai. The key cities identified for dealerships and distributorship in Punjab include Ludhiana, Amritsar, Patiala besides Chandigarh. The plan has been formalized for opening around 10 dealerships by March 2020 with target sales of around 150 units per month per dealer.

Commenting on the initiative, Sqn Ldr Prerana Chaturvedi, Executive Director & CEO - Evolet said, “A number of factors including a positive change in customer perception, technological advancement and greater intervention from the government are combining to focus attention on EV adoption. This presents a good business opportunity for those who want to open 2W EV showrooms in Punjab and Chandigarh. Evolet range of models aptly addresses the requirement of all age groups and provides higher revenue earning potential for its commercial customers”.

The special highlight for Punjab territory will be the launch of its Hi-speed vehicle range (2w) and upgraded version of Warrior (ATV) with built-in special accessories, an off-roader but with on-field experience for the customers. The plan is to launch these models in January 2020. Next year Evolet also plans to expand its dealership network in Punjab by adding around 3-4 dealerships per month and aims for around 30-35 dealerships. The showrooms will be operated and owned by individual dealers, who will bear the cost of infrastructure while the promotional cost will be shared by both the dealer and the company. The company aims to give a 7 percent profit margin to the dealers per model.