Evolet Inaugurates New Showroom For Telangana Region At Hyderabad

Evolet India, a Gurugram Based Startup inaugurates new state showroom for Telangana region at Hyderabad. A part of Rissala Electric Motors Pvt. Ltd. (REM), Evolet is a brand of new-age electric scooters, motorcycles, mopeds, quad bikes, Jeeps, Autos and buses with ARAI and ICAT certification that are being manufactured at its plants at Haryana, Hyderabad, and Chennai. The key cities identified for dealerships and distributorship in Telangana region includes 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.

The Company’s pan India operations with special emphasis on Telangana are supported by a very strong and experienced team comprising of Dr. Vidya Sagar, a renowned entrepreneur and a well-known doctor who has established many medical colleges across the country. The state showroom in the state is situated at Palmsprings Motors, G-3, Lakshmi Narayana Complex, Ayyappa Society, Madhapur, Hyderabad, Telangana- 500081.

Commenting on the initiative, Sqn. Ldr. Prerana Chaturvedi, Director & CEO - Evolet said, “The short-term business outlook remains uncertain due to the COVID-19 pandemic. However, the long-term story of India and that of the two-wheeler industry remains intact, strong and positive. There are ample growth opportunities in India to grow company’s EV business to new heights. We expect the demand to be robust this fiscal with people expected to opt for personal mobility amid coronavirus pandemic; besides E-bikes promotes clean environment and save on cost with convenience of commuting. We are following a market-specific strategy to further enhance our presence in markets in specific geographies. There is also a lot of pent-up demand momentum.”

Evolet plans to expand its dealership network in Telangana by adding around 3-4 Dealerships per month from FY 2020-21. The company is focusing on the cities where the two-wheeler traction is maximum with an intention to move up its sales target. These 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. Beyond this dealer would be getting the extra benefits through the incentive schemes run by the company. After-sales service, spare parts and accessories business is another revenue centre for the dealer. Apart from dealership network, Evolet is also targeting institutional sales and corporate sales to widen its domestic base.  

“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” comments Sq. Ldr. Prerana Chaturvedi, Director & CEO, Evolet India, during the inauguration of company’s state showroom at Hyderabad. “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 range of electric vehicles that suit all type of riders; from young to old, youthful trendy buyers and comfort seekers to busy business riders”.