Evolet sets up dealership network in Punjab and Chandigarh

New Delhi, November 6, 2019: Evolet India, a Gurugram Based Startup, came up with an innovative idea 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 top speed of 25 km per hour and has option of swappable batteries. A team from Evolet accompanied the riders on their journey to meet their need of extra battery.

A part of Rissala Electric Motors Pvt. Ltd. (REM), Evolet is a brand of new-age electric scooters, motorcycles, quad bikes, ambulances 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 Punjab includes 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.

Sqn Ldr Prerana Chaturvedi, Executive Director & CEO, Evolet said, “In line with our objective to establish a nationwide presence, our electric-scooter venture, Evolet aims to open 100 plus dealerships across India by end of 2020. We are aggressively charting our plan and are targeting sales of around 150 units per month per dealership. We have finalized our dealerships in the states of Maharashtra, Uttar Pradesh, Bihar, Punjab, Chandigarh, Rajasthan, Haryana, Telangana besides Nepal and Bangladesh, the showrooms of which will come up by March 2020”. Evolet has also identified key exports markets within Asia Pacific and the middle east and plans to start exporting of products by 2020.

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 promotional cost will be shared by both the dealer and the company. The company aims to give 7% per cent profit margin to the dealers per model.