RattanIndia Enterprises jumps on govt's EV subsidy nod

Rattanindia Enterprises

30/07/2024 06:50

** Shares of RattanIndia Enterprises  RTNI.NS  up 6.3% at
81.40 rupees
    ** Co says its electric motorcycle co Revolt Motors secures
approval for subsidy from India govt, all past issues related to
EV subsidies resolved 
    ** 10,000 rupees ($119.43) subsidy will help co
competitively price in market, boosting sales and profitability
- RTNI
    ** Stock up ~7% YTD

($1 = 83.7300 Indian rupees)

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))