Revolt Motors rolls out 50,000th electric motorcycle
50,000th electric motorcycle
from its manufacturing facility in Manesar, Haryana. The unit, an RV1+ in Titan Red Silver, is part of the company's electric motorcycle line-up and reflects growing consumer demand for electric two-wheelers.
The company stated that this milestone represents continued customer trust and growing acceptance of electric mobility. According to Revolt, the vehicle embodies its focus on sustainable,
AI-integrated mobility
designed and built in India.
Revolt Motors currently operates more than 200 dealerships across India and has recently entered international markets such as Nepal and Sri Lanka. The Manesar plant has an installed capacity of 1.8 lakh units annually. The company has plans to increase its production capacity to over 3 lakh units by the end of 2026.
Anjali Rattan, Chairperson, RattanIndia Enterprises, said, 'This
50
,000th motorcycle carries more than a chassis number – it carries the aspirations of lakhs of Indians who believe in a cleaner, more progressive future. It symbolises every customer who made the shift to electric. It reflects every team member who worked tirelessly on the assembly line, and every kilometre that challenged convention."
Revolt's current portfolio includes the RV400, RV1+, and RV BlazeX. The models come equipped with lithium-ion batteries, riding modes, regenerative braking, and suspension calibrated for Indian road conditions.
Looking ahead, Revolt Motors plans to expand its dealer network to 400 locations and introduce additional models. The company aims to strengthen its presence not only in India but also across South Asia and the Middle East.
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Indian Express
11 minutes ago
- Indian Express
Trump's 50% tariff: Beginning to get foothold in US market, Agra's leather belt takes a hit
US Tariffs Impact on Indians: In a sprawling shoe manufacturing unit in Agra, men in sweat-soaked vests move along the assembly lines in a choreography honed over the years — working in perfect rhythm, their hands following the machine's pace. As each shoe travels down the conveyor belt, it pauses briefly at each station dedicated to a specific task, such as removing wrinkles, cotton brushing, seat lasting, sole heat activation — a display of how a hundred small acts turn the raw leather into products destined for sale in international markets, including the US. However, US President Donald Trump's decision to raise tariffs on Indian goods — hiking duties on leather footwear from 5-8% to 25%, with a further 25% increase threatened by August 27 — has cast a shadow over the unit. India's leather exports across the world rose from $3,681 million in 2020-21 to $4,828 million in 2024-25 — a 31% rise. In the same period, exports to the US rose from $645 million to $1,045 million — a 62% jump. For manufacturers who had only recently begun gaining a foothold in the US market, the move has come as a significant setback. 'There will definitely be an impact. We only have three US-based customers, as most of Agra's exports have traditionally gone to Europe. But the US was a major market we were trying to enter. It's a huge consumer base, and any success there would have changed the scale of our business. This is going to slow that push down,' said Sushant Dhapodkar of Tej International Pvt Ltd. Agra is one of India's largest footwear manufacturing hubs, alongside Kolkata, Kanpur and Chennai. The city has around 10,000 micro-units apart from 150 small-, 30 medium-, and around 15 large-scale industries. Many use leather imported from Turkey, which takes 45–50 days to arrive via road, along with Indian leather sourced mainly from Kanpur and Chennai, and some from Jalandhar. While Europe remains the mainstay for Agra's leather shoe exporters, the US market, the largest consumer base in the world — accounting for 24% of global consumption despite just 4% of the population — has been developing fast. In the last quarter alone, nearly half of Agra's export business, worth about $594 million, went to the US. The growth was so sharp that many manufacturers had invested heavily in expanding production capacity. 'Those who were earlier working on six assembly lines are now running 14,' said Puran Dawar, chairman of the Development Council for Footwear and Leather Industry and president of the Agra Footwear Manufacturers and Exporters Chamber. 'We ourselves had set up a unit bigger than our existing one to tap into the US market. That's definitely out of the question now.' The tariff announcement has also come at the peak of production for autumn and winter collections — the busiest for Agra's export factories. Orders for leather boots, closed-toe shoes, and high-end formal wear are typically placed months in advance by American buyers. These are now in the final stage of production or ready for shipment — but buyers have been calling to put the stock on hold. According to manufacturers, some buyers are ready to look towards China for an alternative. Dawar said: 'This is the peak season for autumn and winter orders, and buyers are already telling us to hold shipments, even for goods ready to go. They want us to share the tariff loss. But the US is a price-sensitive market — nobody can afford to share even 12.5% of the burden, let alone 50%. Some buyers have already cancelled and are looking to China because their tariff is 30%, and to Vietnam, where it's just 20%. We can't compete at those rates.' Nazir Ahmed, owner of Park Exports, said the problem goes far beyond price competition. 'Now with the initial 25%, it's going to be a disaster unless Trump goes back to the original tariff,' he said. 'This won't just be a problem for India, but for the US as well… the higher the duty, the more expensive their product will be. In countries where lower tariffs are imposed, they will have the advantage, and we wouldn't be able to compete with them,' said Ahmed. He also highlighted the potential impact back home. 'If orders aren't placed, factories will be without work. And if factories are without work, workers will be without work. This industry is labour-intensive, so unemployment could run into millions if this continues. And I'm not just talking about manufacturing — textiles, tools, every industry linked to this process will take a hit,' he said. Manufacturers said the setback is particularly bitter because of the efforts they made to break into the US market. 'It's a setback to our plans to double or triple exports to the US,' Ahmed said. 'The government increases targets every year, and the American market has the potential to match our exports to Europe. Now all that planning is on hold.' Others, like Dawar, believe the hike is a 'pressure tactic' and will eventually be rolled back. 'The government is in touch with us to see how they can help. We were called to meet Commerce Minister Piyush Goyal last week to discuss relief. One idea discussed was that the government could bear a part of the hike, and the remaining could be between the manufacturer and the US importer.' The current uncertainty, meanwhile, is already triggering ripple effects beyond Agra. Naseem Khan, a Kanpur tannery owner whose leather is supplied to manufacturers linked to US exports, said clients have begun cancelling or freezing orders. 'Whatever the stage of production, they're saying stop immediately. Even though we don't directly export to the US, we are deeply connected; the leather we produce is approved by those who manufacture finished goods for the US,' Khan said. Meanwhile, exporters are brainstorming alternatives. Russia, once a major market for Agra, is being considered for revival. Others are looking inward to India's growing middle class — a customer base whose purchasing power has risen in recent years. Until now, much of the footwear sold domestically was made locally from scraps and leftovers of the export process. But with international orders in limbo, manufacturers are weighing whether to redirect their best designs and full-scale production to the home turf. Chairman, Council for Leather Export, Rajendra Kumar Jalan said, 'Currently, the dispatches have come to a standstill. All US buyers and Indian manufacturers exporting finished goods to the US have put their orders on pause because of the 50% tax. When the tax was raised to 25%, there was still some hope — we were still on par with competing nations like Bangladesh, Indonesia, Vietnam, and, to some extent, China. But now, we are completely out of the picture. China, in fact, is gaining an advantage because the additional Russian oil tariffs do not apply to them, and they also enjoy a 90-day moratorium.' 'That being said, the US purchases from us are in large volumes, and for these bulk buyers, getting an alternative source of production for these huge orders, and that too in a short period, will be extremely difficult,' said Jalan 'At present, the reaction is one of panic. But we remain hopeful of finding alternative markets. There will be competition from other leather manufacturing nations, but our focus will be on countries where India has signed or is about to sign an FTA — countries such as Chile, Peru, and some European nations,' he said. — With inputs from Nirbhay Thakur
Economic Times
3 hours ago
- Economic Times
Explainer: What is the new H-1B wage-based selection all about
ETtech The White House has approved a proposal to select H-1B petitions based on wages in a shift from the current norm of using lottery. The rule, if implemented, will likely impact those at entry-level salaries in the US, and force technology firms to make changes in their overseas talent hiring to a Bloomberg report, the approval from the Office of Information and Regulatory Affairs came on August 8 and will be released to the public soon. Every year, the US Citizenship and Immigration Services (USCIS) approves 85,000 H-1B visas allocated to highly skilled foreign workers through a lottery system, which picks petitions at random. Indians have been one of the largest beneficiaries of the visa. According to the FY24 report from the USCIS, 71% of total H-1B visas, including fresh visas and renewals, issued between October 2023 and September 2024, were to Indian nationals, followed by the Chinese at 12%.The Trump administration now wants to revive the previous proposal by the Department of Homeland Security (DHS) that would select H-1B petitions based on wages. H-1B wage-based selection In the final rule released in 2021, the USCIS said, 'Modifying the H-1B cap selection process will incentivise employers to offer higher salaries, and/or petition for higher-skilled positions, and establish a more certain path for businesses to achieve personnel needs and remain globally competitive.'This means that those with higher salaries will be prioritised, over entry-level employees. For instance, for the role of a software engineer in San Francisco, between Level 1 with annual compensation of $135,699, and Level 4 at $213,512, the latter would be preferred as per the role. The compensation was based on the current wage data from the US Department of Labor. ImpactThis US government decision is likely to impact hiring for entry-level positions. Immigration experts said the move may also hit diversity in hiring talent as it prioritises wages. Indian IT companies and US technology firms may also have to pay higher wages for their employees to qualify, inflating operating costs and pressuring changes yet. In 2021, the new rule for H-1B saw significant push back and was withdrawn by the then Biden administration. It was also blocked by the federal courts. What is next? Now that the White House has approved the proposal, Gnanamookan Senthurjothi, founder, Visa Code, said the USCIS will release it for public feedback in the federal firm Fragomen in a note said after a period of 30-60 days, the agency will take into consideration the comments and will then publish the final rule with the implementation period. 'There is no set time frame for publication of a final rule, though the process typically takes several months,' the note said. Also Read:H-1B children lose green card shot at 21 under new rules Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. As 50% US tariff looms, 6 key steps that can safeguard Indian economy As big fat Indian wedding slims to budget, Manyavar loses lustre Why are mid-cap stocks fizzling out? It's not just about Trump tariffs. The airport lounge war has begun — and DreamFolks is losing Stock Radar: UNO Minda eyeing fresh 52-week high in next few weeks; check target and stop loss for long positions Buy, Sell or Hold: Antique recommends buy on Siemens; Avendus upgrades SBI to Buy post June quarter results Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 25% Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
Economic Times
5 hours ago
- Economic Times
Go on, give the Don a bone: Why India must nominate Trump for Nobel, and be tough on issues that matter
What have we learnt in the last six months on how to deal with Donald Trump as he uses import tariffs as a weapon against one and all? We can count five clear lessons. Taarif hi taarif! He loves flattery. He loved Pakistan for nominating him for the Nobel Peace Prize for supposedly ending India-Pakistan hostilities. This led him into visions of large oil discoveries off Pakistan's coast, which not even Pakistanis had ever heard of. India denied that Trump had anything to do with the India-Pakistan ceasefire, and this really pissed him off. To recover ground, India must nominate him for the Nobel - for bringing peace to Armenia and Azerbaijan. Few Indians can find Armenia or Azerbaijan on a map. Fewer still know that mainland Azerbaijan on independence got an enclave called Nakhchivan on the other side of its neighbour Armenia. The latest peace agreement provides for a corridor to connect Azerbaijan and Nakhchivan, to be called the Trump Route for International Peace and addition, the two countries have resolved their 37-year dispute over Nagorno-Karabakh. Not earthshaking, you might say? Nevertheless, India must trumpet this as a great feat for which Trump deserves the Nobel Peace Prize. Do not let Pakistan do so before us. We cannot afford to miss out twice. Flattery is fundamental to good diplomacy. That's Enough, If You Would Please In his wide spectrum of tariffs on different countries, Trump has hit the poorest countries with highest tariffs, and rich ones with the lowest. This shows he is determined to use economic strength for maximising his tariff gains. Poor Laos abolished all tariffs on imports from the US. Yet, Trump hit it with a huge 40% tariff, saying it was guilty of other unspecified trade barriers. The EU got away with a maximum 15% tariff on its exports and zero duty for US industrial goods entering threatened China with sky-high tariffs and drawing equally high retaliatory tariffs. China has been rewarded for its tough stance with two successive postponements on Trump's tariffs while negotiations continue. This strengthens the case for India being tough, too, in the politest terms. It should say it will be obliged to impose retaliatory tariffs of 50% if the US does not accommodate India's trade pleas. We must not surrender for no gain like Laos. Realtariff as realpolitik Trump is using tariffs for foreign policy, not just 'fair trading' system. He has raised import tariffs on Brazilian products to 50%. This is largely because of a coup-plot case in Brazil's Supreme Court against former right-wing president Jair Bolsonaro, whom Trump sees as an ally. Brazil has retaliated with 50% tariffs of its threat to penalise India for buying Russian oil is again an attack on India's foreign policy. India is determined to have good relations with Russia - it is its main supplier of cheap arms and a reliable ally on most issues in UNSC - even as it avows friendship with the US. India must stand example of Trump's tariffication of foreign policy is his threat to impose 36% tariffs on Thailand and Cambodia if they do not halt their recent border war. If the fighting really stops, that will be another opportunity for India to lionise Trump and nominate him yet again for the Nobel Peace Prize. For a fistful of dollars Trump is using tariffs to garner revenue to control burgeoning fiscal deficit. Let nobody think he merely wants some sort of trade fairness. He says faster growth through his 'beautiful' tax cuts will yield enough revenue to avoid a ballooning public debt. But he knows this is not enough, and seeks to get up to $300 bn through import tariffs. If this works, expect him to increase the dose. From Biden's time, the US had stopped export of high-end chips to China on the grounds of national security. But Trump has just agreed to let Nvidia and AMD export these very chips to China, provided they give 15% of their Chinese revenue as a fee to the US government. This is an unexpected - indeed, astonishing - sale of US national security for some tax shows how important he views the raising of revenue through tariffs. Lesson: India must be prepared for repeated tariff threats in the rest of Trump's term. Keep offshores on our shores Expect future Trump assaults on India on the offshoring of US jobs to GCCs in India. Nasscom estimates that India has 1,700 GCCs employing 1.9 mn people. These are critical for India's future. It must stand firm on GCCs, too. Overall conclusion: India must prepare for repeated attacks by Trump for varied reasons in the next four-odd years. In dealing with them, we need something we can give up in return for the US giving up its demands. We cannot give up farm import barriers for political reasons. Or Russian oil for economic and foreign policy tariffs - or the threat of imposing them - are what we can threaten, and then give up. Stay tough.
