What Exactly Is The ‘My Revolt Plan’ For The RV400?

 

Revolt has literally blown our heads off with the pricing of the RV400 (read our story here). At Rs 3,999 per month, the ‘My Revolt Plan’ allows potential buyers an affordable scheme to own their RV400. This contract-based ownership experience is unheard of in the automotive sector as one needs to pay this small amount for a period of 37 months.

Per day	Per month	For three years
Distance travelled per day: 30km	Distance travelled per month: 30km x 30 days = 900km	Distance travelled for 3 years = 900 x 37 = 33,300km
	Recharge cycles per month: 900km / 156km per charge = 5.7 charge cycles
	Total cost of recharge per month: 5.7 x Rs 22 = Rs 125.40	Total cost of recharge for three years: Rs 125.4 x 37 months = around Rs 4650
		Hence, the total ownership and running cost of the bike = Rs 1.44 lakh + Rs 4650 = Rs 1.49 lakh

This might feel a bit too steep a price but our sister publication has done a report on how effective the ‘My Revolt Plan’ is when compared to purchasing a typical ICE 125cc commuter on loan and running it for three years. You can read the report here.

At the end of the 36 month period, you would end up spending Rs 1.49 lakh. The running costs are going to be a bare minimum as one would end up spending just Rs 125 per month on charging.

As soon as you pay your first instalment for the RV400, the bike is in your name. Unlike a loan or a lease-based scheme where for the duration of the loan/lease, your vehicle belongs to the financing company or manufacturer, this contract-based scheme gives you firm ownership of the RV400.

Just like your internet connection at home, in case you default on paying the monthly instalment, Revolt can remotely deactivate your RV400. Once you pay the monthly cost, it will be reactivated immediately.

For those who would want to opt-out of the ‘My Revolt Plan’ prior to the end of the 37 month period, Revolt will be announcing the pricing for the release clause later. There are many more situations of ownership, like a change of ownership in the middle of the contract period or just purchasing the RV400 in one go, for which Revolt will announce plans soon.