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India! Soco rebadging as "Revolt". Wow., page-29

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VYR

4,680 Posts.

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24/06/19

18:28

Post #: 39213208
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Originally posted by afd: ↑

Interesting feedback about this from everyone. Thanks.

A couple of things have piqued my interest since finding the article(s) last week..........lots of sources as a few have suggested so google to your hearts content but this is a summary of my thoughts (which in turn were also 'inspired' by others here such as VYR, Josh, Kitty, etc etc. In addition to going on comments and releases by Charles and Phil at AGM etc) so here goes......................

1. Revolt is quoting prices of somewhere between $1700 to $1300. This is a third or less of the euro prices. Question.......how will they make a $?
2. On top of the purchase price, the e power infrastructure isn't in place to fully support owner only charging. Consequently the options of battery swaps, company owned charging stations, charged battery delivery pickup as well as 'home-based' charging are being offered by company. Lots of infrastructure costs and working capital costs by Revolt. Again.............Business case issues.
3. The electric 2 wheel industry sales have collapsed recently because of changing government policy and rebate structures but are set to increase again when India based company's can satisfy domestic sourcing / manufacturing hurdles

................the founders might have deep pockets but they probably won't make a $ for awhile. Reminds me of Charles /Phil's comments about VMT initially being a 5 years too early to Euro markets etc. So maybe Revolt is prepared to to sell $10 notes for $5 notes for a couple of years to gain market share.

That said, building a 120k unit pa capacity and maybe even flogging that many units (because of the pricing point) still represents big $ in terms of revenue / costs (if not profit).

Phil spent the first year and a half to 2 years convincing VMT to exit unprofitable market segments an/or to have the business driven by market demands.

VMT still needs to protect its global rights for Super Soco distribution and needs to ensure that it clips the ticket for all sales on completed units or kd / ckd versions.

For example if VMT can get $100 out of the ckd kits shipped to India and Revolt do reach their objective of say 120k units pa, that equates to $12m pa. That's a lot. Also that way, they remove the risk and expense of doing a complete JV with Revolt and the comapny get's to play by 'Phils rules'.

So....................is this Revolt thing big? Yep. Whatever way you cut it.

Is it going to give an insight into the state of the VMT / Soco relationship? I imagine so as hopefully VMT 'clips' each sales invoice. If not what is the point of the distribution agreement.

Should there be an announcement? I would think so given the numbers involved. But. If Revolt is funding the manufacturing / assembly plant and the other aspects of the operation and they are only going to order on an as needs basis and not commit to minimums etc, then I suppose technically the company is not bound to announce the agreement other than maintaining the regular sales / revenue reports etc.

In conclusion, this is more good news in what has been a jam packed couple of months. But it is confusing me and it would be great to get some news, even if it is 'not compulsory'.

Cheers

Expand

"Should there be an announcement? ....... I suppose technically the company is not bound to announce the agreement other than maintaining the regular sales / revenue reports etc."

Micromax's mission seems to be to make the most of being early movers and then not trying to compete in the mature market place.

I understand the proposed bike does contain Super Soco parts that are supplied by Vmoto. I guess if there is no announcement its because its starting small and the future is uncertain. Just another parts order at this stage to help propel the growth in revenues we are all hoping for.

VMT Price at posting: 10.0¢ Sentiment: None Disclosure: Held
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India! Soco rebadging as "Revolt". Wow., page-29

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India! Soco rebadging as "Revolt". Wow., page-29

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