Tork Motors to hike prices of Kratos and Kratos-R from Jan 1
Pune: India’s first electric motorcycle maker, Tork Motors has announced a marginal price hike of its revolutionary electric motorcycle Kratos and Kratos-R.
The effective cost from Jan 1 will be INR 1,32,499 [ex-showroom after subsidy in Maharashtra] and 1,47,499 [ex-showroom after subsidy in Maharashtra], respectively.
The company will also offer price protection to all the bikes that are being rolled out for deliveries on or before Dec 31.
The company has been absorbing a significant portion of the increased costs but the steep rise in overall input costs has compelled this minimal price hike.
This is the first price hike on the e-motorcycles, post its launch of the promotional price in January, this year.
The company recently launched its first-ever experience centre in Pune for unmatched sales and after-sales experience and will be opening touchpoints, in seven cities, by the end of this financial year. Currently, the Kratos is priced at INR 1,22,499 [ex-showroom after subsidy in Maharashtra] and is available in white colour only and the Kratos-R is priced at INR 1,37,499 [ex-showroom after subsidy in Maharashtra]; and comes in four colour options white, blue, red and black.
At present, Tork Motors is delivering the e-motorcycles in Pune, Mumbai and Hyderabad and will soon start deliveries in other markets.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
Madhya Pradesh, Tamil Nadu, Kerala ban Coldrif cough syrup after toxic chemical found linked to child deaths
Barack and Michelle Obama celebrate 33 years of marriage with touching tributes and timeless memories
Veteran actress Sandhya, wife of legendary filmmaker V. Shantaram, passes away at 94
Fish trader arrested under POCSO Act for raping a minor in Agartala
