|Tork Motors to hike costs of Kratos, Kratos R electrical bikes|
Less than a 12 months after its launch, Tork Motors has introduced that it will likely be climbing costs for its Kratos electrical bike by ₹10,000, and this will probably be relevant for each, the usual variant in addition to the extra high-performance R model. As a end result, the 2 will find yourself being priced at ₹1,32,499 and ₹1,47,499, respectively (ex-showroom Maharashtra, after FAME-2 and state subsidies).
The worth hike will take impact from January 1, 2023.
While this explicit hike measures ₹10,000, the general improve within the worth of the Kratos since its launch has really been a lot bigger. At the time of its launch, the Kratos was priced at ₹1.08 lakh for the usual model and ₹1.23 lakh for the R variant (ex-showroom Maharashtra, after FAME-2 and state subsidies). This signifies that after the January hike, the Kratos will probably be roughly ₹25,000 costlier than its launch worth, in a span of lower than one 12 months.
What the Kratos has going for it, is the truth that it has no direct competitors at this worth level within the electrical bike area. On the decrease finish, there may be the Revolt RV400, priced at ₹1.23 lakh (ex-showroom Maharashtra, after FAME-2 and state subsidies) and on the higher finish, there may be the far more costly Ultraviolette F77, not too long ago launched from ₹3.80 lakh onwards (ex-showroom).
As for the rationale behind the rise within the Kratos’ worth, Tork says that it has been “absorbing a good portion” of the rise in enter prices to date, however the steep rise has “compelled this minimal worth hike.” The firm additionally says it will likely be providing worth safety to all bikes delivered till December 31, 2022.