Bangalore, 12th December, 2022: 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 1st January, 2023 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 31st December 2022. 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