Tork Motors has dropped prices by 37,000/- Buy it Here now
H. Karan Kumar
Updated on Sept 19, 2023 | 6 min read
After Revolt Motors, Tork is India’s second biggest EV seller, with only one product “Kartos R” available in the Market. However, they have very few sales numbers compared to Revolt, and to counter that, the company is going ahead with the discounting method.
In the month of Feb, the company could sell 143 electric bikes only. Whereas Revolt sold 480 electric bikes, this huge difference brought these discounted electric bikes. The company also added that the discount on electric bikes are available only until March.
About the Tork Motors price drop:
Electric Vehicle startup Tork Motors is making headlines in the Indian automotive market with its recent announcement. The company has decided to slash the price of its popular model, the Tork Kratos R, by a whopping 37,500 INR. The decision comes as a part of their strategic move to boost sales before the FAME-II scheme ends.
| Electric Bike | Price Before | Price Now |
| Tork Kratos R | 1.87 lakh | 1.5 lakh |
Tork Kratos R: The Game Changer
The Tork Kratos R has been a game changer in the EV segment with its unique features and high performance. The electric bike comes equipped with a 3.4 kWh lithium-ion battery, capable of delivering a range of up to 100 km on a single charge. The Kratos R is powered by a 6kW electric motor with a peak torque of 27 Nm.
Tork Kratos R | Specifications |
| Range | 180km (ARAI range) |
| Top Speed | 105km/h |
| Charging time | 6-7 hours |
| Battery | 4kWh |
| Motor | 9 kW Axial Flux Motor |
| Charging cost | 4units |
| Fast charging | 30 min |
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The Significant Price Slash
Surprisingly, Tork Motors has offered the Kratos R model at a much lower price. Now, the vehicle is available at just 1.50 lakh INR, a significant reduction from its usual price of 1.87 lakh INR. This discount offer is available only till the end of March 2024, which coincides with the expiration of the FAME-II scheme.
Impact of FAME-II Scheme
The FAME-II (Faster Adoption and Manufacturing of Electric Vehicles in India) is a government subsidy scheme supporting the growth of EVs in India. The Kratos R currently qualifies for a 22,500 INR FAME-II subsidy. But with the scheme’s expiration on the horizon, the startup is keen to accelerate its sales and clear its existing inventory.
Sales Performance of Tork Motors
Despite the quality and performance of their products, Tork Motors has faced some challenges in terms of sales. 2023 the company sold almost 1,600 motorcycles, but the sales figure dropped to 364 units in the first two months of 2024. This price reduction is a strategic move to boost sales and clear their stock before the subsidy withdrawal.
Future of Electric Two-Wheelers in India
The future of electric two-wheelers in India largely depends on the government’s support and policies. Although the FAME-II scheme is ending, industry experts are optimistic about the government’s continued support for the EV sector. However, if no new subsidy scheme is introduced, electric two-wheelers may become more expensive in the near term.
Wrapping Up
Tork Motors’ decision to slash prices is a smart move to boost sales. However, it also highlights the importance of government support in making EVs affordable for the masses. While the end of the FAME-II scheme may pose some challenges, it is hoped that the government will introduce new measures to continue promoting EV adoption in India.
Do not miss this opportunity! Grab your Tork Kratos R at a discounted price and contribute to a cleaner and greener future.
