TORK Motors, HDFC Bank tie up for EV financing

New Delhi

Electric vehicle makers are advancing electric mobility in the country by bringing together all essential solutions under one roof. India’s first electric motorcycle maker, TORK Motors, has collaborated with HDFC Bank to provide easy financing solutions for its customers at an attractive rate of 9.5 percent for a period of up to 48 months. The partnership will make the KRATOS-R more accessible to new buyers with affordable EMIs as low as Rs 4,999 per month. As a part of the agreement, HDFC Bank representatives will soon be available at TORK Motors experience centres to assist customers in person.
The idea is to provide immediate and comprehensive financial solutions, ensuring a hassle-free process for all buyers, according to Kapil Shelke, Founder and CEO, TORK Motors. The bank’s lucrative offers to customers with attractive interest rates are aimed at making e-motorcycle ownership a pleasant experience for all our customers. The company launched its flagship motorcycle, the KRATOS-R, in 2022 and has been receiving an overwhelming response to the indigenously developed electric motorcycles through numerous bookings.
Earlier this year at the Auto Expo, the brand introduced the refreshed KRATOS-R with significant changes. The premium urban commuter electric motorcycle now boasts a completely black motor and battery pack, along with stylish decals for enhanced styling, and comes with a fast-charging port. The e-motorcycle is available in five trendy colours, including the new Jet Black with grey hues.