TORK Motors partners with HDFC Bank to offer easy finance options

by Priya Jadhav 

·        This partnership aims at offering financial solutions for customers across India at attractive rates  

·        Customers can avail attractive interest rate of 9.5%* and EMIs starting at Rs 4,999

Pune, 04 August 2023: TORK Motors, India’s first electric motorcycle maker, has announced its latest collaboration with HDFC Bank, India’s leading private sector bank, to provide easy financing solutions for its customers at an attractive rate of 9.5% for a period up to 48 months. The partnership is aimed at offering tailormade finance solutions to suit the needs of TORK Motors’ customers, making 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.

Commenting on the partnership, Mr. Kapil Shelke, Founder & CEO, TORK Motors, said, “We are delighted to associate with HDFC Bank as our finance partner. This partnership enhances the portfolio of financial assistance package that we offer to our customers across our dealerships. It is our aim to provide immediate and comprehensive financial solutions, ensuring a hassle-free process for all buyers. Our commitment to advancing electric mobility in the country remains steadfast as we strive to bring together all essential solutions under one roof.”

Mr Arvind Kapil, Group Head - Retail Assets. HDFC Bank, said, “We are excited to partner with TORK Motors to offer lucrative offers to the brand’s customers and be a part of their e-mobility journey. We offer attractive interest rates that make e-motorcycle ownership a pleasant experience for all our customers. In addition, we are glad that we will be contributing towards making our environment greener and cleaner.”

TORK Motors launched its flagship motorcycle KRATOS-R in the year 2022. Since its launch, the company has received an overwhelming response to their 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. 

TORK Motors has collaborated with leading financial organizations to make the KRATOS-R accessible to all.  Existing customers can also upgrade their current motorcycle by paying a differential amount.