Pune, August 4, 2023: TORK Motors, the pioneering electric motorcycle manufacturer in India, has forged a strategic partnership with HDFC Bank, one of the country’s premier private sector banks, to introduce seamless financing solutions for its customers. This collaboration offers a competitive interest rate of 9.5%* for loan tenures up to 48 months*. The objective behind this partnership is to provide tailored financial solutions that cater to the preferences of TORK Motors’ customers, making their flagship model, the KRATOS-R, more accessible by offering affordable Equated Monthly Installments (EMIs) as low as Rs 4,999* per month. As part of this collaboration, HDFC Bank representatives will soon be stationed at TORK Motors experience centers to provide personalized assistance to potential buyers.
Mr. Kapil Shelke, Founder & CEO of TORK Motors, expressed his enthusiasm about the collaboration, stating, “We are thrilled to partner with HDFC Bank as our financial ally. This collaboration enriches our spectrum of financial support offerings, reinforcing our commitment to provide comprehensive financial solutions to our customers across our dealership network. Our primary goal is to ensure a hassle-free financing experience for all buyers, aligning with our overarching mission to drive the adoption of electric mobility in the country.”
Mr. Arvind Kapil, Group Head – Retail Assets at HDFC Bank, shared his insights on the partnership, saying, “We are excited to join hands with TORK Motors to provide enticing offers to their esteemed customers and contribute to their electric mobility journey. Our competitive interest rates are aimed at making electric motorcycle ownership a delightful experience for all customers. Furthermore, we are proud that our collaboration contributes towards a greener and cleaner environment.”
TORK Motors introduced its flagship electric motorcycle, the KRATOS-R, in 2022. Since its launch, the company has witnessed a phenomenal response with numerous bookings for their domestically manufactured electric motorcycles. Earlier this year, the brand unveiled a refreshed version of the KRATOS-R at the Auto Expo, featuring significant enhancements. The premium urban commuter electric motorcycle boasts a sleek all-black motor and battery pack design, complemented by stylish decals for an enhanced aesthetic appeal. Moreover, the model now incorporates a fast-charging port. The KRATOS-R is available in five trendy color options, including the new Jet Black with subtle grey undertones.
To ensure widespread accessibility to the KRATOS-R, TORK Motors has collaborated with leading financial institutions. Additionally, existing customers have the opportunity to upgrade their current motorcycles by paying a differential amount.
About TORK Motors Pvt. Ltd.
TORK Motors, established in 2010, is India’s pioneering electric motorcycle manufacturer. The brand holds a storied legacy of racing at the renowned ‘Isle of Man’ and is backed by the Bharat Forge group and Mr. Ratan Tata. Founded by Kapil Shelke, TORK Motors has harnessed his racing experience to propel the brand to prominence as a top electric vehicle manufacturer in India. The company boasts an impressive collection of more than 50 patents and designs under its Intellectual Property Rights (IPR), highlighting its focus on cutting-edge technology and research and development since its inception.
