Less than a year after its launch, Tork Motors has announced that it will be hiking prices for its Kratos electric motorcycle. The magnitude of the price hike will be Rs 10,000, and this will be applicable for both, the standard variant as well as the more high-performance R version. As a result, the two will end up being priced at Rs 1,32,499 and Rs 1,47,499 respectively (ex-showroom Maharashtra, after FAME-2 and state subsidies). The price hike will take effect from January 1, 2023.
- Tork Kratos, Kratos R to receive Rs 10,000 price hike
- Price to increase from January 1, 2023
While this particular hike measures Rs 10,000, the overall increase in the price of the Kratos since its launch has actually been much larger. At the time of its launch, the Kratos was priced at Rs 1.08 lakh for the standard version and Rs 1.23 lakh for the R variant (ex-showroom Maharashtra, after FAME-2 and state subsidies). This means that after the January hike, the Kratos will be roughly Rs 25,000 more expensive than its launch price, in a span of less than one year.
What the Kratos has going for it, is the fact that it has no direct competition at this price point in the electric motorcycle space. On the lower end, there is the Revolt RV400, priced at Rs 1.23 lakh (ex-showroom Maharashtra, after FAME-2 and state subsidies) and on the upper end, there is the much more expensive Ultraviolette F77, recently launched from Rs 3.80 lakh onwards (ex-showroom).
As for the reason behind the increase in the Kratos’ price, Tork says that it has been “absorbing a significant portion” of the rise in input costs so far, but the steep rise has “compelled this minimal price hike.” The company also says that it will be offering price protection to all motorcycles delivered until December 31, 2022.