KEY HIGHLIGHTS
- Qualifying customers can get 100% full on-road financing
- Ather electric scooters can be purchased with a 60-month loan plan
- Partner banks offer financing options
Ather, a Bengaluru-based electric two-wheeler manufacturer, has taken a significant step by offering eligible customers up to 100% on-road financing for their EVs. Prior to this, Ather introduced a 60-month loan product in partnership with several banks, resulting in low monthly EMIs as low as Rs 2,999. Ather is the first two-wheeler EV manufacturer to offer such financing options. Find out more about the important statements made by the company and the banks involved, as well as details about the powertrain of the Ather 450X, in the article. Meanwhile, you can join our 91Wheels Whatsapp Group for all of such latest updates from the automotive industry.
Also Read: You Can Now Charge Your Ather 450X Base Variant Faster, Cheaper But...
Ather 450X: Partnerships with Leading Banks and NBFCs for 100% On-Road Financing
Ather Energy has formed strategic partnerships with several renowned banks and NBFCs, enabling them to provide up to 100% on-road financing for their electric two-wheelers. The collaborating institutions include IDFC First Bank, HDFC Bank, ICICI Bank, Bajaj Finance Ltd, Axis Bank, Hero FinCorp, and Cholamandalam Finance. These alliances have allowed Ather Energy to develop enticing loan products tailored to customer preferences.
Ather Energy has seen a big increase in the number of people who finance their electric scooters. This is because the company has made it easier to get financing, and there is more awareness and interest in electric vehicles. Ather Energy will soon launch a new electric scooter, the 450S, which will be more affordable than their other models. The 450S will also be available with 100% on-road financing, which means that you can finance the entire cost of the scooter, including registration and insurance.
Also Read: Ather 450X Scooter Can Not Be Charged More Than 80 Percent - We Tell You Why!
Ather 450X Gen 3: Variants, Price and Powertrain
The Ather 450X Gen 3 is the most advanced electric scooter in India and is available in two variants: standard and Pro Pack. The standard variant costs Rs 1,44,852, while the Pro Pack costs Rs 1,65,366. The Ather 450X Gen 3 is powered by a 6.4 kW peak power PMSM electric motor with a 3.7 kWh IP67 lithium-ion battery. The vehicle has a claimed top speed of 90 kmph and goes from 0 to 40 kmph in 3.3 seconds. It runs via a belt final drive. The lithium-ion battery takes 5 hours 40 minutes to charge fully on the Pro-pack variant and 15 hours 20 minutes to fully top up using a home charger on the standard variant. Some of its main rivals in India are - Ola S1 Pro, Simple One, & TVS iQube.
Verdict
Ather Energy's decision to offer 100% on-road financing is a positive step for the company and the electric vehicle industry as a whole. This will make it easier for more people to afford an electric scooter, which will help to boost the adoption of EVs in India. However, What are your thoughts on this ? Feel free to share your opinions in the comments section.
