Ather electric scooter can now be brought with a 5-year loan plan. Ather is now offering the e-scooter with a starting EMI of Rs 2,999 only.
KEY HIGHLIGHTS
- New 5-year loan scheme launched
- Customers can get a low EMI of just Rs 2,999
- New partnership with major loan lenders in India
Ather Energy has launched a new loan scheme for its customers. According to it, customers can now buy the Ather electric scooter with a loan tenure of up to 5 years. Earlier, this tenure was limited to 36 months. Now, the latest scheme offers low EMI rates of up to Rs 2,999. Read more details about this new scheme below. Meanwhile, you can join our 91Wheels Whatsapp Group for all of such latest updates from the automotive industry.
Also Read - Ather 450S Electric Scooter Debuts At Rs 1.30 Lakh - Ola S1 Air Rival?
Ather Electric Scooter 5-Year Loan Scheme Details
As per Ather, there is a big scope in EV sales in the coming future. However, the higher costs of buying need to be dealt with. Until now, Ather e-scooters could be brought on a loan tenure of a maximum of 3 years. Various Indian Banks & non-banking financial companies were offering the loan. Under some circumstances, this loan tenure was stretched up to 4 years as well. Now, Ather has introduced a 60-month loan tenure option. For this, Ather has clubbed with IDFC First, Bajaj Finance, & Hero FinCorp. With this, new customers can buy e-scooters with low EMI of up to Rs 2,999.
Mind you, Ather recently introduced its new affordable variant called 450S. It offers slightly less range & fewer features when compared to the 450X. However, its low pricing is going to be a major turnaround for sales as per the company. Ather launched the 450S with 115km of certified riding range and a top speed of 90 kmph. The 450S rivals Ola S1 Air and it is priced at Rs 1.30 lakh (excluding the state subsidy).
Verdict
The government of India recently reduced the FAME-II subsidy rates for EVs. Hence, electric scooters in India became more expensive. Ather witnessed a steep price hike of Rs 30,285 on its 450X range. Now, the 60-month loan tenure will help in hosting the dipping sales due to the high price.
Also Read - TVS iQube Electric Scooter Gets Dearer By Up To Rs 22,000 - Details
