Tork Motors partners with CredR to exchange used 2-wheelers for new KRATOS – ET Auto

CredR will evaluate the exchange vehicle as per its proprietary inspection on 120+ checkpoints to derive the best-selling value.

New Delhi: Tork Motors, the manufacturer of KRATOS and KRATOS-R brands of electric motorcycles, has partnered with CredR, an omni-channel consumer brand for buying and selling used two-wheelers.

Under this partnership, customers will be able to exchange their old two-wheelers on CredR’s platform to buy a new KRATOS, offering best-in-class solutions with transparency, genuineness, and accuracy, Tork Motors said in media release.

CredR will evaluate the exchange vehicle as per its proprietary inspection on 120+ checkpoints to derive the best-selling value. The exchange value will be discounted from KRATOS’ buying price. The customer will have to pay only the differential amount to own a new KRATOS or KRATOS-R. The offer is currently applicable in Pune and Bengaluru, the release added.

Tork Motors launched its flagship products – KRATOS and KRATOS-R in January, this year. KRATOS is priced at INR 1,22,499 [ex-showroom after subsidy in Maharashtra] and is available in white colour only. The KRATOS-R is priced at INR 1,37,499 [ex-showroom after subsidy in Maharashtra]; and comes in four colour options white, blue, red and black.. Consumers can book KRATOS and KRATOS-R online at the company’s official website.

Kapil Shelke, founder and CEO of Tork Motors, said, “This one of its kind proposition is designed especially for Tork Motors’ customers to own the electric motorcycle – KRATOS. The collaboration is intended to offer easy accessibility and solution for a cleaner and better mode of transport, along with an element of convivial riding. With CredR, we aim to reach out to more consumers, who are looking to upgrade their current two-wheelers, through a better price proposition. We will continue to partner with key players in the industry to ensure that the electric motorcycles segment is accessible and goes to larger areas in the country.”

Sasidhar Nandigam, co-founder and CEO of CredR, said, “Motorcycle segment is one of the key sectors of the overall automotive Industry. While electric motorcycles are gaining momentum in the rapidly growing EV sector, it has been our endeavour to offer easy access to one of the best electric motorcycle brands in the country. This customer-centric affiliation offers hassle-free accessibility to own the Tork KRATOS, with a simple process. This will also help bring in a paradigm shift in the electric motorcycle market of the overall EV space in India.”

The collaboration will provide customers a hassle-free exchange of their used vehicles at the nearest Tork Motors dealership. After handing over their vehicles, customers can buy new KRATOS, the release said.

Also Read:

Mercedes Benz, Audi and BMW have all seen demand spike in this nascent segment, leading to a waiting period of up to six months for these models. Growing awareness of environmental concerns, supported by higher disposable income, is believed to be driving demand for EVs in the luxury car segment.

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