Ather Energy, the country’s leading electric two-wheeler manufacturer, is going to launch a relatively affordable model keeping in mind the pockets of the middle-class buyers. Named – Ather 450S. Again, since the Center removed the subsidy from electric scooters and bikes, various companies are gearing up to provide two-wheelers in easy installments to the buyers. Ether is not far behind. The domestic company recently offered a five-year loan repayment period to buyers. This time, as a new step, Ether has announced 100 percent financing of the entire price of electric scooters.
Ather Energy is offering 100% finance on electric scooters
Ether has tied up with several banks and non-bank financial institutions to lend the entire purchase price of scooters to customers. These include – IDFC First Bank, HDFC Bank, ICICI Bank, Bajaj Finance Ltd, Axis Bank, Hero FinCorp and Cholamandalam Finance.
Ether is hopeful that the announcement of a 100 percent finance option with a 5-year loan repayment period will attract more buyers. Because the company thinks that it can reduce the impact of the price increase of scooters on the customers. According to Ether, the number of customers buying scooters on finance has increased six times compared to 2019.
Meanwhile, Ether has confirmed the launch date of their upcoming 450S model. It will be brought to the market on August 3. The e-scooter will be offered at a starting price of Rs 1.3 lakh. The company released its picture on social media platforms. Whereas the scooter features an LCD/TFT dash with Bluetooth connectivity.