Moneycontrol PRO
HomeNewsTechnologyAutoAther 450 and 340 prices drop after GST rate cut - here's how much they cost now

Ather 450 and 340 prices drop after GST rate cut - here's how much they cost now

The price cut was announced after the GST council announced that it will be reducing the GST on electric vehicles from 12 per cent to 5 per cent.

August 05, 2019 / 17:13 IST

Ather Energy recently cut down the prices of its products by a significant amount, following a drop in GST rates for electric vehicles in India. The Ather 450 got a price drop of Rs 9,000, while the Ather 340 got its price dropped by Rs 8,000.

The price cut was announced after the GST council announced that it will be reducing the GST on electric vehicles from 12 percent to 5 percent. It also reduced the GST on EV chargers by 13 percent, such that the new rate is 5 percent.

Ather Energy is a Bangalore-based Indian startup which specialises in electric vehicle manufacturing. It recently entered the two-wheeled electric vehicles race with two models, the Ather 450 and the Ather 340. Both the e-scooters share a BLDC electric motor, with different power outputs.

The Ather 340 was the first e-scooter developed by the company and the 450 followed soon after the engineers realised, they could extract more power from the motor. The Ather 340 makes a sustained power of 2.8 kW, with power peaking at 4 kW and an instant torque of 20 Nm. The 450 makes 3.3 kW of sustained power, 5.4 kW of peak power and 20.5 Nm of peak torque.

The Ather 450 will be sold at Rs 1.13 lakh while the Ather 340 will cost Rs 1.02 lakh in Bangalore(on-road). In Chennai, the Ather 450 will be sold at Rs 1.22 lakh and the Ather 340 will cost Rs 1.10 lakh(on-road).

Moneycontrol News
first published: Aug 5, 2019 04:37 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347