Pricing and Changes

[magneta]

@magneta

What deductions could be there after 36 month leasing?

1. Battery discharge more than Ather calculation. 2)worn out bearing/suspensions. 3)Scratched digi screen
2. worn out rubber materials including tyres
3. reduced luminosity of lights and scratches on their covers
4. scratches on plastic body covers. 7)worn out foot steps, foot rest area, seat, handle grips, mirrors
5. lastly reduced motor performance.

Could you get any answers for these? Just curious.

[mehtast (Sachin)]

Yes, the vehicle is comprehensively covered for insurance.

[kumaranchal]

Here is a quick comparison of Lease vs Loan for different downpayment options over a span of 3 years. Will help you work out which option works for you best.

[mehtast (Sachin)]

Should Ather launch a newer version or an enhanced battery version 18 months from the date of delivery - what would be the best option then? Could you help with your analysis…

[subramanian.g (Subbu)]

@magneta, @phanindrabharath Sharing Autovert’s responses to queries on post-lease deductions, the inclusion of insurance cost and GST, and foreclosure of lease below.

@magneta

What deductions could be there after 36 month leasing?

1. Battery discharge more than Ather calculation. 2)worn out bearing/suspensions. 3)Scratched digi screen
2. worn out rubber materials including tyres
3. reduced luminosity of lights and scratches on their covers
4. scratches on plastic body covers. 7)worn out foot steps, foot rest area, seat, handle grips, mirrors
5. lastly reduced motor performance.

Deductions at the end of 36 months:

1. No deductions for standard wear and tear - i.e. tyres, brakes, handle grips, rubber parts etc.
2. No depreciation fee or any other charges on reduced battery performance (if any at all)
3. Only in cases where there is visible damage/ abuse to the vehicle, there will be some deductions, which however is capped to Rs.5,000/-

@magneta

Whether, GST is extra on leasing or the quote mentioned is inclusive of GST?!

All rentals mentioned include GST

@phanindrabharath

I would like to know for a senario where I had leased for 24 months and returned the vechile with in 12 months. (Pre-closer of the contract)

1. The lock-in period is only for 12 months, after that the customer is free to exit anytime
2. If a customer chooses to pre-close within 12 months, then the 12-month rental will be due (adjusted with the down-payment)

Illustration: Downpayment - Rs.40,000/ and exits at the end of 9 months

@magneta

Includes insurance cost also?

The vehicles are covered for insurance for the entire period of the lease. The customer does not pay for any insurance (~Rs.15,000/ in a 3 year period). However, in case of own damage (including wilful damage/ abuse/ negligent maintenance etc.), where the damages are determined to be below Rs.5000/, the customer is liable to bear the cost.

[subramanian.g (Subbu)]

hey @srinivas29, for all those who pre-ordered an Ather scooter on or before 31-Oct-2018, Ather One will be free during the first year of ownership. For those who have pre-ordered on or after 1-Nov-2018, Ather Service will be free during the first year of ownership. We sent you an update email about it on 1-Nov-2018.

@srinivas29

They are still offering unlimited public charging but removed reimbursement of home charging. So can Ather confirm that the folks who pre ordered early get Ather one for the first year.

Ather One is a comprehensive plan and will include home charging reimbursement as well as unlimited public charging.

PS- If a pre-order customer chooses to go for the lease option, Ather One will be part of the monthly rental fee through the tenure of the lease regardless of when the customer pre-ordered (as indicated on the website).

[47chandans]

Hey, @kumaranchal thanks a lot for the analysis which you have done…
I think I am gonna go for loan option cuz I don’t want to pay 1.5lac for a vehicle just for 3 yrs…
I would prefer using for minimum 6 yrs! which will cost me around 2+ lacs if I am right with the Ather Connect subscription.

[sameerasy7]

The more important thing is, Ather would have released a new model at least by 3 years from now since they would know some downsides or upon the feedback of the existing riders. Battery deterioration is a main thing we need to consider. Going by all these, I think lease option with 75k upfront is the best choice.

[mehtast (Sachin)]

I agree. This is what I concluded with yesterday as there is bound to be rapid technology improvements in battery technology…For eg: even a 30% improvement in charging time or increased mileage per charge in the upcoming models as opposed to being stuck with a replacement of a 3 year old deteriorated battery with older specifications.

[magneta]

Lot’s of query coming to mind in bits and pieces.

Please clarify whether the following are covered under lease:-

"replenishment of consumables and replacement of parts like fused lights, worn tyres, worn brake pads, drive belt, bearings, suspensions, brake cables, electric cables, switches, replacement of battery etc., ".

What about issues like broken mirrors etc?

[phanindrabharath]

130k+19k is only for the scooter!
+19K for what?

It should be 1,30,714 - 5000 (Booking amt).
And Also the 9K subscription is after 1 year.

[47chandans]

I opt for the loan so that’s the interest!
yeah i calculated the price for 3-4 years

[madhusudhan.rs]

Fame 1 subsidies extended for a period of 6 months upto March 2019 as of now.

Modi Government delays FAME 2 by 20 months: Phase-1 extended for electric...

[sandeepnvp (Sandeep Prakashkumar)]

Hi subramanian,

Thanks for the info.
I wanted to know if this lease agreement is formalized with all the Terms and conditions… If yes… Is it possible to share a draft copy, so that it will help us to know what is covered and not during lease period…

Thanks in advance…

[Harsha (Harsha Kashinath)]

@Ather.Team Will the leased vehicle number plate be white board or yellow board?

[anish.ts]

It should be green board

[varun1_234 (Varun TS)]

What would be the price of 450 after the pre-orders ends?
And would the price increase, in coming years, or are there chances of price rise, considering the improvements & addition/changes in new features?

[magneta]

What could be colour of letters?

[anish.ts]

[hemanth.anand (Hemanth H A)]

Electric personal vehicles-Green background White font
Electric commercial vehicles-Green background Yellow font
Rule applicable since August 2018