Hey guys i wanted to start this thread to help people understand how the ownership of an EV is wuite different from an ICEscooter, and to help people accept the slight premium investment price tag of an EV over an ICE please share your rough calculation of the savings you’ve made since youve started riding your ather, comparing it to your previous Ice, bike scooter, whichever. Lets try to make each persons savings story as a single post so it’ll help potential EV adopters to understand the hugely reduced running costs of an EV
Ownership duration: 1 Yr 2Months - 6600Km
Total savings - 16,000 rupees ( in my case ) + the money I would have spent servicing my previous ICE bike = 19,0000 Rupees
Hi @Suraj_madhu, it’s a nice review. Though I don’t have my Series 1 delivered to me yet, I’ve made some calculations just to finalize my decision to buy Ather are as follows-
I’ve been scouting some options against Ather and I had finalized Suzuki Access BS6 which is priced at Rs. 98000 on road in Pune
My weekly running is around 200kms, which converts to monthly running as 800kms, and yearly running as 10000kms.
Now petrol cost in Pune right now is ₹90/ltr, with considering 50km/ltr mileage for new Access, I’ll roughly need around 200 ltrs of petrol which is ₹18000 for petrol expenses
Now for every 2000 kms I service my bikes with oil change, it costs me around 800/ service, so 5 servicings in a year which is ₹4000
Total running cost would be ₹22000/year
Per unit charge in Maharashtra is ₹4/unit till 100 units & ₹7/unit after 100-300 units. My monthly consumption is nearly 70 units for home use
As per above yearly running of 10000kms on Ather, if I charge Ather in a range of 20-90%, 450x will run around 55kms in this battery range, so per charge I’ll get 55kms mileage on Ather, so units consumed per 800km for a month or 15 charge cycles is 15X3units= 45units per month
Cost of 45 units/month is ₹225 (considered average rate of ₹5/unit), yearly cost ₹2700+ ₹2400 data connect + ₹2400 service plan= ₹7500/year
Difference would be 22000-7500= ₹14500/year So in 4 years I will cover my extra cost for Ather 450X
Even it is too long, I’m content with the numbers I ran, cause I would help save the environment, I will get to ride a superior scooter than Petrol one
For Suzuki access you mentioned on road price while for Ather, you mentioned ex-showroom price. Ather 450x price (₹ 1.6 lakhs) does not include insurance, road tax or registration charges. Based on Ather 450 calculations, Insurance for Ather 450x will be another ~₹ 9,000 in the first year. Each year insurance will be ~₹ 2,000 more than it is for access. Road tax waived off for EVs in Maharashtra but its still there in few states. In your case its nill.
Another important miss in your calculation is, you are paying Rs 70,000 extra (₹ 60,000 for ex-showroom + ₹10,000 for insurance), upfront for 450x over Access. At 6% FD interest, that amounts to ₹4,000+ per year.
So, the actual savings per year will be ₹ 22,000 - ₹7,500 - ₹2,500 (insurance) - ₹4,000 (FD interest) = ₹8,000 per year. That makes it takes more than 7 years to recover the extra cost in your case. For the people, with more usage per month it will come down to 5 to 6 years. For people with less usage, it will be 9 to 10 years.
Ather 450 used to be such a great option for majority and it was better in economic sense as well as it used to take 4 years for even with low usage to get the extra cost back. But with 50% price increase for 450x compared to 450, its never going to be a economic decision but emotional one.
I still wonder if there is a market for premium scooters in the country similar to bikes. Even in bikes only Royal Enfield (and KTM to some extent) proved to be successful. Remember, Ather is not trying to be some exclusive club of elite customers selling 2 to 3K vehicles per month.
Is the ather insurance issued for 1year or for 5years like you get it for petrol scooters.
The IRDAI had made long-term motor third-party insurance package (three years for four-wheelers and five years for two-wheelers) mandatory from September 1st, 2018. It was applicable for all two-wheelers including Ather 450. But in July this year, it withdrew this with effect from August 1st, 2020 as it was becoming unaffordable for vehicle buyers. So it is not mandatory to buy long-term third-party cover anymore. Only annual third-party coverage is mandatory (Ather 450 or any other two-wheeler for that matter).
I agree that the final goal of ather isn’t to just be the club of elite customers. But I think Tarun said it somewhere that the idea of bringing a high cost low volume vehicle as proof of concept and then moving to a low price high volume product is always the right way to start off. And 450X is just a stepping stone in that direction and I think the 450 wasnt exactly the premium product they were looking for that can make them good profits and get them going. Also
I don’t think you took into account the added features and performance. It’s not just about breaking even with the 450X. It’s better to compare the performance with a 150cc scooter like the Aprillia and even with that you won’t be able to match the kind of features that only come in 10+ lakh bikes. But in your case you’ve moved from one segment to a segment higher.
Are you sure with those numbers? I got a 5 year insurance for 9k for my 450
Which insurer is providing 1st party insurance for 5 years at a time. My estimates are based on insurance mentioned on Ather website for 450 which costs 5,778 for 1 year own damage & nill dip and 5 year third party insurance.
Another estimate is from Bike Dekho website for RE Classic 350 which has ex-showroom price of Rs 1.6 lakh (same as 450x) and insurance estimation is Rs ~9000.