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<ul><li><keyword id="7801263" type="UNKNOWN" weightage="20" keywordseo="tork-6x">Tork 6X</keyword> is likely to be ₹55,056 more expensive than Super Splendor, but will save ₹58,364 in running costs over 50,000 kms. </li><li>The users can breakeven on the higher initial costs of Tork 6X in 4 years. </li><li>Users can breakeven from the higher costs of electric scooter Ather S340 in 1.6 years, when compared to Honda Activa. </li><li>Electric scooters have become cheaper than petrol scooters as the life of lithium ion battery is 15 years while that of a petrol scooter is 10 years. </li></ul>Fewer Indians are open to the idea of hybrid or <keyword id="6354973" type="UNKNOWN" weightage="20" keywordseo="electric-vehicles">electric vehicles</keyword>. Apart from trying the unknown, consumers are held back by fewer models along with prohibitive costs of electrical vehicles. The good news is that the costs are coming down. While the purchase price tag is high, the government eases this burden with incentives. In addition, the running costs of an electric vehicle, particularly two-wheelers, can provide enormous cost savings. Here is some math to support the theory. Tork 6X versus Super Splendor A report by Kotak Institutional Equities pegged the top most purchased motor bike Hero’s Super Splendor against a popular electric vehicle Tork 6X. Tork 6X is likely to be ₹55,056 more expensive than Super Splendor, even after adding in government incentives. But, it will also save running costs to the user by ₹58,364 in over 50,000 kms. Electric bike users can breakeven on the higher initial costs of Tork 6X in 4.7 years, on an average. If due to some reason the government decides to rescind the benefits, the breakeven time can move up to 6.6 years. There is something else that will weigh in favour of electric vehicles. The new BS-VI emission norms will kick in next year and make petrol bikes costlier by ₹7,000. It will truncate the time taken to breakeven to four years. However, the breakthrough in ownership of electric vehicles will be in 2030 when Kotak expects the electric battery costs to fall. “Currently the shift towards electric bikes is not significant because of lack of product availability in the market while the bigger players like Hero, Honda, Bajaj and <keyword id="87196" type="DOMAIN" weightage="20" keywordseo="TVS-Motors">TVS Motors</keyword> haven’t launched electric bikes. However most of these players are planning to launch electric bikes over the next 2-3 years,” the Kotak report said. Electric Scooters to be cheaper Scooter users might find it much easier to shift to electric vehicles as the total cost of ownership tilts heavily in favour of them. Considering increased price of normal scooters after new emission norms kick in, the breakeven between electric scooter Ather S340 and the most sold scooter, Honda Activa is pegged at 1.6 years. Also, the life of an electric scooter is much higher than a petrol scooter, making it a wiser option in the long run. “In terms of cost of ownership, electric scooters have become cheaper than petrol scooters as the life of lithium ion battery is 15 years while the life of a petrol scooter is 10 years,” the Kotak report says. Yet, electric bikes are yet to catch the fancy of the market. But, the shift to electric vehicles is inevitable. “The automobile industry is at the cusp of a revolution with adoption of cleaner vehicles (electric and <keyword id="935925" type="PERSON" weightage="20" keywordseo="plug-in-hybrid">plug-in hybrid</keyword>) over petrol/diesel vehicles. We expect 28% of automobiles (except commercial vehicles) in India to shift to EVs by 2029-30 with scooters and three-wheelers adopting electric much faster than other segments,” the report said.

Hero’s Super Splendor versus electric motorcycle Tork 6X: Here’s how much money an EV can save in the long run

<ul><li>Ratan Tata, the former chairman of <keyword id="6355725" type="COMPANY" weightage="20" keywordseo="tata-group">Tata group</keyword> joined <keyword id="819905" type="COMPANY" weightage="20" keywordseo="Instagram">instagram</keyword>. </li><li>He accrued as many as 2780 followers within 46 minutes. </li><li>His latest investment is into Tork Motors — an electric vehicle startup. </li></ul>Ratan Tata, the chairman emeritus of Tata group, joined instagram on Wednesday evening (i.e 30, October). As many as 2,780 followers within 46 minutes of joining the platform. “I don’t know about breaking the Internet, but I am so excited to join all of you on Instagram! After a long absence from public life, I look forward to exchanging stories and creating something special with such a diverse community!,” <a href="https://www.instagram.com/ratantata/?hl=en">said</a> Tata in his first post. <div type="twitter" handle="RNTata2000" handlename="Ratan N. Tata" image="http://pbs.twimg.com/profile_images/1189494401359208448/AwbXHtpn_normal.jpg" favoritecount="6320" retweetcount="610" status="I don’t know about breaking the internet, but I am so excited to join all of you on Instagram (ratantata)! After a… https://t.co/XbqATJSOyK" createdat="1572432453000" id="1189494040099614720"></div>
 Tata is among the world’s most influential industrialists. After heading the $100 billion Tata Group — India’s largest conglomerate — for 24 years, he turned a serial investor. The 81 year old invested his private wealth in 30 startups, and is constantly adding to the list. His latest investment is into Tork Motors — an electric vehicle startup. Tork Motors will introduce its flagship motorcycle, T6X in the coming months. Instagram has seen several celebrity debuts this month<a href="https://www.businessinsider.in/entertainment/news/jennifer-aniston-joined-instagram-broke-it-and-set-a-guinness-world-record-all-in-less-than-6-hours/articleshow/71623268.cms"> including Hollywood sweetheart Jennifer Aniston. </a> She accrued one million followers in just 5 hours and 16 min, setting a Guinness as the fastest Instagram account to reach the milestone. See also: <a href="https://www.businessinsider.in/entertainment/news/jennifer-aniston-joined-instagram-broke-it-and-set-a-guinness-world-record-all-in-less-than-6-hours/articleshow/71623268.cms">Jennifer Aniston joined Instagram, broke it, and set a Guinness World Record - all in less than 6 hours</a> <a href="https://www.businessinsider.in/ratan-tatas-most-inspirational-quotes-on-life-business-and-culture/articleshow/71048568.cms">Ratan Tata's most inspirational quotes on life, business and culture</a>

Ratan Tata joins Instagram and gets almost 3,000 followers within an hour

<ul><li>His latest investment is into Tork Motors — an electric vehicle startup. </li><li>Before this, Tata invested in taxi aggregators, e-vehicle makers to jewellery lines. </li><li>And, he has made good bets too, as the valuations of all the startups he backed, have zoomed. </li></ul>After heading the $100 billion Tata Group — India’s largest conglomerate — for 24 years, <keyword id="6360722" type="UNKNOWN" weightage="20" keywordseo="ratan-tata">Ratan Tata</keyword> has turned a serial investor. The 81 year old invested his private wealth in 30 startups, and is constantly adding to the list. His latest investment is into <a href="https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/ratan-tata-to-invest-in-tork-motors/articleshow/71580081.cms">Tork Motors </a>— an electric vehicle startup. Tork Motors will introduce its flagship motorcycle, T6X in the coming months. Tata is among the world’s most influential industrialists. He set up a RNT Associate in 2009, three years before retiring from Tata Sons. Since then, Tata invested in taxi aggregators, e-vehicle makers to jewellery lines. And, he has made good bets too, as the valuations of all the startups he backed, have zoomed. "The thing that I am intrigued by first is a start-up that has an interesting concept which excites me. If it doesn’t excite me, I really don’t need to make an investment in that company," said Tata. Being associated with the Tata name also brought the much-needed endorsement for other investors into these ventures. "His involvement is really inspiring when it comes to existing employees and even attracting top talent,” says Nidhi Agarwal, founder of startup Kaaryah who also managed to bring Tata on-board, as an advisor. Here are some of the startups he invested in: 
	<div type="Slideshow" msid="71592841" hostid="261" title="One of India's oldest billionaires is a serial investor in startups" firstImageMsid="71592843" slideCount="7"></div>

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Hero’s Super Splendor versus electric motorcycle Tork 6X: Here’s how much money an EV can save in the long run

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Ratan Tata joins Instagram and gets almost 3,000 followers within an hour

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One of India's oldest billionaires is a serial investor in startups

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