Before you start the application process, please make sure
a. You are above 21 years of age
b. Your Monthly income is more than Rs.30,000
c. You have the following eKYC documents ready to upload
i) AADHAR Card
ii) PAN Card
iii) Driving License
d. Latest Bank Statement – Original downloaded statement from the bank
e. If you are salaried – Last 3 months payslip or Income Tax Returns (ITR) for the last 2 years
Photon LP, on-road price ₹85,990
|RTO/ Other Charges||₹(2,750)||(Saving)||₹2,750|
|Loan EMI – 24 Months||₹68,516|
|Monthly Subscription – 24 Months||₹82,464|
|Comprehensive Insurance Year 1||₹(4,500)||(Saving)||₹4,500|
|Comprehensive Insurance Year 2||₹(2,100)||(Saving)||₹2,100|
|Service & Maintenance Year 1||₹(1,000)||(Saving)||₹1,000|
|Service & Maintenance Year 2||₹(1,000)||(Saving)||₹3,000|
|Total Cost of Ownership||₹95,364||₹108,866|
|NET SAVING COMPARED TO LOAN||₹13,502|
What’s Autovert Plug?
This is a new age alternative ownership model, where you subscribe
to a new vehicle for a period of 24 months, after which you have the
option of owning it or upgrading to a new Hero Electric Vehicle.
Autovert acts as an asset manager of your vehicle, taking away
all the ownership hassles from you !
No hassles of Ownership
From a simple and quick digital onboarding process to maintaining your vehicle over a 24 month period, owning a vehicle has never been easier. An all inclusive monthly subscription fee covers all that is needed to take care of your vehicle for 24 months and beyond. No more worries about paying for/ renewing your insurance, no more worries about maintenance or warranties on the vehicle as these are taken care of under the subscription plan. What’s even better is that you don’t have to pay any vehicle registration or RTO charges when the vehicle is delivered to you.
The subscription plan has no restrictions on how many kilometers you can use for in the 24 months. No extra charges for excess usage, so you can enjoy the green kilometers as much as you can imagine.
Comprehensive Full Vehicle Insurance
The vehicle is fully insured for a full period of 24 months under a comprehensive insurance plan, which also includes multiple benefits specifically designed for you like emergency medical protect, pillion protect and fire damage to the vehicle. Yes! this is all included in the subscription fee. After 24 months, the third party insurance will still be valid for another 36 months!
Service and Maintenance
The subscription plan covers service and maintenance benefits through the 24 month plan, this includes
- 5 scheduled services free in the 24 months – to be done at an interval of 5000 kms (or 6 month interval)
- This will cover standard charges for service and maintenance (except consumables and repair of damaged parts)
- These scheduled services are offered jointly with Hero/ Dealership
If you decide to upgrade to another Hero Electric vehicle at the end of 24 months – you are eligible for a loyalty exchange program valued upto 30% of the down-payment made by you.
Low Retention Fee
At the end of 24 months, you have the option of retaining the vehicle with small fee of only Rs.5,000/