Piaggio and SBI Signed an MoU to Offer Intrest Free Auto Loans in UP
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Altigreen neEV Rahi EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹4.50L
Fuel Type
Electric
Motor
BLDC 3-Phase Electric Motor
Finance
Altigreen neEV Rahi EMI Calculator
Select variant, adjust loan details, compare scenarios and review full repayment details.
Truck Price
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Price will update the EMI estimate
Altigreen neEV Rahi (₹4,50,000)
Credit Score
Select CIBIL Range
Auto-adjusts interest rate
Estimated Monthly EMI
₹6,693
Calculated on ₹3,15,000 loan at 10% for 5 years.
Down Payment
₹1,35,000
Loan Principal
₹3,15,000
Total Interest
₹86,580
Total Cost
₹5,36,580
Cost Breakup
Down Payment
₹1,35,000
Amount paid upfront before finance starts.
Loan
₹3,15,000
Interest
₹86,580
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Loan inputs
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Change down payment, tenure and rate to see the monthly EMI update instantly.
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₹1,00,000₹4,50,000
₹
₹0₹3,50,000
%
7%25%
Yr
1 Year7 Years
Down Payment Insight
Increase down payment by ₹50,000 → EMI drops by ₹1,062 and you save ₹63,720 in total interest.
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Recommended: 5 Years
Balances affordable EMI (₹6,693) with lowest total interest.
Lender Comparison— ₹3,15,000 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹6,463 |
SBI | 8.75% | ₹0 | ₹6,501 |
ICICI Bank | 9.1% | ₹3,999 | ₹6,555 |
HDFC Bank | 9.25% | ₹3,500 | ₹6,578 |
Axis Bank | 9.5% | ₹3,500 | ₹6,616 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
- Processing fee and other loan charges are not included in this calculation.
- The calculated EMI assumes 10% interest rate. Actual rate may vary based on your credit profile and lender.
- Loan approval is at the sole discretion of the finance partner.
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Altigreen neEV Rahi Price FAQs
What is the on-road price of the Altigreen Neev Rahi in India?
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The on-road price of the Altigreen Neev Rahi in India varies by city and state, considering RTO charges, insurance, and potential subsidies. It's best to contact your nearest Altigreen dealer or visit TruckOnWheels for the most accurate and up-to-date pricing details. This will give you the precise truck price in India for your location.
Does the Altigreen Neev Rahi qualify for any government subsidies or FAME II incentives?
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Yes, as a recognized electric commercial vehicle, the Altigreen Neev Rahi is typically eligible for government subsidies under schemes like FAME II. These incentives can significantly reduce the effective truck price in India, making it a more attractive investment. Be sure to inquire about current subsidy benefits.
What are the typical financing options available for purchasing the Neev Rahi?
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Various financing options are available for purchasing the Altigreen Neev Rahi, including loans from leading banks and NBFCs. Many dealerships also offer flexible EMI plans to make owning this electric truck more accessible. Discussing these options with a dealer will help you understand the total truck price and repayment structure.
How does the Altigreen Neev Rahi's price compare to other small electric commercial vehicles?
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The Altigreen Neev Rahi offers a competitive price point within the small electric commercial vehicles segment, especially considering its advanced features and robust build. When factoring in government subsidies and significantly lower running costs, its overall value proposition is very strong. It's often seen as a cost-effective alternative.
What is the estimated running cost per km for the Altigreen Neev Rahi?
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The Altigreen Neev Rahi boasts extremely low running costs per kilometer, typically a fraction of what diesel small commercial vehicles incur. This is due to the lower cost of electricity compared to fuel, making it highly economical for daily operations. This is a major factor in the overall truck price in India.
Are there any additional costs like battery replacement or maintenance to consider for this electric truck?
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While the Altigreen Neev Rahi requires minimal routine maintenance compared to ICE vehicles, it's wise to factor in potential long-term battery replacement costs, although battery life is extensive. Many manufacturers offer warranties on batteries, and overall maintenance is generally lower. This contributes to a lower total cost of ownership for the electric commercial vehicle.
What is the resale value of the Altigreen Neev Rahi?
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The resale value of electric commercial vehicles like the Altigreen Neev Rahi is steadily growing in the Indian market as adoption increases. Factors like battery health, vehicle condition, and market demand will influence its resale price. As an early leader in the segment, it's expected to hold good value.