
Piaggio and SBI will finance three-wheelers in UP at 0% interest under CM Yuva Yojana. Here's the real math, who qualifies, and how to apply first.

Ex-Showroom Price
₹84.00 K
Key Specifications
GVW
600 kg
Power
1 hp
Finance
Monthly EMI
₹1,250
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹1,207 |
SBI | 8.75% | ₹0 | ₹1,214 |
ICICI Bank | 9.1% | ₹3,999 | ₹1,224 |
HDFC Bank | 9.25% | ₹3,500 | ₹1,228 |
Axis Bank | 9.5% | ₹3,500 | ₹1,235 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The estimated on-road price typically ranges from Rs. 1.20 lakh to Rs. 1.70 lakh, varying by city, battery type, and local taxes.
Yes, passenger and cargo variants exist. Passenger models may have different battery options impacting price, with cargo models often slightly higher due to specific modifications.
Many dealerships offer flexible EMI plans with down payments and monthly installments. Financing options from banks and NBFCs are widely available for buyers.
Resale value is generally fair, depending on maintenance, battery condition, and market demand. Well-maintained e-rickshaws hold good value in India.
Usually, the listed price includes the battery. However, always confirm with the dealer, as some schemes might offer battery-as-a-service or separate purchase options.
Brochure
Download for detailed specs, features & prices.
Finance
Your estimated monthly EMI