Piaggio and SBI Signed an MoU to Offer Intrest Free Auto Loans in UP
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.
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Ashavshakti Auto E-Rickshaw EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹1.25L
Fuel Type
Electric
Motor
Electric Motor
Finance
Ashavshakti Auto E-Rickshaw 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
Ashavshakti Auto E-Rickshaw (₹1,25,000)
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Select CIBIL Range
Auto-adjusts interest rate
Estimated Monthly EMI
₹1,860
Calculated on ₹87,500 loan at 10% for 5 years.
Down Payment
₹37,500
Loan Principal
₹87,500
Total Interest
₹24,100
Total Cost
₹1,49,100
Cost Breakup
Down Payment
₹37,500
Amount paid upfront before finance starts.
Loan
₹87,500
Interest
₹24,100
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Change down payment, tenure and rate to see the monthly EMI update instantly.
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₹1,00,000₹1,25,000
₹
₹0₹25,000
%
7%25%
Yr
1 Year7 Years
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Recommended: 5 Years
Balances affordable EMI (₹1,860) with lowest total interest.
Lender Comparison— ₹87,500 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹1,796 |
SBI | 8.75% | ₹0 | ₹1,806 |
ICICI Bank | 9.1% | ₹3,999 | ₹1,821 |
HDFC Bank | 9.25% | ₹3,500 | ₹1,827 |
Axis Bank | 9.5% | ₹3,500 | ₹1,838 |
* 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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Ashavshakti Auto E-Rickshaw Price FAQs
What is the estimated ex-showroom price of the Ashavshakti Auto E Rickshaw?
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The estimated ex-showroom price for the Ashavshakti Auto E Rickshaw typically ranges from ₹1,20,000 to ₹1,50,000, varying slightly based on specific models and battery configurations. This competitive pricing makes it an attractive investment.
What is the on-road price of the Ashavshakti Auto E Rickshaw in major Indian cities?
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The on-road price of the Ashavshakti Auto E Rickshaw will include ex-showroom price, RTO registration, insurance, and other charges. Expect it to be around ₹1,35,000 to ₹1,70,000 in cities like Delhi, Mumbai, Bengaluru, and Chennai, varying by state taxes and subsidies.
Are there any government subsidies available that reduce the price of the Ashavshakti Auto E Rickshaw?
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Yes, the Ashavshakti Auto E Rickshaw is often eligible for various state and central government subsidies under schemes like FAME-II, which can significantly reduce the effective price for buyers. It's advisable to check current schemes applicable in your state.
What are the typical EMI options or financing available for purchasing the Ashavshakti Auto E Rickshaw?
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Banks and financial institutions offer attractive EMI options for the Ashavshakti Auto E Rickshaw, with down payments starting as low as 10-20% and flexible repayment tenures. This makes owning an Ashavshakti Auto E Rickshaw more accessible for operators.
How does the maintenance cost of the Ashavshakti Auto E Rickshaw compare to traditional auto-rickshaws?
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The maintenance cost of the Ashavshakti Auto E Rickshaw is considerably lower than traditional auto-rickshaws due to fewer moving parts and no engine oil changes. This translates to significant long-term savings for owners.
What is the approximate price of the Ashavshakti Auto E Rickshaw in cities like Lucknow or Patna?
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In cities like Lucknow and Patna, the approximate price of the Ashavshakti Auto E Rickshaw (on-road) could be in the range of ₹1,30,000 to ₹1,65,000, depending on local RTO charges and any specific state-level subsidies in Uttar Pradesh and Bihar.
Does the battery type affect the overall cost of the Ashavshakti Auto E Rickshaw?
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Yes, the battery type can affect the overall cost of the Ashavshakti Auto E Rickshaw. Models equipped with advanced Lithium-ion batteries typically have a higher upfront price compared to those with lead-acid batteries, but often offer longer life and faster charging.
Are there different variants of the Ashavshakti Auto E Rickshaw, and how do their prices differ?
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Yes, the Ashavshakti Auto E Rickshaw might come in basic and premium variants, or even cargo versions, which affect their prices. A premium passenger variant with better features or a cargo variant will generally have a slightly higher price point than the standard passenger model.