
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
₹1.35L
Key Specifications
GVW
600 kg
Power
1 hp
Finance
Monthly EMI
₹2,008
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹1,939 |
SBI | 8.75% | ₹0 | ₹1,951 |
ICICI Bank | 9.1% | ₹3,999 | ₹1,967 |
HDFC Bank | 9.25% | ₹3,500 | ₹1,974 |
Axis Bank | 9.5% | ₹3,500 | ₹1,985 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The ex-showroom price of the Baba Icat Approved Loader E Cart starts at approximately ₹1,85,000 for the standard Lithium-ion variant. This competitive pricing makes it an attractive investment for businesses seeking efficiency.
The estimated on-road price of the Baba Icat Approved Loader E Cart in Delhi is approximately ₹2,05,000, which includes RTO registration, insurance, and other applicable charges. This price may vary slightly based on specific dealer offerings and current tax structures.
Yes, the Baba Icat Approved Loader E Cart price may be eligible for central government FAME II scheme subsidies and various state government EV policies, significantly reducing the effective purchase cost. We recommend checking with your local dealer for the latest subsidy information.
Several flexible financing options are available for the Baba Icat Approved Loader E Cart through leading banks and Non-Banking Financial Companies (NBFCs). You can explore attractive EMI schemes and loan facilities to manage the purchase price comfortably.
The overall cost of ownership for the Baba Icat Approved Loader E Cart is substantially lower than traditional fuel vehicles, primarily due to minimal fuel expenses and reduced maintenance requirements. This makes the electric cart a more economical choice over its lifespan, offsetting the initial price.
In Mumbai, the estimated on-road price for the Baba Icat Approved Loader E Cart is around ₹2,10,000, factoring in Maharashtra-specific RTO, insurance, and road tax. Local dealerships can provide the most accurate quote based on current regulations.
Yes, the estimated Baba Icat Approved Loader E Cart price on-road in Bengaluru is approximately ₹2,12,000. This includes all necessary taxes and registration charges specific to Karnataka.
For Chennai, the estimated on-road price of the Baba Icat Approved Loader E Cart stands at about ₹2,08,000, encompassing Tamil Nadu's RTO, insurance, and other regional costs. Please contact your nearest dealer for precise pricing.
Yes, the quoted Baba Icat Approved Loader E Cart price typically includes both the high-performance 48V 100Ah Lithium-ion battery and a standard charging unit. This ensures you have everything needed to operate the vehicle right from purchase.
Brochure
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Finance
Your estimated monthly EMI