
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
₹1.30L
Key Specifications
GVW
750 kg
Power
1 hp
Finance
Monthly EMI
₹1,934
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹1,868 |
SBI | 8.75% | ₹0 | ₹1,878 |
ICICI Bank | 9.1% | ₹3,999 | ₹1,894 |
HDFC Bank | 9.25% | ₹3,500 | ₹1,901 |
Axis Bank | 9.5% | ₹3,500 | ₹1,912 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The ex-showroom price typically ranges from INR 1.20 Lakhs to INR 1.50 Lakhs, depending on the specific model, battery type, and features offered by the manufacturer.
The on-road price, including registration, insurance, and taxes, usually falls between INR 1.40 Lakhs and INR 1.70 Lakhs, varying by state and local RTO charges.
Yes, there might be slight variants in terms of battery type (lead-acid vs. lithium-ion), motor power, or accessory options, influencing the final price point and features.
Banks and financial institutions offer various EMI plans, typically requiring a down payment and monthly installments over 1-3 years, making ownership accessible and manageable for buyers.
The resale value can be decent, especially if the battery is well-maintained. Demand for used e-rickshaws remains steady due to their low running costs and essential utility in urban transport.
Brochure
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Finance
Your estimated monthly EMI