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.
Finance
E-Ashwa E Auto EMI Calculator
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E-Ashwa E Auto (₹2,20,000)
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Down PaymentLoanInterest
Monthly EMI
₹3,273
Down Payment₹66,000
Loan Principal₹1,54,000
Total Interest₹42,380
Total Cost₹2,62,380
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Increase down payment by ₹50,000 → EMI drops by ₹1,063 and you save ₹63,780 in total interest.
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Recommended: 5 Years
Balances affordable EMI (₹3,273) with lowest total interest.
Lender Comparison— ₹1,54,000 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹3,160 |
SBI | 8.75% | ₹0 | ₹3,179 |
ICICI Bank | 9.1% | ₹3,999 | ₹3,205 |
HDFC Bank | 9.25% | ₹3,500 | ₹3,216 |
Axis Bank | 9.5% | ₹3,500 | ₹3,235 |
* 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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E-Ashwa E Auto Price FAQs
What is the approximate price of the E Auto in India?
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The ex-showroom price of the E Auto typically ranges from ₹3.60 Lakhs to ₹4.20 Lakhs in India, depending on the variant and battery capacity. This competitive price makes it an accessible option for commercial users.
How does the E Auto price compare with diesel cargo 3-wheelers?
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While the initial ex-showroom price of the E Auto might be slightly higher than some entry-level diesel 3-wheelers, its significantly lower running and maintenance costs quickly offset this. The long-term total cost of ownership (TCO) makes the E Auto price very attractive.
Are there any government subsidies or incentives that reduce the effective E Auto price?
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Yes, the E Auto is eligible for various state and central government subsidies under schemes like FAME-II, which can substantially reduce its effective purchase price for buyers. These incentives make the E Auto price even more appealing.
What is the estimated on-road price of the E Auto in major Indian cities?
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The on-road price of the E Auto can vary, but generally, it's around ₹3.80 - ₹4.50 Lakhs in cities like Delhi, Mumbai, and Bangalore. This includes RTO registration, insurance, and other charges on top of the ex-showroom price.
Does the battery warranty affect the overall long-term E Auto price?
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The E Auto comes with a robust battery warranty, typically 3 years or 80,000 km, which significantly reduces the long-term risk and potential replacement costs. This warranty ensures better value for the initial E Auto price.
Is financing available to purchase the E Auto, and what impacts the EMI?
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Yes, attractive financing options are available from leading banks and NBFCs for the E Auto purchase. The EMI will depend on the loan amount, interest rate, and repayment tenure, making the E Auto price manageable.
What is the E Auto price in Delhi, including subsidies?
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In Delhi, after factoring in FAME-II and potential state subsidies, the effective ex-showroom price of the E Auto can drop significantly, often making it available for an attractive price point of approximately ₹3.30 Lakhs to ₹3.80 Lakhs, depending on exact schemes.
What is the estimated price of the E Auto in Bangalore for fleet purchases?
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For fleet purchases in Bangalore, the E Auto price, including potential bulk discounts and state incentives, might hover around ₹3.90 Lakhs to ₹4.40 Lakhs (on-road). It's best to contact a local dealer for the precise fleet price.
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E-Ashwa E Auto EMI
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