
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
₹63.00 K
Key Specifications
GVW
318 kg
Power
1 hp
Finance
Monthly EMI
₹937
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹905 |
SBI | 8.75% | ₹0 | ₹911 |
ICICI Bank | 9.1% | ₹3,999 | ₹918 |
HDFC Bank | 9.25% | ₹3,500 | ₹921 |
Axis Bank | 9.5% | ₹3,500 | ₹927 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The on-road price typically ranges from Rs 1.20 lakh to Rs 1.60 lakh in India, varying by city, dealer, and specific model features.
Yes, basic cargo, passenger, and specialized variants exist. Prices vary based on battery type, motor power, and additional features, impacting the final cost.
EMI options are available through various financers, usually requiring a down payment of 20-30% of the ex-showroom price. Terms vary by lender.
Resale value depends on battery condition, overall maintenance, and market demand. Well-maintained units can fetch a decent price, especially with good battery life remaining.
Yes, various state governments and the central FAME-II scheme often offer subsidies on electric vehicles, significantly reducing the effective purchase price.
Brochure
Download for detailed specs, features & prices.
Finance
Your estimated monthly EMI