
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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Finance
Monthly EMI
₹2,068
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹1,997 |
SBI | 8.75% | ₹0 | ₹2,009 |
ICICI Bank | 9.1% | ₹3,999 | ₹2,025 |
HDFC Bank | 9.25% | ₹3,500 | ₹2,032 |
Axis Bank | 9.5% | ₹3,500 | ₹2,044 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The starting truck price in India for small commercial vehicles (SCVs) typically ranges from ₹4 lakhs to ₹8 lakhs, depending on the model, payload capacity, and features. These are generally ex-showroom prices and can vary significantly by city and state.
The on-road truck price in India includes the ex-showroom price, RTO registration charges, insurance, and other incidental charges like road tax. These additional costs, which vary by state and city, can significantly increase the final price you pay for your commercial vehicle.
The ex-showroom price is the basic cost of the truck at the dealership, excluding all taxes and registration fees. The on-road price is the final cost you pay, which includes the ex-showroom price plus RTO, insurance, and other local taxes and fees applicable in your region.
Yes, heavy-duty trucks are considerably more expensive due to their larger engines, higher payload capacities, and more complex engineering. Their truck price in India can range from ₹25 lakhs to over ₹50 lakhs, depending on the configuration and brand, reflecting their robust capabilities.
Common financing options include commercial vehicle loans from nationalized banks and NBFCs, offering flexible repayment plans tailored for businesses. Many dealerships also have tie-ups with financial institutions to provide easy loan processing, making truck price manageable for buyers in India.
Yes, the brand significantly impacts the truck price in India. Established brands like Tata, Ashok Leyland, and Mahindra often have a specific pricing strategy based on their market position, perceived reliability, advanced features, and extensive service network, influencing buyer trust and price.
Absolutely! The market for used trucks in India is quite robust, offering a more budget-friendly option for businesses. You can find good quality pre-owned trucks at a significantly lower price than new ones, making them a practical choice for many, especially start-ups or those with limited capital.
For a new medium-duty truck in India, you should typically budget between ₹15 lakhs to ₹25 lakhs for the ex-showroom price. This range varies based on the truck's configuration, engine power, specific applications, and the features included, so it's good to research models thoroughly.
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