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.
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Truck loan planning
Eko Tejas RUGD-151 EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹1.39L
Fuel Type
Electric
Motor
Electric Motor
Finance
Eko Tejas RUGD-151 EMI Calculator
Select variant, adjust loan details, compare scenarios and review full repayment details.
Truck Price
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Eko Tejas RUGD-151 (₹1,39,000)
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Auto-adjusts interest rate
Estimated Monthly EMI
₹2,068
Calculated on ₹97,300 loan at 10% for 5 years.
Down Payment
₹41,700
Loan Principal
₹97,300
Total Interest
₹26,780
Total Cost
₹1,65,780
Cost Breakup
Down Payment
₹41,700
Amount paid upfront before finance starts.
Loan
₹97,300
Interest
₹26,780
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Change down payment, tenure and rate to see the monthly EMI update instantly.
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₹1,00,000₹1,39,000
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₹0₹39,000
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Recommended: 5 Years
Balances affordable EMI (₹2,068) with lowest total interest.
Lender Comparison— ₹97,300 · 5 yr · 10% base
| 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.
- 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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Eko Tejas RUGD-151 Price FAQs
What's the typical starting truck price in India for small commercial vehicles (SCVs)?
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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.
What factors influence the on-road truck price in India?
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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.
How does the ex-showroom price differ from the on-road price for a truck?
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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.
Are heavy-duty trucks significantly more expensive than light commercial vehicles?
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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.
What are the common financing options available for buying a truck in India?
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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.
Does the brand affect the truck price in India, and how?
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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.
Can I find good quality used trucks at a lower price in India?
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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.
What budget should I consider for a new medium-duty truck in India?
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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.