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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Thukral Electric ER-1 SS EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹1.10L
Fuel Type
Electric
Motor
BLDC Motor
Finance
Thukral Electric ER-1 SS EMI Calculator
Select variant, adjust loan details, compare scenarios and review full repayment details.
Truck Price
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Price will update the EMI estimate
Thukral Electric ER-1 SS (₹1,10,000)
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Select CIBIL Range
Auto-adjusts interest rate
Estimated Monthly EMI
₹1,637
Calculated on ₹77,000 loan at 10% for 5 years.
Down Payment
₹33,000
Loan Principal
₹77,000
Total Interest
₹21,220
Total Cost
₹1,31,220
Cost Breakup
Down Payment
₹33,000
Amount paid upfront before finance starts.
Loan
₹77,000
Interest
₹21,220
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Change down payment, tenure and rate to see the monthly EMI update instantly.
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₹1,00,000₹1,10,000
₹
₹0₹10,000
%
7%25%
Yr
1 Year7 Years
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Recommended: 5 Years
Balances affordable EMI (₹1,637) with lowest total interest.
Lender Comparison— ₹77,000 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹1,580 |
SBI | 8.75% | ₹0 | ₹1,590 |
ICICI Bank | 9.1% | ₹3,999 | ₹1,603 |
HDFC Bank | 9.25% | ₹3,500 | ₹1,608 |
Axis Bank | 9.5% | ₹3,500 | ₹1,618 |
* 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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Thukral Electric ER-1 SS Price FAQs
What is the ex-showroom price of the Thukral Electric Er 1 Ss in India?
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The ex-showroom price of the Thukral Electric Er 1 Ss typically ranges from approximately ₹2.80 Lakhs to ₹3.20 Lakhs in India. This price can vary slightly based on the specific variant and battery configuration.
What is the estimated on-road price of the Thukral Electric Er 1 Ss in major Indian cities?
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The estimated on-road price of the Thukral Electric Er 1 Ss can range from ₹3.00 Lakhs to ₹3.50 Lakhs. This price includes RTO charges, insurance, and other local levies, varying by city.
Are there any government subsidies available that reduce the price of the Thukral Electric Er 1 Ss?
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Yes, the Thukral Electric Er 1 Ss is eligible for various state and central government subsidies under schemes like FAME-II, which can significantly reduce its effective price. These subsidies make the vehicle more affordable for buyers.
What is the price of the Thukral Electric Er 1 Ss in Delhi?
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In Delhi, the ex-showroom price for the Thukral Electric Er 1 Ss starts from around ₹2.85 Lakhs, with the on-road price typically falling in the range of ₹3.05 Lakhs to ₹3.40 Lakhs after applying eligible subsidies. The final price may vary.
How does the price of the Thukral Electric Er 1 Ss compare to other electric 3-wheelers?
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The price of the Thukral Electric Er 1 Ss is competitive within the electric 3-wheeler cargo segment, offering a strong balance of features, performance, and affordability. Its long-term savings often justify the initial purchase cost.
What is the price of the Thukral Electric Er 1 Ss in Mumbai?
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The ex-showroom price of the Thukral Electric Er 1 Ss in Mumbai is roughly ₹2.90 Lakhs, and the on-road price can be estimated between ₹3.10 Lakhs and ₹3.45 Lakhs. Local taxes and subsidies will influence the final price.
Does the battery type significantly impact the overall price of the Thukral Electric Er 1 Ss?
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Yes, the type of battery, especially if it's a high-performance Lithium-ion unit, is a key component affecting the overall price of the Thukral Electric Er 1 Ss. While initial cost might be higher, it offers better range and lifespan.
What financing options are available to help manage the price of the Thukral Electric Er 1 Ss?
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Various financing options, including loans from banks and NBFCs, are available to help manage the purchase price of the Thukral Electric Er 1 Ss. Many financial institutions offer attractive schemes specifically for electric commercial vehicles, making the cost more manageable.
What is the approximate price of the Thukral Electric Er 1 Ss in Bangalore?
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In Bangalore, the ex-showroom price for the Thukral Electric Er 1 Ss starts at around ₹2.95 Lakhs, and the on-road price typically ranges from ₹3.15 Lakhs to ₹3.50 Lakhs. Specific local taxes and subsidies will determine the exact final price.