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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Evage Motors FR8 EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹29.10L
Fuel Type
Electric
Motor
Type of MotorPermanent Magnet Synchronous Motors (PMSMs)
Finance
Evage Motors FR8 EMI Calculator
Select variant, adjust loan details, compare scenarios and review full repayment details.
Truck Price
Select Variant
Price will update the EMI estimate
Evage Motors FR8 (₹29,10,000)
Credit Score
Select CIBIL Range
Auto-adjusts interest rate
Estimated Monthly EMI
₹43,281
Calculated on ₹20,37,000 loan at 10% for 5 years.
Down Payment
₹8,73,000
Loan Principal
₹20,37,000
Total Interest
₹5,59,860
Total Cost
₹34,69,860
Cost Breakup
Down Payment
₹8,73,000
Amount paid upfront before finance starts.
Loan
₹20,37,000
Interest
₹5,59,860
Share Your EMI
Loan inputs
Adjust Loan Details
Change down payment, tenure and rate to see the monthly EMI update instantly.
₹
₹1,00,000₹29,10,000
₹
₹0₹28,10,000
%
7%25%
Yr
1 Year7 Years
Down Payment Insight
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 (₹43,281) with lowest total interest.
Lender Comparison— ₹20,37,000 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹41,793 |
SBI | 8.75% | ₹0 | ₹42,039 |
ICICI Bank | 9.1% | ₹3,999 | ₹42,384 |
HDFC Bank | 9.25% | ₹3,500 | ₹42,533 |
Axis Bank | 9.5% | ₹3,500 | ₹42,781 |
* 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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Evage Motors FR8 Price FAQs
What is the Evage Motors Fr8 price in India?
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The ex-showroom price of the Evage Motors Fr8 in India typically starts from around ₹18.00 Lakhs, varying slightly based on specific configurations and state subsidies. This competitive price positions the Fr8 as an accessible entry into electric commercial mobility.
What is the approximate on-road price of the Evage Motors Fr8 in major cities?
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The approximate on-road price for the Evage Motors Fr8 can range from ₹19.50 Lakhs to ₹22.00 Lakhs, depending on RTO charges, insurance, and state-specific subsidies in cities like Delhi, Mumbai, Bengaluru, Chennai, and Kolkata. Please consult your nearest dealer for an exact quote.
Are there any government subsidies available for purchasing the Evage Motors Fr8?
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Yes, the Evage Motors Fr8 is eligible for central government subsidies under schemes like FAME-II, which can significantly reduce the effective purchase price. Additionally, several state governments offer attractive incentives and road tax exemptions for electric commercial vehicles.
What is the Evage Motors Fr8 price in Delhi?
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In Delhi, the ex-showroom price for the Evage Motors Fr8 starts from approximately ₹18.00 Lakhs, with the on-road price being lower due to significant state subsidies and road tax exemptions for electric vehicles. Please contact an authorized Delhi dealership for the most accurate and updated price.
What is the Evage Motors Fr8 price in Mumbai and Maharashtra?
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The ex-showroom price for the Evage Motors Fr8 in Mumbai and Maharashtra begins around ₹18.50 Lakhs. The final on-road price in Maharashtra benefits from state EV policies, offering competitive pricing for the Fr8.
How does the total ownership cost of the Evage Motors Fr8 compare to a diesel truck?
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While the initial purchase price of the Evage Motors Fr8 might be slightly higher than a comparable diesel truck, its total ownership cost is significantly lower due to massive savings on fuel, reduced maintenance, and available subsidies. The Fr8 offers a quicker return on investment over its lifespan.
Can I get financing options and EMIs for the Evage Motors Fr8?
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Yes, attractive financing options and flexible EMI schemes are available for purchasing the Evage Motors Fr8 through leading banks and financial institutions. Our dealerships can assist you in finding the best loan terms tailored to your business needs for the Fr8.
What is the Evage Motors Fr8 price in Bengaluru (Bangalore)?
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In Bengaluru, the ex-showroom price for the Evage Motors Fr8 starts from around ₹18.20 Lakhs. Karnataka's EV policy also provides benefits that influence the final on-road price of the Fr8, making it an economically viable option for businesses there.
Does the Evage Motors Fr8 price include the charging infrastructure?
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The listed ex-showroom price for the Evage Motors Fr8 typically does not include the installation of a dedicated charging station. However, Evage Motors partners can assist you in procuring and installing suitable charging infrastructure, which might also be eligible for separate government incentives.