
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
₹1.05L
Key Specifications
GVW
450 kg
Power
1 hp
Finance
Monthly EMI
₹1,562
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹1,508 |
SBI | 8.75% | ₹0 | ₹1,517 |
ICICI Bank | 9.1% | ₹3,999 | ₹1,530 |
HDFC Bank | 9.25% | ₹3,500 | ₹1,535 |
Axis Bank | 9.5% | ₹3,500 | ₹1,544 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The on-road price typically ranges from INR 1.10 Lakh to INR 1.50 Lakh, varying by city, variant, and applicable state subsidies for electric vehicles.
Yes, it usually comes in passenger and cargo variants, with options for different battery types (lead-acid or lithium-ion) affecting the overall feature set and price.
Most dealerships offer flexible EMI options through various financial institutions, with down payments and monthly installments tailored to suit individual buyer's budgets.
Resale value is generally fair, depending on battery health, overall condition, and market demand. Well-maintained e-rickshaws hold decent value in the used market.
The ex-showroom price typically starts from around INR 90,000 and can go up to INR 1.30 Lakh, before factoring in registration, insurance, and other on-road costs.
Brochure
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Finance
Your estimated monthly EMI