
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
₹1.00L
Key Specifications
GVW
850 kg
Power
1 hp
Finance
Monthly EMI
₹1,488
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹1,437 |
SBI | 8.75% | ₹0 | ₹1,445 |
ICICI Bank | 9.1% | ₹3,999 | ₹1,457 |
HDFC Bank | 9.25% | ₹3,500 | ₹1,462 |
Axis Bank | 9.5% | ₹3,500 | ₹1,471 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The on-road price typically ranges from INR 1.5 lakhs to 2.5 lakhs, varying by city, specific variant, battery capacity, and any applicable state subsidies for electric vehicles.
Yes, variants often differ by battery capacity, cargo body type (e.g., open, closed), and payload capacity, leading to slight price variations reflecting features and capabilities.
Most dealers offer flexible EMI options through various financial institutions. Down payments and interest rates vary based on borrower profile and chosen loan tenure for affordability.
Electric vehicle resale values are evolving. While newer, their lower running costs and increasing demand for green transport suggest a decent long-term resale potential in the market.
Yes, several state governments and the FAME II scheme offer subsidies for electric vehicles like the E Cart, significantly reducing the effective purchase price for buyers.
Brochure
Download for detailed specs, features & prices.
Finance
Your estimated monthly EMI