
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
450 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 varies by state and city due to different taxes and subsidies. It generally ranges between INR 3.5 lakhs to 4.5 lakhs, making it an affordable electric commercial vehicle option.
It typically comes in a single standard configuration with a flatbed cargo area. However, custom modifications for specific business needs might be possible through local fabricators, depending on requirements.
Attractive EMI options are available from various financial institutions, with flexible tenures and competitive interest rates. A down payment usually around 20-30% is generally required, easing the purchase.
As an electric vehicle, its resale value is still evolving in the Indian market. Good battery health and maintenance will be crucial factors in determining its future depreciation and value retention effectively.
Yes, it often qualifies for FAME II subsidies and state-specific EV policies, significantly reducing the initial purchase cost. Buyers should check current applicable incentives in their region for savings.
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Finance
Your estimated monthly EMI