
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
₹1.24L
Key Specifications
GVW
450 kg
Power
1 hp
Finance
Monthly EMI
₹1,845
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹1,781 |
SBI | 8.75% | ₹0 | ₹1,792 |
ICICI Bank | 9.1% | ₹3,999 | ₹1,807 |
HDFC Bank | 9.25% | ₹3,500 | ₹1,813 |
Axis Bank | 9.5% | ₹3,500 | ₹1,823 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The on-road price typically ranges from INR 6.5 to 8.0 Lakhs, varying by city, state subsidies, and specific variant chosen for purchase.
Yes, minor variants might exist, primarily differing in battery capacity or loading body options, leading to small price variations accordingly.
EMI options usually start from INR 10,000-15,000 per month with a down payment of 1.5-2 Lakhs, depending on loan tenure and bank terms.
Yes, it often qualifies for FAME-II subsidies and state-specific EV policies, significantly reducing the effective purchase price for buyers.
Electric vehicles generally hold good resale value due to low maintenance and operating costs. Market demand for LCV EVs is also growing steadily.
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Finance
Your estimated monthly EMI