
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
₹3.32L
Key Specifications
GVW
380 kg
Power
2 hp
Finance
Monthly EMI
₹4,938
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹4,769 |
SBI | 8.75% | ₹0 | ₹4,797 |
ICICI Bank | 9.1% | ₹3,999 | ₹4,836 |
HDFC Bank | 9.25% | ₹3,500 | ₹4,853 |
Axis Bank | 9.5% | ₹3,500 | ₹4,881 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The on-road price varies by state, subsidies, and configuration, but it's positioned competitively, often benefiting from government EV incentives, making it an attractive option.
Yes, prices can differ based on battery capacity, body type (e.g., compactor size), and additional features chosen, allowing for customization to specific municipal waste management needs.
Various financing options are available from banks and NBFCs, often with attractive EMI schemes to support municipalities and contractors in adopting electric waste management solutions easily.
While the upfront cost might be higher, government subsidies and significantly lower running and maintenance costs often make it a more economical choice over its entire lifecycle.
Electric vehicles generally have strong long-term value due to lower running costs. The overall lifecycle cost is often better than diesel, with potential for good resale as EV demand grows.
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Finance
Your estimated monthly EMI