
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
₹1.75L
Key Specifications
GVW
405 kg
Power
2 hp
Finance
Monthly EMI
₹2,603
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹2,514 |
SBI | 8.75% | ₹0 | ₹2,529 |
ICICI Bank | 9.1% | ₹3,999 | ₹2,549 |
HDFC Bank | 9.25% | ₹3,500 | ₹2,558 |
Axis Bank | 9.5% | ₹3,500 | ₹2,573 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The truck price in India is influenced by several factors, including the brand, model, engine capacity, load carrying capacity, features, emission standards (BS6), and whether it's a new or used vehicle. Taxes and regional subsidies also play a significant role in the final cost.
The starting truck price for a small commercial vehicle in India typically ranges from ₹4 lakhs to ₹8 lakhs, depending on the manufacturer and specific model. These cost-effective options are popular among first-time buyers and small businesses looking for an affordable entry into logistics.
Trucks with more powerful and technologically advanced engines, especially those complying with the latest BS6 emission norms, usually come with a higher truck price. Diesel engines generally have a higher initial cost than petrol engines but offer better fuel economy and torque for commercial use.
Yes, numerous financing options are available from banks, NBFCs (Non-Banking Financial Companies), and manufacturer-tied finance schemes. These options make purchasing a truck more accessible, often with competitive interest rates and flexible repayment plans tailored for commercial buyers.
Beyond the ex-showroom truck price, you should budget for RTO registration, insurance, road tax, fitting charges for the load body (if separate), and accessories. These additional costs can add a significant amount to the final on-road price in India, so plan accordingly.
Yes, heavy-duty trucks have a considerably higher truck price compared to small commercial vehicles due to their larger engines, robust build, advanced technology, and immense load-carrying capabilities. Prices can range from ₹25 lakhs to over ₹50 lakhs for specific models, reflecting their industrial strength.
The Hooghly Motors Butterfly Classic model aims to offer a competitive truck price in its segment, focusing on value for money with its features and operational efficiency. For exact pricing and current offers on the Butterfly Classic, it's best to check with a local Hooghly Motors dealer directly.
While listed prices are generally firm, there can sometimes be room for negotiation, especially on accessories, insurance, or during festive offers. It's always worth discussing financing options and any available discounts with your dealer to get the best possible truck price and value.
Brochure
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Finance
Your estimated monthly EMI