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Hooghly Motors Butterfly E-Rickshaw
Ex-Showroom Price
₹1.75L
Key Specifications
GVW
709 kg
Power
2 hp
Finance
Hooghly Motors Butterfly E-Rickshaw EMI Calculator
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Hooghly Motors Butterfly E-Rickshaw (₹1,75,000)
Credit Score EstimatorAuto-adjusts interest rate
Down PaymentLoanInterest
Monthly EMI
₹2,603
Down Payment₹52,500
Loan Principal₹1,22,500
Total Interest₹33,680
Total Cost₹2,08,680
Share Your EMI
₹
₹1,00,000₹1,75,000
₹
₹0₹75,000
%
7%25%
Yr
1 Year7 Years
Down Payment Insight
Increase down payment by ₹50,000 → EMI drops by ₹478 and you save ₹28,680 in total interest.
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Recommended: 5 Years
Balances affordable EMI (₹2,603) with lowest total interest.
Lender Comparison— ₹1,22,500 · 5 yr · 10% base
| 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.
- Processing fee and other loan charges are not included in this calculation.
- The calculated EMI assumes 10% interest rate. Actual rate may vary based on your credit profile and lender.
- Loan approval is at the sole discretion of the finance partner.
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Hooghly Motors Butterfly E-Rickshaw Price FAQs
What is the approximate on-road price of the Hooghly Motors Butterfly E Rickshaw in India?
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The on-road price typically ranges from INR 1.00 Lakh to INR 1.50 Lakh, varying by city, variant, and applicable taxes or registration charges.
Are there different variants or models available for the Butterfly E Rickshaw, and how do their prices vary?
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Yes, passenger and cargo variants exist. Passenger models are generally similarly priced, while specific cargo designs or higher capacity batteries might influence cost.
What are the typical EMI options and down payment requirements for purchasing this e-rickshaw?
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EMIs are available, usually requiring a down payment of 20-30%. Loan terms typically range from 1 to 3 years, making it accessible for operators.
What is the expected resale value of the Hooghly Motors Butterfly E Rickshaw after a few years?
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Resale value depends on battery condition, maintenance history, and overall vehicle wear. Well-maintained e-rickshaws generally retain decent value in the second-hand market.
Are there any subsidies or financial schemes available for buying the Hooghly Motors Butterfly E Rickshaw?
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Yes, government schemes like FAME II or state-specific subsidies might be applicable, offering financial incentives to promote electric vehicle adoption, reducing the upfront cost.
Brochure
Hooghly Motors Butterfly E-Rickshaw Brochure
Download for detailed specs, features & prices.
Finance
Hooghly Motors Butterfly E-Rickshaw EMI
Your estimated monthly EMI