
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.

Finance
Monthly EMI
₹2,380
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹2,298 |
SBI | 8.75% | ₹0 | ₹2,312 |
ICICI Bank | 9.1% | ₹3,999 | ₹2,331 |
HDFC Bank | 9.25% | ₹3,500 | ₹2,339 |
Axis Bank | 9.5% | ₹3,500 | ₹2,353 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The truck price in India for a small commercial vehicle usually ranges from ₹4.5 lakhs to ₹9 lakhs, depending on the model, features, and brand. This makes them an affordable entry point for many small businesses and entrepreneurs.
Heavy-duty trucks have a significantly higher truck price in India, typically starting from ₹18 lakhs and going up to ₹50 lakhs or more for specialized models. The cost varies based on engine size, capacity, and advanced features.
The on-road truck price in India includes the ex-showroom price, RTO registration, insurance, and sometimes accessory costs. Taxes, state-specific levies, and dealership charges also play a significant role in the final price you pay.
Yes, most dealerships offer attractive financing options, including EMI schemes, through various banks and financial institutions. These options make it easier for buyers to manage the initial truck price and invest in their business.
Yes, established brands often have a slightly higher truck price due to their reputation, extensive service network, and proven reliability in the Indian market. However, they also tend to offer better resale value and peace of mind over time.
The resale value of commercial trucks in India depends on factors like brand, model, maintenance history, mileage, and market demand. Well-maintained trucks from popular brands generally hold their value better, which is an important consideration beyond the initial truck price.
While specific ongoing schemes vary, the government occasionally offers incentives or subsidies, especially for electric or CNG commercial vehicles, to promote cleaner transportation. It's worth checking for current announcements that might impact your truck price.
Absolutely. Beyond the initial truck price, consider the total cost of ownership, which includes fuel expenses, maintenance, spare parts, insurance, and potential resale value. This holistic view provides a clearer picture of long-term affordability and profitability for your business.
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Your estimated monthly EMI