Piaggio and SBI Signed an MoU to Offer Intrest Free Auto Loans in UP
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.
Mahindra e-Alfa Plus
Ex-Showroom Price
₹1.78L
Key Specifications
GVW
816 kg
Power
1.95 kW
Finance
Mahindra e-Alfa Plus EMI Calculator
Select Variant
Mahindra e-Alfa Plus (₹1,78,000)
Credit Score EstimatorAuto-adjusts interest rate
Down PaymentLoanInterest
Monthly EMI
₹2,648
Down Payment₹53,400
Loan Principal₹1,24,600
Total Interest₹34,280
Total Cost₹2,12,280
Share Your EMI
₹
₹1,00,000₹1,78,000
₹
₹0₹78,000
%
7%25%
Yr
1 Year7 Years
Down Payment Insight
Increase down payment by ₹50,000 → EMI drops by ₹523 and you save ₹31,380 in total interest.
✓
Recommended: 5 Years
Balances affordable EMI (₹2,648) with lowest total interest.
Lender Comparison— ₹1,24,600 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹2,557 |
SBI | 8.75% | ₹0 | ₹2,572 |
ICICI Bank | 9.1% | ₹3,999 | ₹2,593 |
HDFC Bank | 9.25% | ₹3,500 | ₹2,602 |
Axis Bank | 9.5% | ₹3,500 | ₹2,617 |
* 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.
News
Truck News
Mahindra e-Alfa Plus Price FAQs
What is the on-road price of the Mahindra E Alfa Plus in India?
+−
The ex-showroom price of the Mahindra E Alfa Plus typically starts from around INR 1.57 Lakh in India. The final on-road price will vary slightly by city due to local taxes, registration, and insurance costs. Please contact us for the exact truck price in your specific city.
Are there any subsidies available for purchasing this electric truck?
+−
Yes, buyers of electric vehicles like the Mahindra E Alfa Plus may be eligible for various state and central government subsidies under schemes like FAME II. These subsidies can significantly reduce the effective truck price, making it an even more attractive investment. Our team can guide you on available benefits.
What are the financing options for the Mahindra E Alfa Plus?
+−
Several leading banks and financial institutions offer attractive loan schemes with flexible EMI options for the Mahindra E Alfa Plus. Our team can help you explore the best financing solutions tailored to your budget and needs, making the truck price more manageable.
How does the price compare to other small commercial vehicles?
+−
The Mahindra E Alfa Plus offers competitive pricing for an electric small commercial vehicle, making it an excellent long-term investment due to its significantly lower running costs. Its value proposition is strong compared to petrol or diesel alternatives, leading to overall savings despite the initial truck price.
What is the estimated EMI for the Mahindra E Alfa Plus?
+−
The estimated EMI for the Mahindra E Alfa Plus depends on the loan amount, tenure, and prevailing interest rate from financial institutions. Our finance experts can provide a personalized EMI calculation tailored to your specific requirements, helping you plan your purchase effectively.
What is the overall ownership cost of this electric truck?
+−
The overall ownership cost of the Mahindra E Alfa Plus is significantly lower than petrol or diesel small commercial vehicles due to minimal fuel expenses and reduced maintenance needs. This makes the electric truck a very economical choice in the long run, offering excellent value for its truck price in India.
Does the price include the battery, or is it separate?
+−
Yes, the stated truck price for the Mahindra E Alfa Plus typically includes the battery, making it a complete package with no hidden costs for essential components. This ensures transparency and a straightforward purchase process for this advanced electric commercial vehicle.
Brochure
Mahindra e-Alfa Plus Brochure
Download for detailed specs, features & prices.
Finance
Mahindra e-Alfa Plus EMI
Your estimated monthly EMI