
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.

Truck loan planning
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹3.69L
Fuel Type
Electric
Motor
IP67
Finance
Select variant, adjust loan details, compare scenarios and review full repayment details.
Truck Price
Price will update the EMI estimate
Credit Score
Auto-adjusts interest rate
Estimated Monthly EMI
₹5,489
Calculated on ₹2,58,300 loan at 10% for 5 years.
Down Payment
₹1,10,700
Loan Principal
₹2,58,300
Total Interest
₹71,040
Total Cost
₹4,40,040
Cost Breakup
₹1,10,700
Amount paid upfront before finance starts.
₹2,58,300
₹71,040
Loan inputs
Change down payment, tenure and rate to see the monthly EMI update instantly.
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹5,300 |
SBI | 8.75% | ₹0 | ₹5,331 |
ICICI Bank | 9.1% | ₹3,999 | ₹5,375 |
HDFC Bank | 9.25% | ₹3,500 | ₹5,394 |
Axis Bank | 9.5% | ₹3,500 | ₹5,425 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The ex-showroom price of the Mahindra Treo Plus typically starts from around ₹3.69 Lakhs in India. However, the final on-road price can vary based on state subsidies, RTO charges, and insurance, making it a competitive electric truck.
The Mahindra Treo Plus on-road price ranges from ₹4.09 lakh to ₹4.18 lakh in most Indian cities. In Delhi, after the April 2026 EV Policy 2026-2030 subsidy of ₹50,000 plus road tax waiver, the effective on-road price drops to roughly ₹3.19 lakh — or ₹2.94 lakh if you also claim the ₹25,000 scrappage incentive.
The typical Mahindra Treo Plus EMI is around ₹7,134 per month at 10.5% interest over a 60-month tenure, with a down payment of about ₹37,000. Your final rate depends on credit profile and lender — Mahindra Finance, Cholamandalam, and Tata Capital are the most common options.
es. Under the draft Delhi EV Policy 2026-2030 released on April 11, 2026, the Mahindra Treo Plus qualifies for a ₹50,000 Year 1 purchase incentive as an L5M electric three-wheeler, plus a ₹25,000 scrappage incentive if you're replacing an old CNG or petrol auto.