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.
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Mahindra Zor Grand EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹4.12L
Fuel Type
Electric
Motor
Electric Motor
Finance
Mahindra Zor Grand EMI Calculator
Select variant, adjust loan details, compare scenarios and review full repayment details.
Truck Price
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Price will update the EMI estimate
Mahindra Zor Grand (₹4,12,000)
Credit Score
Select CIBIL Range
Auto-adjusts interest rate
Estimated Monthly EMI
₹6,128
Calculated on ₹2,88,400 loan at 10% for 5 years.
Down Payment
₹1,23,600
Loan Principal
₹2,88,400
Total Interest
₹79,280
Total Cost
₹4,91,280
Cost Breakup
Down Payment
₹1,23,600
Amount paid upfront before finance starts.
Loan
₹2,88,400
Interest
₹79,280
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Loan inputs
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Change down payment, tenure and rate to see the monthly EMI update instantly.
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₹1,00,000₹4,12,000
₹
₹0₹3,12,000
%
7%25%
Yr
1 Year7 Years
Down Payment Insight
Increase down payment by ₹50,000 → EMI drops by ₹1,062 and you save ₹63,720 in total interest.
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Recommended: 5 Years
Balances affordable EMI (₹6,128) with lowest total interest.
Lender Comparison— ₹2,88,400 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹5,917 |
SBI | 8.75% | ₹0 | ₹5,952 |
ICICI Bank | 9.1% | ₹3,999 | ₹6,001 |
HDFC Bank | 9.25% | ₹3,500 | ₹6,022 |
Axis Bank | 9.5% | ₹3,500 | ₹6,057 |
* 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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Mahindra Zor Grand Price FAQs
What is the Mahindra Zor Grand price in India?
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The Mahindra Zor Grand price in India generally starts from approximately ₹3.80 Lakh to ₹4.20 Lakh (Ex-showroom), varying based on the specific variant and state government subsidies. This makes the Mahindra Zor Grand a competitive option in the electric 3-wheeler cargo segment.
What is the ex-showroom price of the Zor Grand?
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The ex-showroom price of the Zor Grand typically ranges from ₹3.80 Lakh to ₹4.20 Lakh, depending on the variant (e.g., Flat Bed, Delivery Van). This base price provides an excellent starting point for calculating the total cost of owning a Mahindra Zor Grand.
What is the on-road price of the Mahindra Zor Grand in Delhi?
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The on-road price of the Mahindra Zor Grand in Delhi is approximately ₹3.95 Lakh to ₹4.35 Lakh. This Zor Grand price includes ex-showroom cost, RTO charges, insurance, and applicable state subsidies, making it highly attractive for Delhi-based operators.
What is the Zor Grand price in Mumbai?
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The Zor Grand price in Mumbai typically ranges from ₹4.00 Lakh to ₹4.40 Lakh (on-road). This Mahindra Zor Grand price reflects Mumbai's specific RTO and insurance costs, alongside potential state-level EV incentives that reduce the overall ownership burden.
What is the cost of the Mahindra Zor Grand in Bangalore?
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The cost of the Mahindra Zor Grand in Bangalore (on-road) is estimated to be between ₹4.10 Lakh and ₹4.50 Lakh. This Mahindra Zor Grand price includes various taxes and registration fees applicable in Karnataka, along with any state-specific EV subsidies.
Are there government subsidies or financing options available for the Mahindra Zor Grand price?
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Yes, there are often central and state government subsidies available that can significantly reduce the Mahindra Zor Grand price, making electric vehicle ownership more affordable. Additionally, various banks and financial institutions offer attractive financing options for the Zor Grand, providing flexible payment plans.
How does the Mahindra Zor Grand price compare to diesel 3-wheelers?
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While the initial Mahindra Zor Grand price might be slightly higher than some conventional diesel 3-wheelers, its significantly lower running costs, minimal maintenance, and eligibility for subsidies offer a much lower total cost of ownership over time. This makes the Mahindra Zor Grand a more economical choice in the long run.
What factors influence the final price of the Zor Grand?
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The final price of the Zor Grand is influenced by the specific variant chosen, any optional accessories, RTO registration charges, insurance costs, and crucial government subsidies (both central FAME-II and state-specific). These factors collectively determine the on-road Mahindra Zor Grand price.
What is the Mahindra Zor Grand price in Chennai?
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The Mahindra Zor Grand price in Chennai is approximately ₹4.05 Lakh to ₹4.45 Lakh (on-road). This estimated Zor Grand price includes local taxes, insurance, and any applicable state-level incentives for electric vehicles in Tamil Nadu.