
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.

Ex-Showroom Price
₹1.91L
Key Specifications
GVW
0 kg
Power
NA
Finance
Monthly EMI
₹2,841
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹2,744 |
SBI | 8.75% | ₹0 | ₹2,760 |
ICICI Bank | 9.1% | ₹3,999 | ₹2,782 |
HDFC Bank | 9.25% | ₹3,500 | ₹2,792 |
Axis Bank | 9.5% | ₹3,500 | ₹2,808 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
News
The ex-showroom price of the Bajaj Riki P40 05 E Rickshaw in India generally starts from around ₹1.05 Lakh, though it can vary slightly based on state and dealer. This competitive price makes it an attractive option for first-time buyers and fleet expansions.
In Delhi, the on-road price of the Bajaj Riki P40 05 E Rickshaw typically ranges from ₹1.15 Lakh to ₹1.25 Lakh, including registration, insurance, and road tax. This price may also be influenced by potential state subsidies for electric vehicles in the region.
The Bajaj Riki P40 05 E Rickshaw generally costs between ₹1.18 Lakh to ₹1.28 Lakh on-road in Mumbai, depending on local RTO charges and any applicable state government incentives. It's advisable to check with local dealers for the precise price.
The expected on-road price of the Bajaj Riki P40 05 E Rickshaw in Bangalore is typically in the range of ₹1.20 Lakh to ₹1.30 Lakh. The final price includes local taxes, RTO charges, and insurance, which can fluctuate.
Yes, various state governments and the central government (under schemes like FAME II) offer subsidies for electric vehicles, which can significantly reduce the effective on-road price of the Bajaj Riki P40 05 E Rickshaw. Buyers should inquire about current schemes at their local dealership.
The final on-road price of the Bajaj Riki P40 05 E Rickshaw is determined by several factors, including the ex-showroom price, RTO registration charges, road tax, insurance premium, dealer handling charges, and any central or state government subsidies or discounts. These components collectively form the comprehensive price.
Yes, the Bajaj Riki P40 05 E Rickshaw price typically includes a standard manufacturer's warranty for the battery, which usually covers a specific period or mileage. It is crucial to confirm the exact warranty terms and conditions with your dealer at the time of purchase.
In Kolkata, the on-road price for the Bajaj Riki P40 05 E Rickshaw generally ranges from ₹1.12 Lakh to ₹1.22 Lakh. This price factors in West Bengal's specific RTO costs, road tax, and any local electric vehicle incentives that might apply.
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