Buy Electric Truck Under 5 Lakh in India (2025): Price, Specs, Range & Availability

The demand for electric trucks under ₹5 lakh in India is rising rapidly, especially among small businesses, last-mile delivery operators, and rural transporters. With government subsidies, low running costs, and eco-friendly operations, compact electric trucks are becoming the most affordable option for cargo transport.

In this guide, we will explore top budget-friendly electric trucks under ₹5 lakh, their specifications, battery details, range, service costs, and availability city-wise.

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Why Buy an Electric Truck Under ₹5 Lakh?

• ✅ Affordable investment for small businesses and startups.

• ✅ Low running cost (electric trucks cost 70–80% less to run compared to diesel).

• ✅ Government subsidies under FAME-II and state EV policies.

• ✅ Eco-friendly transport with zero tailpipe emissions.

• ✅ Easy maintenance with fewer moving parts.

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Best Electric Trucks Under ₹5 Lakh in India (2025)

Currently, most mini electric trucks and loaders in this price range are offered by startups and local EV manufacturers. Below are some popular options:

🚚 1. Mahindra Treo Zor – India’s Most Trusted Electric Cargo Loader

The Mahindra Treo Zor has quickly become a household name in India’s small commercial EV segment. Designed for urban logistics and daily cargo movement, it is one of the most reliable and widely available electric trucks under ₹5 lakh.

Key Specifications

• Ex-Showroom Price: ₹3.50 – ₹4.80 lakh (post subsidy, varies by state).

• Battery: 7.37 kWh lithium-ion battery pack.

• Range: 80–120 km on a single charge.

• Payload Capacity: 500–550 kg.

• Motor Power & Torque: 8 kW motor producing 42 Nm torque.

• Top Speed: 50 km/h.

• Charging Time: 3.5–4 hours on a standard AC charger.

Performance & Efficiency

The Treo Zor is known for strong torque delivery, making it easy to drive even with full loads. Its regenerative braking adds to efficiency, giving drivers more kilometres per charge. Running costs average ₹0.85 per km, nearly 70% cheaper than a diesel alternative.

Comfort & Build Quality

Built on Mahindra’s Treo platform, the Zor offers an open body with multiple variants such as pickup, delivery van, and flatbed. The suspension and chassis are reinforced for city bumps and semi-urban roads.

Service & Warranty

Mahindra provides a 3-year/80,000 km warranty, with options to extend. After-sales service is strong thanks to Mahindra’s nationwide dealership presence.

Financing & Subsidy

Under FAME-II, the Treo Zor qualifies for ₹45,000–₹70,000 subsidy. In Delhi and Gujarat, its effective price can drop below ₹4 lakh, making it the cheapest branded electric loader in India. Financing is available with EMIs starting at ₹8,000–₹9,000/month.

Best Use Cases

• FMCG distribution.

• E-commerce deliveries (Amazon, Flipkart, BigBasket fleets).

• Grocery wholesalers.

• Dairy and cold storage goods transport.

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🚚 2. Piaggio Ape E-Xtra FX – The Italian Workhorse with Indian DNA

Piaggio’s Ape brand has been a trusted name in Indian cargo transport for decades, and the Ape E-Xtra FX is its electric evolution. It combines Piaggio’s rugged design with an eco-friendly drivetrain.

Key Specifications

• Price Range: ₹4.90 – ₹5.20 lakh (after subsidy, some states bring it below ₹5 lakh).

• Battery Pack: 8–9.5 kWh lithium-ion.

• Range: 90 km per charge (real-world urban conditions).

• Payload Capacity: 500–600 kg.

• Motor Power: 9.5 kW motor delivering high torque for city slopes.

• Charging: Full charge in 3.5 hours.

Performance & Practicality

The Ape E-Xtra FX is designed for dense urban logistics, especially for courier services. Its compact size allows easy maneuvering in narrow lanes, while its sturdy suspension ensures stable cargo delivery.

Service & Reliability

Being backed by Piaggio’s extensive dealer network, the Ape E-Xtra FX enjoys better availability of spare parts and service than many regional competitors. Owners also highlight the truck’s low maintenance costs and durability.

Subsidy Advantage

Delhi, Maharashtra, and Gujarat buyers get higher EV incentives, pushing the final price below ₹5 lakh.

Financing Options

Banks and NBFCs offer dedicated Piaggio finance schemes, allowing buyers to spread payments over 3–5 years with flexible EMIs.

Best Use Cases

• City courier fleets.

• Shop-to-shop logistics.

• Small traders transporting daily stock.

• Last-mile e-commerce deliveries.

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🚚 3. Euler HiLoad EV (Budget Variant) – Heavy-Duty Performer

The Euler HiLoad EV has disrupted the small commercial EV market by offering the highest payload capacity in this price bracket. Aimed at businesses that demand more from their trucks, the HiLoad delivers both range and load efficiency.

Key Specifications

• Price: ₹4.75 – ₹5 lakh (after subsidy).

• Battery: 10.7 kWh lithium-ion pack.

• Range: 120–150 km on a single charge.

• Payload: 688 kg – the highest in this segment.

• Motor Output: 12 hp (approx.) with excellent torque for uphill climbs.

• Charging Time: 4 hours with standard charger.

Performance & Strength

Euler’s HiLoad EV stands out for its sturdiness and power. With a nearly 700 kg payload, it can carry heavier loads than Mahindra or Piaggio alternatives. Its extended range of up to 150 km means fewer charging breaks, making it ideal for longer delivery routes.

Service & Warranty

Euler Motors offers a 3-year standard warranty, with service support expanding rapidly across metros. Since the company focuses exclusively on EVs, its after-sales staff is trained in battery and motor servicing.

Subsidy & Cost Savings

With state subsidies, the HiLoad’s price falls under ₹5 lakh, making it attractive for small logistics companies.

Financing Options

Euler partners with several NBFCs to provide affordable EMIs. Many customers have reported ROI (Return on Investment) within 12–14 months thanks to reduced running costs.

Best Use Cases

• Heavy cargo movement within cities.

• FMCG stock transport for wholesalers.

• Courier/logistics companies needing high payload & longer range.

• Semi-urban delivery routes.

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Regional Startups – Affordable Alternatives

Startups like Gayam Motor Works (Hyderabad) and Jezza Motors (Kolkata) are catering to small-town buyers with ultra-low-cost EV loaders priced ₹3–4.5 lakh.

• Battery Range: 6–8 kWh packs, giving 70–100 km per charge.

• Payload: 400–500 kg.

• Charging: 3–4 hours.

• Strength: Lower price, high adaptability in rural markets.

• Weakness: Limited after-sales service outside their home states.

These options are attractive for local businesses, farmers, and kirana shops, especially where budget is the top concern.

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4. Local/Regional EV Loaders

Several Indian startups like Gayam Motor Works (GMW), Jezza Motors, and regional manufacturers in UP, Delhi, West Bengal, and Maharashtra offer electric loaders and small trucks under ₹5 lakh.

• Price: ₹3 – 4.5 lakh

• Range: 70–100 km

• Battery: 6–8 kWh

• Payload: 400–500 kg

• Best For: Short-distance goods transport

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Cost Breakdown of Electric Trucks Under ₹5 Lakh

• Ex-showroom Price: ₹3.5 – ₹5 lakh (after subsidy)

• On-road Price (with RTO & insurance): ₹4 – ₹5.5 lakh

• Running Cost per km: ₹0.80 – ₹1.20 (vs ₹3–₹4 for diesel)

• Charging Cost (Full Battery): ₹40–₹60 (domestic charging)

• Battery Life: 5–6 years (with replacement cost ₹60,000–₹80,000)

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Subsidy & Government Benefits

• FAME-II Subsidy: ₹10,000 – ₹20,000 per kWh (varies by state)

• State Subsidies:

  • Delhi: ₹30,000–₹50,000 discount

  • Maharashtra: ₹20,000 subsidy + road tax exemption

  • Gujarat: ₹40,000 subsidy on small commercial EVs

  • UP & Bihar: Lower road tax, incentives for small businesses

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City-wise Availability & Price (2025)

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FAQs – Buy Electric Truck Under ₹5 Lakh

Q1. Can I get an electric truck under ₹5 lakh in India?
👉 Yes, models like Mahindra Treo Zor, Piaggio Ape E-Xtra, and Euler HiLoad (budget variants) are available under ₹5 lakh with subsidy.

Q2. What is the loading capacity of these electric trucks?
👉 Typically 400–700 kg, suitable for last-mile deliveries and small businesses.

Q3. What is the battery capacity & range?
👉 Battery: 6–11 kWh lithium-ion, Range: 80–150 km per charge.

Q4. How much subsidy can I get?
👉 ₹30,000 – ₹80,000 depending on the state and model.

Q5. Where can I buy an electric truck under 5 lakh?
👉 From authorized dealerships in major cities (Delhi, Mumbai, Bangalore, Hyderabad, Kolkata, Lucknow). Many also offer online booking.

Q6. What are the charging options?
👉 Most support home charging (16A socket); some models support fast charging.

Q7. Is financing available for these trucks?
👉 Yes, banks and NBFCs provide loans with EMIs starting from ₹8,000–₹10,000/month.

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Final Words

If you are looking to buy an electric truck under ₹5 lakh in India (2025), models like Mahindra Treo Zor, Piaggio Ape E-Xtra FX, and Euler HiLoad EV are the most reliable and cost-effective choices. With low running cost, state subsidies, and increasing dealership presence, these EV trucks are perfect for last-mile delivery, FMCG transport, and small business logistics.