Get the Tata Capital App to apply for Loans & manage your account. Download Now
Personal loan starting
@ 10.99% p.a
All you need to know
Personal loan for all your needs
Calculator
Check Your Credit Score
Higher credit score increases the chances of loan approval. Check your CIBIL score today and get free insights on how to be credit-worthy.
Check Credit Score
Home Loan with instant approval starting
@ 7.75% p.a
All you need to know
Home Loan for all your needs
Calculators
Register as a Selling Agent. Join our Loan Mitra Program
Check Your Credit Score
Business loan to suit your growth plan
All you need to know
Business loan for all your needs
Calculators
Looking for Secured Business Loans?
Get secured business loans with affordable interest rates with Tata Capital. Verify eligibility criteria and apply today
Know More
Explore Used Car Loans
Explore New Car Loans
Explore Two Wheeler Loans
Calculators
Avail Loan Against Securities up to ₹40 crores
All you need to know
Explore Loan Against Securities
Check Your Credit Score
Higher credit score increases the chances of loan approval. Check your CIBIL score today and get free insights on how to be credit-worthy.
Check Credit Score
Avail Loan Against Property up to ₹ 10 Crores
All you need to know
Loans for all your needs
Calculators
Get Education Loan up to Rs. 2 crores
All you need to know
Calculators
Want To Know More?
All you need to know
Calculators
Want To Know More?
All you need to know
Calculators
Want To Know More?
Digital financial solutions to aid your growth
Most popular products
Financing solutions tailored to your business needs
Our Bestselling Products
Avail Term Loans up to Rs. 1 Crore
Avail Digital Equipment Loans
up to Rs. 1 Crore
Avail Leasing solutions
for all asset classes
Ensure your business’ operational effeciency with ease
Most Popular products
Commercial Vehicle Leasing
A personal finance app, your one-stop shop for comprehensive financial needs - SIP, Mutual Funds, Loans, Insurance, Credit Cards and many more
Calculators
All you need to know
Wealth Services by Tata Capital
Personalised Wealth Services for exclusive customers delivered by a team of experts from a suite of product offerings
Calculators
All you need to know
Protect your family against unforeseen risks
Avail any of the Insurance policies online in just a few clicks
Bestselling insurance solutions
Quick Links for insurance
Motor Insurance
Life Insurance
Health Insurance
Other Insurance
Investment
Protect your family against unforeseen risks
Avail any of the Insurance policies online in just a few clicks
Choose from our list of insurance solutions
Quick Links for insurance
Motor Insurance
Life Insurance
Health Insurance
Other Insurance
Investment
Offers & Updates
Sign in to unlock
special offers!
You are signed in to unlock special offers!
Tata Capital > Blog > Loan for Vehicle > Pros and Cons of Buying Electric Scooters in India
With concerning levels of air pollution and other glaring climate change issues on the rise, electric vehicles have become the talk of the town. From Tesla cars to electric scooters, these eco-friendly alternatives are gradually claiming their space on Indian roads. And rightly so! Since fossil fuels are decreasing day by day, electric vehicles are a sustainable alternative.
However, knowing the advantages of electric vehicles is not enough to purchase them. Read on to learn the pros and cons of buying an electric scooter in India.
Since these scooters are battery-powered, you also save a considerable amount of money and get the same mileage as their petrol counterparts. Hence, you can save a significant amount in the long run.
As you know, most vehicles produce a lot of noise and contribute immensely to noise pollution levels. However, you will find electric scooters and bikes make barely any noise.
Undoubtedly, the most significant benefit of electric scooters is that they are environmentally friendly. They don’t burn fossil fuel or produce smoke and curb air pollution in the process.
Additional Read: Hero Electric: Best Electric Bikes & Scooters in India
If you require ample storage space in your vehicle, switching to an electric scooter makes sense. This is because these scooters don’t house many mechanical parts and thus, have larger storage space.
Since electric scooters have fewer parts, they are lightweight and compact. Hence, they are easy to park and drive.
Since electric bikes and scooters are still not manufactured on a large scale in India compared to petrol-powered vehicles, their production cost is considerably higher. But you can easily cover the high cost by financing the purchase with a two-wheeler loan.
With a petrol-powered vehicle, you only need a few minutes to fill up the petrol tank. This is not the case with electric vehicles, as they require a long time to charge. And this can be a hindrance if you are in a hurry to reach somewhere.
Did you know electric batteries must be replaced once they are damaged? These batteries usually last for a year and can be highly expensive. However, with lenders offering competitive two-wheeler loan interest rates, you can cover the cost with ease.
Additional Read: Ola Electric Scooter: Key Features, Mileage, Prices in India
Lastly, electric vehicles are still a relatively newer concept in India. This is why there is a lack of proper infrastructure like charging stations. Therefore, it can be challenging to take the scooter for a long ride. Moreover, there aren’t enough repair centres and spare part dealers for EVs countrywide.
Now that you are aware of the merits and demerits of purchasing an electric scooter, you can make an informed decision. And if you decide to go ahead and bring home a sustainable two-wheeler, check out Tata Capital’s bike finance offerings. We offer competitive bike loan interest rates and flexible tenures to help you repay the loan seamlessly.
So, visit our website and apply for a loan online today!
Your Smooth Ride Awaits: Take a Quick and Easy Vehicle Loans!
Apply now