Bajaj Chetak EMI & On-Road Price 2026 — Variants, Zero Road Tax, Monthly EMI

Key Takeaways

• Bajaj Chetak Urbane on-road price in Delhi is ₹1,23,295 (ex-showroom ₹1,15,000 + 0% road tax + OD insurance + 5-year third-party insurance + registration).
• A 3-year loan at 10.5% with 20% down payment results in an EMI of ₹3,206/month on a loan of ₹98,636.
• Road tax is zero across all Indian states — buyers in high-tax states like Karnataka or Telangana save over ₹13,000 compared to a petrol scooter at the same price.
• The Chetak's retro metal body, IP67 waterproofing, and Bajaj's 6,500+ authorised service network make it one of the most reliable and widely supported EVs in India.

The Bajaj Chetak is an icon reborn — a name that defined Indian scootering for three decades, now reimagined as an electric vehicle with a distinctively retro metal body, IP67 waterproof rating, and the backing of Bajaj Auto's massive service infrastructure. Unlike pure-play EV startups, the Chetak benefits from Bajaj's dealer network of 6,500+ touchpoints across India — a critical advantage for buyers in smaller cities. The 0% road tax across all states, combined with its accessible pricing, makes the Chetak one of the most cost-effective paths into electric mobility. This guide covers both Chetak variants, on-road pricing, state road tax comparisons, and the complete EMI analysis. Prices verified in June 2026 (Delhi).

Bajaj Chetak Variant Prices (2026)

The Chetak is available in two variants — Urbane (entry) and Premium (top spec). Road tax is 0% for both variants in all Indian states.

All EMIs at 20% down payment. Use the car loan EMI calculator to model your exact down payment.

The Urbane is the more popular variant for first-time EV buyers — it offers the full Chetak experience (metal body, connected features, smooth ride) at the lowest entry price. The Premium adds chrome accents, a richer colour palette, and a slightly enhanced console — for ₹11,000 extra, it's worth considering if you plan to keep the scooter for 4–5 years. Both variants use the same motor, battery, and drivetrain.

What Goes Into the On-Road Price

For the Urbane at ₹1,15,000 ex-showroom (Delhi reference):

The Chetak's IP67 waterproofing makes it one of the few scooters in India truly suitable for monsoon riding — a practical feature rarely discussed in EMI guides but significant for long-term reliability. All EV scooters carry 0% road tax; the TP insurance is at the equivalent 124cc motor classification.

The on-road price premium over ex-showroom is just ₹8,295 — significantly lower than any petrol scooter in the ₹1–1.3 lakh price range, which would attract 6–8% road tax adding ₹7,200–₹10,400 depending on state.

Road Tax Saving: Chetak vs Petrol Scooter Across 10 States

The Chetak pays zero road tax in every state. Here is the saving versus a petrol scooter at ₹1,15,000 ex-showroom:

In Delhi, the Chetak saves ₹9,200 versus a petrol scooter with an equivalent ex-showroom price. This effectively narrows the price gap between the Chetak and cheaper petrol scooters from ₹30,000–₹40,000 to ₹21,000–₹31,000 before accounting for running cost differences.

Bajaj Chetak EMI by Loan Tenure

Base scenario: Urbane, 20% down payment (₹24,659), loan amount ₹98,636, at 10.5% p.a. Plug your numbers into the car loan EMI calculator.

A 2-year tenure saves ₹17,424 in total interest over 5 years. At ₹3,206/month (3-year), the Chetak Urbane is one of the most affordable EMIs in the EV segment. If you are comparing the Chetak with a petrol scooter at ₹80,000–₹90,000 ex-showroom, factor in that the Chetak's ₹1,500–₹2,000/month lower running costs means the net monthly outflow is comparable within 12–18 months. Use the prepayment calculator to plan any lump-sum prepayments.

Down Payment Impact

For the Urbane (on-road ₹1,23,295), 3-year tenure at 10.5%:

Moving from 10% to 30% down saves ₹4,183 in total interest and reduces the EMI by ₹802/month. Given the Chetak's sub-₹1.25 lakh on-road price, a 30% down payment of ₹36,989 is very attainable for most urban buyers.

Running & Ownership Costs: Chetak vs Petrol

The Chetak's metal body and Bajaj's service network give it a durability and serviceability advantage over many EV startups. Maintenance costs are low given the absence of engine, gearbox, and chain.

Monthly running cost saving of ₹1,200–₹1,900 over a 110cc petrol scooter. Over 3 years, that is ₹43,000–₹68,000 in cumulative savings — significantly more than the total interest paid on the loan (₹16,780).

Is the Bajaj Chetak EMI Affordable for You?

At ₹3,206/month (3-year, 20% down), the Chetak is one of the most affordable electric scooters available. FOIR norms suggest keeping all EMIs within 40–55% of net income. Check your exact borrowing limit with the loan eligibility calculator.

The Chetak at ₹3,206/month fits comfortably within the 15% guideline for anyone earning ₹21,500+ net monthly — making it a viable choice even for entry-level salaried employees in metros.

How to Get the Best Chetak Loan Deal

1. Check Bajaj Finance rates. Bajaj's own NBFC (Bajaj Finance) frequently offers competitive rates for Chetak buyers — sometimes 0.25–0.5% below market rates during promotions. Compare at /rates.
2. Negotiate the dealer extras, not the loan rate. Dealers can offer free extended warranty, complimentary first service, or accessories; loan rates are set by the lender.
3. Maintain a 750+ CIBIL score for the best rates. Bajaj Finance approvals are credit-score-sensitive. Read how CIBIL score affects your loan rate.
4. Confirm the IP67 warranty coverage. The Chetak's waterproofing is a key selling point; ensure your OD insurance covers water damage scenarios.
5. Plan for home charging. A standard 5A socket works; installation near your parking is ₹1,000–₹2,000 one-time.
6. Prepay when you can. Floating-rate prepayments carry no penalty per RBI rules. The prepayment calculator shows how ₹10,000 extra reduces your tenure.

Frequently Asked Questions

What is the on-road price of Bajaj Chetak in Delhi in 2026?

The on-road price is ₹1,23,295 (Urbane) and ₹1,34,460 (Premium) in Delhi. Both variants have 0% road tax. The on-road cost is ex-showroom plus OD insurance (~1.5%), 5-year TP insurance (₹3,570), and ₹3,000 registration.

How much EMI for Bajaj Chetak at 10.5% interest?

For the Urbane with 20% down payment (loan ₹98,636): ₹4,574/month for 2 years, ₹3,206/month for 3 years, or ₹2,120/month for 5 years. Use the car loan EMI calculator for your specific down payment.

Is the Bajaj Chetak road tax exempt in all states?

Yes. All registered electric two-wheelers, including the Bajaj Chetak, are fully exempt from road tax in all Indian states. Whether you register in Delhi (8%), Maharashtra (11%), or Karnataka (12%+), the road tax is ₹0. This is a central government EV promotion measure with state-level compliance.

What is the range of Bajaj Chetak on a single charge?

The Chetak offers 108–126 km IDC-rated range depending on battery variant and riding mode. Real-world city range is typically 80–100 km. For a daily commuter covering 30–40 km, a single charge every 2–3 days is sufficient. Charging from 0–80% takes approximately 2.5–3 hours with the standard charger.

How reliable is the Bajaj Chetak for daily commuting?

The Chetak benefits from Bajaj Auto's manufacturing quality and the IP67 waterproof rating — among the highest protection standards for any scooter in India. Bajaj's 6,500+ service touchpoints mean you are unlikely to be stranded for a service appointment. Battery warranty covers 3 years or 50,000 km (confirm terms with dealer).

Can I buy a Bajaj Chetak on a zero-down-payment loan?

Some lenders offer 100% financing (zero down payment) for applicants with 750+ CIBIL scores and stable employment. This is available but not recommended as the standard loan — a zero-down loan maximises your interest outgo and leaves no equity buffer. A 20% down payment of ₹24,659 on the Urbane is a manageable target that significantly improves your loan economics.

For more EV scooter comparisons, see the TVS iQube EMI guide and Hero Vida V2 EMI guide. For all two-wheeler models, visit the two-wheeler EMI hub.