Mahindra is the market leader in terms of manufacturing SUVs. It manufactures cars in various segments and the Mahindra Thar falls in the SUV segment. If you wish to purchase the SUV, what would be your monthly EMI after making an initial payment of ₹2 lakh?

The AXT is the basic diesel model of the Thar SUV and the ex-showroom price is ₹9.99 lakh. In case you purchase the SUV in Delhi, the total cost would include ₹9.99 lakh plus the cost of registration and insurance. The registration cost is ₹87,000 while the insurance is around ₹49,000 and thus the on-road price comes out to be ₹11.36 lakh.

In case you purchase the base diesel Thar, the bank will fund you for the ex-showroom price. With an initial payment of ₹2 lakh, you will need finance of ₹9.36 lakh from the bank. Assuming that the bank finances ₹9.36 lakh for a period of seven years at 9% interest rate, the monthly EMI would work out to ₹15,067.

If you take a car loan of Rs 9.36 lakh from the bank for seven years with an interest rate of 9%, then you will have to pay an EMI of Rs 15056 every month for seven years. In this case, in seven years, you will pay around Rs 3.29 lakh as interest for the base variant of Mahindra Thar Diesel. After which the total price of your car including ex-showroom, on-road and interest will be around Rs 14.65 lakh.

Thar is brought by Mahindra in the SUV segment. In this segment, it directly competes with Mahindra's Thar Roxx. But in terms of price and off-roading capability, it also faces competition from Force Gurkha and Maruti Suzuki Jimny.

Mahindra is the market leader in terms of manufacturing SUVs. It manufactures cars in various segments and the Mahindra Thar falls in the SUV segment. If you wish to purchase the SUV, what would be your monthly EMI after making an initial payment of ₹2 lakh?

The AXT is the basic diesel model of the Thar SUV and the ex-showroom price is ₹9.99 lakh. In case you purchase the SUV in Delhi, the total cost would include ₹9.99 lakh plus the cost of registration and insurance. The registration cost is ₹87,000 while the insurance is around ₹49,000 and thus the on-road price comes out to be ₹11.36 lakh.

In case you purchase the base diesel Thar, the bank will fund you for the ex-showroom price. With an initial payment of ₹2 lakh, you will need finance of ₹9.36 lakh from the bank. Assuming that the bank finances ₹9.36 lakh for a period of seven years at 9% interest rate, the monthly EMI would work out to ₹15,067.

If you take a car loan of Rs 9.36 lakh from the bank for seven years with an interest rate of 9%, then you will have to pay an EMI of Rs 15056 every month for seven years. In this case, in seven years, you will pay around Rs 3.29 lakh as interest for the base variant of Mahindra Thar Diesel. After which the total price of your car including ex-showroom, on-road and interest will be around Rs 14.65 lakh.

Thar is brought by Mahindra in the SUV segment. In this segment, it directly competes with Mahindra's Thar Roxx. But in terms of price and off-roading capability, it also faces competition from Force Gurkha and Maruti Suzuki Jimny.