Hyundai manufactures vehicles in multiple segments in India. The Hyundai i10 Grand Nios is an example of a hatchback model. In case you plan to purchase the base model and make an initial payment of ₹1,00,000, how much EMI will you have to pay?

The i10 hatchback is available from Hyundai. For the CNG model, the ex-showroom price comes to ₹7.22 lakh. The cost that you will be paying in Delhi comes to around ₹8.12 lakh. This consists of ₹7.22 lakh as the ex-showroom cost, ₹50,000 for the RTO charge, and around ₹39,000 for insurance.

In case you purchase the base model, the bank will be financing the ex-showroom price. So, after making a down payment of ₹1 lakh, you will have to finance approximately ₹7.12 lakh from the bank. If you are given ₹7.12 lakh for seven years at a nine percent interest rate, you will have to pay only ₹11,453 in EMIs per month for the next seven years.

If you take a car loan from a bank for ₹7.12 lakh for seven years at a nine percent interest rate, you will have to pay ₹11,453 in EMIs per month for seven years. In such a situation, in seven years, you will pay around Rs 2.50 lakh as interest for the hatchback car Hyundai i10. After which, the total price of the car including ex-showroom, on-road and interest will be around Rs 11.62 lakh.

The i10 is available for sale by Hyundai Motors in the entry-level hatchback car segment. It is offered at a very low price. As such, it competes directly with hatchback cars like Maruti Wagon R, Maruti Celerio, Maruti S Presso, Renault Kwid. It also faces competition from many entry-level SUVs and premium hatchback cars.

Hyundai manufactures vehicles in multiple segments in India. The Hyundai i10 Grand Nios is an example of a hatchback model. In case you plan to purchase the base model and make an initial payment of ₹1,00,000, how much EMI will you have to pay?

The i10 hatchback is available from Hyundai. For the CNG model, the ex-showroom price comes to ₹7.22 lakh. The cost that you will be paying in Delhi comes to around ₹8.12 lakh. This consists of ₹7.22 lakh as the ex-showroom cost, ₹50,000 for the RTO charge, and around ₹39,000 for insurance.

In case you purchase the base model, the bank will be financing the ex-showroom price. So, after making a down payment of ₹1 lakh, you will have to finance approximately ₹7.12 lakh from the bank. If you are given ₹7.12 lakh for seven years at a nine percent interest rate, you will have to pay only ₹11,453 in EMIs per month for the next seven years.

If you take a car loan from a bank for ₹7.12 lakh for seven years at a nine percent interest rate, you will have to pay ₹11,453 in EMIs per month for seven years. In such a situation, in seven years, you will pay around Rs 2.50 lakh as interest for the hatchback car Hyundai i10. After which, the total price of the car including ex-showroom, on-road and interest will be around Rs 11.62 lakh.

The i10 is available for sale by Hyundai Motors in the entry-level hatchback car segment. It is offered at a very low price. As such, it competes directly with hatchback cars like Maruti Wagon R, Maruti Celerio, Maruti S Presso, Renault Kwid. It also faces competition from many entry-level SUVs and premium hatchback cars.