Tata Motors is an Indian automobile manufacturer whose vehicles are classified into different categories. It also makes the Tata Tiago available as a hatchback. Suppose you are considering purchasing the CNG variant of this vehicle, what will be the monthly EMI payable after paying ₹2 lakh as a down payment?

A base model of this vehicle costs ₹5.54 lakh on an ex-showroom basis. In Delhi, the on-road cost is approximately ₹6.09 lakh, comprising ₹5.54 lakh (ex-showroom) + around ₹22,000 for RTO + around ₹33,000 for insurance.

In case of purchasing the base model of this vehicle, the financing will be done by the bank on the ex-showroom price. So, after making a down payment of ₹2 lakh, you will have to finance an amount of approximately ₹4.09 lakh from the bank. If you are given ₹4.09 lakh for seven years at a nine percent interest rate, you will have to pay an EMI of only ₹6,585 per month for the next seven years.

If you take a car loan from a bank for ₹4.09 lakh for seven years at a nine percent interest rate, you will have to pay an EMI of ₹6,585 per month for seven years. Thus, over seven years, you will pay approximately ₹1.43 lakh as interest on the Tiago. After which, you will pay a total price of around ₹7.53 lakh (ex-showroom, on-road, and interest).

The Tiago is offered by Tata Motors in the hatchback segment. In the Indian market, it competes directly with hatchbacks like the Maruti Alto K10, Celerio, S-Presso, Wagon R, and Hyundai Grand Nios i10. Furthermore, in terms of price, it faces stiff competition from numerous hatchbacks, premium hatchbacks, and SUVs.

If you take out a car loan from a bank for ₹3.10 lakh for seven years at an interest rate of 9%, you will have to pay an EMI of ₹4,996 per month for seven years. Thus, over seven years, you will pay around ₹1.09 lakh (ex-showroom, on-road, and interest). The total price of the Tiago, including ₹6.19 lakh (ex-showroom, on-road, and interest), will be around ₹6.19 lakh.

The Tiago is offered by Tata Motors in the hatchback segment. In the Indian market, it competes directly with hatchbacks like the Maruti Alto K10, Celerio, S-Presso, Wagon R, and Hyundai Grand Nios i10. Furthermore, it faces stiff competition from a number of other hatchbacks, premium hatchbacks, and SUVs in the price segment.

Tata Motors is an Indian automobile manufacturer whose vehicles are classified into different categories. It also makes the Tata Tiago available as a hatchback. Suppose you are considering purchasing the CNG variant of this vehicle, what will be the monthly EMI payable after paying ₹2 lakh as a down payment?

A base model of this vehicle costs ₹5.54 lakh on an ex-showroom basis. In Delhi, the on-road cost is approximately ₹6.09 lakh, comprising ₹5.54 lakh (ex-showroom) + around ₹22,000 for RTO + around ₹33,000 for insurance.

In case of purchasing the base model of this vehicle, the financing will be done by the bank on the ex-showroom price. So, after making a down payment of ₹2 lakh, you will have to finance an amount of approximately ₹4.09 lakh from the bank. If you are given ₹4.09 lakh for seven years at a nine percent interest rate, you will have to pay an EMI of only ₹6,585 per month for the next seven years.

If you take a car loan from a bank for ₹4.09 lakh for seven years at a nine percent interest rate, you will have to pay an EMI of ₹6,585 per month for seven years. Thus, over seven years, you will pay approximately ₹1.43 lakh as interest on the Tiago. After which, you will pay a total price of around ₹7.53 lakh (ex-showroom, on-road, and interest).

The Tiago is offered by Tata Motors in the hatchback segment. In the Indian market, it competes directly with hatchbacks like the Maruti Alto K10, Celerio, S-Presso, Wagon R, and Hyundai Grand Nios i10. Furthermore, in terms of price, it faces stiff competition from numerous hatchbacks, premium hatchbacks, and SUVs.

If you take out a car loan from a bank for ₹3.10 lakh for seven years at an interest rate of 9%, you will have to pay an EMI of ₹4,996 per month for seven years. Thus, over seven years, you will pay around ₹1.09 lakh (ex-showroom, on-road, and interest). The total price of the Tiago, including ₹6.19 lakh (ex-showroom, on-road, and interest), will be around ₹6.19 lakh.

The Tiago is offered by Tata Motors in the hatchback segment. In the Indian market, it competes directly with hatchbacks like the Maruti Alto K10, Celerio, S-Presso, Wagon R, and Hyundai Grand Nios i10. Furthermore, it faces stiff competition from a number of other hatchbacks, premium hatchbacks, and SUVs in the price segment.