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Mahindra XEV 9e Base Variant EMI Explained: Monthly Installment, Down Payment and Total Ownership Cost
If you're considering buying the base variant of the Mahindra XEV 9e, an electric SUV offered in the Indian market by the automaker Mahindra, how much monthly payment can you make after paying ₹6 lakh? Let's find out.
Mahindra XEV 9e is available in India as an electric SUV manufactured by Mahindra. However, if you are looking to buy the base model of this SUV, how much EMI would be payable after making a down payment of ₹6 lakh? Well, here is the information.
Mahindra XEV 9e is available in India as an electric SUV by Mahindra. Ex-showroom price of the base variant of the SUV is ₹21.90 lakh. On buying this car in Delhi, you have to pay ₹4,200 as RTO and around ₹98,000 as insurance. Moreover, the TCS on the SUV is ₹21,000. This means that the on-road price of the Mahindra XEV 9e will be ₹23.14 lakh.
If you buy the base variant, the bank will finance the ex-showroom price. So, after making a down payment of ₹6 lakh, you'll have to finance around ₹17.14 lakh from the bank. If the bank gives you ₹17.14 lakh for seven years at 9% interest, you'll have to pay an EMI of ₹27,582 per month for the next seven years.
