Tata Altroz CNG EMI Explained: Own It at ₹11,596/Month with ₹1 Lakh Down Payment

Tata Motors is a leading Indian manufacturer of automobiles in several different categories. It has the Tata Altroz model under the premium hatchback category. How much will be the monthly payment for a seven-year period on EMI of the car in its CNG variant if your down payment is ₹100,000?

Tata Motors manufactures the Tata Altroz in the premium hatchback category. The CNG variant costs ₹7.30 lakh on ex-showroom basis. Your additional cost for registering and insuring the vehicle in Delhi will amount to ₹51,000 and ₹39,000, respectively, giving you an on-road price of ₹8.20 lakh.

In case you plan to finance the purchase of your Tata Altroz CNG variant through bank loan, the loan will be calculated on the ex-showroom price. So, after making a down payment of ₹1 lakh, you'll need to finance around ₹7.20 lakh from the bank. If you're given ₹7.20 lakh for seven years at a nine percent interest rate, you'll have to pay a monthly EMI of just ₹11,596 for the next seven years.