Tata Sierra Smart Plus Diesel: EMI Starts at ₹21,478 with ₹2 Lakh Down Payment

Tata Motors sells vehicles in various segments and is one of the leading automakers in the country. The Tata Sierra is available as a mid-size SUV. The Smart Plus is available as a diesel variant of this SUV. If you are considering buying the diesel variant of the Tata Sierra, how much EMI can you pay every month after making a down payment of ₹2 lakh?

Tata Motors offers the Smart Plus as the diesel variant of the Sierra. The company has priced this mid-size SUV's diesel variant for sale at an ex-showroom price of ₹12.99 lakh. For Delhi, the ex-showroom price of ₹12.99 lakh will include the price of its registration and insurance. To purchase this vehicle, you'll need to pay a registration tax of approximately ₹1.62 lakh, insurance charges of approximately ₹60,000, and a TCS charge of ₹13,000. This brings the on-road price of the vehicle in Delhi to ₹15.34 lakh.

If you purchase the diesel variant of the Tata Sierra, bank financing will be provided at the ex-showroom price. Therefore, after making a down payment of ₹2 lakh, you'll need to finance an amount of approximately ₹13.34 lakh. If you are given a loan of ₹13.34 lakh from the bank for seven years at a nine percent interest rate, you will have to pay an EMI of just ₹21,478 per month for the next seven years.