Maruti Suzuki Maruti Victoris CNG EMI starts at ₹16,595 with ₹3 lakh down payment

Automotive manufacturer Maruti Suzuki offers vehicles in several segments. Maruti Victoris is a mid-size SUV. Suppose you wish to buy the CNG version of the car and take the car home after making a down payment of 3 lakhs. What will your monthly EMI be?

Maruti Suzuki has brought out several variants of the Victoris. Among them, the LXI is the CNG version. The CNG version of the car, i.e., Maruti Victoris Price, costs 11.50 lakhs. Suppose you wish to buy this car and drive it back to your home in Delhi. You will need to pay 1.15 lakhs for RTO and 55,000 for insurance. You will also need to pay 11,499 in TCS. All of this adds up to 13.31 lakhs, which is the on-road price of the Maruti Victoris.

If you purchase the CNG variant of this car, the bank will finance the ex-showroom price. Thus, after making a down payment of ₹3 lakh, you will have to finance approximately ₹10.31 lakh from the bank. If the bank gives you ₹10.31 lakh for seven years at 9% interest, you will have to pay an EMI of ₹16,595 per month for the next seven years.

If you take a car loan of Rs 10.31 lakh from the bank for seven years with an interest rate of 9%, then you will have to pay an EMI of Rs 16595 every month for seven years. In such a situation, in seven years you will pay around Rs 3.62 lakh as interest for Maruti Victoris CNG. After which the total price of your car including ex-showroom, on-road and interest will be around Rs 16.94 lakh.

Maruti Suzuki has offered Victoris as an SUV larger than four meters. This car directly competes in the market with SUVs like Maruti Grand Vitara, Kia Seltos, Hyundai Creta, Honda Elevate, Mahindra XUV 700, Scorpio N.