MG Windsor Pro EV Costs ₹24,369 EMI Per Month After ₹3 Lakh Down Payment

MG Motors, a UK-based auto manufacturer, offers cars in different genres in the Indian auto market. The MG Windsor Pro EV, which is also available from the same brand, is also available in the market. If you are also thinking of buying it, how much EMI am I supposed to pay after making a down payment of ₹3 Lakh?

MG Motors has launched the base variant of the Windsor Pro EV at an ex-showroom price of ₹17.24 lakh. On making a purchase in Delhi, the on-road price of the vehicle is approximately ₹18.15 lakh. Along with the ex-showroom price of ₹17.24 lakh, there would be a certain charge for insurance, which is roughly around ₹72,000. Additionally, there is a charge for TCS, which is roughly around ₹17,000.

If you purchase the Pro variant of this vehicle, bank financing will be provided at the ex-showroom price. After making a down payment of ₹3 lakh, you'll need to finance approximately ₹15.15 lakh from the bank. If you're given ₹15.15 lakh for seven years at 9% interest, you'll have to pay a monthly EMI of only ₹24,369 for the next seven years.

If you take a car loan of Rs 15.15 lakh from the bank for seven years with an interest rate of 9%, then you will have to pay an EMI of Rs 24369 every month for seven years. In this case, in seven years, you will pay around Rs 5.32 lakh as interest for the MG Windsor Pro EV. After which, you will pay around Rs 23.46 lakh for the car, including ex-showroom, on-road, and interest.

The Windsor Pro EV is brought by JSW MG as an electric vehicle. It faces competition from many SUVs in the market, but its direct competition is with electric SUVs like Tata Curvv EV, Mahindra BE6.