Planning to buy Kia Carens Clavis EV? Here’s your monthly EMI breakdown

Kia offers the Kia Carens Clavis EV in the electric MPV segment. What would be your EMI amount for purchasing the base version and investing ₹4 lakh as a down payment for seven years?

Kia offers Carens Clavis in the electric MPV segment. The base trim for this vehicle is HTK Plus. The ex-showroom price for this vehicle is ₹17.99 lakh. If you purchase this vehicle in Delhi, you would also need to pay around ₹75,000 for insurance. In addition, you would also need to pay around ₹18,000 as TCS charges. Hence, the on-road price for this vehicle would be around ₹18.92 lakh.

If you purchase the base version of Kia Carens Clavis EV, you would get bank finance at the ex-showroom price. So, after making a down payment of ₹4 lakh, you'll need to finance around ₹14.92 lakh from the bank. If you're given ₹14.92 lakh for seven years at a nine percent interest rate, you'll have to pay a monthly EMI of just ₹24,008 for the next seven years.

If you take a car loan from a bank for ₹14.92 lakh for seven years at a nine percent interest rate, you'll have to pay an EMI of ₹24,008 for seven years. In such a situation, in seven years, you will pay around Rs 5.24 lakh as interest for the Kia Carens Clavis EV. After which, the total price of your car, including ex-showroom, on-road, and interest, will be around Rs 24.16 lakh.

Carens Clavis EV is offered by the automaker Kia in the electric MPV segment. In this segment, it competes directly with the BYD EMax 7 electric MPV. Apart from this, in terms of price, it faces tough competition from electric SUVs like MG Windsor EV, Tata Curvv EV, Hyundai Creta Electric, Mahindra BE6.