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Planning to Buy Maruti Victoris Hybrid? Here’s the EMI After ₹2 Lakh Down Payment
Car Finance Plan: Automaker Maruti Suzuki sells vehicles in several segments in the Indian market. The Maruti Victoris is also sold by the manufacturer. If you are considering purchasing the hybrid variant of this SUV, how much EMI can you pay per month after making a down payment of just ₹2 lakh? Let's find out.
Maruti Suzuki, a leading automaker with offerings across various segments, presents the Maruti Victoris as a mid-size SUV. If you're interested in the hybrid version and plan to make a ₹2 lakh down payment, here's what your monthly EMI might look like. This article provides the details.
The Victoris comes in multiple variants, including the hybrid VXI Strong Hybrid. The ex-showroom price for this hybrid is ₹16.38 lakh. In Delhi, additional costs include approximately ₹1.64 lakh for RTO, about ₹73,000 for insurance, and roughly ₹16,000 as TCS charges. When these are added, the total on-road price reaches around ₹18.91 lakh.
For the hybrid, the bank finances only the ex-showroom price. After a ₹2 lakh down payment, you need to finance approximately ₹16.91 lakh. If the bank provides this amount over seven years at 9% interest, your monthly EMI will be about ₹27,207.
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Over seven years, paying this EMI entails about ₹5.94 lakh in interest. Including the ex-showroom, on-road costs, and interest, the total amount paid for the car would be around ₹24.85 lakh.
The Victoris competes in the mid-size SUV segment, facing direct rivals like the Maruti Grand Vitara, Kia Seltos, Hyundai Creta, Honda Elevate, Mahindra XUV700, and Scorpio N.
