Tata Motors Tata Punch Facelift AMT EMI Explained: Pay ₹10,430 Monthly After ₹2 Lakh Down Payment

Recently, Tata Motors, a leading car manufacturer in India, launched the Tata Punch Facelift in the compact SUV segment. How much would your EMI be for the Automatic variant of this car, considering you pay a down payment of 2 lakh?

Recently, Tata Motors launched the Punch Facelift. The Automatic variant of this car is called the Pure Plus AMT. The price of the Automatic variant of this car, including registration, is 7.55 lakh rupees. The registration amount in Delhi is approximately 53,000, and the insurance amount is approximately 40,000.

If you purchase the automatic variant of the Tata Punch, the bank will finance the ex-showroom price. Therefore, after making a down payment of ₹2 lakh, you will need to finance approximately ₹6.48 lakh from the bank. If the bank provides you ₹6.48 lakh for seven years at 9% interest, you will have to pay an EMI of only ₹10,430 per month for the next seven years.

If you take a car loan of Rs 6.48 lakh from the bank for seven years with an interest rate of nine percent, then you will have to pay an EMI of Rs 10430 every month for seven years. In this case, in seven years you will pay around Rs 2.28 lakh as interest for the automatic variant of Tata Punch Facelift. After which the total price of your car including ex-showroom, on-road and interest will be around Rs 10.76 lakh.

The Punch is brought by the manufacturer in the compact SUV segment. In this segment, it competes directly with SUVs like Nissan Magnite, Renault Kiger, Hyundai Exter.