Tata Sierra Smart Plus Diesel: EMI Starts at ₹21,478 with ₹2 Lakh Down Payment

Tata Motors sells vehicles in various segments and is one of the leading automakers in the country. The Tata Sierra is available as a mid-size SUV. The Smart Plus is available as a diesel variant of this SUV. If you are considering buying the diesel variant of the Tata Sierra, how much EMI can you pay every month after making a down payment of ₹2 lakh?

Tata Motors offers the Smart Plus as the diesel variant of the Sierra. The company has priced this mid-size SUV's diesel variant for sale at an ex-showroom price of ₹12.99 lakh. For Delhi, the ex-showroom price of ₹12.99 lakh will include the price of its registration and insurance. To purchase this vehicle, you'll need to pay a registration tax of approximately ₹1.62 lakh, insurance charges of approximately ₹60,000, and a TCS charge of ₹13,000. This brings the on-road price of the vehicle in Delhi to ₹15.34 lakh.

If you purchase the diesel variant of the Tata Sierra, bank financing will be provided at the ex-showroom price. Therefore, after making a down payment of ₹2 lakh, you'll need to finance an amount of approximately ₹13.34 lakh. If you are given a loan of ₹13.34 lakh from the bank for seven years at a nine percent interest rate, you will have to pay an EMI of just ₹21,478 per month for the next seven years.

If you take a car loan of ₹13.34 lakh from the bank for seven years at a nine percent interest rate, you will have to pay an EMI of ₹21,478 per month for seven years. In this case, you will pay approximately ₹4.69 lakh as interest for the diesel variant of the Tata Sierra over seven years. After this, the total price of your car, including ex-showroom, on-road, and interest, will be approximately ₹20.04 lakh.

The Sierra is positioned by Tata in the mid-size SUV segment. In this segment, it competes directly with SUVs like the Tata Harrier, Toyota Urban Cruiser Hyryder, Hyundai Creta, Kia Seltos, MG Hector, Honda Elevate, and Maruti Grand Vitara.