Tata Sierra Smart Plus EMI Breakdown: How Much You’ll Pay After ₹2 Lakh Down Payment

Tata Motors is one of the leading automobile manufacturers in the country. Tata Motors has various cars in the market. Tata Motors offers the Tata Sierra as an SUV. The base version of the SUV is the Smart Plus. If you're planning to buy the base variant of the Tata Sierra, how much will the EMI be after making a down payment of ₹2 lakh?

Tata Motors has mentioned the Smart Plus as the base version of the Tata Sierra. The diesel version of the mid-size SUV is priced at Rs. 11.49 lakh ex-showroom. If the buyer purchases the vehicle in Delhi, the ex-showroom price already includes registration and insurance. The vehicle also requires registration tax of Rs. 1.15 lakh, insurance of Rs. 55,000, and the TCS amount of Rs. 11,000. Therefore, the on-road price of the vehicle in Delhi is around Rs. 13.30 lakh.

If you purchase the base variant of the Tata Sierra, bank financing will be provided at the ex-showroom price. After making a down payment of ₹2 lakh, you will have to finance an amount of approximately ₹11.30 lakh from the bank. If you are given a loan of ₹11.30 lakh from the bank for seven years at a nine percent interest rate, you will have to pay an EMI of only ₹18,188 per month for the next seven years.

If you take a car loan of ₹11.30 lakh from the bank for seven years at a nine percent interest rate, you will have to pay an EMI of ₹18,188 per month for seven years. In this case, you will pay approximately ₹3.97 lakh as interest for the base 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 ₹17.27 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.