Tata Tigor Base Variant EMI: ₹8,173 Per Month After ₹1 Lakh Down Payment

Tata Motors, one of India's leading automakers, offers vehicles across various segments. The manufacturer provides the Tata Tigor in the compact sedan segment. Is the goal to buy the base variant of the sedan car and take home the car after making the down payment amount of ₹100,000? Then know the amount of EMI you will have to pay every month.

TataMotors has the Tigor model in the compact sedan category. The ex-showroom price of this model (TataTigorPrice) is ₹5.49 lakh. If this car is purchased in Delhi, you will have to pay approximately ₹29,000 for RTO and approximately ₹30,000 for insurance. Next, the on-road price for the Tata Tigor will be approximately ₹6.08 lakhs.

If you purchase the base variant of this car, the bank will finance the ex-showroom price only. Thus, after making a down payment of ₹1 lakh, you will have to finance approximately ₹5.08 lakh from the bank. If you are given ₹5.08 lakh for seven years at a nine percent interest rate, you will have to pay an EMI of ₹8,173 per month for the next seven years.

If you take a car loan from the bank for ₹5.08 lakh for seven years at a nine percent interest rate, you will have to pay an EMI of ₹8,173 per month for seven years. In such a situation, in seven years, you will pay around Rs 1.78 lakh as interest for the base variant of Tata Tigor. After which the total price of your car including ex-showroom, on-road and interest will be around Rs 7.86 lakh.

Tata offers Tigor as a compact size sedan. This car directly competes with sedan cars like the new generation Maruti Dzire, Honda Amaze, Hyundai Aura in the market. Apart from this, it also faces competition from SUVs like Maruti Brezza, Hyundai Venue, Tata Nexon, Kia Syros, Kia Sonet in terms of price.