Know Tata Nexon EV MAX EMI ready on Rs 1.75 lakh down payment: Details explained

By on May 14, 2022 0
Tata Motors recently launched the long-range Nexon EV MAX in the Indian market, which sits at the top of the standard Nexon EV range and offers a host of new features, a larger battery with extended range and a slightly more powerful electric motor . The car gets a 40.5kWh battery that offers an ARAI-certified range of 437km, and its electric motor produces 143PS and 250Nm of torque.
Are you planning to buy the brand new Tata Nexon EV MAX and wondering how much EMI you will have to pay for the electric SUV? Here is a table showing the on-road (Delhi) price per variant of the Tata EV, and the lowest monthly installment you would have to shell out, keeping in mind an average term, return on investment, as well as a down payment –
Variant On-road prices
(Delhi)
Mandate Interest rate
(valued)
Deposit NDE
XZ+
3.3kW
Rs 18,65,577 5 years 9.8% Rs 1,75,000 35,754 rupees
XZ+
7.2kW AC fast charger
Rs 19,17,866 5 years 9.8% Rs 1,90,000 36,542 rupees
XZ+ Lux
3.3kW
Rs 19,70,154 5 years 9.8% Rs 1,95,000 37,542 rupees
XZ+ Lux
7.2kW AC fast charger
Rs 20,22,443 5 years 9.8% Rs 2,00,000 38,542 rupees

We have decided to take an average occupancy period of 5 years as standard, with a down payment of approximately 10% and an estimated bank interest rate of 9.8%. Note that the buyer is free to decide the duration for which he will take out the loan, while the interest rate varies from one bank to another. Additionally, you can also choose to pay a higher or lower down payment, which will decrease or increase your Easy Monthly Payment (EMI) respectively.
The new Tata Nexon EV MAX is currently available in two versions – XZ+ and XZ+ Lux, both of which can be fitted with a standard 3.3kW charger or an optional 7.2kW AC fast charger for a fee. additional cost. The ex-showroom price of the Nexon EV MAX ranges from Rs 17.74 lakh to Rs 19.24 lakh. However, the on-road (Delhi) price of the electric SUV starts at Rs 18.66 lakh and goes up to Rs 20.22 lakh.
Suppose you decide to buy the XZ+ variant of the Nexon EV MAX with the 7.2 kWA C fast charger, which currently has an ex-showroom price of Rs 18.24 lakh. If you pay Rs 1.90 lakh as a down payment on the price of Rs 19,17,866 on the road (Delhi), you will end up paying Rs 36,542 as an EMI for a period of 60 months (5 years) for a total amount of loan of Rs 17,27,866. At the end of the term, you would have paid Rs 23,82,520 (all inclusive) for the electric SUV, which also includes the one-time deposit paid at the start.
Let us know in the comments below if you want to know the EMI for any other car of your choice!