Auto Desk, New Delhi. Tata Motors, one of India's leading automobile manufacturers, sells vehicles in many segments. Tata Tigor is offered by the manufacturer in the compact sedan car segment. If you are also planning to buy the base variant of this sedan car and want to bring the car home after making a down payment of Rs 1 lakh, then how much EMI will have to be paid every month. We are giving you this information in this news.
Tigor is offered by Tata Motors in the compact sedan car segment. The ex-showroom (Tata Tigor Price) price of this vehicle is Rs 5.49 lakh. If this car is purchased in Delhi, then around Rs 29 thousand will have to be paid for RTO and around Rs 30 thousand for insurance. After which Tata Tigor on road price becomes around Rs 6.08 lakh.
How much EMI after one lakh down payment
If you buy the base variant of this vehicle, then financing will be done by the bank at the ex-showroom price only. In such a situation, after making a down payment of Rs 1 lakh, you will have to finance around Rs 5.08 lakh from the bank. If the bank gives you Rs 5.08 lakh for seven years with nine percent interest, then you will have to pay EMI of Rs 8173 every month for the next seven years.
How much will the car cost?
If you take a car loan of Rs 5.08 lakh from a bank for seven years with an interest rate of nine percent, then you will have to pay EMI of Rs 8173 every 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.
Who is there to compete with?
Tigor is offered by Tata as a compact size sedan. From the company's side, this vehicle competes directly in the market with sedan cars like new generation Maruti Dzire, Honda Amaze, Hyundai Aura. Along with this, it also faces challenge from SUVs like Maruti Brezza, Hyundai Venue, Tata Nexon, Kia Syros, Kia Sonet in terms of price.