plan to buy by 2022 Mahindra XUV300 Turbosport And wondering how much EMI will you have to pay? Here is a table that shows the variant-wise on-road (Delhi) price of Mahindra SUV, and the lowest monthly installment you will need to pay for this, taking into account the average tenure, ROI, as well as down payment –
| type | on-road price (Delhi) |
tenure | Rate of interest (Estimated) |
advanced payment | EMI |
| W6 | 12 lakh rupees | 5 years | 10% | Rs 1,20,000 | Rs 22,940 |
| W8 | Rs 13.49 lakh | 5 years | 10% | Rs 1,35,000 | Rs 25,789 |
| W8 double vowel |
Rs 13.66 lakh | 5 years | 10% | Rs 1,37,000 | Rs 26,112 |
| W8 (o) | Rupee. 14.75 lakh | 5 years | 10% | Rs 1,47,000 | Rs 28,215 |
| W8 (o) double vowel |
Rupee. 14.92 lakh | 5 years | 10% | Rs 1,49,000 | Rupee. 28,538 |
To make it easy for you, we have chosen an average tenure of 5 years as standard with an approximate 10% down payment amount and an estimated 10% bank interest rate. Note that the buyer is free to decide the period for which he will take the loan, while the interest rate varies from bank to bank. In addition, you can also choose to pay a higher or lower down payment, which will increase or decrease your Easy Monthly Installment (EMI) respectively.
Mahindra currently sells the XUV300 TurboSport in India at a starting price of Rs 10.35 lakh for the entry-level W6 variant, which goes up to Rs 12.90 lakh (both prices, ex-showroom) for the range-topping W8 (O) . Dual tone model. However, the on-road (Delhi) price of the Mahindra SUV is currently between Rs 12 lakh and Rs 14.92 lakh.
For example, let’s say you decide to buy the W8(O) version of the new Mahindra XUV300 TurboSport, which is currently priced at Rs 12.75 lakh ex-showroom. If you pay Rs 1.47 lakh as down payment out of the on-road (Delhi) price of Rs 14.75 lakh, you will have to pay Rs 28,215 as EMI for a period of 60 months (5 years) , while the total loan amount is Rs. 13.28 lakhs. At the end of the tenure, you would have paid Rs 16.93 lakh for the SUV in addition to the down payment.
If you want to know the EMI of any other car, motorcycle or scooter of your choice, then do let us know in the comments below.