Are you planning to buy brand new Tata Nexon EV Max And wondering how much EMI you will have to pay for an electric SUV? Here is a table showing the variant-wise on-road (Delhi) price of Tata EVs and minimum monthly installments 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 |
| XZ+ 3.3 kW |
Rs 18,65,577 | 5 years | 9.8% | Rs 1,75,000 | Rs 35,754 |
| XZ+ 7.2 kW AC Fast Charger |
Rs 19,17,866 | 5 years | 9.8% | Rs 1,90,000 | Rs 36,542 |
| XZ+ Lux 3.3 kW |
Rs 19,70,154 | 5 years | 9.8% | Rs 1,95,000 | Rs 37,542 |
| XZ+ Lux 7.2 kW AC Fast Charger |
Rupee. 20,22,443 | 5 years | 9.8% | Rs 2,00,000 | Rs 38,542 |
We have decided to take an average tenure of 5 years as standard with around 10% down payment amount and estimated 9.8% 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 one bank to another. 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.
new Tata Nexon EV The MAX is currently available in two trims – XZ+ and XZ+ Lux, both of which can be had with either a 3.3 kW standard charger or an optional 7.2 kW AC fast charger at an additional cost. Ex-showroom price of Nexon The price of 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.
Let’s say you decide to buy the XZ+ variant of the Nexon EV MAX with 7.2 kWA C fast charger which is currently priced at Rs 18.24 lakhs, ex-showroom. If you pay Rs 1.90 lakh as down payment out of the on-road (Delhi) price of Rs 19,17,866, you will get an EMI of Rs 36,542 for a period of 60 months (5 years) for the total loan amount. will have to be paid as 17,27,866 Rs. At the end of the tenure, you would have paid Rs 23,82,520 (inclusive of everything) for the electric SUV, which includes the one-time down payment paid initially.
Let us know in the comments below if you want to know the EMI of any other car of your choice!