Know 2022 Mahindra XUV300 TurboSport loan EMI on Rs 1.2 lakh down payment: Details explained – Times of India

Mahindra & Mahindra recently introduced the XUV300 TurboSport in India – a more powerful version of its sub-compact SUV with a new 1.2-litre mStallion T-GDi turbo petrol engine rated at 128 bhp/230 Nm. This makes the XUV300 TurboSport the most powerful sub-4m ICE car in India.
Planning to buy the 2022 Mahindra XUV300 TurboSport and wondering how much EMI would you have to pay? Here’s a table showing the variant-wise on-road (Delhi) price of the Mahindra SUV, and the lowest monthly installment you would have to shell out for it, keeping in mind an average tenure, ROI, as well as down payment –

Variant On-road price
Tenure Interest rate
Down payment EMI
W6 Rs 12 lakh 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
dual tone
Rs 13.66 lakh 5 years 10% Rs 1,37,000 Rs 26,112
W8 (O) Rs 14.75 lakh 5 years 10% Rs 1,47,000 Rs 28,215
W8 (O)
dual tone
Rs 14.92 lakh 5 years 10% Rs 1,49,000 Rs 28,538

To make it easier for you, we have chosen an average tenure period of 5 years as standard, along with approximately 10% down payment amount, and an estimated 10% bank interest rate. Do note that the buyer is free to decide the tenure for which he/she will be taking the loan for, whereas the interest rate varies from one bank to another. Moreover, you can also choose to pay a higher or a lower down payment, which will decrease or increase your easy monthly installment (EMI) respectively.
Mahindra currently retails the XUV300 TurboSport in India at a starting price of Rs 10.35 lakh for the entry-level W6 variant, going all the way 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 currently ranges between Rs 12 lakh and Rs 14.92 lakh.
For example, let’s assume you decide on purchasing the W8 (O) variant of the new Mahindra XUV300 TurboSport, which currently has an ex-showroom price of Rs 12.75 lakh. If you pay Rs 1.47 lakh as down payment out of the Rs 14.75 lakh on-road (Delhi) price, you would end up paying about Rs 28,215 as EMI for a period of 60 months (5 years) against a total loan amount of Rs 13.28 lakh. At the end of the tenure, you would have paid Rs 16.93 lakh for the SUV over and above the down payment.
Do let us know in the comments down below if you would like to know the EMI for any other car, motorcycle or scooter of your choice.

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