Tata Motors has recently introduced the refreshed version of its electric SUV, the Nexon EV, under its new sub-brand, Tata.ev. This updated model comes with a new design, additional features, and a slightly improved range. The company is also planning to establish EV-only showrooms.
If you are considering buying the new Tata Nexon EV, you may be wondering about the monthly installment you would have to pay. Here is a breakdown of the variant-wise on-road prices (estimated) in Delhi, along with the lowest monthly installment for the Tata electric SUV, based on an average tenure of five years, a 10% interest rate, and a down payment.
– Creative + MR: On-road price of approximately Rs 15.52 lakh, with a monthly installment of Rs 26,608.
– Fearless MR: On-road price of around Rs 17.04 lakh, with a monthly installment of Rs 28,768.
– Fearless + MR: On-road price of approximately Rs 17.56 lakh, with a monthly installment of Rs 29,836.
– Fearless + S MR: On-road price of about Rs 18.09 lakh, with a monthly installment of Rs 30,777.
– Empowered MR: On-road price of around Rs 18.77 lakh, with a monthly installment of Rs 31,797.
– Fearless LR: On-road price of approximately Rs 19.13 lakh, with a monthly installment of Rs 32,511.
– Fearless + LR: On-road price of about Rs 19.65 lakh, with a monthly installment of Rs 33,367.
– Fearless + S LR: On-road price of around Rs 20.18 lakh, with a monthly installment of Rs 34,371.
– Empowered + LR: On-road price of approximately Rs 20.96 lakh, with a monthly installment of Rs 35,613.
Please note that the prices mentioned are before any subsidies and tax benefits.
The 2023 Tata Nexon EV is available in two configurations: Mid Range (MR) and Long Range (LR). The ex-showroom prices range from Rs 14.74 lakh to Rs 19.94 lakh. The on-road price in Delhi is estimated to be between Rs 15.52 lakh and Rs 20.96 lakh.
It is essential to consider that the loan tenure and interest rates may vary depending on the bank. Additionally, you have the flexibility to choose a higher or lower down payment, which will affect your equated monthly installment (EMI) accordingly.
If you have any questions or would like to know the loan EMI for any other vehicle, please let us know in the comments.
Source: 2023 Tata Nexon EV long-range detailed review: Raises the bar, feels futuristic | TOI Auto