This article provides details on the Tata Nexon Diesel Smart variant's price, EMI details, and competitors. It includes calculations for EMI and total cost with a ₹1 lakh down payment.
Tata Motors offers the diesel variant of the Nexon. The ex-showroom price is ₹10 lakh. In Delhi, RTO charges are approximately ₹83,000, and insurance is around ₹43,000. The on-road price is roughly ₹11.25 lakh. These costs may vary based on your city.
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EMI Calculation with ₹1 Lakh Down Payment
With a ₹1 lakh down payment on the Nexon Diesel Smart, you'll need financing for about ₹10.25 lakh. At a 9% interest rate over seven years, your monthly EMI will be around ₹16,506. Longer loan terms lower your monthly EMI but increase the overall interest burden.
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Total Cost Over Seven Years
Borrowing ₹10.25 lakh at 9% interest for seven years means paying approximately ₹3.60 lakh in interest. Adding this to the ex-showroom and on-road costs, the total cost of the Tata Nexon Diesel Smart reaches nearly ₹14.86 lakh by the end of the loan term.
Tata Nexon Diesel: Engine Performance at a Competitive Price
Despite the costs, the Nexon Diesel Smart offers strong value with its powerful engine and affordable, feature-rich package. Tata Motors positions the Nexon Diesel Smart to deliver a robust driving experience, making it an attractive choice for those seeking a durable subcompact SUV.
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Competitors in the Segment
The Tata Nexon Diesel competes in the sub-4-meter SUV segment against rivals like the Renault Kiger, Maruti Brezza, Mahindra XUV300, Kia Sonet, Hyundai Venue, Nissan Magnite, and the upcoming Kia Seltos. A detailed comparison of these models can help determine if the Tata Nexon Diesel is the right fit.
