The Tata Nexon A Stylish and Affordable SUV for the Indian Family

The Tata Nexon has been in huge demand with Indian families ever since it launched as a fashionable blend of utility, performance, and affordability. With the price of the 2024 model just hiked by Tata Motors, its base variant continues to be pretty attractive in its price range. So, if you want to dream about having an SUV but find that the budget seems too tight, then look no further: the Nexon and smart financing could just fit the bill for you.

Financing Your Dream EMI Options

Let’s calculate the costs. In Delhi, the on-road price of the base Nexon is around Rs. 9.19 lakhs. Let’s assume you can afford a down payment of Rs. 1 lakh. That means you will have to take a loan of about Rs. 8.19 lakhs. Now, assuming an interest rate of 8.8% per annum, your monthly Equated Monthly Installment (EMI) over a 3-year loan term would be about Rs. 25,000. Of course, this is an estimate. The actual EMI will depend on your credit score, the bank you have chosen, and the loan tenure. A bigger down payment will reduce your monthly outgo and the total interest you pay substantially.

Is the Nexon Right for Your Budget

If your monthly income comfortably exceeds Rs. 60,000, a monthly EMI of Rs. 25,000 should not be a burden. However, it is important to assess your finances carefully before committing to any loan.

Fuel Efficiency and Performance

Fuel efficiency is a signature trait of Tata Nexon. Even though not a hybrid, this car provides an option in petrol, diesel, and CNG variants. With 1.2-litre turbocharged Revotron, there’s a very balanced performance that makes the power stand at 88.2 PS while delivering a maximum torque of 170 Nm. This can get a mileage figure as high as 17 km per liter up to 24, depending upon conditions and type of fuel.

The primary focus of Tata Motors is safety. Safety features for the Nexon include dual airbags, ABS with EBD, and rear parking sensors. Some trims include features like electronic stability control, traction control, and a rearview camera.

A Stylish and Versatile Companion

The Nexon is really stylish and has so much space inside; it’s great to have around the town or as a weekend get-away. Drive through the busy city streets or on a long road trip; it’s got comfort and fun everywhere. The Tata Nexon presents a compelling proposition for Indian families seeking a stylish, safe, and affordable SUV. With competitive pricing, attractive financing options, and a strong emphasis on safety and performance, the Nexon continues to be a strong contender in the Indian SUV market.

Disclaimer: This is an information piece and should in no way be considered financial advice. Please refer to a qualified financial advisor 1 before making any decisions as to what options are best suited for your needs.