North India Statesman
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New Delhi. If you are dreaming of buying an affordable and powerful compact SUV, then Tata Motors' new Punch Facelift can fit in your budget. The company has recently launched this SUV in the market and it has now become easier than ever to take home its base variant with a down payment of just Rs 2 lakh.
What is the price of Tata Punch Facelift?
The base variant 'Smart' of Tata Punch facelift is available at an ex-showroom price of Rs 5.65 lakh. If you buy it in Delhi, you will have to pay about Rs 22 thousand as registration tax and about Rs 34 thousand separately for insurance. In this way, the on-road price of this car in Delhi becomes around Rs 6.21 lakh.
What will be the EMI after 2 lakh down payment?
Banks usually finance the vehicle at the ex-showroom price only. In such a situation, after making a down payment of Rs 2 lakh, you will have to take a loan of around Rs 4.21 lakh. If the bank gives this loan for 7 years at 9 percent interest rate, then EMI of only Rs 6776 is made every month.
How much will this car cost overall?
By paying EMI of Rs 6776 per month for a period of 7 years, you will pay a total of Rs 1.48 lakh only as interest. Including ex-showroom price, on-road charges and interest, the total cost of the base variant of Tata Punch Facelift will be around Rs 6.69 lakh.
There is direct competition with these vehicles
In the compact SUV segment, Tata Punch directly competes with popular SUVs like Nissan Magnite, Renault Kiger and Hyundai Exter. In such a situation, buyers have no dearth of options, but Tata's brand trust and affordable EMI make it stand out from the crowd.
