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• Creative Plus is the base variant of Tata Nexon.
• This base variant costs Rs 12.49 lakh.
• 2 lakh down payment will have to be paid 18132 rupees.

The demand for electric vehicles in the Indian auto market is increasing steadily. Consumers are giving more priority than fuel -powered vehicles. Considering the same demand for consumers, many auto companies are offering electric cars equipped with good range and features in the market.

Even today, the electric vehicles of Tata Motors in the country are getting good response from consumers. The company has made it available for sale in electric segment for sale. If you are planning to buy this car, after a down payment of 2 lakh rupees, how many EMIs can you bring it home every month? Let us know about it today.

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How much of Tata Nexon EV costs?

The base variant of Tata Motors Nexon EV is available at an X-showroom price of Rs 13.99 lakh. If you buy this car in Delhi, its on-road price was around Rs 13.26 lakh. In addition to the cost of Rs 12.49 lakh, you will have to pay about Rs 7400 for RTO and about Rs 58,000 for insurance. In addition, 12400 rupees will be paid as TCC charges. The on-road price of this electric car is then Rs 13.26 lakh.

How much will be after the down payment of two million

If you buy the base variant of this car, the bank will finance only the X-showroom price. In this case, after paying a down payment of Rs 2 lakh, you will have to borrow Rs 11.26 lakh from the bank. If you get Rs 11.26 lakh for seven years with interest rates from the bank, you will have to pay only Rs 18132 per month for the next 7 years.

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If taking a loan, the expensive car

If you take a car loan of Rs 11.26 lakh for 7 years with interest from the bank, you will have to pay an EMI of Rs 18132 per month for seven years. In this case, in seven years you will have to pay about Rs 3.96 lakh for Tata Nexon EV. After that, you will have to pay the total cost of the car with X-showroom, on road and interest with about Rs 17.23 lakh.