- Good demand for Mahindra’s electric car BE6
- The car can be had with an EMI of just Rs 23,931
- Learn about down payments and calculations
One of the leading automobile manufacturers in the country Mahindra The company sells vehicles in various segments in the Indian market. Among the models available from this company, the electric SUV ‘Mahindra BE6’ is also available for purchase. If you are planning to buy this car then this news will be useful for you. After paying a down payment of Rs 5 lakh, let’s find out in detail how much EMI you will have to pay to bring this car home.
Mahindra BE6 Price
The ‘base variant’ of the Mahindra Company BE6 is priced at Rs 18.90 lakh. If this car is bought in Delhi, its on-road price is approximately Rs 19.87 lakh.
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EMI after down payment of Rs.5 lakh
If you buy the ‘base variant’ of this car, the bank will finance you based on the ‘ex-showroom’ price. Consequently, after making a ‘down payment’ of Rs 5 lakh, you will have to take the remaining amount of approximately Rs 14.87 lakh in the form of a loan from the bank. If the bank approves you a loan of Rs 14.87 lakh at 9% interest and for a tenure of seven years, you will have to pay an EMI of only Rs 23,931 per month for the next seven years.
What will be the total cost of this car?
If you take a car loan of Rs 14.87 lakh from a bank for a period of seven years and at an interest rate of 9%, you will have to pay an EMI of Rs 23,931 per month for the entire seven-year period. During these seven years, the Mahindra BE6 will cost you approximately Rs 5.22 lakh extra in interest. As a result, the total cost of this car, which includes ‘ex-showroom’ price, ‘on-road’ charges and interest paid, will be approximately Rs 25.10 lakh.
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Who will this car compete with?
Although the Mahindra BE6 faces competition from several SUVs in the market, its direct rivals include electric SUVs such as the Hyundai Creta Electric, Tata Curvv EV, MG Windsor EV and the Vinfast VF6.
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