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MG Windsor EV: ₹2 Lakh Down Payment, ₹20,820 EMI for 7 Years; Total Cost ₹19.49 Lakh
Car Finance Plan MG: Motors sells vehicles in many segments in India. MG Windsor EV is also sold by the manufacturer. If you are planning to buy the base variant of this EV and bring it home, then after making a down payment of just Rs 2 lakh, how much EMI can be paid every month to bring it home. Let's know.
British automaker MG Motors sells vehicles across various segments in the Indian market. The MG Windsor EV offered by the manufacturer is also available for sale. If you are planning to buy it, after making a down payment of Rs 2 lakh, how much EMI can you pay each month to bring it home?
The base variant of the Windsor EV is offered by MG Motors at an ex-showroom price of Rs 13.99 lakh. If you buy it in Delhi, its on-road price comes to around Rs 14.94 lakh. This price includes the ex-showroom price of Rs 13.99 lakh, approximately Rs 6300 for RTO, and about Rs 73,000 for insurance.
Additionally, Rs 14700 will be paid as TCS charge, making the on-road price Rs 14.94 lakh. If you purchase the base variant, the bank will fund only the ex-showroom price. After a Rs 2 lakh down payment, you will need to finance about Rs 12.94 lakh from the bank. With a seven-year loan at nine percent interest, you will have an EMI of approximately Rs 20820 per month.
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Over seven years, you will pay roughly Rs 4.55 lakh in interest, bringing the total cost of the MG Windsor EV to around Rs 19.49 lakh, including ex-showroom, on-road charges, and interest. The Windsor EV is marketed as an electric vehicle by JSW MG. While it faces competition from many SUVs in the market, it directly competes with electric models such as Tata Curvv EV and the Mahindra BE6.
