Want to Buy the Tata Altroz Base Variant? Here’s the EMI Breakdown
Tata Motors offers the Tata Altroz in India’s premium hatchback segment. If you are planning to purchase the base petrol variant with a down payment of ₹1 lakh, here is a clear breakdown of the EMI, loan amount, and total ownership cost.
Tata Altroz Facelift Price Details
The base petrol variant of the Tata Altroz comes with an ex-showroom price of ₹6.30 lakh. If you buy the car in Delhi, the additional charges are approximately:
-
Registration: ₹51,000
-
Insurance: ₹32,000
After adding these costs, the estimated on-road price reaches ₹7.13 lakh.
EMI After ₹1 Lakh Down Payment
If you make a down payment of ₹1,00,000, the remaining amount financed by the bank will be around ₹6.13 lakh.
Loan Assumptions:
-
Loan amount: ₹6.13 lakh
-
Interest rate: 9% per annum
-
Tenure: 7 years (84 months)
👉 Monthly EMI: ₹9,872
👉 Loan tenure: 7 years
You will need to pay this EMI every month for the full tenure.
Total Cost Including Interest
Over seven years:
-
Total interest paid: ~₹2.15 lakh
-
Total repayment (principal + interest): ~₹8.28 lakh
When you add the down payment and on-road costs, the effective total cost of the car becomes approximately ₹9.29 lakh.
Key Rivals in the Segment
In the premium hatchback category, the Tata Altroz competes directly with:
-
Maruti Suzuki Baleno
-
Toyota Glanza
-
Hyundai i20
Additionally, due to its pricing, it also faces indirect competition from several entry-level compact SUVs.
With a ₹1 lakh down payment and ₹9,872 monthly EMI, the Tata Altroz base variant remains an affordable entry into the premium hatchback segment. However, the final EMI may vary depending on your bank’s interest rate, credit score, and exact on-road price.