Monthly Salary to Own New Tata Tigor Base Model: Complete Details

If you’re eyeing the new 2024 Tata Tigor Base model, it’s essential to understand the financial aspects before driving off into the sunset. Let’s break down the numbers and create a clear picture of what it takes to own this stylish sub-compact sedan.

1. Ex-showroom Price:

The ex-showroom price in New Delhi for the Tata Tigor Base model ranges from ₹6.30 lakh to ₹9.55 lakh. This is the cost of the car without additional charges like taxes and registration fees.

2. On-Road Price in 2024:

The on-road price includes the ex-showroom price along with other expenses such as RTO charges and insurance. In New Delhi, the on-road price starts at approximately ₹7.07 lakh and goes up to ₹9.62 lakh for the top-tier variant.

3. Minimum Downpayment:

To drive your brand-new Tigor home, you’ll need to make a downpayment. Let’s assume you choose the base model priced at ₹6.30 lakh. A typical downpayment is around 20% of the car’s value. So, your minimum downpayment would be approximately ₹1.26 lakh.

4. Monthly EMI:

The remaining amount after the downpayment can be financed through a car loan. For a loan amount of ₹5.04 lakh (₹6.30 lakh minus the downpayment), the monthly EMI for a 5-year tenure at an interest rate of 9.8% would be approximately ₹13,513.

5. Yearly EMI:

Multiply the monthly EMI by 12 to get the yearly EMI. In this case, it’s around ₹1,62,156.

6. Estimated Monthly and Yearly Salary / Income:

To comfortably afford the Tigor, consider your monthly and yearly income. Let’s assume you allocate 30% of your monthly salary towards the car EMI. If your monthly salary is ₹45,000, your estimated monthly EMI fits well within this budget.

For yearly calculations, your estimated yearly salary should be at least ₹5,44,000 (12 times the monthly salary). This ensures that your car expenses don’t strain your overall financial health.


AspectAmount (₹)
Ex-showroom Price6,30,000
On-Road Price (approx.)7,07,000
Minimum Downpayment1,26,000
Monthly EMI13,513
Yearly EMI1,62,156
Estimated Yearly Salary5,44,000

Remember, these figures are approximate and can vary based on loan terms, interest rates, and individual circumstances. Always consult with a financial advisor before making any major purchase. Happy driving! 🚗💨

Also Read This: Monthly Salary to Own New Mahindra Bolero Classic: A Brief Overview

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