If you are planning to buy a Hyundai Grand i10 in Delhi or anywhere in India, you might be wondering how much income you need to afford it. In this article, we will compare the prices of the base model of the Grand i10 with the average salaries in Delhi and see how much of your income you would need to spend on the car.
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The ex-showroom price of the Grand i10 Era 1.2 Kappa VTVT, which is the base model, is Rs. 5.58 Lakh in Delhi. The on-road price, which includes registration, insurance, and other charges, is Rs. 6.29 Lakh. This means that you have to pay around Rs. 71,000 more than the ex-showroom price to get the car on the road.
Now, let’s look at the average salaries in Delhi. , the average monthly salary in Delhi is Rs. 32,600, which translates to Rs. 3,92,000 per year. This means that the ex-showroom price of the Grand i10 is equivalent to 14.2 months of income, while the on-road price is equivalent to 16 months of income.
The median salary in Delhi, according to Salary Explorer, is Rs. 29,000 per month, which translates to Rs. 3,48,000 per year. This means that the ex-showroom price of the Grand i10 is equivalent to 16 months of income, while the on-road price is equivalent to 18.1 months of income for someone earning the median salary.
The following table summarizes these comparisons:
| Income Source | Monthly Income (Rs.) | Yearly Income (Rs.) | Ex-Showroom Price (Months) | On-Road Price (Months) |
|---|---|---|---|---|
| Average Salary | 32,600 | 3,92,000 | 14.2 | 16 |
| Minimum Wage | 8,260 | 99,120 | 56.3 | 63.5 |
| Median Salary | 29,000 | 3,48,000 | 16 | 18.1 |
As you can see from the table, owning a Grand i10 in Delhi would require a significant portion of your income, especially if you earn less than the average salary. Therefore, you should carefully consider your budget and financial goals before buying this car.
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