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Tigor Base Model Price in India

Your Monthly Salary to Own new Tata Tigor – Mileage 30+

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If you are looking for a compact sedan that offers a spacious cabin, a stylish design, and a fuel-efficient engine, then you might want to consider the new Tata Tigor. The Tigor is one of the most affordable cars in its segment, with a starting price of Rs. 6.29 lakh (ex-showroom Delhi) for the base model XE. But how much do you need to earn to own this car? In this article, we will help you calculate the monthly and yearly salary / income required to buy and maintain the new Tigor base model in Delhi.

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Tigor Base Model Price in India

Tigor Base Model Price in India
Tigor Base Model Price in India

First, let us look at the on-road price of the Tigor base model in Delhi. , the on-road price of the Tigor XE in Delhi is Rs. 7.13 lakh, which includes the ex-showroom price, RTO charges, insurance, and other charges. This is the amount you need to pay upfront or finance through a loan to buy the car.

EMI, Downpayment and Interest Rate

Next, let us assume that you opt for a car loan of Rs. 6 lakh for a tenure of 5 years at an interest rate of 10%. In that case, your monthly EMI would be Rs. 12,783. This means that you need to have a monthly income of at least Rs. 12,783 to pay off your loan.

However, your monthly expenses do not end there. You also need to factor in the cost of fuel, maintenance, and servicing. Assuming that you drive 1000 km per month and the Tigor base model gives a mileage of 19.2 kmpl, you would need around 52 litres of petrol per month. At the current petrol price of Rs. 101.19 per litre in Delhi, your monthly fuel cost would be Rs. 5,262.

Additionally, you need to spend on periodic maintenance and servicing of your car. , the estimated service cost of the Tigor base model for 5 years is Rs. 23,500, which works out to Rs. 392 per month.

Therefore, your total monthly cost of owning the new Tigor base model in Delhi would be Rs. 18,437 (Rs. 12,783 + Rs. 5,262 + Rs. 392). This means that you need to have a monthly income of at least Rs. 18,437 to afford this car comfortably.

To calculate your yearly income requirement, you simply need to multiply your monthly income by 12. Hence, your yearly income requirement to own the new Tigor base model in Delhi would be Rs. 2,21,244 (Rs. 18,437 x 12).

The following table summarizes the above calculations:

ParameterValue
Ex-showroom priceRs. 6.29 lakh
On-road priceRs. 7.13 lakh
Loan amountRs. 6 lakh
Loan tenure5 years
Interest rate10%
Monthly EMIRs. 12,783
Monthly fuel costRs. 5,262
Monthly maintenance costRs. 392
Total monthly costRs. 18,437
Monthly income requirementRs. 18,437
Yearly income requirementRs. 2,21,244

Summary

We hope this article has helped you understand how much salary / income you need to own the new Tata Tigor base model in Delhi. Of course, these are only estimates and your actual costs may vary depending on your usage pattern, driving style, and other factors.

Please Note: On Road Price for any Vehicles Vary from city to city (Different). For More Details Please Visit Your Nearby Showrooms.


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Siddharth Antre

Hey, I am Siddharth Antre, Blogger & Youtuber From Nashik. Here I share all Auto News on Daily Basis. Writing Blogs since 2014.

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