Tata Nexon CNG: Best Option for Safe and Budget-Friendly SUV
Explore how Tata Nexon CNG offers an affordable option with ₹1 lakh down payment, making it a smart investment despite facing tough competition from rivals like Maruti Brezza and Kia Sonet. With its 5-star safety ratings and efficient CNG technology, this SUV stands out as a reliable choice for budget-conscious buyers.
Highlights
- •Tata Nexon CNG with ₹1 lakh down payment
- •Monthly EMI of ₹13k over 7 years
- •On-road price reaching ₹9.25 lakh
- •5-star Global NCAP safety rating
The Tata Nexon iCNG offers a unique blend of safety, robust performance, and fuel efficiency in the compact SUV segment. As per the latest market insights, individuals looking to own this vehicle can now opt for adown payment as low as ₹1 lakh while still enjoying a comfortable EMI burden. Let's explore how the Tata Nexon CNG stands out among its competitors.
Tata Nexon CNG Pricing and Financing:
The base Smart variant of the Tata Nexon iCNG is priced at ₹8.23 lakh (ex-showroom) in cities like Delhi. Upon registration, the customer will face additional costs such as ₹65,000 for RTO fees and approximately ₹36,000 for insurance, making the on-road price reach ₹9.25 lakh.
If you make a down payment of ₹1 lakh, you'll still need to finance around ₹8.25 lakh over 7 years (84 months) at an annual interest rate of 9%. Your monthly EMI becomes roughly ₹13,273, and with the bank, you'll end up paying an additional ₹2.90 lakh in interest over the term. Ultimately, your total vehicle cost will be around ₹12.15 lakh.
Competitive Landscape:
The Tata Nexon CNG faces competition from established rivals such as Maruti Brezza, Hyundai Venue, Kia Sonet, and recent additions like Skoda Kylaq and Kia Syros. Despite its price premium, the Nexon iCNG stands out due to its 5-star Global NCAP rating and its CNG technology that doesn't compromise on boot space.
This competitive edge ensures it remains a desirable choice for families seeking both safety and fuel savings without breaking the bank.
