What will be the EMI or down payment for Tata Tiago EV?

The EMI for the Tata Tiago EV varies based on the variant and loan terms. Here are some key details:

For the Tata Tiago EV XE Medium Range, the EMI can start at ?16,201 per month for a 5-year loan at an 8% interest rate, with a down payment of ?36,901. The on-road price for this variant is approximately ?8.35 lakh[5).

For other variants, the EMIs are as follows: - XT Medium Range: ?18,228 per month with a down payment of ?39,209 and an on-road price of ?9.38 lakh. - XT Long Range: ?20,560 per month with a down payment of ?51,888 and an on-road price of ?10.65 lakh. - XZ Plus Tech LUX Long Range: ?22,588 per month with a down payment of ?55,096 and an on-road price of ?11.69 lakh.

The down payment generally covers the difference between the on-road price and the loan amount, with lenders typically financing up to 90% of the on-road price. For example, for the XE Medium Range, the loan amount could be ?7.99 lakh, requiring a down payment of ?36,901[5).