New Delhi: Mahindra offers a range of SUVs across different segments, and one of its popular mid-size SUVs is the Mahindra Scorpio N. If you are planning to buy the diesel base variant (Z2) of this SUV and want to know how much EMI you will pay after a ₹5 lakh down payment, this article will guide you through the details.
Mahindra Scorpio N Diesel Price & On-Road Cost
The base diesel variant Scorpio N Z2 comes with an ex-showroom price of ₹14.39 lakh. However, when purchasing in Delhi, additional costs such as registration, insurance, and other charges apply. Here’s a breakdown of the on-road cost:
Ex-showroom price – ₹14.39 lakh
Registration tax – ₹1.85 lakh
Insurance cost – ₹1 lakh
Other charges – ₹29,000
Total on-road price in Delhi – ₹17.53 lakh
EMI Calculation After ₹5 Lakh Down Payment
If you choose to finance the Mahindra Scorpio N diesel variant, the bank will finance the ex-showroom price (not the on-road price). After making a ₹5 lakh down payment, you will need to take a loan of ₹12.53 lakh.
Assuming a 9% interest rate for a 7-year tenure, your monthly EMI will be ₹20,164. This means you will be paying ₹4.40 lakh as interest over seven years. After including the ex-showroom price, on-road costs, and interest, the total cost of the SUV will be ₹21.93 lakh.
Rivals in the Segment
The Mahindra Scorpio N is a strong contender in the mid-size SUV segment, competing against:
Mahindra XUV 700
MG Hector
Tata Safari
If you are looking for a powerful, feature-packed SUV with road presence, the Mahindra Scorpio N diesel is a great choice. However, keep in mind the total cost, EMI, and interest when planning your purchase. Make sure to compare loan options for the best deal