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Electric vehicles are now getting strong demand in the Indian market. Due to the rising petrol and diesel prices, consumers in the country seem to be giving more priority to electric vehicles. Given this increasing demand, many auto companies are offering the best electric cars in the country. Hyundai has also launched its electric car in the market. Hyundai Creta Electric is offered in electric SUV segment. If you want to take this car, let’s know about how much EMI you have to pay for 7 years after paying 2 lakh rupees. But before that, let’s know the cost of this car.

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Hyundai Creta Electric Executive is given its base variant. Its X-show price is Rs 17.99 lakh. If this car is purchased from the capital Delhi, you will have to pay about Rs 68000 for insurance, along with a region charges of around Rs 5300. In addition, Rs 17990 will also have to be paid as TCS charges. After that, its on-road price was Rs 18.90 lakh.

How much will be emi after paying 2 lakh down

If you buy the base variant of the Hyundai Creta Electric, the bank will finance the X-showroom prices only. In this case, after paying a down payment of Rs 2 lakh, you will have to finance about Rs 16.90 lakh from the bank. If the bank is paying you Rs 16.90 lakh for seven years at 9% interest rate, you will have to pay only Rs 27197 per month for the next seven years.

The car will be expensive

If you take a car loan of Rs 16.90 lakh for seven years with interest rates from the bank, you will have to pay Rs 27197 per month for seven years. In this case, in 7 years you will have to pay about Rs 5.94 lakh for the base variant of the Hyundai Creta Electric. Then the total cost of your car with X-showroom, on road and interest will be around Rs 24.84 lakh.

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Who will be with the competition?

Hyundai has brought crate electric to electric SUV segment. In this section, it competes directly with MG Windsor EV, Tata CurvV EV. Soon the company will have to compete with Maruti Suzuki E Vitara, Toyota Electric Hyryder and Tata Harrier EV.