If you want a compact SUV with powerful performance, excellent equipment, and an attractive design, consider the 2023 Mahindra XUV300 Base Model. The entry-level XUV300 is one of Mahindra’s most popular models. We’ll cover the New Mahindra XUV300 Base Model EMI Plan, Downpayment, Monthly EMI, Interest Rate, Ex-showroom Price, and On Road Price in Delhi in this blog post.
Engine
The 2023 Mahindra XUV300 Base Model is powered by a 1.2-litre turbo-petrol engine that delivers 110PS of power and 200Nm of torque. It is paired with a 6-speed manual transmission and has a fuel efficiency of 16.82 kmpl. The XUV300 Base Model comes with features such as dual airbags, ABS with EBD, corner braking control, front and rear power windows, central locking and LED tail lamps.
Ex-showroom and On Road Price
The ex-showroom price of the 2023 Mahindra XUV300 Base Model in Delhi is Rs. 7.99 lakh. The on-road price includes the RTO charges, insurance costs and other taxes and fees. The on-road price of the XUV300 Base Model in Delhi is Rs. 8.95 lakh. You can also opt for a dual-tone colour option for an additional Rs. 15,000.
New Mahindra XUV300 Base Model EMI Plan
If you want to buy the 2023 Mahindra XUV300 Base Model on EMI, you will need to pay a downpayment of Rs. 1.79 lakh (20% of the on-road price) and take a loan of Rs. 7.16 lakh for a tenure of 60 months. The interest rate for the loan will depend on your credit score, income and other factors, but we will assume an average rate of 9.5% per annum for this calculation.
The table below shows the monthly EMI, total interest and total amount payable for the loan of Rs. 7.16 lakh at 9.5% interest rate for different tenures.
| Tenure (months) | Monthly EMI (Rs.) | Total Interest (Rs.) | Total Amount Payable (Rs.) |
|---|---|---|---|
| 60 | 14,999 | 1,63,940 | 9,33,940 |
| 48 | 17,838 | 1,32,224 | 9,02,224 |
| 36 | 22,831 | 99,916 | 8,69,916 |
| 24 | 32,702 | 65,248 | 8,35,248 |
| 12 | 62,436 | 32,832 | 8,02,832 |
As you can see from the table, the longer the tenure of the loan, the lower the monthly EMI but the higher the total interest and total amount payable. You should choose the tenure that suits your budget and repayment capacity.
The 2023 Mahindra XUV300 Base Model is a great choice for anyone who wants a spacious, comfortable and feature-rich compact SUV at an affordable price.
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