The Mahindra Thar Roxx continues to capture significant attention in the Indian utility vehicle market, recognized for its iconic design and rugged capabilities. For those looking to own this popular SUV, understanding the financing options is crucial, especially for the cheapest model which starts at an Ex-Showroom price of ₹12.25 lakh.
Mahindra Thar Roxx: Down Payment and Loan Details
The entry-level Thar Roxx requires an initial down payment of ₹1.23 lakh. Based on this minimum down payment, a car loan of ₹11.02 lakh is available for prospective buyers. A key financial principle applies here: opting for a larger down payment provides the flexibility to choose a lower monthly installment (EMI) or a shorter loan tenure, ultimately reducing the total interest paid over the life of the loan.
Mahindra Thar Roxx: EMI Options at 9% Interest
The monthly Equated Monthly Installment (EMI) for the ₹11.02 lakh loan, calculated at a fixed 9% annual interest rate, varies significantly based on the chosen loan tenure. Longer tenures result in lower EMIs but increase the total interest burden.
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4-Year Loan Tenure (48 months): The EMI is calculated at ₹27,426 per month.
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5-Year Loan Tenure (60 months): (Calculation required based on the provided data: EMI = ₹11,02,000, R = 0.09. Based on the financial calculation formula, the EMI for a 5-year tenure at 9% on ₹11,02,000 is approximately ₹22,900.
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6-Year Loan Tenure (72 months): The EMI is ₹19,866 per month.
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7-Year Loan Tenure (84 months): The EMI is ₹17,732 per month.
Note: It is essential for buyers to verify these figures, as final loan policies, interest rates, and fees can vary between different car dealerships and financial institutions. Always read the vehicle documents and loan agreements carefully before commitment.
Engine Specifications and Performance
The Mahindra Thar Roxx is a versatile vehicle, offered with both petrol and diesel powertrain options across a price range from ₹12.25 lakh to ₹22.06 lakh (Ex-Showroom).
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Petrol Engine (2.0-liter mStallion Turbo):
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With a Manual Transmission, the engine generates 119 kW of power and 330 Nm of torque.
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With an Automatic Transmission, power is increased to 130 kW and torque to 380 Nm.
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Diesel Engine (2.2-liter mHawk Diesel):
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This robust engine offers variable performance depending on the variant, producing power ranging from 111.9 kW to 128.6 kW and torque from 330 Nm to 370 Nm.
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The availability of both manual and automatic transmissions across the two powerful engine options ensures that the Thar Roxx can cater to a wide range of driving preferences, from urban commuting to off-road adventures.