India’s Most Affordable Car? Renault Kwid Available at Just 9k EMI

New Delhi: In the Indian market, often those cars are preferred that are economical as well as give good mileage. The Renault Kwid is one such car, which is making a splash in the market with its affordable price and great features. The most important thing is that even a person with a monthly income of just 30 thousand rupees can easily buy it. What is the price and down payment? The ex-showroom price of the base variant (1.0 RXE) of the Renault Kwid is Rs 4.70 lakh, while in cities like Delhi, its on-road price goes up to around Rs 5.24 lakh. If you do not have the full amount, then you can buy it by paying a down payment of just 1 lakh rupees. For the remaining amount, you can take a loan of Rs 4.24 lakh from the bank. How much will the EMI be? If you take a loan at a 9% interest rate for 5 years (60 months), then your monthly installment (EMI) will be about Rs 9,000. In this way, in 5 years you will pay a total of 1.25 lakh rupees as interest. That is, the total price of the car will be around 6.49 lakh rupees (down payment + loan + interest). Power and mileage The Renault Kwid 1.0 RXE has a 999 cc engine, which produces 67 BHP power and 91 Nm torque. This car comes with a 5-speed manual transmission and gives a great mileage of up to 21 km / liter. Its 28-liter fuel tank is sufficient for long-distance travel. Features Many advanced features have been given in Kwid, such as Power Steering and Tachometer LED DRLs and Rear Spoiler Anti-Lock Braking System (ABS) and Brake Assist Dual Airbags and Child Safety Lock Traction Control Who does Kwid compete with? The Renault Kwid directly competes with cars like the Maruti Suzuki Alto K10 and the Hyundai Santro. But Kwid makes a different identity in the market due to its stylish design, better interior, and more features. If you want to buy a stylish and feature-packed car on a low budget, then the Renault Kwid is a great option. With an EMI of just Rs 9,000 and a down payment of Rs 1 lakh, this car is perfect for a middle-class family. Also, its low maintenance cost and high mileage make it even more attractive.