Kia Motors India has launched the Sonet in the sub-four-meter SUV segment in the Indian market. This SUV is popular among both young and family buyers due to its attractive design, modern features, and strong performance. The company offers it in several variants, with the base model HTE being the most affordable option.
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Kia Sonet HTE Price and On-Road Cost
The ex-showroom price of the Kia Sonet’s base variant, HTE, is ₹7.30 lakh. If you buy it in Delhi, RTO fees of approximately ₹51,000 and insurance costs of approximately ₹40,000 are added. This brings the on-road price of the Kia Sonet HTE to approximately ₹8.21 lakh.
How much will the EMI be with a down payment of ₹2 lakh?
If you are considering purchasing the Kia Sonet HTE and make a down payment of ₹2 lakh, you will need to take a bank loan of approximately ₹6.21 lakh. Assuming this loan is taken at an annual interest rate of 9% and for a tenure of seven years, your monthly EMI will be approximately ₹9,989. This EMI will be paid every month for seven years.
How much will the Kia Sonet cost?
If you take out a loan of ₹6.21 lakh at a 9% interest rate for seven years, you will have to pay approximately ₹2.18 lakh in interest. This brings the total cost of the Kia Sonet HTE, including the on-road price and interest, to approximately ₹10.39 lakh. This means the car will cost you approximately ₹3 lakh more than the ex-showroom price.
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Competition Against
The Kia Sonet falls in the compact SUV segment and competes with several popular SUVs in the Indian market. It competes directly with the likes of the Maruti Brezza, Tata Nexon, Hyundai Venue, Nissan Magnite, Renault Kiger, Mahindra XUV 3XO, and Skoda Kylaq. Among these, the Kia Sonet stands out for its premium build quality and feature packaging.