If you’re looking to buy an affordable, robust, and powerful diesel SUV, the Mahindra Bolero Neo could be a great choice. Mahindra recently launched it in the Indian market with new updates, starting at ₹849,000 ex-showroom. With a powerful mHawk engine, excellent mileage (17.29 kmpl), and attractive features, learn about the Bolero Neo’s purchase plans, including its on-road price, EMI calculations, and loan interest.
Bolero Neo On-Road Price
The Mahindra Bolero Neo is one of the most affordable diesel SUVs in the country. Understanding its on-road price and EMI calculations will help you create a more accurate purchase budget. Its starting ex-showroom price is ₹849,000. If you buy it in Delhi, its on-road price will include RTO fees (registration) of ₹67,920 and insurance of ₹43,124, bringing the total on-road price to ₹9,60,044.
Down Payment and EMI
If you make a down payment of ₹1 lakh, you’ll need to take out a car loan for the remaining ₹8,60,044. Assuming you take a loan for 5 years (60 months) at an interest rate of 10%, your monthly EMI will be ₹18,273. Over this period, you’ll pay a total interest of ₹2,36,360. Thus, after paying the 5-year EMI and down payment, the total cost (including interest) of the Mahindra Bolero Neo will be ₹11,96,404. (Keep in mind that this loan will depend on your credit score and monthly income; people earning ₹40,000-50,000 per month can easily afford it.)
Powerful Engine, Performance, and Excellent Mileage
The Mahindra Bolero Neo offers a perfect balance of performance and efficiency. It’s powered by a 1.5-liter mHawk100 diesel engine (1493 cc, 3-cylinder). This engine produces a robust 100 PS (73.5 kW) of power and a robust 260 Nm of torque. This engine is paired with a 5-speed manual gearbox and delivers an ARAI-certified excellent mileage of 17.29 km/l, making it extremely economical for everyday use.
Features and Safety
The Bolero Neo is not only rugged, but also equipped with modern features and excellent safety technology. It comes with a 9-inch touchscreen infotainment system (with Bluetooth, USB, and AUX), a 6-speaker sound system, cruise control, steering-mounted audio controls, all power windows, and electric ORVMs (external rearview mirrors).
Safety features include dual front airbags, ABS (Anti-lock Braking System) with EBD (Electronic Brakeforce Distribution), corner braking control, ISOFIX child seat mounts, and Electronic Stability Program (ESP) with a reverse parking camera, making it a safe choice for families.
Note:- This information may vary slightly depending on the dealership, RTO, and insurance company, but it will help you understand the complete financial picture of purchasing a Bolero Neo.
