Maruti Suzuki WagonR Flex Fuel, the E100-compliant variant of the tallboy hatchback, has been launched in India at a price tag of ₹7.24 lakh (ex-showroom). Based on the ZXi+ trim of the hatchback, the WagonR Flex Fuel is available only for commercial buyers as of now. It comes as India's first-ever E100-compliant car, which can run completely on ethanol. The launch of the car comes at a time when Union Minister for Road Transport and Highways, Nitin Gadkari, has cleared the regulatory framework for E100 fuel in the country.
During the unveiling of the WagonR Flex Fuel, Maruti Suzuki claimed that the hatchback is compliant to fuel ranging from E20 to all the way up to E100, where the number represents the percentage of ethanol blended with petrol.
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The Maruti Suzuki WagonR Flex Fuel is powered by a 1.2-litre petrol engine that is tuned to churn out 90 bhp peak power and 113.7 Nm of maximum torque. The engine is mated to a five-speed manual gearbox. The automaker is yet to introduce an AMT for the Flex Fuel variant. Compared to the standard E20 petrol-compliant WagonR ZXi+, the flex fuel variant commands a premium of ₹85,000.
If you are planning to buy the Maruti Suzuki WagonR Flex Fuel and wondering about the possible monthly EMI you may have to pay, here is a quick and comprehensive guidebook for you.
Maruti Suzuki WagonR Flex Fuel: How much monthly EMI to pay
To calculate the monthly EMI for the Maruti Suzuki WagonR Flex Fuel, we have considered the loan amount as 100% ex-showroom price, which is ₹7.24 lakh (ex-showroom). The rate of interest is considered as 9.5%, while the repayment tenures considered are 24 months and 36 months.
{{/usCountry}}To calculate the monthly EMI for the Maruti Suzuki WagonR Flex Fuel, we have considered the loan amount as 100% ex-showroom price, which is ₹7.24 lakh (ex-showroom). The rate of interest is considered as 9.5%, while the repayment tenures considered are 24 months and 36 months.
{{/usCountry}}| Maruti Suzuki WagonR Flex Fuel: Monthly EMI calculation | ||||||
|---|---|---|---|---|---|---|
| Model & variant | Price (ex-showroom) | Loan (100% ex-showroom price) | Interest rate | Repayment tenure | Monthly EMI | Total interest |
| Maruti Suzuki WagonR Flex Fuel ZXi+ MT | ₹7.24 lakh | ₹7.24 lakh | 9.5% | 24 months | ₹33,242 | ₹73,810 |
| 36 months | ₹23,192 | ₹110,907 | ||||
According to the calculation, if you opt for a 24-month repayment tenure, the monthly EMI you will have to pay is ₹33,242, while in the case of a 36-month repayment period, the monthly EMI amount will be reduced to ₹23,192. However, one noteworthy fact the buyers must remember is that the monthly EMI is dependent on the amount of down payment, the amount of loan taken, the rate of interest, the repayment tenure chosen, etc.