Honda has launched the NX500 E-Clutch in India at ₹743,900 (ex-showroom). With this, the adventure motorcycle has become ₹1.11 lakh more expensive than the conventional clutch-equipped version of the NX500. It has ditched the conventional clutch that needs manual intervention from the rider. Instead, the E-Clutch technology allows the motorcycle to automatically shift gears without the intervention of the clutch lever.
The Honda NX500 E-Clutch is expected to attract the young riders who love adventure motorcycles and are planning to upgrade to a bigger motorcycle for the first time. The E-Clutch technology, which is a compact system, engages and disengages the clutch automatically. This system also comes with a manual override feature, allowing the riders to operate the clutch via a lever when preferred. In a nutshell, the E-Clutch is similar to the AMT technology available in a wide range of cars in India.
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If you are planning to buy the Honda NX500 E-Clutch, here is a quick and comprehensive calculation of EMI that you may have to pay every month.
Honda NX500 E-Clutch: Monthly EMI calculation
For calculating the monthly EMI, we have considered the loan amount for the Honda NX500 E-Clutch as 100% of the ex-showroom price of the bike, which is ₹743,900 (ex-showroom). The rate of interest has been considered as 9.5%, while repayment tenures considered are 24 months and 36 months.
{{/usCountry}}For calculating the monthly EMI, we have considered the loan amount for the Honda NX500 E-Clutch as 100% of the ex-showroom price of the bike, which is ₹743,900 (ex-showroom). The rate of interest has been considered as 9.5%, while repayment tenures considered are 24 months and 36 months.
{{/usCountry}}| Honda NX500 E-Clutch: Monthly EMI calculation | |||||
|---|---|---|---|---|---|
| Price (ex-showroom) | Loan (100% ex-showroom price) | Interest rate | Repayment tenure | Monthly EMI | Total interest |
| ₹743,900 | ₹743,900 | 9.5% | 24 months | ₹34,156 | ₹75,839 |
| 36 months | ₹23,829 | ₹113,955 | |||
According to the calculation, if you opt for a 24-month repayment tenure, the monthly EMI payable will be ₹34,156. On the other hand, if you opt for a 36-month repayment tenure, the monthly EMI payable will be ₹23,829.
It needs to be remembered that the monthly EMI may vary depending on multiple factors such as the amount of loan taken, rate of interest, repayment tenure, etc.