The Tata Nexon is one of the most popular compact SUVs in India. Because of its 5-star safety rating and strong, stylish design, it has become a top choice for many middle-class families. In February 2026, the Tata Nexon was also among the best-selling cars in the country. If you are planning to buy its SUV, it is important to understand the budget you will need. Based on the latest prices and Figures for march 2026, let’s find out how much money you should have and what monthly salary may be required to comfortably bring the Tata Nexon home through an EMI Plan.
Tata Nexon
Currently, The ex-showroom price of the Tata Nexon starts at around Rs.7.32 lakh and goes up to about Rs.14.15 lakh for the top model. However, the final price becomes higher when you include additional costs such as RTO Charges, insurance and other taxes. In cities like Noida and Delhi, the on-road price of the base model (smart variant) comes to around Rs.8.61 lakh. This means buyers should plan their budget according to the on-road cost rather than just the ex-showroom price when planning to purchase the Tata Nexon.
If you plan to buy the base model smart 1.2 petrol MT of the Tata Nexon, here is an example of the EMI calculation. The estimated on-road price is around Rs.8.61 lakh if your make a down payment of about Rs.1.61 lakh, you will need a loan of roughly Rs.7,00,000. Assuming an average bank interest rate of 9% and a loan tenure of 5 years 60 months, Your monthly EMI Will be around Rs.14,531. If you extend the loan period to 7 years, the EMI can reduce to about Rs.11,262 per month, but your will end up paying more interest overall.
Financial experts often recommend the 20/4/10 rule when buying a new car. According to this rule, Your car EMI should not be more than 15-20% of your monthly take-home salary so that your regular household expenses and savings are not affected. For example, if your are paying an EMI of around Rs.16,600 for the base model of the Tata Nexon, your monthly take-home salary should ideally be between Rs.75,000 and Rs.85,000. However, if you choose the top-end diesel or automatic variant, where the EMI can go above Rs.28,000, your monthly salary should be around Rs.1.30 lakh to Rs.1.50 lakh.
