Thanks to Tata, almost everyone can afford a Nano. But can you afford a Hummer, where the EMI is more than the price of the Nano?
We take a look at the EMIs you might have to pay for some of the stars of this year's Auto Expo. The EMIs are based on prices gleaned from industry sources, and assuming a down payment of 20% and a five-year, 12% loan.
Tata Nano
Price: Rs 1.25 lakh
EMI: Rs 2,202
Engine capacity: 624 cc
Fuel options: Petrol
Likely mileage: 20 kmpl
Launch date: Booking starts Sept 2008
Suzuki A-Star
Price: Rs 3.5-5 lakh
EMI: Rs 6,165
Engine capacity: 996 cc
Fuel: Petrol
Likely mileage: 18 kmpl
Launch date: Oct 2008
Skoda Fabia
Price: Rs 5-7.5 lakh
EMI: Rs 8,808
Engine capacity: 1,397 cc
Fuel: Petrol, diesel
Likely mileage: 15 kmpl
Launch date: Nov 2008
Honda Jazz
Price: Rs 5.5-6.5 lakh
EMI: Rs 9,688
Engine capacity: 1,339 cc
Fuel: Petrol, diesel
Likely mileage: 18 kmpl
Launch dateL: Not announced
Fiat Grande Punto
Price: Rs 4.5-6 lakh
EMI: Rs 7,927
Engine specs: 1,242 cc
Fuel: Petrol, diesel
Likely mileage: 12-16 kmpl
Launch date: Later this year
Fiat Linea
Price: Rs 8-10 lakh
EMI: Rs 14,092
Engine capacity: 1,368 cc
Fuel: Petrol, diesel
Likely mileage: 10-15 kmpl
Launch date: Sept 2008
Tata Xenon XT
Price: Rs 8-10 lakh
EMI: Rs 14,092
Engine capacity: 2,000 cc
Fuel: Diesel
Likely mileage: 6-8 kmpl
Launch date: Later this year
Volvo C70
Price: Rs 42-44 lakh
EMI: Rs 73,985 (Rs 8.4 lakh down)
Engine capacity: 2,435 cc
Fuel: Petrol, diesel
Likely mileage: 16-20 kmpl
Launch date: Not announced
Mercedes Benz C-Class
Price: Rs 29-32 lakh
EMI: Rs 51,085 (Rs 5.8 lakh down)
Engine capacity: 1,796/2,148
Fuel: Petrol, diesel
Likely mileage: 7-10 kmpl
Launch date: Later this year
Hummer H3
Price: Rs 75 lakh
EMI: Rs 1.3 lakh (Rs 15 lakh down)
Engine capacity: 3,460 cc
Fuel: Petrol
Likely mileage: 3-5 kmpl
Launch date: Imported upon order
