New Delhi: Many people in India dream of having their own car, but due to lack of budget, many people are unable to buy their own car. In such a situation, if you are also planning to buy a cheap car, for which you do not have to pay much EMI, then today we are going to tell you about such a car which you can own by paying EMI equal to a bike. So let us tell you about the details of the downpayment and EMI of this car.

How much will be the EMI?

If you buy the base model of Maruti Suzuki Alto K10, then its on-road price sits around Rs.4.50 lakhs. In such a situation, if you buy this car at a down payment of about Rs 1.35 lakh and take a loan of 7 years for the remaining amount, then for this you will have to pay an EMI of about Rs 5,000 every month, which is equal to the cost of a car. It can be considered as a very easy installment. All this calculation is according to the online EMI calculator. However, if you are going to buy a car on EMI, then do check your budget and EMI yourself once.

How is the K10 engine?

Maruti Suzuki launched its Alto K10 last year. A 1.0-litre 3-cylinder petrol engine is available in this car. It also gets company fitted CNG kit. This offer engine produces 66 bhp power and 89 Nm torque. There is a choice of 5-speed manual or AMT gearbox in this car. This engine also comes with the Maruti Celerio. This car is capable of giving a mileage of 24 KM to 33 KM.

Competes with Hyundai Grand i10 Nios

This car competes with Hyundai Grand i10 Nios, in which a 1.2 L petrol engine is available, this car has been updated by the company recently.