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Honda Elevate Price, Down Payment And EMI Details Explained
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News18•10-10-2026, 15:09
Honda Elevate Price, Down Payment And EMI Details Explained
- •The ex-showroom price for the Honda Elevate starts at ₹11,80,000 and goes up to ₹18.40 lakh for the top-spec variant.
- •The on-road price for the base variant in Delhi totals approximately ₹13,76,565 including RTO and insurance.
- •With a down payment of ₹2 lakh and a 5-year loan at 10 percent interest, the monthly EMI comes to around ₹24,999.
- •Individuals earning between ₹60,000 and ₹80,000 per month without major existing loans can comfortably consider purchasing the SUV.
- •The vehicle features a 1.5-litre i-VTEC petrol engine, 6 airbags standard, and a 5-star Japan NCAP safety rating.
Key Questions Answered
The ex-showroom price for the base variant of the Honda Elevate starts at ₹11,80,000. In Delhi, with additional costs like an RTO charge of ₹1,29,800, insurance of ₹54,965, and other charges of ₹11,800, the total on-road price comes to ₹13,76,565.
With a down payment of ₹2 lakh, you would need a loan of ₹11,76,565. Assuming a 5-year loan tenure at a 10 percent interest rate, you would pay 60 monthly EMIs of ₹24,999, bringing the total installment payment to ₹14,99,912.
According to the financial guidelines in the report, if you earn between ₹60,000 and ₹80,000 per month and do not have any major pre-existing loans, you can consider purchasing the new Honda Elevate using a car loan.
