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Beyond Ex-Showroom Price: A Guide to the Actual Ownership Price of Leading Compact SUVs
You must have noticed the booming popularity of the compact sports utility vehicle segment in India. These cars come with high ground clearance and spacious interiors. Furthermore, sports utility vehicles have a tough look and offer great performance, making them suitable cars for rugged terrains.
Coming to the price of these cars, automakers advertise attractive ex-showroom prices for these models. However, the actual on-road price of the same car is significantly higher. This price is inclusive of additional costs like road tax, insurance, RTO registration, etc. Take a look below to know how the actual ownership price of the leading compact SUVs impacts a car buyer.
Evaluating the On-Road and Ex-Showroom Price of SUVs in India
The ex-showroom price refers to the price at which dealers procure the vehicle from the manufacturer. On the contrary, the on-road price is the final price levied on a vehicle that is inclusive of various factors like-
- Ex-showroom price
- Cost of vehicle registration
- Road tax
- Insurance cost
All these costs together become the on-road price of a vehicle and are significantly higher than the ex-showroom price. Moreover, when you opt for optional features and add-ons, it will further increase the upfront cost. These extras will boost your overall driving experience but will also contribute to the overall expense.
Top Selling Compact SUVs with Their On-Road Prices in India
Below, you will find the names of India's leading compact sports utility vehicles with their actual ownership cost.
Tata Nexon
The introduction of the Nexon is Tata Motor's entry into the SUV segment. It delivers a dynamic performance at an affordable price. Its ex-showroom price is around Rs.8.15 to 15.60 Lakh. The Tata Nexon on road price ranges between Rs 9.94 L to 19.52 Lakh. The piano-black exterior rear-view mirrors, trademark LED taillights, and stunning sunroof will impress you at first glimpse. The 7-inch infotainment display, which can sync with Apple CarPlay and Android Auto, cruise control and iRA-connected car technology initiates an exciting trip.
Renault Kiger
The Renault Kiger's appearance, with powerful proportions, sporting accents, and unrivalled energy, stands out for its distinct personality and striking looks. Every aspect of the Kiger, including the graphic-finished grille with chrome accents, the tailboard with chrome highlights, the sleek Turbo decal, and the 16-inch diamond cut wheels with red wheel caps, is designed to lead. The Kiger's on-road price ranges between Rs 6.70 L to 13.05 Lakh, while its ex-showroom cost is around Rs 6 to 11.23 Lakh.
MG Astor
The Astor is a midsize sports utility vehicle, and its standout features include its advanced driver assistance systems. It employs artificial intelligence to improve safety and convenience. The Astor is the first automobile in its category to provide these amenities. This is typically seen in higher-end vehicles. The on-road price is Rs 11.31 to 20.64 Lakh, while its ex-showroom price is Rs 9.98 to 17.89 Lakh.
Maruti Suzuki Brezza
From a muscular but appealing appearance and dignified stature to next-level performance and excellent comfort, the Brezza has it all. The pronounced shoulder lines, front grille with a chrome strip, and geometric alloy wheels contribute to the overall powerful design. The dual LED projector headlamps with LED DRLs and the LED taillights fascinate at first look. The on-road price of the Brezza is Rs 11.01 to 16.34 lakh. Its ex-showroom price is Rs 8.34 to 14.14 Lakh.
Hyundai Venue
The Venue is a subcompact sports utility vehicle and has a sleek design. Some of its features include an Alexa and Google voice assistant, a wireless phone charger and rear air conditioner vents. The ex-showroom price is Rs 7.94 to 13.48 Lakh, and the on-road Venue car price is Rs 8.90 to 15.77 Lakh.
Mahindra XUV300
This is the first ever premium compact sports utility vehicle ticking all the right boxes in terms of performance, features, appearance, etc. The appealing exterior makes the vehicle more charming with stunning headlamps, upright grille, LED tail lights, indicators, etc. The striking electric sunroof is its highlighting feature. The practical and comfortable interiors with high-end features add to the beauty of the vehicle. The ex-showroom price of this car is around Rs 7.99 to 14.76 Lakh. However, its on-road price ranges between Rs 9.62 to 17.09 Lakh.
Final Note
Your automobile is both a costly investment and a valuable property. To make an educated selection, it is necessary to study and comprehend the many models available on the market. We hope that after carefully reviewing all the details in our post, you will be able to choose the finest small SUV automobile for your needs and budget.
To summarise, while automakers promise lower ex-showroom prices, the real on-road ownership cost is 15-20% more after accounting for RTO, insurance, and other fees. Customers should carefully consider these additional expenditures before acquiring a new compact SUV. Higher-end models with additional amenities might cost more than Rs 14 lakhs on the road.
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