If you’re considering purchasing a Hyundai Grand i10 in Delhi or anywhere in India, you might be curious about the income required to afford it. In this article, we will compare the prices of the base model of the Grand i10 with the average salaries in Delhi to determine how much of your income would be allocated to the car.
The ex-showroom price of the Grand i10 Era 1.2 Kappa VTVT, which is the base model, is Rs. 5.58 Lakh in Delhi. The on-road price, which includes registration, insurance, and other charges, is Rs. 6.29 Lakh. This means that you’ll need to pay around Rs. 71,000 more than the ex-showroom price to get the car on the road.
Now, let’s look at the average salaries in Delhi. The average monthly salary in Delhi is Rs. 32,600, which translates to Rs. 3,92,000 per year. This means that the ex-showroom price of the Grand i10 is equivalent to 14.2 months of income, while the on-road price is equivalent to 16 months of income.
According to Salary Explorer, the median salary in Delhi is Rs. 29,000 per month, which translates to Rs. 3,48,000 per year. This means that the ex-showroom price of the Grand i10 is equivalent to 16 months of income, while the on-road price is equivalent to 18.1 months of income for someone earning the median salary.
The following table summarizes these comparisons:
|Income Source||Monthly Income (Rs.)||Yearly Income (Rs.)||Ex-Showroom Price (Months)||On-Road Price (Months)|
The table illustrates that owning a Grand i10 in Delhi would entail a substantial portion of your income, particularly if you earn less than the average salary. Thus, it’s essential to meticulously evaluate your budget and financial objectives before making a decision to purchase this vehicle.