Can I afford a MG Windsor EV on my salary?
Last updated 20 August 2026
A MG Windsor EV Excite at ₹15.6 L on-road costs ₹29,418 a month over 60 months at 9.4% with 10% down (₹1.56 L up front). To keep that inside a safe EMI you need a net monthly income of about ₹73,545. To keep the vehicle at the more prudent 20% of income, you want closer to ₹1,47,090.
Check it against your own salary →
Does a MG Windsor EV fit your salary?
| Monthly take-home | Your safe EMI | EMI on this vehicle | Verdict |
|---|---|---|---|
| ₹25,000 | ₹10,000 | ₹29,418 | No |
| ₹30,000 | ₹12,000 | ₹29,418 | No |
| ₹40,000 | ₹16,000 | ₹29,418 | No |
| ₹50,000 | ₹20,000 | ₹29,418 | No |
| ₹60,000 | ₹24,000 | ₹29,418 | Only on a stretch |
| ₹75,000 | ₹30,000 | ₹29,418 | Yes — 98% of safe EMI |
| ₹1 lakh | ₹40,000 | ₹29,418 | Yes — 74% of safe EMI |
| ₹1.5 lakh | ₹60,000 | ₹29,418 | Yes — 49% of safe EMI |
EMI by tenure and down payment
| Tenure | 10% down | 20% down | 30% down | Salary needed |
|---|---|---|---|---|
| 36 months | ₹44,909 | ₹39,919 | ₹34,929 | ₹1,12,272 |
| 48 months | ₹35,206 | ₹31,294 | ₹27,382 | ₹88,015 |
| 60 months | ₹29,418 | ₹26,149 | ₹22,881 | ₹73,545 |
| 72 months | ₹25,587 | ₹22,744 | ₹19,901 | ₹63,969 |
| 84 months | ₹22,875 | ₹20,333 | ₹17,792 | ₹57,188 |
Rate 9.4% a year, reducing balance, no balloon. The last column is the net monthly income that keeps the instalment inside a 40% safe EMI.
Similar vehicles at a similar EMI
| Vehicle | Price | EMI | Salary needed |
|---|---|---|---|
| Tata Nexon.ev 45 Empowered | ₹17.3 L | ₹32,624 | ₹81,560 |
| Tata Punch.ev Adventure LR | ₹12.9 L | ₹24,326 | ₹60,816 |
| Hyundai Creta Electric Executive | ₹19.8 L | ₹37,338 | ₹93,346 |
| Mahindra BE 6 Pack One | ₹20.6 L | ₹38,847 | ₹97,117 |
| Tata Tiago.ev MR Long Range | ₹9.6 L | ₹18,103 | ₹45,259 |
Questions people ask
What salary do I need for a MG Windsor EV?
About ₹73,545 net a month to stay inside the 40% safe EMI on a 60-month loan with 10% down. A lender might stretch to approve you at around ₹58,836, and the comfortable figure — vehicle at 20% of income, room left for running costs — is nearer ₹1,47,090.
How much is the down payment on a MG Windsor EV?
At 10% of ₹15.6 L that is ₹1.56 L in cash, financing ₹14.04 L. Raising it to 30% cuts the instalment to ₹22,881 and saves you ₹3.92 L in interest over the term.
What is the total cost of a MG Windsor EV on finance?
Over 60 months at 9.4%, you pay ₹17.65 L in instalments on a ₹14.04 L loan — ₹3.61 L of that is interest. Add the ₹1.56 L down payment and the vehicle costs ₹19.21 L in total, before fuel, insurance and servicing.