Mahindra XUV400 EV EMI Calculator

Updated on October 2026

Mahindra XUV400 EV EMI starts at ₹29,203 per month for the EC Pro 345 kWh electric (₹15.49 Lakh ex-showroom, ₹16.76 Lakh on-road Delhi), on a ₹13.59 Lakh loan at 10.5% for 60 months. Down payment: ₹3.17 Lakh. Total interest: ₹3.93 Lakh. The top EL Pro DT 394 kWh costs ₹33,368/month.

Also see: XUV400 EV On-road price | XUV400 EV Variants | XUV400 EV Offers | XUV400 EV Mileage

Mahindra XUV400 EV EMI and Down Payment

Mahindra XUV400 EV EC Pro 345 kWh – EMI calculator

Ex-showroom

: Rs. 15,48,999

On-road price

: Rs. 16,75,770 (Delhi)

Loan amount

: Rs. 13,58,684 (On-road - Down payment)

Down payment

: Rs. 3,17,086 (On-road - Loan amount)

Monthly EMI

: Rs. 29,203 (For Tenure of 60 months @ 10.5%; banks start from 8.7%)

Insurance

: Rs. 66,281

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Mahindra XUV400 EV Car Loan EMI Calculator

Variant: EC Pro 345 kWh
On-road price (Delhi): Rs. 16,75,770
Down payment: Rs. 3,17,086
Loan amount: Rs. 13,58,684
Interest rate: 10.5%
Tenure: 60 months
Monthly EMI: Rs. 29,203

EMI in advance: You pay one EMI instalment in advance to the bank. This amount is deducted from the loan amount disbursed to the dealer. Thus it gets added to the down payment that you are to make.
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EMI in arrears: You don't make any advance EMI payments. The bank disburses the loan amount minus any other one time fees. ..Read More ..Read Less

Mahindra XUV400 EV Car Loan EMI & Loan Breakdown

Monthly EMI

Rs. 29,203

60 months @ 10.5%

Down paymentRs. 3,17,086
Loan amountRs. 13,58,684
Total interestRs. 3,93,496
Total loan repayment (EMIs)Rs. 17,52,180
Total purchase outlayRs. 20,69,266

Total loan repayment is the EMIs only. Total purchase outlay adds the down payment, so it is what the EC Pro 345 kWh costs you over the loan; it does not include insurance renewal, fuel, maintenance or lender charges other than the processing fee.

Year	Principal paid	Interest paid	Outstanding loan
Year 1 Months 1-12	Rs. 2,18,071	Rs. 1,32,365	Rs. 11,40,613
Year 2 Months 13-24	Rs. 2,42,103	Rs. 1,08,333	Rs. 8,98,510
Year 3 Months 25-36	Rs. 2,68,783	Rs. 81,653	Rs. 6,29,727
Year 4 Months 37-48	Rs. 2,98,405	Rs. 52,031	Rs. 3,31,322
Year 5 Months 49-60	Rs. 3,31,322	Rs. 19,114	Rs. 0

Mahindra XUV400 EV Car Loan Interest Rates – Bank Comparison

Lending Partners	Interest Rate	EMI Starting From (60 Months)
HDFC Bank	8.85% onwards	Rs. 28,105 (60 months)
ICICI Bank	9% onwards	Rs. 28,204 (60 months)
Axis Bank	9.15% onwards	Rs. 28,303 (60 months)
Bank of Baroda	8.7% onwards	Rs. 28,007 (60 months)

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Mahindra XUV400 EV EMI by Loan Tenure

For a Rs. 13,58,684 loan on the EC Pro 345 kWh electric at 10.5%.

Tenure	EMI	Total Interest	Total Payable
36 months	Rs. 44,161	Rs. 2,31,112	Rs. 15,89,796
48 months	Rs. 34,787	Rs. 3,11,092	Rs. 16,69,776
60 months	Rs. 29,203	Rs. 3,93,496	Rs. 17,52,180
84 months	Rs. 22,908	Rs. 5,65,588	Rs. 19,24,272

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Mahindra XUV400 EV

4.4 99 user reviews

Starts at ₹ 15.49 Lakh

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Mahindra XUV400 EV Variant-Wise EMI

On-road prices in Delhi. Every variant uses the same rule: the loan runs 60 months at 10.5%, and the down payment is the on-road price minus the loan.

XUV400 EV Variants	Fuel/Transmission	Ex-showroom	On-road Price	Loan @10.5%	Down Payment	EMI (60 months)
EC Pro 345 kWh	Electric(Battery) / Automatic	Rs. 15,48,999	Rs. 16,75,770	Rs. 13,58,684	Rs. 3,17,086	Rs. 29,203
EL Pro 345 kWh	Electric(Battery) / Automatic	Rs. 16,74,000	Rs. 18,10,993	Rs. 14,68,767	Rs. 3,42,226	Rs. 31,570
EL Pro DT 345 kWh	Electric(Battery) / Automatic	Rs. 16,94,000	Rs. 18,21,208	Rs. 14,86,380	Rs. 3,34,828	Rs. 31,948
EL Pro 394 kWh	Electric(Battery) / Automatic	Rs. 17,49,000	Rs. 18,92,826	Rs. 15,34,816	Rs. 3,58,010	Rs. 32,989
EL Pro DT 394 kWh	Electric(Battery) / Automatic	Rs. 17,69,000	Rs. 19,12,441	Rs. 15,52,430	Rs. 3,60,011	Rs. 33,368

How Is the Mahindra XUV400 EV EMI Calculated?

EMI = [P × r × (1 + r)ⁿ] ÷ [(1 + r)ⁿ − 1], where P is the loan amount, r is the monthly interest rate {(annual rate ÷ 12) ÷ 100} and n is the tenure in months. For the EC Pro 345 kWh electric variant: P = ₹13.59 Lakh, r = (10.5 ÷ 12) ÷ 100 = 0.00875 and n = 60 months, which gives an EMI of ₹29,203.

The calculation starts from the Delhi on-road price of ₹16.76 Lakh (ex-showroom ₹15.49 Lakh plus insurance, RTO and other charges).

Factors That Affect Your Mahindra XUV400 EV Loan EMI

Down payment: Every ₹1 lakh of extra down payment lowers the EMI by about ₹2,149 at 10.5% for 60 months.
Interest rate: A rate 1% higher adds about ₹678 to the EMI on a ₹13.59 Lakh loan. Starting rates from the banks on this page range from 8.7% to 9.15%.
Loan tenure: Over 36 months the EMI is ₹44,161; over 84 months it drops to ₹22,908 but you pay ₹3.34 Lakh more in interest.
Variant and city: In Delhi the EMI ranges from ₹29,203 (EC Pro 345 kWh electric) to ₹33,368 (EL Pro DT 394 kWh). The on-road price, and with it the loan, changes from city to city with RTO charges and insurance.

EMI of Mahindra XUV400 EV Rivals – e Vitara

Starting EMI of each model's base variant, worked out the same way as the Mahindra XUV400 EV: the down payment is the on-road price minus the loan.

Model	On-road Price	EMI	Tenure	Interest Rate	Compare
Mahindra Scorpio N Z2	Rs. 16,06,405	Rs. 25,796	60 months	10.5%	Compare with XUV400 EV
Mahindra Scorpio S	Rs. 16,70,184	Rs. 25,308	60 months	10.5%	Compare with XUV400 EV
Maruti Suzuki e Vitara Delta	Rs. 17,08,575	Rs. 30,528	60 months	10.5%	Compare with XUV400 EV
Mahindra Thar ROXX MX1 RWD	Rs. 15,34,023	Rs. 23,582	60 months	10.5%	Compare with XUV400 EV

Frequently Asked Questions About Mahindra XUV400 EV EMI

What is the monthly EMI for the Mahindra XUV400 EV?

₹29,203 a month for the EC Pro 345 kWh electric, on a ₹13.59 Lakh loan at 10.5% for 5 years. The top EL Pro DT 394 kWh works out to ₹33,368.

How much down payment is required for the Mahindra XUV400 EV?

About ₹3.17 Lakh for the EC Pro 345 kWh electric in Delhi. That's the on-road price of ₹16.76 Lakh minus the ₹13.59 Lakh loan.

How does the loan tenure affect the Mahindra XUV400 EV EMI?

Over 3 years the EMI is ₹44,161 and you pay ₹2.31 Lakh in interest. Stretch it to 7 years and the EMI drops to ₹22,908, but interest rises to ₹5.66 Lakh.

Is the Mahindra XUV400 EV EMI calculated on the ex-showroom price or the on-road price?

On the on-road price. In Delhi the EC Pro 345 kWh electric costs ₹16.76 Lakh on-road, which includes ₹66,281 insurance and ₹60,490 RTO and other charges.