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    Upcoming Petrol Cars in India

    Undoubtedly, petrol and diesel vehicles give more mileage than EVs (electric vehicles) but the toxic gas emission from a petrol/diesel car pollutes the air. That is why, the Indian government has set forth a target to have an all-electric fleet by 2030. Although the Indian automotive industry is transitioning from petrol and diesel vehicles to hybrid and electric vehicles in an effort to protect the environment, it takes significant time and effort for the gas-guzzling cars to be fully phased out. In the meanwhile, some of the top carmakers across the world are launching new petrol cars and facelifts of the existing car models this year.

    Here is a list of the upcoming petrol cars in India in 2018-19:

    1. Jeep Compass

    The Compass is available in 3 variants—the Longitude, Sport, and Limited. Some of the features of the Compass include 16-inch alloy rims and reverse parking camera. The Compass comes in a 2.0-litre diesel variant as well.

    Jeep Compass Technical Specifications
    Estimated Price (Ex-showroom) Rs.15.35 - 21.94lakh
    Expected Launch date July 2018
    Maximum power output 160bhp@3750rpm
    Maximum torque 250Nm@1750-2500rpm
    Transmission 5-speed automatic transmission;  7-speed DCT
    Engine Type 1.4-litre 160bhp 16V Multiair Petrol Engine
    Mileage 16.3 kmpl

    2. Honda CR-V

    The Honda CR-V is a petrol car that comes in a diesel variant as well. It is expected to be equipped with a 7-inch infotainment system, auto-boot lid, and LED headlamps.

    Honda CR-V Technical Specifications
    Estimated Price (Ex-showroom) Rs.25.0 lakh
    Expected Launch date August 2018
    Maximum power output 100hp
    Maximum torque 350Nm
    Transmission Manual transmission
    Engine Type 1.5-litre turbocharged petrol 

    3. Toyota Camry

    The new Camry comes with LED headlights, a touchscreen infotainment system, and a wide chrome grill. The interiors have a carbon-wood finish, nine airbags, and an electronically controlled brake system.   

    Toyota Camry Technical Specifications
    Estimated Price (Ex-showroom) Rs.29.75 - 37.22 lakh
    Expected Launch date June 2018
    Maximum power output 157.7bhp@5700rpm
    Maximum torque 213Nm@4500rpm
    Transmission Automatic transmission
    Engine Type 2.5-litre 157.7bhp 16V 2AR-FXE Petrol Engine
    Mileage 19.16 kmpl

    4. Nissan Kicks

    The Kicks is an SUV that will have features similar to the Renault-style models. Some other features of the car include a V-motion grill, faux bash plates, boomerang taillights and headlights, and roof rails.

    Nissan Kicks Technical Specifications
    Estimated Price (Ex-showroom) Rs.9 lakh
    Expected Launch date December 2018
    Maximum power output 125 hp
    Maximum torque 115 lb-ft
    Transmission Automatic transmission
    Engine Type 1.5-litre engine in petrol variant

    5. DC TCA

    The TCA in DC’s soon to be launched sports car stands for ‘Titanium, Carbon, Aluminium’. The car is expected to reach a speed of 0-100kmph in 4.5 seconds. The design of the car is inspired by the Pagani Zonda and Laferrari.

    DC TCA Technical Specifications
    Estimated Price (Ex-showroom) Rs.39 lakh
    Expected Launch date October 2018
    Maximum power output 320 hp
    Transmission Automatic transmission
    Engine Type 3.8L V6 petrol engine

    6. Volkswagen Virtus

    The Virtus is a midsize sedan that is set to replace the Polo Vento. The exterior design of the Virtus is similar to the Polo. The top spec models have high-tech dashboards with dual digital screens.  

    Volkswagen Virtus Technical Specifications
    Estimated Price (Ex-showroom) Rs.15.0 lakh
    Expected Launch date March 2019
    Maximum power output 117hp
    Maximum torque 162Nm
    Transmission 6-speed automatic transmission
    Engine Type 1.6-litre, four-cylinder petrol engine

    7. Hyundai Santro

    The new Santro is expected to be a bridge between the Eon and the Grand i10. The compact hatchback will be the first of Hyundai Motor’s AMT models.

    Hyundai Santro Technical Specifications
    Estimated Price (Ex-showroom) Rs.3.5 lakh
    Expected Launch date February 2019
    Maximum power output 70bhp
    Transmission Manual transmission
    Engine Type 1.0-litre, 3-cylinder petrol engine

    Who are Eligible for a Car Loan?

    Salaried and self-employed individuals between 21 and 65 years of age with a good credit score and a steady income can apply for a car loan. Most banks and NBFCs expect minimum 2 years of work experience in the same field and a minimum net annual income of Rs.3-4 lakh. A credit score of 750 or above has higher chances of car loan approval as it represents the creditworthiness of the applicant. Before applying for a car loan, take the time to check your car loan eligibility on the lender’s website in order to avoid a loan rejection. As you know, multiple loan rejections can affect your credit score negatively, which in turn, will have a negative effect on your future loan prospects.

    Apply for Car Loan Online

    What is Car Loan EMI?

    A car loan like any other secured loan is repaid through Equated Monthly Installments (EMIs) over a specified period of time called the loan tenure. Applicants can use the car loan EMI calculator that is available for free on the lender’s website in order to find out how much their car loan costs on a monthly basis. The tool is easy to use. Enter your car loan details such as the loan amount, interest rate, processing fee, and loan tenure into the tool. Then, click on the ‘Calculate’ button and you will get instant results in the form of an amortisation table. The table represents your car loan periodic repayment schedule.

    How to Apply for a Car Loan Online?

    Visit the lender’s website to download the car loan application form. Submit the duly-filled and signed application form along with the necessary documents such as identity proof (Aadhaar card, PAN card, Driving License, Voter’s ID card, and passport), age proof (birth certificate and 10th/12th school certificate), address (ration card and utility bills like telephone and electricity bills), and income proof (last 3-6 months’ salary slips and bank statements, Form 16, and IT returns).

    Instant Car Loan Disbursal

    Lenders compete with each other to offer the best services to their customers in the form of instant loan approval and disbursal. The bank will process your car loan application and upon approval, the loan amount will be disbursed to your bank account in just a matter of few hours. Tip: In order to get the best car loan offer, take the time to compare several car loan deals offered by the top lenders in the country and choose one with a low-interest rate, suitable loan tenure, zero processing fee, and flexible repayment options.

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