
Nissan Magnite Gets CNG Kit; Prices Start At Rs. 6.89 Lakh
The Nissan Magnite now gets a CNG kit which can be retro-fitted at dealerships. The CNG Kit is fully developed, manufactured by Motozen, a third-party company, as per regulations of the company. Motozen will provide warranty for the CNG kit components. The complete retro-fitting will be done at a price of Rs. 75,000. The CNG kit option is available only with the new Nissan Magnite 1.0 litre naturally aspirated petrol engine with the manual gearbox. The turbo models will not get CNG option, at least at the moment. Sources suggest that the CNG kit will offer 24 km per kg in the city and 30 km per kg on the highway. The price of the CNG kit includes a fire extinguisher, third-party warranty, RC endorsement and installation charges.
In the first phase, Nissan customers can order the CNG kit installation via Nissan authorised dealerships in seven states, Delhi-NCR, Haryana, Uttar Pradesh, Maharashtra, Gujarat, Kerala and Karnataka. It will later be expanded to other states across the country as part of Phase 2. Now, existing owners will not be able to retro-fit the CNG kit, because the new Magnite is now E20 compliant and CNG-ready, while the older models are not.
Saurabh Vatsa, Managing Director, Nissan Motor India
The CNG kit will be fitted at the dealership and the Magnite will have a 12-kg single-cylinder for the same. The cylinder will have a 7 mm wall along with an auto cut-off valve. The company also says that the bootspace will not be overly compromised and the suspension will be able to take the extra load of the CNG cylinder. The SUV will be able to accommodate two suitcases and two small bags.
The CNG kit is of course government certified and Nissan along with Motozen will offer a 3-year and 1 lakh km warranty on the Nissan CNG. The official fuel efficiency figures for the Nissan Magnite CNG will be revealed in the coming weeks. Nissan is also in place to cross the 200,000 sales mark for the Magnite in India by the end of the month.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


India.com
13 minutes ago
- India.com
Bad news for Noel Tata, this company reports 9% decline in sales, share price fell by…
Tata Motors on Sunday reported a 9 per cent year-on-year decline in total sales at 70,187 units in May. The Mumbai-based auto major had reported total sales of 76,766 units in May 2024. Domestic sales declined 10 per cent year-on-year to 67,429 units, as compared to 75,173 units in the year-ago period Tata Motors said in a statement. Total passenger vehicle sales declined 11 per cent year-on-year to 42,040 units in May. Commercial vehicles sales stood at 28,147 units, as compared to 29,691 units, a dip of 5 per cent. At 9:20 am, shares of the company were trading at Rs 711, lower by 1.2 percent from the last close. Tata Motors declined 2 percent to Rs 707 in morning trade on June 2 after the report of dip in company's vehicle sales. Tata Motors shares are down 3 percent since the beginning of the year. The company reported a 51 percent fall in net profit in the quarter ended March 2025. It posted a consolidated net profit of Rs 17,407 crore in the same quarter last fiscal. Its consolidated total revenue from operations increased 0.4 percent at Rs 1,19,503 crore against Rs 1,19,033 crore in the year-ago period. However, the sales volumes at JLR rose 1.1 percent in the quarter, due to a strong demand for its SUVs in North America and Europe. Jefferies has given an 'underperform' rating on Tata Motors with a target price of Rs 630 per share. (With Inputs From PTI)


Mint
15 minutes ago
- Mint
Personal loan EMI calculator: How it works and what impacts your EMI
Whenever a borrower takes a personal loan, the bank or the NBFC shares the EMI payment schedule. It has the details of the EMI amount, the number of EMIs, the EMI break up (principal and interest), etc. Have you ever thought about how the EMI is calculated? In this article, we will understand how the personal loan EMI is calculated and the factors that influence it. The personal loan EMI (Equated Monthly Instalment) is the fixed amount that a borrower needs to pay every month to the bank or NBFC. The EMI has to be paid on a fixed date every month throughout the loan tenure. The bank usually asks the borrower to sign an auto-debit mandate. The mandate allows the bank to auto-debit the borrower's bank account with the EMI amount every month on a specified date. A personal loan EMI has two components: the principal you borrowed from the bank, and the interest the bank charges. Let us understand how the personal loan EMI schedule looks with an example. Karan has taken a personal loan of Rs. 1 lakh at an interest rate of 12% p.a. for a tenure of 1 year. Karan's EMI schedule will look as follows. Month Loan opening balance (Rs.) EMI (Rs.) Interest component (Rs.) Principal component (Rs.) Loan closing balance (Rs.) 1 100000.00 8,884.88 1000.00 7884.88 92115.12 2 92115.12 8,884.88 921.15 7963.73 84151.39 3 84151.39 8,884.88 841.51 8043.36 76108.03 4 76108.03 8,884.88 761.08 8123.80 67984.23 5 67984.23 8,884.88 679.84 8205.04 59779.19 6 59779.19 8,884.88 597.79 8287.09 51492.11 7 51492.11 8,884.88 514.92 8369.96 43122.15 8 43122.15 8,884.88 431.22 8453.66 34668.49 9 34668.49 8,884.88 346.68 8538.19 26130.30 10 26130.30 8,884.88 261.30 8623.58 17506.72 11 17506.72 8,884.88 175.07 8709.81 8796.91 12 8796.91 8,884.88 87.97 8796.91 0.00 Karan will have to pay a monthly EMI of Rs. 8,884.88. The above table shows how, during the initial months, the interest component is higher, and the principal component is lower. As the EMI schedule progresses, the principal component goes on increasing, and the interest component goes on decreasing. Karan will pay a total interest of Rs. 6,618.55 over the one-year personal loan tenure. In the above example, we saw how Karan has to pay an EMI of Rs. 8,884.88 on his personal loan. The EMI amount is arrived at using the following formula. Personal loan EMI calculator formula P is the principal or loan amount, which in our example is 100000 (Karan has borrowed Rs. 1 lakh) n is the loan tenure in months, which in our example is 12 (Karan has taken the loan for 12 months) r is the monthly interest rate, which in our example is 0.01 (12% annual interest rate or 0.12 divided by 12 months = 0.01 monthly interest rate) When you substitute the above values in the EMI formula, you will get the EMI amount of Rs. 8,884.88. However, you can get readymade calculators online. You can get them on banks, NBFC, or other personal finance websites/apps. Hence, you need not manually remember the above formula and calculate the EMI amount. The other option is to calculate the EMI in an Excel spreadsheet using the PMT formula, which is as follows. = PMT (rate, nper, pv, fv, type) rate is the monthly interest rate, which in our example is 0.01 (Karan has taken the loan at 12% per annum or 0.12. When we divide 0.12 annual interest by 12, we get the monthly interest rate as 0.01) nper is the loan tenure in months, which in our example is 12 pv is the principal loan amount, which in our example is 100000 fv is the future value, which in our example is 0 type is whether payment is timed at the end of the period (0) or at the beginning of the period (1), which in our case is 0 You need to enter the following formula in an Excel spreadsheet You will get the EMI amount of Rs. 8,884.88 In the earlier section, we understood how the personal loan EMI is calculated. Now, let us look at the factors that influence the EMI. Some of these factors are as follows. The bank decides the rate of interest on the loan. The higher the interest rate, the higher will be the EMI amount, and vice versa, other things being equal. In our example, the interest rate on Karan's loan is 12% p.a. If the interest rate is higher than 12%, the EMI will be higher. If the interest rate is lower than 12%, the EMI will be lower. The loan amount, also known as the principal, is the amount borrowed from the bank. The higher the loan amount, the higher will be the EMI amount, and vice versa, other things being equal. In our example, Karan's personal loan amount is Rs. 1 lakh. If the loan amount is higher than Rs. 1 lakh, the EMI will be higher. If the loan amount is lower than Rs. 1 lakh, the EMI will be lower. The loan tenure is the number of years or months for which the personal loan has been taken. A higher tenure will result in a lower EMI, and vice versa. Choosing the loan tenure can be tricky. If the tenure chosen is longer than required, the borrower will end up paying more interest. If the tenure chosen is shorter than required, the higher EMI amount may pressure the cash flows and disturb the monthly budget. A down payment is the amount you pay upfront from your pocket for purchasing something. The remaining amount is financed with a loan. In a personal loan, there is no down payment. However, in loans like home loans, vehicle loans, etc., there is a down payment. The higher the down payment, the lower will be the loan amount; and thus, the lower will be the loan EMI. You must compare personal loan interest rates across banks and NBFCs using an online aggregator. Shortlist 3-4 lenders with lower interest rates and take the discussion forward with them. Do you have a higher credit score? If yes, you can use it to negotiate with banks for a lower interest rate on personal loans. In this article, we have discussed what a personal loan EMI is, how it is calculated, and the factors that influence it. It can help you calculate the EMI before you take a personal loan. When you know the EMI in advance, you can check the monthly budget and evaluate how to make a provision for it. When you know the EMI before taking the personal loan, you can calculate the debt-to-income (DTI) ratio. If the DTI ratio is higher than required, you can work towards lowering it, to avoid loan rejection. Thus, much-needed clarity on the personal loan EMI calculation can help you manage your personal finances better. Gopal Gidwani is a freelance personal finance content writer with 15+ years of experience. He can be reached at LinkedIn.


India.com
15 minutes ago
- India.com
THIS company's Q4 net profit grows 30 percent to Rs 20 crore
शेयर बाजार में हाहाकार, अरबों डॉलर हुए स्वाहा Steel structure maker Salasar Techno Engineering has reported a 30 per cent growth in consolidated net profit to Rs 19. 31 crore in the March 2025 quarter, driven by higher revenues. It had posted a net profit of Rs 15. 21 crore in the January-March period of the preceding fiscal, the company said in an exchange filing on Friday. During the fourth quarter, the company's total income increased 32 per cent to Rs 472. 68 crore from Rs 358. 42 crore in Q4 FY24. Salasar Techno Engineering is a steel structure manufacturer and engineering, procurement and construction infrastructure company, catering to telecom, energy and railways sectors. (With PTI Inputs)