The Ford Mustang is a legendary sports car, mustang car cost in india, known for its iconic design, powerful performance, and global appeal. In India, the Mustang has become a symbol of luxury and style, appealing to car enthusiasts who dream of owning this American classic. If you’re curious about the cost of owning a Mustang in India, this guide breaks down everything you need to know.
Ford Mustang Variants Available in India
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The Ford Mustang made its entry into the Indian market with the GT model, a crowd favorite. Known for its robust 5.0L V8 engine and striking design, the Mustang GT remains the primary model available. Ford enthusiasts have also imported other variants privately, but the Mustang GT is the officially launched model in India.
Ex-Showroom Price of Ford Mustang in India
The ex-showroom price of the Ford Mustang GT in India typically starts at around ₹75–80 lakh, depending on the city and dealership. This price is exclusive of additional costs such as registration, insurance, and taxes.
On-Road Price Breakdown
The on-road price of the Ford Mustang in India includes several components, adding significantly to the ex-showroom price:
- Registration Charges: State-specific charges that vary based on the cost of the car.
- Road Tax: A percentage of the car’s value, typically between 10–15%.
- Insurance Premium: Comprehensive car insurance for high-value vehicles.
- Additional Cess and Levies: Taxes such as GST and luxury car cess.
These elements can raise the on-road price of the Mustang to approximately ₹90 lakh to ₹1 crore.
Mustang Car Cost of Ownership
Owning a Mustang in India comes with its share of maintenance and running costs. Here’s a breakdown:
- Maintenance Costs: Regular servicing can range from ₹20,000 to ₹50,000 per service, depending on usage.
- Fuel Efficiency: With an average mileage of 7–10 km/l, fuel costs can add up quickly, especially for city driving.
- Spare Parts: Genuine parts for luxury sports cars are expensive and may involve waiting periods.
- Depreciation: Mustangs hold their value relatively well, but depreciation for high-end cars is faster compared to mass-market vehicles.
Import Duties and Taxes
The Ford Mustang is classified as a luxury sports car, attracting significant import duties in India. Import taxes can account for up to 100% of the car’s base price. This factor contributes heavily to the Mustang’s high cost compared to its price in international markets.
Availability of Used Ford Mustangs
For those looking for more budget-friendly options, the used car market offers Mustangs at lower prices. Pre-owned Mustang GTs are available starting at ₹50–60 lakh, depending on the model year and condition. When buying used, inspect the vehicle thoroughly and check its service history to ensure value for money.
Mustang Car Financing and Loan Options
Many financial institutions in India offer loans for luxury cars like the Mustang. Interest rates for car loans typically range between 8–12%, with tenures up to seven years. To secure favorable terms:
- Maintain a strong credit score.
- Compare offers from multiple lenders.
- Opt for a larger down payment to reduce monthly EMIs.
Conclusion
Owning a Ford Mustang in India is a dream for many, and while the cost is significant, the experience of driving this legendary car is unmatched. From its iconic roar to its head-turning presence on the road, the Mustang is a worthy investment for those passionate about performance cars.
FAQs About mustang car cost in india
What is the ex-showroom price of the Ford Mustang in India?
The ex-showroom price starts at ₹75–80 lakh.
How does the on-road price differ from the ex-showroom price?
The on-road price includes registration, road tax, insurance, and additional levies, raising the total cost to around ₹90 lakh to ₹1 crore.
Are there additional costs for importing a Mustang into India?
Yes, importing a Mustang privately incurs high import duties, often doubling the base price.
What financing options are available for buying a Mustang?
Several banks and NBFCs offer loans for luxury cars with interest rates between 8–12%.
Is it better to buy a used Mustang in India?
Buying a used Mustang can save money, with prices starting around ₹50–60 lakh. Ensure the car is in good condition and has a complete service history.
