Nissan Magnite
The Nissan Magnite is an easy-to-drive and economical SUV priced at ₹6 - 11 Lakh, featuring an economical 1.2L Turbo / 1.5L Diesel engine that delivers an impressive 20.0 kmpl fuel economy delivering frugal city travel. Major strengths include most affordable sub-4m SUV with turbo-petrol (100 PS), coupled with a commendable 4 Star crash test safety benchmark. A smart choice for daily metropolitan commuting, it combines practical packaging with rock-bottom cost of ownership and stress-free driving manners.
Nissan Magnite price starts from ₹6 Lakh for the base model and goes up to ₹9 Lakh for the top model (avg. ex-showroom) as of October 2026.
Nissan Magnite Price Details:
- Base Variant (XE MT): ₹6 Lakh
- Top Variant (XV Premium Turbo CVT): ₹9 Lakh
- Estimated On-Road Price: ₹6.72 Lakh - ₹10.08 Lakh
Nissan Magnite Engine & Variant Options:
- Engine Options: 1.2L Turbo / 1.5L Diesel
- Transmission: Manual / Automatic
- Variants: Available in 5 variants.
Nissan Magnite Insurance Quotes & EstimatesOctober Offers
Estimated annual premiums and coverage options for your new Nissan Magnite.
Comprehensive Cover
Recommended for complete protection including own-damage, theft, natural disasters, and third-party liabilities. Typically costs around 3-4% of the car's Insured Declared Value (IDV).
Third-Party Cover
Mandatory by law in India. Covers legal liabilities arising from damage to a third party's property or injury/death. Does not cover damages to your own Nissan Magnite. Rates are fixed by IRDAI based on engine capacity.
Tips on IDV Calculation
The Insured Declared Value (IDV) is the maximum sum assured fixed by the insurer. For a brand new Nissan Magnite, the IDV is typically calculated at 95% of the ex-showroom price. Over time, depreciation applies:
- Up to 6 months: 5% depreciation
- 6 months to 1 year: 15% depreciation
- 1 to 2 years: 20% depreciation
- 2 to 3 years: 30% depreciation
Tip: Always opt for 'Zero Depreciation' (Bumper-to-Bumper) add-on for the first 3-5 years to ensure you get full claim value without deductions for plastic, glass, or rubber parts.