2024 Honda Passport EliteTrue Cost of Ownership in India
280 hp V6. Full cost breakdown including import duty (100%), VAT (28%), insurance, fuel at ₹1.05/L, maintenance, and depreciation.
Purchase Price
$115K
Base: $45K
Annual Total
$12K
Insurance + fuel + maintenance
Import Duty
$45K
100% of base price
VAT
$25K
28% applied
Annual Insurance
$350
Avg for this country
5-Year Total
$177K
Purchase + 5yr running costs
2024 Honda Passport Elite — Full Cost Breakdown in India
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $45K |
| Import Duty (100%) | $45K |
| VAT / Sales Tax (28%) | $25K |
| Total Purchase Price | $115K |
| Annual Insurance | $350 |
| Annual Fuel Cost | $2K |
| Annual Maintenance | $450 |
| Annual Depreciation | $9K |
| Registration & Road Tax | $900 |
| Total Annual Running Cost | $12K |
| 5-Year Total Cost of Ownership | $177K |
| Cost Per Kilometer | $0.829 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Honda Passport Elite Fuel Cost Calculator — India
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$1,733
USD equivalent
Monthly Fuel Cost
$144
Per month average
Annual Liters Used
1,650L
At 15,000 km/yr
Cost per 100km
$11.55
11L × ₹1.05
Honda Passport Elite Depreciation Curve
The Honda Passport Elite loses approximately $22K (49%) of its value over 5 years.
Year-by-Year Value
| New | $45K | 100% |
| Year 1 | $36K | 80% |
| Year 2 | $32K | 70% |
| Year 3 | $28K | 62% |
| Year 4 | $25K | 56% |
| Year 5 | $23K | 51% |
Depreciation based on suv segment averages.
Honda Passport Elite vs. Competitors in India
How does the Honda Passport Elite compare to similar cars available in India?
Honda
Passport Elite
Base Price
$45K
Annual Cost in India
$12K
Toyota
RAV4
Base Price
$32K
Annual Cost in India
$8K
Honda
CR-V
Base Price
$31K
Annual Cost in India
$7K
Mazda
CX-5
Base Price
$30K
Annual Cost in India
$7K
Annual costs estimated for India market. Import duty (100%) and VAT (28%) applied to all models.
🇮🇳 Owning a Car in India
Cheapest country to own a car overall.
Very Expensive for India
Annual car costs = 565% of average India income ($2K/yr)
Average Annual Income
$2K
In India
Fuel Price
₹1.05/L
Gasoline dominant
Avg Car Insurance
$350
Per year
Import Duty
100%
On vehicle value
VAT / Sales Tax
28%
Applied at purchase
Driving Side
Left-hand
Asia
Popular Car Brands in India
Honda Passport Elite in India — Frequently Asked Questions
Common questions about owning a Honda Passport Elite in India.
The 2024 Honda Passport Elite has a base price of $45,000 USD. In India, after 100% import duty and 28% VAT, the total purchase price is approximately $115,200 USD (₹115,200 INR).