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For a first time team, considering you try to make a reasonably good vehicle. The budget will go
on like this_(roughly)
Suspension: if you settle for good market price 1 to 1.5 lacs fox with student discount.
Brakes ,knucles and steering assuming you use OEMS for first time : 40k
So total 5 to 6 lacs.
However the cost will come down in subsequent years but if you start building custom made
components like knuckles and steering column the budget will go up. Hope this helps.
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Tires along with the rims cost varies from 30000/- to 60000/- with different brands like bkt,
Carlisle, polaris
Transmission 25000/-
Transponder 10000/-
Fastners-3500/-
Hubs and knucklesyou can do it for 8000/- if you manufacture them otherwise is costs around
20000/-