trinaonline - the choices you face are difficult indeed. If there is a room for a new diesel car, you would be better off with a new car and selling the alto would not be much of a problem.
The foreclosure fees will be offset by the higher price the car will fetch when compared to 1.5 years later.
One factor was not taken into account in your arguments was that the car use increases sometimes because of sheer laziness. We tend to take out the car where there is no need just because it is available. When it pinches (at the filling station) then the realization dawns that it is getting expensive. But the fact is we exploit the car for the benefits it offers, sometimes more than what is legitimate ;-) There goes your initial estimate!
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