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With a rising number of Indians making the shift from two-wheelers to four-wheelers, the demand for budget cars is on the rise. Budget cars in India are not only fuel efficient but also spacious and durable. If you opt for a car like the Bajaj Qute (RE60), your savings on fuels will prove to be remarkable. With its compact design, navigating through the tiniest of lanes will make driving an effortless experience. While it may be small in size, it comes with a range of features.

List of best cars under Rs. 3 lakhs along with their on-road price

With respect to cars below Rs. 3 lakhs in India, there’s just a solitary option that’s available in the market right now. Let’s take a quick look at the car along with its estimated on-road price and approximate insurance cost.


But before we go ahead, here’s something that you should know. The on-road price specified below is specific to the region of New Delhi. The price may vary depending on the state and region you are from.


Best cars under Rs. 3 lakhs

On road prices

Insurance premium costs (Approx.)

Bajaj Qute (RE60)

Starting from Rs. 2.91 lakhs

Rs. 16,788


The car insurance premium displayed above is just an approximation. It can either be higher or lower depending on the insurance service provider that you opt for. For more information regarding car insurance premiums for a vehicle, you can use the online car insurance calculator available on the Bajaj Markets website.


Bajaj Qute (RE60)

 (Source: Wikimedia Commons)


The Qute (RE60) is an ultra-compact car from Bajaj Auto with a price tag of just Rs. 2.6Rs. 3 lakhs (ex-showroom). Since you’re effectively getting a new car for under Rs. 3 lakh, the Qute is the perfect option for small families looking to upgrade to their first ever car. Even the cost of insuring the Bajaj Qute (RE60) is just Rs. 16,788 per year (approximately).


Marketed as a better alternative to two-wheelers and three-wheelers, the Bajaj Qute (RE60) protects the occupants from environmental factors. Thanks to its compact dimensions, the Bajaj Qute can easily navigate even the narrowest of lanes with ease.


Despite its small dimensions, the car comes with several features such as a dedicated front storage space, foldable rear seats, support for rooftop storage, and a powerful cooling fan for the interiors. Continue reading to find out more about this unique car under Rs. 3 lakhs (on-road price). 

Car Variables/Features


On- road price range

Starting from Rs. 2.91 lakhs

Insurance cost

Rs. 16,788 (approximately)

Safety rating

1-star rating (Euro NCAP)

Engine capacity

216 cc

Transmission type

5-speed manual transmission

Fuel Type

Petrol / CNG / LPG


Petrol - 34 kilometres per litre


CNG - 50 kilometres per kilogram


LPG - 21 kilometres per litre

Seating capacity

4 individuals



There you have it. The Bajaj Qute (RE60) is the only entry in the list of cars under Rs. 3 lakhs that’s currently available for sale in India. However, this Rs. 3 lakh car is a great option for individuals concerned about high fuel costs since it comes with alternative fuel options and gives exceptional fuel efficiency.


If you’re planning to purchase the Bajaj Qute (RE60) in the near future, make sure to also purchase a comprehensive car insurance plan. Not only is having a car insurance plan mandatory as per law, but it also helps you protect you financially in the event of an accident involving the vehicle. Alternatively, if you already have car insurance that’s up for renewal, make sure to go through with the renewal on time before the due date. This way, you can ensure continuous and uninterrupted protection for your car.    

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