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Many people find it challenging to select their ideal car due to a tight budget. However, India's car market is fairly broad, offering plenty of dependable, high-quality cars at affordable prices that won't break the bank. Here’s a list of the most popular, reasonably priced vehicles that are currently available on the Indian market.

List of Low Budget Cars in India

Car Name

Ex-Showroom Price*

Estimated Third-Party Premium**

Maruti Alto

₹3.54 Lakhs

₹2,094

Maruti S Presso

₹4.26 Lakhs

₹2,094

Renault Kwid

₹4.69 Lakhs

₹2,094

Maruti Eeco

₹5.27 Lakhs

₹3,416

Maruti Celerio

₹5.36 Lakhs

₹2,094

Maruti Wagon R

₹5.54 Lakhs

₹2,094

Tata Tiago

₹5.60 Lakhs

₹3,416

Hyundai Grand i10 NIOS

₹5.84 Lakhs

₹3,416

Nissan Magnite

₹5.99 Lakhs

₹3,416

Tata Punch

₹5.99 Lakhs

₹3,416

The ex-showroom prices are for Delhi and are subject to change based on the city.

 

Please note that third-party premium rates are indicative. The actual premium that you may have to pay may change depending on various factors. You can check the prevailing premium rates before purchasing your car insurance policy.

10 Low Price Cars in India

Here is a detailed look into the most affordable cars currently available in the market: 

1. Maruti Alto

Maruti Suzuki is one of India’s most trusted brands and has returned with its new offering, the Alto. The car is available in six colour schemes, featuring stylish dual-tone interiors, enhanced safety features, reverse parking assist, and more. Maruti Alto is definitely the one you should check out, among the low priced cars in India.

Car Name

Maruti Alto

Ex-Showroom Price

₹3.54 - ₹5.59 Lakhs

Mileage

22 Kmpl

Engine Displacement

796cc

Fuel Type

Petrol

Transmission

Manual 

Seating Capacity

5

2. Maruti S-Presso

The S-Presso is a great choice if you are looking for a car with the automatic transmission system within a budget. You can get the best of comfort and convenience with this vehicle, thereby making for an ideal purchase. With features like super-powerful air conditioning, steering-mounted audio control, and a 7-inch touchscreen infotainment system, it is one of the best low budget automatic cars in India. 

Car Name

Maruti S-Presso

Ex-Showroom Price

₹4.26 - ₹6.89 Lakhs

Mileage

21 Kmpl

Engine Displacement

998cc

Fuel Type

Petrol & CNG

Transmission

Manual & AMT

Seating Capacity

5

3. Renault Kwid

The Renault Kwid is a good low budget car in India if you are looking for a combination of efficiency and useful features. It has a 279-litre boot space, which is suitable for families with a lot of things to carry. It also ensures enhanced safety by providing airbags for both the driver and the passenger.

Car Name

Renault Kwid

Ex-Showroom Price

₹4.69 - ₹7.38 Lakhs

Mileage

25.17 Kmpl

Engine Displacement

799cc

Fuel Type

Petrol

Transmission

Manual

Seating Capacity

5

4. Maruti Eeco

Maruti Eeco is another great low-budget option, offering plenty of room with its 275-litre boot space. Since it is a minivan, it can be a particularly attractive option for larger families. With rear parking sensors, a 7-seater option, powerful conditioner with a heater, the Eeco is high on the list of low price cars in India.

Car Name

Maruti Eeco

Ex-Showroom Price

₹5.27 - ₹7.35 Lakhs

Mileage

16 Kmpl

Engine Displacement

1196 cc

Fuel Type

Petrol or CNG

Transmission

Manual

Seating Capacity

7

5. Maruti Celerio

Celerio gives you the option of choosing between the automatic or manual transmission system. The car is great for long-distance travelling due to its comfortable interior and a 60-litre fuel tank, being one of the lowest price vehicles in India.

Car Name

Maruti Celerio

Ex-Showroom Price

₹5.36 - ₹8.01 Lakhs

Mileage

24.97 Kmpl

Engine Displacement

999cc

Fuel Type

Petrol & CNG

Transmission

Manual & AMT

Seating Capacity

5

6. Maruti Wagon R

Wagon R has consistently been one of Maruti’s best offering in the past few years. Its popularity is well reasoned as it provides an impeccable combination of quality, efficiency, and affordability. Moreover, the new Wagon R is more spacious with increased legroom, making it quite an attractive option for families.

Car Name

Maruti Wagon R

Ex-Showroom Price

₹5.54 - ₹7.73 Lakhs

Mileage

21.7 Kmpl

Engine Displacement

1197cc

Fuel Type

Petrol & CNG

Transmission

Manual & AMT

Seating Capacity

5

7. Tata Tiago

Tiago features nearly the same price and mileage as some of the other low budget cars in India. However, it comes fitted with a much more powerful enginethat is capable of producing torque of up to 113Nm. The automatic transmission allows for a smooth ride through the city, and also comes fitted with several safety features. 

Car Name

Tata Tiago

Ex-Showroom Price

₹5.59 - ₹8.76 Lakhs

Mileage

23.8 kmpl

Engine Displacement

1199cc

Fuel Type

Petrol & CNG

Transmission

Manual & AMT

Seating Capacity

5

8. Hyundai Grand i10 Nios

Ever since its launch, the Hyundai Grand i10 Nios has been a great low-budget option for many. It is an amalgamation of cutting-edge technology and the age-old reliability that is expected of a Hyundai car. Even as an affordable car, it comes with a powerful engine, touchscreen infotainment systems, and superior capacity, among others.

Car Name

Hyundai Grand i10 NIOS

Ex-Showroom Price

₹5.84 - ₹9.59 Lakhs

Mileage

26.2 Kmpl

Engine Displacement

1197cc

Fuel Type

Petrol/CNG

Transmission

Manual & Automatic

Seating Capacity

5

9. Nissan Magnite

One of the best low budget automatic cars currently in India is Nissan Magnite. It is available in both manual as well as automatic transmission options, comprising a dynamic design with great specs. You can always be secure with useful features like an anti-lock braking system, dual airbags, rear parking sensors, and much more.

Car Name

Nissan Magnite

On-Road Price

₹5.99 - ₹12.92 Lakhs

Mileage

20 Kmpl

Engine Displacement

999cc

Fuel Type

Petrol

Transmission

Manual & AMT

Seating Capacity

5

10. Tata Punch

Enjoy spacious seats and luxurious interiors with Tata Punch, a low price petrol car in India. It is a 5-seater car that offers a state-of-the-art experience through floating infotainment systems such as Apple CarPlay. Moreover, it features a 7-inch instrument cluster, and IRA technology, among others. 

Car Name

Tata Punch

On-Road Price

₹5.99  - ₹11.71 Lakhs

Mileage

20.09 Kmpl

Engine Displacement

1199cc

Fuel Type

Petrol

Transmission

Manual & AMT

Seating Capacity

5

Final Takeaway

Today’s modern technology now allows for the purchase of excellent cars for under ₹6 Lakhs. You can benefit from comfort and convenience in addition to the high-performance offered by such car. However, it is also critical to safeguard both your vehicle and your finances against unanticipated costs, and car insurance can assist you in doing so. 

 

While the law mandates only third-party car insurance, it is recommended to seek additional coverage that protects your vehicle as well as your loved ones against accidents. Check out the car insurance plans offering extensive coverage, cashless claims, and more on Bajaj Markets.

FAQs on Low Price Cars in India

Which is the most affordable car in India?

Here is a small list of the affordable budget cars in India.

  • Maruti Alto 800

  • Datsun Redi Go

  • Maruti Suzuki Wagon R

Which car is available for under ₹3 Lakhs in India?

The Bajaj Qute is a car available for ₹2.63 Lakhs.

Which car is best under ₹5 Lakhs?

Cars like Renault KWID and Maruti Wagon R can be available for under ₹5 Lakhs.

Which is the best new car at a low price?

One of the best new cars at a low price is the new Maruti Alto.

Which budget car is best for a family?

Maruti Eeco is a budget minivan that is best for a large-sized family.

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