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Best Cars Under 5 Lakhs in 2022

Budget-friendly cars under Rs. 5 Lakhs have always been popular. They’re compact, easy to drive, fuel efficient and require very less space to park. If you’re looking to purchase a car in this segment, you have plenty of different options from various car manufacturers like Maruti Suzuki, Renault, Datsun and even Hyundai. 

Hatchbacks like Renault KWID, Maruti Suzuki Alto, Datsun redi-GO and Hyundai Santro are few of the best cars that you can consider purchasing under Rs. 5 Lakhs. Alternatively, if you’re looking for a budget-friendly car that can accommodate your entire family, then the Maruti Suzuki Eeco might just be a good option for you. 

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List of Top Cars Under Rs. 5 Lakhs

Before choosing a car, you should be aware of the on road price of it. Here is a list of the best Indian cars under Rs. 5 lakhs along with their on-road price for you to choose from.

Top Cars Under Rs. 5 Lakhs

On-Road Prices including RTO and Insurance

(New Delhi)

Insurance Cost

 

Renault KWID (RXE)

Rs. 4.75 lakhs

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Maruti Suzuki Alto (STD)

Rs. 3.64 lakhs

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Maruti Suzuki S-Presso (STD)

Rs. 4.29 lakhs

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Datsun redi-GO (T)

Rs. 4.75 lakhs

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Datsun GO (D)

Rs. 4.62 lakhs

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Datsun GO+(D)

Rs. 4.90 lakhs

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Hyundai Santro (Era Executive)

Rs. 5.35 lakhs

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Maruti Suzuki Eeco (STD)

Rs. 4.99 lakhs

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Bajaj Qute (RE60)

Rs. 2.91 lakhs

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The on-road prices mentioned above are applicable only for New Delhi. The price varies from city to city depending on the RTO charges and insurance cost changes. Other than the ones mentioned above, you can find different variants for the cars under Rs. 5 lakhs on road price. Depending on these variants, the car insurance cost of the car varies. You can use a car insurance calculator to calculate these complicated prices. Finserv MARKETS offers an online car insurance calculator which is easy to use and error-free. Now, let us check out the key features of each of these best cars below Rs. 5 lakhs. Please note that the on-road price ranges mentioned below are for New Delhi city.

Source: https://commons.m.wikimedia.org/wiki/Main_Page

1. Renault KWID

Renault KWID is a hatchback from the house of Renault. It has 8 variants, and the base price starts from Rs. 4.24 lakhs. KWID is a 5 seater car with it's least expensive variant being RXE. It has remained one of the best cars under Rs. 5 lakhs since its launch in 2015. KWID is an easy-to-drive car with compact dimensions and a decent cabin. It offers a mileage of 22.3 kmpl. It has variants with both manual and automatic transmission. Renault KWID does not have a diesel or CNG option. The insurance premium for this car can cost between Rs. 27,000 to 36,000 per annum.

Check out the table below for the features of Renault KWID.

Features

Information

On- Road Price Range

Rs. 4.75 - 6.47 lakhs

Insurance Cost

Starting from Rs. 27,000

Safety Rating

1-star safety rating

Engine Capacity

799- 999 cc

Transmission Types

Manual and Automatic

Fuel Range

Petrol

Source: https://commons.m.wikimedia.org/wiki/Main_Page

2. Maruti Suzuki Alto

Maruti Suzuki Alto is a hatchback with 6 variants, and the base price starts from Rs. 3.25 lakhs. Alto is a 4-5 seater car and quite zippy to drive. It is fuel-efficient and also comes with an optional CNG model. It offers a mileage of 22.05 kmpl for petrol option and 31.59 km/kg for CNG option. Alto has variants with only manual transmission and does not have a diesel option. It remains as one of the affordable cars priced under Rs. 5 lakh. The insurance premium for this car can cost between Rs. 19,000 to 25,000 per annum.

Check out the table below for the features of Maruti Suzuki Alto.

Features

Information

On- Road Price Range

Rs. 3.56 - 5.33 lakhs

Insurance Cost

Starting from Rs. 19,000

Safety Rating

0-star safety rating

Engine Capacity

796 cc

Transmission Types

Manual

Fuel Range

Petrol and CNG

Source: https://commons.m.wikimedia.org/wiki/Main_Page

3. Maruti Suzuki S-Presso

Maruti Suzuki S-Presso is a hatchback from the house of Maruti. It has 6 variants, and the base price starts from Rs. 3.85 lakhs. S-Presso is a 4-5 seater car with it's least expensive variant being STD. Maruti Suzuki has introduced the S-Presso in India as a mini-SUV. It is one of the best new cars under Rs. 5 lakhs. S-Presso has compact dimensions with good space utilization. It offers a mileage of 21.4 kmpl and has variants with both manual and automatic transmission. CNG option is available along with petrol. The insurance premium for this car can cost between Rs. 22,000 to 29,000 per annum.

Check out the table below for the features of Maruti Suzuki S-Presso.

Features

Information

On- Road Price Range

Rs. 4.29 - 6.16 lakhs

Insurance Cost

Starting from Rs. 22,000

Safety Rating

0-star safety rating

Engine Capacity

998 cc

Transmission Types

Manual and Automatic

Fuel Range

Petrol and CNG

Source: https://commons.m.wikimedia.org/wiki/Main_Page

4. Datsun redi-GO

Datsun redi-GO is a hatchback with 5 variants, and the base price starts from Rs. 3.97 lakhs. redi-GO is a 5 seater car that offers practicality and style while also being affordable. It is one of the best cars in the Rs. 5 lakh category. It offers a mileage of 20.71 kmpl and has variants with both manual and automatic transmission. Only petrol engine options are available. The insurance premium for this car can cost between Rs. 23,000 to 27,000 per annum.

Check out the table below for the features of Datsun redi-GO.

Features

Information

On- Road Price Range

Rs. 4.43 - 5.50 lakhs

Insurance Cost

Starting from Rs. 23,000

Safety Rating

1-star safety rating

Engine Capacity

799 cc

Transmission Types

Manual and Automatic

Fuel Range

Petrol

Source: https://commons.m.wikimedia.org/wiki/Main_Page

5. Datsun GO

Datsun GO is a hatchback with 5 variants, and the base price starts from Rs. 4.02 lakhs. GO is a 5 seater car that is well equipped and more practical than any hatchback at this price. It is one of the best Rs. 5 lakh priced cars. It offers a mileage of 19.02 kmpl and has variants with both manual and automatic transmission. Only petrol engine options are available. The insurance premium for this car can cost between Rs. 20,000 to Rs. 37,000 per annum.

Check out the table below for the features of Datsun redi-GO.

Features

Information

On- Road Price Range

Rs. 4.62 - 7.51 lakhs

Insurance Cost

Starting from Rs. 20,000

Safety Rating

0-star safety rating

Engine Capacity

1198 cc

Transmission Types

Manual and Automatic

Fuel Range

Petrol

Source: https://commons.m.wikimedia.org/wiki/Main_Page

6. Datsun GO+

Datsun GO+ is a hatchback with 5 variants, and the base price starts from Rs. 4.25 lakhs. GO+ is a 7 seater car that is more practical and affordable. It is one of the best cars in the Rs. 5 lakh category. It offers a mileage of 18.57 kmpl and has variants with both manual and automatic transmission. Only petrol engine options are available. The insurance premium for this car can cost between Rs. 29,000 to Rs. 39,000 per annum.

Check out the table below for the features of Datsun GO+.

Features

Information

On- Road Price Range

Rs. 4.90 - 8.06 lakhs

Insurance Cost

Starting from Rs. 29,000

Safety Rating

1-star safety rating

Engine Capacity

1198 cc

Transmission Types

Manual and Automatic

Fuel Range

Petrol

Source: https://commons.m.wikimedia.org/wiki/Main_Page

7. Hyundai Santro

Hyundai Santro is a hatchback from the house of Hyundai. It has 9 variants, and the base price starts from Rs. 4.86 lakhs. It has variants with both manual and automatic transmission. Hyundai Santro has petrol and CNG options and it offers a mileage of 20.3 kmpl and 30.48 Km/Kg respectively. The insurance premium for this car can cost between Rs. 30,000 to Rs. 36,000 per annum.

Check out the table below for the features of Hyundai Santro.

Features

Information

On- Road Price Range

Rs. 5.35 - 7.25 lakhs

Insurance Cost

Starting from Rs. 30,000

Safety Rating

2-star safety rating

Engine Capacity

1086 cc

Transmission Types

Manual and Automatic

Fuel Range

Petrol and CNG

 

8. Maruti Suzuki Eeco

Maruti Suzuki Eeco is a 7 seater and has 4 variants. The base price starts from Rs. 4.53 lakhs. Eeco is one of the best 7 seaters you can buy from cars under Rs. 5 lakhs. It has variants only with manual transmission. Eeco has petrol and CNG options and it offers a mileage of 16.11 kmpl and 20.88 Km/Kg respectively. The insurance premium for this car can cost between Rs. 29,000 to Rs. 33,000 per annum.

Check out the table below for the features of Maruti Suzuki Eeco.

Features

Information

On- Road Price Range

Rs. 4.99 - 6.45 lakhs

Insurance Cost

Starting from Rs. 29,000

Safety Rating

0-star safety rating

Engine Capacity

1196 cc

Transmission Types

Manual

Fuel Range

Petrol and CNG

Source: https://commons.m.wikimedia.org/wiki/Main_Page

9. Bajaj Qute (RE60)

Bajaj Qute (RE60) is a 4 seater and has only 1 variant. The base price starts from Rs. 2.63 lakhs. It is the cheapest among cars under Rs. 5 lakhs. It has only manual transmission. Qute has petrol and CNG options and it offers a mileage of 35 kmpl and 43 Km/Kg respectively. The insurance premium for this car can cost Rs. 16,000 per annum.

Check out the table below for the features of Bajaj Qute (RE60).

Features

Information

On- Road Price Range

Rs. 2.91 lakhs

Insurance Cost

Rs. 16,000 or above

Safety Rating

1-star safety rating

Engine Capacity

216 cc

Transmission Types

Manual

Fuel Range

Petrol and CNG

 

Conclusion

The options for cars under Rs. 5 lakhs are limited since it is a constrained budget. Carefully consider your budget, availability of the car and your needs before selecting one from the above list. Always check the mileage range of the cars keeping the rising fuel prices in mind. When you buy any of these best cars under Rs. 5 lakhs, you should be aware that car insurance is mandatory as per the Motor Vehicles Act, 1988. You should never forget to renew the car insurance on time. Otherwise, you will be imposed with penalties. A car insurance provides you legal protection as well as financial protection in case of any unforeseen emergencies involving the car. 

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FAQs on Best Cars Under Rs. 5 Lakhs In 2022

✔️Which is the most fuel-efficient car under Rs. 5 lakhs in India?

The most fuel-efficient cars under Rs. 5 lakhs in India are

  • Bajaj Qute (RE60)

  • Maruti Suzuki Alto

  • Renault KWID

✔️Which is the best automatic car under Rs. 5 lakhs?

The best automatic cars under Rs. 5 lakhs are Datsun redi-GO, Renault Kwid, Maruti Suzuki S-Presso, etc.

✔️What is the on-road price of Datsun redi-GO in Delhi?

The least expensive variant of Datsun redi-GO is D, and the most expensive one is AMT 1.0 T Option. The on-road prices of D and AMT 1.0 T Option in Delhi are Rs. 4.20 lakh and Rs. 5.40 lakh respectively.

✔️Which are the best upcoming cars under Rs. 5 lakhs in India in 2022?

Some of the best upcoming cars under Rs. 5 lakhs in India in 2022 are Maruti Alto 2022, Maruti Cervo, Tata Kite 5, Volkswagen Up and Datsun Cross.

✔️What is the insurance cost of Maruti Suzuki Alto in Mumbai?

The insurance cost of Maruti Suzuki Alto in Mumbai starts from Rs. 19,000 onwards.