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.
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.
Here is a detailed look into the most affordable cars currently available in the market:
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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.
Here is a small list of the affordable budget cars in India.
Maruti Alto 800
Datsun Redi Go
Maruti Suzuki Wagon R
The Bajaj Qute is a car available for ₹2.63 Lakhs.
Cars like Renault KWID and Maruti Wagon R can be available for under ₹5 Lakhs.
One of the best new cars at a low price is the new Maruti Alto.
Maruti Eeco is a budget minivan that is best for a large-sized family.