Top 3 Electric Cars in India Under ₹5 Lakhs

Electric vehicles are gaining popularity in the Indian market and are the best alternatives to vehicles that run on conventional fuels. Along with the sustainability it provides, electric vehicles will help tackle rising fuel prices. 

The manufacturers have increased the production of electric cars and are launching new models thereby increasing the options for buyers. If you are interested in joining the squad of electric car owners, here are the 3 best electric cars under ₹5 Lakh for you to choose from.

Electric cars present themselves as a cleaner alternative to traditional four-wheelers running on fossil fuels. They are a step forward towards sustainable transportation. The increasing fuel prices and effects of global warming are gradually pushing car buyers towards EVs. Today, you can buy EV cars in India under ₹5 Lakhs. While you are considering the cost of your new EV, you must also take into account the cost of car insurance for your electric vehicle. Car insurance is necessary as it not only provides the right financial protection to your vehicle, but is also mandatory to have one to be able to drive your car on Indian roads.

In this article, we will discuss the electric cars available in India under ₹5 Lakhs and their insurance costs. Let’s get started.

Here is a list of some of the electric cars in India under ₹5 Lakhs:

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

 

1. Strom Motors R3

Strom Motors R3 is a powerful 2-seater car joining the list of electric cars in India. It is available only in one variant and comes with 2 doors. The futuristic design of the car is quite appealing to the buyer. The automaker offers the Strom-R3 in 4 colours with an all-electric touchscreen interface. Let’s look at some of the key specifications of this EV:

2. Mahindra Reva i

The Mahindra Reva i has now been discontinued. However, you may still find the car in the second-hand market. Here are the key specifications of this car:

3. Tata Nano Electric (Jayem Neo)

In November 2017, Tata Motors and Jayem Automotives had announced a partnership to manufacture an EV version of the Tata Nano as Jayem Neo. The car may be launched soon as an electric test mule of the EV was recently spotted in Akurdi, Pune. Here are some of the expected specifications and features of Jayem Neo:

With the latest and the most sophisticated electric vehicles being launched every year, you are presented with a diverse range of EVs to choose from. Now that you know about the electric cars under ₹5 Lakh in India, when you pick your favourite EV, make it a point to purchase an EV insurance policy that gives you the best cover against all dangers. Every time your electric car hits the tarmac, you know you have made a wise choice.