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Overview

Electric cars are getting popular by the day and are here to stay. With the growing threat of climate change, EVs are the ideal solution for our transportation needs while being gentle on the environment. 


With advances in technology, subsidies provided by the government, and an 
ever-widening infrastructure, today EVs are available in various forms, types and price ranges. Some of the best electric cars under ₹7 Lakhs include the Maruti Wagon R Electric, Renault Zoe, Mahindra e20 Plus, and Tata Tiago Electric, among others.

 

Electric cars have been creating a buzz in the world for more than one reason! Not only are they environment serving vehicles but the world’s top-most brands have outdone themselves in the style and specification departments. You can enjoy budget-friendly electric cars and not compromise on the look and features, while doing good for the environment.

 

While electric cars under 7 Lakhs is the latest hot topic in town, most of the models are yet to launch or in the design and testing phase. Let’s take a quick look at some of the most-awaited models which are soon to be launched in the Indian market:

4 Electric Cars that cost less than 7 Lakhs

1. Maruti WagonR Electric

One of the first Indian manufacturers of affordable electric cars, Maruti is all ready to launch the WagonR Electric car sometime this year itself. It is definitely a car that has been the talk of the town for a while and Maruti has been known for keeping its vehicles budget-friendly.

  • Battery capacity of 50 kWh

  • Seats 5

  • Can cover a distance of up to 200 km on a single charge

2. GMW ORA R1

The GMW ORA R1 is a new generation electric car that is designed with the best quality standards in mind. It is a people-oriented design that is much-awaited in the market because of the exhaustive specifications it promises. This could be one of the top contenders of electric cars under 7 Lakhs in India, and a highly anticipated one at that.

  • Can cover distance of up to 300 km in a single charge

  • Seats 5

  • Battery capacity of 28.5 kWh

  • Power output up to 48ps

3. Renault Zoe

Another brand that has made quite a buzz in the market is none other than Renault, which is launching the Renault Zoe, a budget-friendly electric car in India. This electric car is soon to hit the market, sometime this year, and will give a fierce competition to the competitors’ electric car variants.

  • Can cover distance of up to 400 km in a single charge

  • Seats 5

  • Battery capacity of 52 kWh

  • Power output up to 109ps

4. Renault K-ZE

Another electric variant from Renault is the K-ZE, which has already been launched in the Chinese market and received a rave review. Its launch in the Indian market is highly anticipated as electric cars under 7 Lakhs is a hot topic in India and this upcoming variant could very well make the cut.

  • Can cover distance of up to 350km in a single charge

  • Seats 5

  • Battery capacity of 26.8 kWh

  • Power output up to 44ps

Why do you need Electric vehicle Insurance?

Electric vehicle insurance could be a tad on the higher side as compared to the regular car variants as the repair and maintenance costs for these vehicles is high. To top it off, these are still exclusively designed and in limited editions or manufactured in lesser numbers, making servicing and damage cost a heavy burden.

This is where the electric vehicle insurance comes in handy, to help with your car and also cover third-party damage under a comprehensive cover.

How to Buy Electric vehicle Insurance at Bajaj Markets?

If you are looking to compare electric vehicle insurance from top insurers, then Bajaj Markets is the right place for you. Here, you can not only compare the features and benefits offered by insurance providers but also compare quotations and opt for an electric vehicle insurance cover that is comprehensive and budget-friendly.

Wrapping it up!

Electric cars may be more expensive than their diesel or petrol counterparts but they more than make up for it with their environment-friendly design and generation Z interface, making it the vehicle of the future.

Remember to always check eligibility for perks like the No Claim bonus in car insurance, which is offered by the insurer when the insured has not made any claim for their vehicle in the current year. This bonus can help reduce your policy cost when you are renewing it for the upcoming year.

FAQs on Electric Cars

Can you buy insurance for an electric car?

Yes you can follow the same process that is in place for the standard petrol and diesel variants. However, once you select a car of your choice you can head to Bajaj Markets, and find the right insurance plan for it.

Is there insurance for electric vehicles?

Yes, you will be able to opt for separate insurance covers that are customized for electric vehicles. 

Why do electric car insurance covers cost more?

Because this is a newer concept that has recently been introduced in the market. Repairing, servicing and maintenance could be higher at times. It could also be challenging to find parts for electric vehicles, and hence, the insurance policies for electric cars could be on the higher end. 

 

What are the various add-ons to the insurance policy?

You can add a depreciation option, engine protection cover, to name a few, to your existing insurance plan, as per the need of your electric vehicle.

Is the claim process time-consuming and lengthy?

No, the claim process is entirely hassle-free and can be done digitally.

 

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