Best cars under Rs. 10 lakh in India and how to finance them

From reliable hatchbacks to sturdy SUVs, know all about the available options under Rs. 10 lakh.
Best cars under Rs. 10 lakh in India
3 min
13-March-2024

In the Indian automotive landscape, the category of cars under Rs. 10 lakh caters to a broad spectrum of consumers, from first-time buyers to budget-conscious families. Whether you are a first-time car buyer or looking to upgrade to a more economical option, this price range offers a delightful balance between affordability and features.

And if you need financial assistance to bring home the car of your choice, you can consider opting for car loans. With our new car loan, you can get up to 100% financing of the car's road price. However, the final loan amount is decided basis your eligibility.

From city-friendly hatchbacks to adventure-ready SUVs, this segment offers a plethora of options. Buckle up as we explore some of the best cars under Rs. 10 lakh in India, aiding you in your quest for the perfect ride.

Here is the list of some of the options available within Rs. 10 lakh

Model Name

*Ex showroom price (starting at)

Tata Punch

Rs. 6.13 lakh

Maruti Suzuki Swift

Rs. 5.99 lakh

Tata Tigor

Rs. 6.30 lakh

Toyota Glanza

Rs. 6.86 lakh

Maruti Suzuki Ertiga

Rs. 8.69 lakh


*Ex-showroom price in Delhi. Prices will vary depending on the city of purchase.

Tata Punch: The Tata Punch, a dynamic, and affordable compact SUV, offers a range of options catering to diverse preferences and needs. Their base model Pure is priced at Rs. 6.13 lakh, while their most expensive variant Tata Punch Creative AMT IRA DT is priced at Rs. 10.20 lakh. Tata Punch is available in both petrol and CNG variants, with both manual and automatic transmissions. In terms of efficiency, the petrol variants of Tata Punch boast impressive mileage that ranges between 18.8 kmpl to 20.09 kmpl. This comprehensive lineup makes the Tata Punch a compelling choice for those seeking an economical and versatile compact SUV.

Maruti Suzuki Swift: A long-time favourite for its reliability and cost-efficiency, the Maruti Suzuki Swift remains a go-to-choice. With prices kicking off at Rs. 5.99 lakh for its base model Maruti Suzuki Swift LXi, its most expensive variant Maruti Suzuki Swift ZXi Plus is priced at Rs. 9.03 lakh. It is available in both petrol and CNG variants, providing consumers with options to align with their fuel preferences. In terms of fuel efficiency, the Maruti Suzuki Swift does not disappoint as it offers an impressive mileage that ranges between 22.38 kmpl to 22.56 kmpl. The Maruti Suzuki Swift is available in several variants, catering to a broad spectrum of preferences and requirements.

Tata Tigor: Known for its sleek design and spacious interiors, the Tata Tigor offers a variety of options that cater to different budgets and preferences. Their base model XE is priced at Rs. 6.30 lakh while their most expensive variant Tata Tigor XZA Plus AMT CNG is priced at 9.55 lakh. It provides an impressive mileage that ranges between 19.2 kmpl and 19.6 kmpl. With its attractive pricing, spacious cabin, and fuel-efficient engine options, the Tata Tigor continues to be a popular choice in the compact sedan segment.

Toyota Glanza: The Toyota Glanza, a renowned hatchback in the Indian market, offers a range of variants to suit different preferences and budgets. Starting with the affordable option, the Toyota Glanza E, priced at Rs. 6.86 lakh provides an economical choice for those seeking a reliable hatchback. On the higher end, the Toyota Glanza V AMT stands out as the most expensive variant, with a price tag of Rs. 10 lakh.

Additional read: Best cars under Rs. 11 lakh

Toyota Glanza is its versatility, offering both petrol and CNG variants to cater to different fuel preferences. It boasts an impressive mileage of 22.94 kmpl. With its competitive pricing, fuel efficiency, and diverse range of options, the Toyota Glanza continues to be a popular choice among hatchback enthusiasts in India.

Maruti Suzuki Ertiga: The Maruti Suzuki Ertiga, a versatile and spacious MPV, offers a wide range of options to suit various needs and budgets. Starting with the base model, the Maruti Suzuki Ertiga LXi is priced at Rs. 8.69 lakh. However, the most expensive variant Maruti Suzuki Ertiga ZXi Plus AT is priced at Rs. 13.03 lakh. It boasts ranges between 22.38 kmpl to 22.56 kmpl. Its versatility makes it ideal for a variety of uses, from city commutes to long road trips.

You can check out the latest models of these cars and more by visiting Bajaj Mall and benefit from our easy financing solutions.

We provide attractive offers at competitive car loan interest rates with Bajaj Finserv New Car Loan. You can get a high-value loan with convenient repayment plans. Know more about our new car loans and bring home your desired vehicle today.

Note: Mileage figures are as per ARAI certification and may vary based on driving conditions and other factors.

The prices mentioned are ex-showroom price in Delhi. Prices will vary depending on the city of purchase.

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Frequently asked questions

Which car under Rs. 10 lakh offers good average?

Maruti Suzuki Swift, Maruti Suzuki Ertiga, and Toyota Glanza provide impressive mileage.

Model name

Mileage

Maruti Suzuki Swift

22.38 kmpl to 22.56 kmpl

Maruti Suzuki Ertiga

22.38 kmpl to 22.56 kmpl

 

Toyota Glanza

22.3 kmpl to 22.94 kmpl


You can check out these and a variety of other cars on Bajaj Mall.

Note: Mileage figures are as per ARAI certification and may vary based on driving conditions and other factors.

Which car is best for low budget?

Both the Tata Punch and Maruti Suzuki Swift are indeed considered budget-friendly cars in the Indian market.

  • Tata Punch: Rs. 6.13 lakh
  • Maruti Suzuki Swift: Rs. 5.99 lakh

These affordable prices make them an attractive option for those who are looking for reliable transportation solutions.

Note: The prices mentioned are ex-showroom price in Delhi. Prices will vary depending on the city of purchase.

What factors affect new car loan eligibility?

Your eligibility for a new car loan depends on several factors. These factors include your credit score, income, employment history, debt-to-income ratio, and more.

Which is the most expensive car under Rs. 10 lakh?

The Maruti Suzuki Ertiga is one of the most expensive cars under Rs. 10 lakh.

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