Cars under Rs. 12 lakh

Read our handy guide to explore the best cars under Rs. 12 lakh options and discover how a new car loan from Bajaj Finance can make financing your car purchase simple and convenient.
Best cars under Rs. 12 lakh in India
3 min
27 May-2024

The car market in India is diverse, offering a wide array of choices for buyers with varying needs and budgets. If you are considering to buy a new car under Rs. 12 lakh, there are many excellent options known for their features, reliability, and performance.

While the financial aspect of buying a car can be overwhelming, new car loans make it easier to manage the cost. In this article, we will explore some of the best cars under Rs. 12 lakh and how you can finance them with a new car loan offered by Bajaj Finance.

Here is the list of best cars under Rs. 12 lakh in India

Model name *Ex-showroom price (Starting at)
Maruti Suzuki Baleno Rs. 6.66 lakh
Hyundai i20 Rs. 7.04 lakh
Tata Nexon Rs. 8 lakh
Kia Sonet Rs. 7.99 lakh
Maruti Suzuki Grand Vitara Rs. 10.99 lakh
Hyundai Creta Rs. 11 lakh


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

Read on to learn more about these vehicles so that you can make an informed decision.

  • Maruti Suzuki Baleno: The Maruti Suzuki Baleno is a premium hatchback that offers a great mix of style, performance, and features. Priced at Rs. 6.66 lakh for the base model – Baleno Sigma and goes up to Rs. 9.88 lakh for its top-tier variant. Its petrol variants deliver a mileage of up to 22.94 kmpl, while CNG variants give a mileage of 30.61 km/kg.
    It also comes with features like LED projector headlamps, a 7-inch touchscreen infotainment system, and dual airbags. The Baleno is available in multiple variants, ensuring there is a model to suit different needs and preferences.
  • Hyundai i20: The Hyundai i20 is a well-rounded hatchback that combines style, comfort, and advanced features. Priced competitively at Rs. 7.04 lakh for its base model, it goes up to Rs. 11.21 lakh for its top-tier model – Hyundai i20 IVT Asta (O) DT. The i20 offers a mileage of up to 20 kmpl. It comes equipped with features such as a 10.25-inch touchscreen infotainment system, wireless charging, and multiple airbags. The i20 is available in various variants, each offering a unique set of features to cater to diverse customer requirements.
  • Tata Nexon: The Tata Nexon is a compact SUV that stands out for its bold design, safety features, and performance. Starting at Rs. 8 lakh for its base variant, the Nexon is available in multiple variants, providing options for different budget ranges and preferences. Its petrol variants deliver a mileage of up to 17.44 kmpl, while diesel variants give a mileage of up to 24.08 kmpl. It comes with features like a 7-inch touchscreen infotainment system, dual airbags, and ABS with EBD. The Nexon is available in multiple variants, providing options for different budget ranges and preferences.
  • Kia Sonet: The Kia Sonet is a compact SUV that has quickly gained popularity in India. It is priced at Rs. 7.99 lakh for the base model – Sonet HTE, this car is available in several variants, catering to different customer preferences and needs. This car comes packed with features such as a 10.25-inch touchscreen infotainment system, connected car technology, and advanced safety features.
  • Maruti Suzuki Grand Vitara: The Maruti Suzuki Grand Vitara is a stylish and versatile compact SUV that has become a popular choice among Indian car buyers. Priced at Rs. 10.99 lakh for the base model – Grand Vitara Sigma, it is available in multiple variants to suit various customer preferences and requirements. The SUV comes equipped with features such as a 9-inch touchscreen infotainment system, connected car technology, and advanced safety features, ensuring both convenience and peace of mind on every drive.
  • Hyundai Creta: The Hyundai Creta is a well-rounded and stylish compact SUV that continues to be a favorite choice among Indian car buyers. Priced at Rs. 11 lakh for the base model – Creta E, it is available in multiple variants to cater to diverse preferences and driving needs. The SUV comes loaded with features such as a 10.25-inch touchscreen infotainment system, connected car technology, premium interior finishes, and advanced safety features, ensuring a comfortable, connected, and secure driving experience.

Why choose Bajaj Mall for your car purchase

You can explore a wide range of these cars and more by visiting Bajaj Mall. On Bajaj Mall, we have designed user-friendly search filters to simplify your car search process. With the help of these search filters, you can easily narrow down your options by selecting criteria like brand, price, fuel type, and more. Once you have found your ideal car, booking it online is a breeze with our integrated financing solution. Bajaj Finance offers new car loans that come with simple eligibility criteria and minimal paperwork. Our new car loans offer flexible repayment tenure options, allowing you to spread the cost of your purchase according to your financial situation. With an easy application process and competitive car loan interest rates, borrowing is convenient and cost-effective. Our quick approval facility ensures that you can finance the purchase of your desired car without unnecessary delays.

Purchasing a new car under Rs. 12 lakh is straightforward with plenty of options available. Financing your purchase becomes convenient with options like new car loans. These loans provide quick access to funds and allow you to spread the cost of your car over an extended period. By opting for a new car loan, you can manage your finances more easily without depleting your savings.

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

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

Check cars with different budget

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Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

Frequently asked questions about best cars under Rs. 12 lakh

Which is the best car under Rs. 12 lakh?
Some of the best cars under Rs. 12 lakh in India include the Hyundai i20, Tata Nexon, and Kia Sonet. These models are known for their excellent features, strong performance, and high reliability.
Which are the popular cars under Rs. 12 lakh?
Popular cars under Rs. 12 lakh in India include the Maruti Suzuki Baleno, Hyundai i20, and Tata Nexon. These cars are widely favoured for their stylish design, advanced features, and strong brand reputation.
Which is the most fuel-efficient car under Rs. 12 lakh in India?
The Tata Nexon and the Maruti Suzuki Baleno are some of the fuel-efficient cars under Rs. 12 lakh in India and are known for offering excellent mileage.
Which is the low-priced car under Rs. 12 lakh in India?
Some of the lowest-priced cars under Rs. 12 lakh in India include the Renault KWID, Maruti Suzuki Alto, and Maruti Suzuki Wagon R. These cars are budget-friendly and provide basic features suitable for city driving.
Which is the most expensive car under Rs. 12 lakh in India?
The most expensive cars under Rs. 12 lakh in India are typically the top variants of models like the Tata Nexon, and Kia Sonet. These versions come with premium features such as advanced infotainment systems, safety features, and superior comfort.
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