In today’s fast-paced world, owning a car is not just a luxury but a necessity for many. However, finding the right car that fits your budget can be a daunting task, especially when you are looking for cars under Rs. 5 lakh. However, India's car market offers a diverse range of options catering to every budget and need.
Though buying a car within Rs. 5 lakh is affordable, but you might still need some financial assistance. This is where our new car loans can help you by providing quick funds in a hassle-free process. With our car loan, you can get financing of up to 100% of the car’s road price. However, the final loan amount depends on your eligibility.
In this guide, we will explore the best cars available in India for under Rs. 5 lakh that combine affordability with performance, style, and reliability. Let us delve into some of the best picks that will not break the bank.
Model name |
*Ex-showroom price (starting at) |
Maruti Suzuki Alto |
Rs. 3.54 lakh |
Renault Kwid |
Rs. 4.70 lakh |
Maruti Suzuki S-PRESSO |
Rs. 4.26 lakh |
Maruti Suzuki Celerio |
Rs. 4.99 lakh |
Tata Tiago |
Rs. 5 lakh |
Maruti Suzuki Alto K10 |
Rs. 3.99 lakh |
*Ex-showroom price in Delhi. Prices will vary depending on the city of purchase.
1. Maruti Suzuki Alto
The Maruti Suzuki Alto stands tall as one of India's favourite budget-friendly cars. Its base model STD (O) is priced at Rs. 3.54 lakh while the most expensive variant Maruti Suzuki Alto LXi (O) CNG is priced at Rs. 5.13 lakh. It is available in multiple variants to suit different preferences and budgets and offers an impressive mileage of 22.05 kmpl. Its compact design, fuel efficiency, and affordable price make it a top choice for many. Whether you are a new driver or looking for a reliable city commute, the Maruti Suzuki Alto has you covered.
2. Renault Kwid
The Renault KWID has made a mark in the Indian car market with its stylish looks and practical features. With ample space, modern interiors, and impressive fuel efficiency, the Renault KWID is a great value-for-money proposition. Its base model RXE 1.0 is priced at Rs. 4.70 lakh while the most expensive variant Renault KWID CLIMBER 1.0 AMT DT is priced at Rs. 6.45 lakh. It offers an impressive mileage between 21.46 kmpl and 22.3 kmpl.
3. Maruti Suzuki S-PRESSO
The newest entrant in the budget-friendly segment, the Maruti Suzuki S-PRESSO, packs a punch with its bold design and compact dimensions. The cheapest variant is the Maruti Suzuki S-PRESSO STD with a price tag of Rs. 4.26 lakh. However, the most expensive variant is the Maruti Suzuki S-PRESSO VXi CNG which commands a price of Rs. 6.12 lakh. It offers an impressive mileage that ranges between 24.12 kmpl and 25.30 kmpl.
4. Maruti Suzuki Celerio
The Maruti Suzuki Celerio is a compact hatchback known for its excellent fuel efficiency and smart design. Priced from Rs. 4.99 lakh for the base variant, it delivers an impressive mileage of 26.68 kmpl. The Celerio's spacious interiors, smooth handling, and modern features make it a great choice for city commuters. Its economical price and low running costs enhance its appeal for budget-conscious buyers.
5. Tata Tiago
The Tata Tiago is a stylish and feature-packed hatchback that offers a blend of performance and comfort. The price starts at Rs. 5 lakh for the base variant. With a fuel efficiency of 20.09 kmpl, the Tiago delivers an efficient and reliable driving experience. Its solid build, advanced safety features, and sleek design make it a strong contender in the hatchback segment.
6. Maruti Suzuki Alto K10
The Maruti Suzuki Alto K10 is a budget-friendly hatchback ideal for first-time car buyers. The base variant starts at Rs. 3.99 lakh. Offering a mileage of 24.39 kmpl, it ensures fuel efficiency and low maintenance costs. The Alto K10's compact size, peppy performance, and easy handling make it perfect for navigating city traffic while maintaining affordability.
Key highlights of cars under Rs. 5 lakh
Popular |
Maruti Suzuki Alto, Maruti Suzuki Celerio, Tata Tiago |
Most expensive |
Tata Tiago, Maruti Suzuki Celerio, Renault Kwid |
Most affordable |
Maruti Suzuki Alto, Maruti Suzuki Alto K10, Maruti Suzuki S-PRESSO |
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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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