The Indian car market is booming, with a wide range of options to choose from. SUVs, or Sports Utility Vehicles, are especially popular due to their spacious interiors, higher ground clearance, and stylish looks. But with so many choices, finding the best SUV under Rs. 8 lakh can feel overwhelming.
Though buying an SUV under Rs. 8 lakh is an affordable choice. However, it still requires a huge sum of money in one go. This is where car loans can help you fund your purchase by spreading the cost of your SUV into small monthly instalments.
Bajaj Finance offers new car loans that come with simple eligibility criteria and minimal documents. With our new car loans, you can get financing of up to 100% of the car’s on-road price and bring home your desired vehicle easily. In this guide, we will walk you through the top picks in the budget range and how new car loans will help you in financing your car purchase.
Here is the list of best SUVs under Rs. 8 lakh in India
Model name |
*Ex-showroom price (Starting at) |
Hyundai Exter |
Rs. 6.13 lakh |
Tata Punch |
Rs. 6.13 lakh |
Hyundai Venue |
Rs. 7.94 lakh |
Nissan Magnite | Rs. 5.99 lakh |
Tata Nexon | Rs. 7.99 lakh |
Kia Sonet | Rs. 7.99 lakh |
*The prices mentioned are ex-showroom prices in Delhi. Prices will vary depending on the city of purchase.
Let us delve into more details about these SUVs to help you choose the car that suits you the best.
Hyundai Exter: Hyundai Exter offers a fantastic base model, the Exter EX, priced at Rs. 6.13 lakh. However, the most expensive variant, Hyundai Exter SX Opt Connect DT AMT comes with a price tag of Rs. 10.28 lakh. With a mileage of 19.4 kmpl for the petrol variant and a whopping 27.1 km/kg for the CNG variant, it is fuel-efficient and budget-friendly. The Exter is a great choice for both city driving and highway cruising.
Tata Punch: Priced starting at an affordable Rs. 6.13 lakh for the base model Pure, the Tata Punch is a compact SUV that offers space and fuel efficiency. It is a great choice for city driving and manoeuvring tight spaces. Available in both petrol and CNG variants, the Punch delivers an impressive mileage of up to 20.09 kmpl, making it easy on your wallet.
Hyundai Venue: The base model Hyundai Venue is priced at Rs. 7.94 lakh, providing excellent value for money. If you want to splurge a bit, go for their expensive variant – Hyundai Venue SX Opt Knight Turbo DCT DT, which comes with a price tag of Rs. 13.48 lakh. It boasts impressive mileage figures of 20.36 kmpl for the petrol version and 24.2 kmpl for the diesel version, perfect for long drives.
Nissan Magnite: The Nissan Magnite offers an attractive base model, the Magnite XE, priced at Rs. 5.99 lakh. Known for its bold design, the Magnite is equipped with features like a 8-inch touchscreen infotainment system, 360-degree camera, dual airbags, and advanced connectivity options. With its stylish looks, modern features, and fuel efficiency, the Nissan Magnite is an excellent choice for urban commuting and weekend getaways.
Tata Nexon: The Tata Nexon has become one of India’s most loved compact SUVs, starting with a base model price of Rs. 6.13 lakh. Known for its bold design and safety features, the Nexon comes equipped with a touchscreen infotainment system, dual airbags, ABS with EBD, and rear parking sensors. The petrol variant offers a mileage of 17.44 kmpl, while the diesel variant delivers an impressive 24.08 kmpl. Combining safety, performance, and affordability, the Tata Nexon is a well-rounded choice for both city and highway driving.
Kia Sonet: The Kia Sonet offers a compelling starting price of Rs. 7.99 lakh for its base variant, the Kia Sonet HTE. It is stylish, modern, and packed with premium features like a 10.25-inch touchscreen infotainment system, premium speakers, dual airbags, ABS with EBD, and wireless smartphone connectivity. The petrol variant offers a mileage of up to 18.4 kmpl, while the diesel delivers up to 24.1 kmpl. With its spacious cabin, refined features, and modern tech, the Kia Sonet is ideal for both daily commutes and long road trips.
Why choose Bajaj Mall for your car purchase
You can check out these SUVs, their specifications and more by visiting Bajaj Mall. Bajaj Mall makes it convenient for you to purchase an SUV online with search filters. You can narrow down your search according to parameters such as price, brand, body type and more. You can book an SUV of your choice using our financing solution and purchase your desired vehicle on EMIs.
Our new car loans provide you with quick access to funds at competitive car loan interest rates. With flexible repayment terms, you can divide the cost of your SUV into manageable monthly instalments, making it easier to bring home your dream car.
Purchasing an SUV under Rs. 8 lakh in India is not just a practical choice but also a smart financial move. With a host of options available, you can choose an SUV that suits your requirements and benefit from new car loans to make your dream SUV a reality without breaking the bank.
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.