The Indian car market boasts a vast selection for every budget. Whether you are eyeing a sleek SUV or a compact hatchback, there is something for everyone within the budget of Rs. 20 lakh. In this guide we will explore the top 5 options under Rs. 20 lakh, their mileage and more.
But before you decide which car you want to purchase, it is essential to plan your budget. This is where new car loans can help you. With new car loans, you can spread the cost of your car into small manageable monthly instalments. Bajaj Finance offers a car loan that come with simple eligibility criteria and minimal paperwork. With Bajaj Finserv New Car Finance, you can get funds of up to 100% of the car’s on-road price and bring home the car of your choice with ease. Check the simple criteria for our car loan eligibility.
Read on to know about the top 5 cars under Rs. 20 lakh and how you can use Bajaj Finserv New Car Finance to fund your car purchase.
Here is the list of the top 5 cars under Rs. 20 lakh in India
| Model name | *Ex-showroom price (Starting at) |
| Tata Harrier | Rs. 15.49 lakh |
| Mahindra XUV700 | Rs. 13.99 lakh |
| MG Hector | Rs. 13.99 lakh |
| Hyundai Alcazar | Rs. 17.78 lakh |
| Tata Nexon EV | Rs. 14.74 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 cars so that you can make an informed choice.
Tata Harrier: Its base model – the Tata Harrier Smart is priced at Rs. 15.49 lakh. Available with both transmissions – manual and automatic, the Tata Harrier delivers a mileage of 16.8 kmpl.
Mahindra XUV700: The base model of the Mahindra XUV700 is priced at just Rs. 13.99 lakh. This SUV is available in both versions – petrol and diesel, and it delivers an impressive mileage that ranges between 13 kmpl and 17 kmpl.
MG Hector: Priced at Rs. 13.99 lakh for the base model, MG Hector offers a comfortable ride for your family. Its most expensive variant is the Hector Savvy Pro CVT that comes with a price tag of Rs. 21.95 lakh. Available in both versions – petrol and diesel, this SUV delivers a mileage that ranges between 12.34 kmpl and 15.58 kmpl.
Hyundai Alcazar: The entry-level variant of the Hyundai Alcazar starts at Rs. 17.78 lakh, presenting a great choice for city commutes or weekend gateways. It comes in various iterations, catering to both diesel and petrol preferences. Boasting an impressive mileage of 18.8 kmpl for petrol and 23.8 kmpl to 24.5 kmpl for diesel, the Hyundai Alcazar provides an economical ride for your entire family.
Tata Nexon EV:If you are looking for an eco-friendly choice, the Tata Nexon EV is a perfect choice for you. Its base model Tata Nexon EV Creative Plus is priced at Rs. 14.74 lakh, while the most expensive one Nexon EV Empowered Plus LR is priced at Rs. 19.99 lakh. Its range is between 325 - 465 km per full charge, depending on the variant.
Why to choose Bajaj Mall for your car purchase
You can check out these options, their specifications and more easily on Bajaj Mall.. On Bajaj Mall, you can use the search filters that can help you find the car of your choice easily. Once you find your preferred car using these search filters, you can use our financing solution to book your car on EMIs. With features such as long repayment tenures and car loan interest rates, our new car loans make borrowing hassle-free for you.
Buying a new car under Rs. 20 lakh is easy with a host of options available in the market. And with the option of new car loans, you can easily bring home your dream car 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.
