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Budget-Friendly Electric Cars: The Top 10 Picks Under 5 Lakhs in India

Indian market faces high fuel prices for vehicles and also has the highest pollution rates. This is the reason people are now keen on trying out the best electric car in India for under 5 lakhs. Often, though, these vehicles are quite costly.

So, We will inform you about the cheapest electric car in India under 5 lakhs in this blog. Besides these cars can suit your pocket too and have many good factors like having long-lasting batteries, fuel economical and modern looks.

Whether you want a small car to drive around the town or desire to help save the environment there is going to be an electric car that you would like in this list. Well, let us therefore gather and read about these economically and environmentally friendly cars and be better ready for the future!

Benefits of Electric Cars

Future outlook for low-cost EVs in India

Top 10 Electric Cars Under 5 Lakhs

1. STROM MOTORS R3

In the list of automatic electric cars in India under 5 lakhs the first electric car is Strom Motors r3 with a starting price of just ₹4.5 lakh, the Storm Motors R3 is one of the most affordable electric cars in India. This is a hatchback specially made for inner-city use. This car with a seating capacity for two people can run up to 200 kilometres on full charge.

It has some special features:

The Strom Motors R3 is a great example of India’s ability to make electric vehicles. This car is not only affordable but also comes with new technology and a modern design, which is perfect for city roads

2. PMV EaS E

Built by Indian startup company PMV Electric, the PMV Ease E is one of the most affordable electric cars in India. With a starting price of ₹4.79 lakh, this two-door micro-electric car is specially designed for daily use in cities.

Let’s look at its features:

3. Mahindra Reva I

Mahindra Reva E, often known as Reva, is a used electric car in India under 5 lakhs and it has a special place in Indian automobile history. Launched in 2002, this vehicle was India’s first electric car, which paved the way for electric vehicles. Although its production has now been stopped, this two-seater hatchback car with a starting price of ₹ 3.76 lakh can be found in the second-hand market.

 Let us consider its features:

If you want to buy an electric car under Rs 5 lakh, then “Mahindra electric car in India under Rs 5 lakh” can be a good way for your search. But remember, in this way, you will have to take the help of the second-hand market.

4. Tata Nano electric car

The next best electric car in India under 5 lakhs is the Tata Nano Ev, The Tata Nano electric car is expected to be launched at a starting price of around ₹4 lakh. This is going to be one of the most affordable electric cars in India. Although it was originally designed for Ola’s electric fleet, it will soon be made available to the general public as well.

Let’s take a look at its features:

If you are searching for a “Tata electric car in India under 5 lakhs,” the Tata Nano electric car is a promising option that combines affordability, sustainability, and advanced features.

5. Renault Kwid

The upcoming electric car in India under 5 lakhs is Renault Kwid. Renault’s subsidiary Dacia has recently launched the Dacia Spring EV. It is believed that this vehicle can also inspire the new generation of Renault Kwid to come to India. The price of Renault Kwid, a 5-seater hatchback, ranges from Rs. ₹ 4.70 – ₹ 6.45 Lakh. According to some reports, the new generation Renault Kwid could be launched in India around 2025.

Let’s take a look at its features:

6. Jayem Neo EV

Jayam Neo EV. It is an electric version of the once-famous Tata Nano hatchback, which was once considered the cheapest car in the world. During the initial phase of the pandemic, Jayam produced 400 electric cars for an order of Ola Cabs. These cars were used in Hyderabad and Bangalore. The Jayam Neo was expected to be launched in late 2023 or early 2024 with a price tag of around Rs 2.5 lakh (ex-showroom).

Let’s take a look at its features:

7. ORA R1

ORR1 is an electric car launched by Chinese automobile giant Great Wall Motors. This company entered the Indian market during the Auto Expo 2020. Ora R1 arose as a ray of hope in the category of electric cars under Rs 5 lakh. Although showcased at the Auto Expo 2020, the Ora R1 was never launched in India. This is a missed opportunity for Indian customers looking for an electric car under Rs 5 lakh.

Let’s take a look at its features:

8. Yakuza mini electric car

The next upcoming small electric car in India under 5 lakhs is the Yakuza mini electric car. There is a new electric car under 5 lakhs in India named in the market to promote greener mobility in India – Yakuza Karisma! With a starting price of just ₹ 1.75 lakh, it claims to be India’s most affordable electric car.

 Let us know about its features:

The information given in this article is based on the company’s claims. No information about the official launch or test drive of the car has been received yet.

9. Wave Mobility EVA

The small electric car in India under 5 lakhs is Wave Mobility EVA. The Wave Mobility EVA is the new best electric car under 5 lakh that was recently launched as an all-solar-powered electric car in the country. Media reports suggest that it could be priced starting from Rs 5 lakh.

Let us know about its features:

At the moment the official release date or electric car price below 5 lakhs of Wave Mobility EVA has not been made public. This information is derived from the prototype of a car. Please note that the specifications and features of the car may be slightly different from the actual launch of the car.

10. MG Comet EV

MG Comet EV is a new under 5 lakh electric car in India and it has been announced that it is the most affordable electric car in the country. The starting price of the MG Comet EV is near about ₹6. 98  lakh.

Let us know about its features:

Conclusion

The list of top 10 electric cars in India under Rs 5 lakh in India reveals the opportunity for affordable and more environment-friendly vehicles. They are fuel and maintenance-saving cars and are also good for the environment.

Cars such as the Tata Nano EV and Mahindra Reva showcase the efforts that make electric mobility possible. More innovations will come up to deal with the challenge of providing cheap and planet-friendly mobility. Explore our latest information on electric vehicles and sustainable transportation on EV Hexa.

Disclaimer: All price and availability information is subject to change. Please confirm information from official sources or our dealerships. The features and specifications provided are based on data available and may vary. Always do thorough research before deciding to purchase.

FAQs:

  1. Is there any electric car under 5 lakhs in India?

Yes, there are some models like Tata Nano EV, Mahindra Reva I and Storm Motors R3 which have electric car price in India under 5 lakhs.

  1. What are the ranges of these electric vehicles?

The mileage of a full charge varies from 80 km to 200 km depending on the model.

  1. Are these electric cars equipped with automatic transmission?

Most affordable cars such as the Storm Motors R3 come with manual transmissions but some models have auto transmissions.

  1. How can I buy these electric cars?

These cars can be purchased from the official car dealers or the second-hand vehicle markets.

  1. Is there a government subsidy for buying electric cars?

The Indian government offers several incentives and subsidies under initiatives like FAME to encourage the use of EVs.

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