If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
The prices below are an estimate according to the segment of cars. For detailed prices, please refer to the page of your selected car.
| Car Ranges in India | Car Segment | Estimated Price | Examples |
|---|---|---|---|
| A | Hatchbacks | Rs.2.5 lakh - Rs.5 lakh | Maruti Alto 800, Renault Kwid, Tata Tiago, Datsun Redi-Go |
| B | Subcompact (Hatchbacks and sedans) | Rs.6 lakh to Rs.10 lakh | Maruti Swift, Hyundai i10, Honda Amaze |
| C | Compact (Sedans) | Rs.8 lakh to Rs.12 lakh | Maruti Dzire, Renault Duster, Honda City, Hyundai Verna |
| D1 | SUVs/MPVs | Rs.15 lakh to Rs.20 lakh | Mahindra XUV 500, Hyundai Elantra, Toyota Corolla |
| D+ | SUVs/Luxury cars | Over Rs.20 lakh | Mitsubishi Pajero, Toyota Fortuner, Honda CR-V |
The car market in India has expanded dramatically in the last two decades. We have seen a number of car manufacturers from all around the world launching their new cars in India. The same can also be said about Indian car manufacturers who have introduced a number of models and variants into the market over the years. The four-wheeler market in India has a good mix of both local manufacturers as well as foreign brands. While budget-friendly hatchbacks are the highest-selling cars in India, the market also has a lot of takers for luxurious and expensive sedans and SUVs.
The prices of various cars are influenced by factors like features available, luxury facilities, safety features, fuel type, entertainment features, etc. For instance, a car that has a high-end sound system, automatic transmission, and air conditioning will be priced much higher than a car that doesn’t have these features. Let’s take a look the price range of various car models available in India.
Price Range of hatchbacks in India
The Indian car market is dominated by affordable hatchbacks that do not burn a hole in your pocket. Most of the top manufacturers in the market have their own hatchback models to increase their market share. Fuel efficiency is another important thing that Indians look for in their cars. Most hatchback models are also renowned for their fuel efficiency. When a car offers both, it is likely to dominate the Indian market like no other.
For instance, Maruti Suzuki Alto 800 is a budget-friendly car that comes with a starting price of just Rs.2.67 lakh (ex-showroom). This model dominates the Indian market as the highest selling car. When it comes to fuel efficiency, the petrol version of the car offers mileage up to 24.7 Kmpl. The CNG version, on the other hand, offers up to 33.44 Km/Kg.
Most of the entry-level hatchbacks in the country are priced less than Rs.5 lakh. This makes it more appealing to the middle-income population of the country. Manufacturers are now coming up with models that have enough entertainment facilities and safety features in order to appeal to this segment.
India seems to have an unlimited supply of mid-size cars, vans, MUVs, MPVs, sedans, executive cars, and premium cars. The prices of these cars usually range from Rs.6 lakh to Rs.35 lakh. This wide price range implies that these models are manufactured by both ordinary manufacturers as well as luxury car makers. Maruti Dzire is one of the most popular sedans in India. The vehicle is priced around Rs.6 lakh and appeals to people who are looking for a sedan in the affordable range.
On the other hand, popular sedans like Skoda Octavia and Hyundai Elantra are priced over Rs.10 lakh. Luxury car makers like Mercedes and Audi have offerings in this section that start with a price of over Rs.30 lakh. With a wide range of offerings, this particular section appeals to families in India.
India is also a large market for luxury cars. Various top brands like Jaguar, Porsche, Audi, Mercedes, etc., have products tailor-made for the Indian market. These cars fall under the categories of luxury cars, super luxury cars, SUVs, convertibles, sports cars, and super cars. Most of these cars cost nothing less than Rs.50 lakh and may even go up to a few crores.
The Jaguar XJ, Porsche Cayenne, Porsche Cayman, and the Audi RS5 are some of the cars that cost little over a crore. The most expensive cars available in the country range between Rs. 8.5 crore and Rs. 13 crore. These cars include the Conquest Evade, Bugatti Veyron and the Koenigsegg Agera. With so many choices in the automobile market, it’s no wonder that the price range varies so much. Looking at the different segments of cars, we can estimate a price range for the cars.
GST of 18% is applicable on all banking products and services from the 1st of July, 2017.
The cost of assembling cars has reduced by almost 12% for Jaguar Land Rover. Manufacturers are working towards passing the GST benefits to their customers as a result. Following BMW and Mercedes-Benz, Jaguar Land Rover is the next to step up and make an announcement to reduce prices for the cars that are manufactured locally. The decline in prices is applicable on the XJ, XF and XE in the Jaguar portfolio as well as the Range Rover Evoque and Discovery Sport from Land Rover’s stable. The decline in prices is expected to differ from state to state and will be based on the model. GST is expected to come into effect from the 1st of July this year, but the decline in prices has been passed on to the customers already.
13 June 2017
Chinese automaker Geely Auto has acquired stakes worth 51% in Lotus Cars and Lotus Engineering. The company also owns Volvo Car Corporation and The London Taxi Company. The purchase of stakes in Lotus Group was a part of the dealings in which Geely Auto bought 49.9% equity in Proton Holdings, a Malaysia-based automobile design and manufacturing company. With the fresh funds received from Geely, the long awaited SUV and third-generation sports car of Lotus can be launched soon. Lotus can also use the Drive-E range of engines of Volvo instead of Toyota powertrains.
8 June 2017
M760Li xDrive is considered to be the most powerful production of BMW and it will be the flagship product for its Indian portfolio.The 17 feet long sedan is powered by a 6.6 litre V12 engine. It’s ex-showroom price is Rs.2.27 crores in Delhi showrooms. At present, this is the most expensive BMW car available in the country. It is available in two models, M760Li xDrive and M760Li XDrive V12 Excellence. As the flagship vehicle of BMW, it is provided with all the luxuries a buyer can imagine. It combines the performance features of BMW M series and the luxury of 7 series.
29 May 2017
One of the worst things that can happen to a automobile manufacturer is unavailability of fossil fuel. Car are manufactured after deciding on the fuel type. Scarcity of fossil fuel has pushed many carmakers to switch to alternative ways to run their cars. Apart from petrol, diesel, and LPG, electricity is the next best option in the hands of many automobile manufacturers. Nissan also has an electric car called LEAF which is the best-selling car in its segment. However, during the Rio Olympics held in August, 2016, Nissan inaugurated their brand new SOFC-powered car, Renova Bio 2030. Explaining the technology, Nissan stated that SOFC technology uses bioethanol electric power to charge the vehicle. E-bio fuel cells which are 100% fuelled with ethanol is used to charge 24kwh battery. This battery is sufficient to drive the car up to 600 kms. Nissan proudly states that this technology will have zero emissions and will be completely eco-friendly.
10 January 2017
The Mini Clubman has been launched in India for Rs.37.90 lakhs. In the early days, the Mini Clubman was a family car with only 2 doors, later it got 2 more doors, and became the largest Mini to be ever made. Originally, the Mini was a two-door car that could seat 4, while the Clubman nameplate represents a four-door Mini. In 1969, Roy Hanes had restyled the Mini which was then called the Mini Clubman.
When BMW took over the Mini brand, it didn’t have the rights to use the names, ‘Countryman’ and ‘Traveller’ (names used for two-door cars). However, BMW had bought the name, 'Clubman', and used it to refer to the Mini's estate version. The 1st generation Mini Clubman didn’t have 4 doors, but the car was bigger than the regular Mini. It had bi-parting cargo area doors and the 'Clubdoor'. The 2nd generation Mini Clubman has 4 doors without the Clubdoor, but has the bi-parting cargo area doors. It is the largest Mini to be made by BMW till date.
3 January 2017
Japanese car manufacturer Mitsubishi has reintroduced the Montero at a price of Rs.67.88 lakh in India, which is the ex-showroom price in Mumbai. As it will be imported via the Completely Built Unit (CBU) route, the import tax will be heavy. There will be minor cosmetic changes in the new Montero which will start its deliveries in the first week of December 2016. Externally, the new Montero receives new daytime running lights, projector headlamps, and chrome treatment on its radiator grille. Although, the refurbished model is very similar to its predecessor, the rear-wheel arches are going to stand out. It will be powered by a 3.2-litre diesel motor coupled to a five-speed auto box and a smart all-wheel drive system. The price of the new Mitsubishi Montero is in the league of the Volvo XC90, the BMW X5, and the Audi Q7. Car enthusiasts can make an online comparison of car loans on third-party websites like BankBazaar to make a sensible decision.
23 December 2016
Mercedes benz has released the 2017 edition of its E class, Mercedes-AMG E63 at Detroit Auto Show held this year. The car will be officially launched in the Los Angeles Motor show to be held in December. Its prominent features are broader wheel arches, improved radiator grille and a remarkable V8 BITURBO 4MATIC+ badging on the car’s front fender. It also features 10 spoke, 19 inch alloy wheels for the E 63 model and twin 5-spoke, 20 inch alloy wheels for the E 63 S model. The model houses two twin exhaust units on either side of the diffuser.
19 December 2016
In Spite of selling some good numbers, Tata Motors has still not been able to make a prominent mark in the passenger vehicle sector. But, now they have set a new target for themselves. They are aiming to become the third-largest passenger vehicle manufacturer by 2020. In an effort to achieve this goal, the company is planning to line up a lot of products in the market. They will be focussing more on the compact SUV, executive sedan segments. They are hoping that these actions will help them push their position from fifth to third. According to Mayank Pareek (President, Passenger Vehicles Business Unit, Tata Motors), they want to capture 100 percent of the market. They have already made plans for the next five years.
2 December 2016
Toyota Kirloskar Motor has decided to join hands with Uber for a business plan. Together, they will be working towards providing end-to-end vehicle buying solutions for drivers operating on Uber. Around 90% on-road funding will be provided for the Etios and Liva models. However, this is only applicable for the first time drivers. The scheme will continue to be applied till December 31, 2016. According to N.Raja(Director, Sales and Marketing at Toyota Kirloskar Motor), this step will contribute a lot in meeting the mobility needs of an average Indian in a more efficient way.
Ola also had previously partnered with Mahindra & Mahindra and launched the ‘Mahindra-Ola Package’. As per the package, special rates and maintenance packages were offered to the driver partners.
23 November 2016
The Honda WR-V will make its debut at the upcoming Sao Paulo International Motor Show 2016 but design sketches of the crossover hatchback have already been revealed. The Honda WR-V is based on the Jazz and stands for “Winsome Runabout Vehicle”. The sketches show the car sporting an aggressive front bumper with faux skid plate, a single split grille and redesigned headlamps. The sketches also revealed that the car will have special alloy wheels, roof rails and a raised ride height. The back of the car has redesigned tail lamps and a redesigned bumper with skid plates. The car will be powered with a 1.2 litre i-VTEC engine and a 1.5 litre i-DTEC diesel engine. There will be options of a 5-speed and 6-speed manual transmission or a CVT automatic transmission. The interiors are expected to match the Jazz although it will get a few changes. Honda had released its first crossover hatchback, the Honda Fit Twist, in 2012 in the South American market. The WR-V is being developed at its facility in Brazil to meet the demand for the crossover in South America. The Honda WR-,V is expected to hit the Indian market next year and will compete against the Fiat Avventura, Toyota Etios Cross, Volkswagen Cross Polo and the Hyundai i20 Active.
21 November 2016
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