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    Car Prices in India

    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 cars and brands in India. Indian car manufacturers have also blossomed introducing a number of models and variants over the years. Some of the leading manufacturers in the country include Tata, Mahindra & Mahindra, and Maruti Suzuki. From compact and budget-friendly hatchbacks to luxurious and expensive sedans and SUVs, the Indian roads see a diverse range of cars. The price range of these cars start at a few lakhs and end at a few crores.

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    Car Price Range in India

    India’s leading automobile manufacturer Tata had launched the Tata Nano as the car that would cost Rs.1 lakh. However, only the first few buyers got this price. The current ex-showroom price in Delhi for a base model is about Rs. 2 lakhs. The highest on road price for the Tata Nano is about Rs. 3.64 lakhs. However, the Nano has an unmatched competitor that has had a long-run in the market and is still going strong. The budget-friendly Maruti Suzuki Alto starts at Rs. 2.52 lakhs ex-showroom and dominates the market as the highest selling car.

    In between, India seems to have an unlimited supply of mid size cars, vans, MUVs, MPVs, sedans, executive cars, and premium cars. These cars usually fall between Rs. 6 lakhs up to Rs. 35 lakhs.

    Right on top, India has the cars that turn heads on the roads with their large size and smooth drive. These cars fall under the categories of luxury cars, super luxury cars, SUVs, convertibles, sports cars and super cars. These cars cost nothing less than Rs. 50 lakhs and roll into 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.

    Table of Car Price Range in India

    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 Segment

    Type

    Estimate

    Examples

    A

    Hatchbacks

    Rs. 2 lakhs - Rs. 5 lakhs

    Alto, Spark, Nano, Eon

    A1

    Hatchbacks

    Rs. 7 lakhs

    Santro, Indica, Beat

    A2

    Hatchbacks

    Rs. 7 lakhs to 10 Lakh

    Ritz, i10, i20, Swift, Figo

    B1

    Vans

    Rs. 2 lakhs - Rs. 5 lakhs

    Eeco, Omni, Versa

    B2

    MUV/MPV

    Rs. 7 lakhs - Rs. 17 lakhs

    Sumo, Innova

    C1

    Sedan

    Rs. 6 lakhs - Rs. 10 Lakh

    Indigo, Fiesta, Sunny

    C2

    Sedan

    Rs. 8 lakhs - Rs. 13 lakhs

    Verna, Manza, Linea

    D1

    Sedan

    Rs. 15 lakhs

    Fluence, Corolla

    D2

    Sedan

    Below Rs. 35 Lakh

    Accord, Camry, Kizashi

    SUV

    SUV

    Rs. 5 lakhs - Rs. 13 crores

    Vitara, CRV

    News About Car Prices in India

    • GST Benefits of Jaguar Land Rover to be Passed on to Customers

      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.

      13th June 2017

    • Geely Auto buys the British Sports Car Maker Lotus

      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.

      8th June 2017

    • BMW launches M760Li xDrive in India 

      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.

      29th May 2017

    • Nissan Explains Solid Oxide Fuel Cell Technology

      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.

      10th January 2017

    • A history of the Mini Clubman recently launched in India

      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.

      3rd January 2017

    • Mitsubishi re-launches the Montero with a price tag of Rs.67.88 lakh

      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.

      23rd December 2016

    • Mercedes-AMG E63 to be Officially Launched in Mid-December

      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.

      19th December 2016

    • Tata Motors Making Efforts to Become the Third-Largest Passenger Vehicle by 2020

      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.

      2nd December 2016

    • Toyota Kirloskar Motor Join Hands with Uber

      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.

      23rd November 2016

    • Sao Paulo International Motor Show 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.

      21st November 2016

    Car Loan Reviews

    • Bank Bazaar Car Loan
      "Superb experience"
      0.5 5.0/5 "Blown Away!"
      I would say Bank Bazaar is doing a good service to the customers. The executive from the bank bazaar was really helpful and the response was immediate . The mobile application was user friendly and easy to use as i am a first time user. It is recommendable to others.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 19, 2017
    • Axis Bank Car Loan
      "Excellent service"
      0.5 4.5/5 "Excellent!"
      I postponed my plan of buying a car now so i have cancelled the process. Customer service was good from the AXIS bank end . They contacted me on time and delivered the proper information for the process . The rate of interest was also nominal like other banks, they quoted me 9%.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 19, 2017
    • Bank Bazaar Car Loan
      "Experience is good"
      0.5 5.0/5 "Blown Away!"
      It was a very good experience with Bankbazaar as they were prompt in contacting me and informing me the details. There were proper follow up calls done as well. The website is pretty good and very much easy to follow. The portal is friendly and informative.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 19, 2017
    • ICICI Bank Car Loan
      "Response is good"
      0.5 4.0/5 "Great!"
      I had applied for a car loan with ICICI Bank and the banking services are good. They contacted to me on time and informed me the necessary details. Since they were not providing a loan for the commercial vehicles. I could not proceed ahead. The interest rate and charges was average.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 19, 2017
    • Bank Bazaar Car Loan
      "Good Experience"
      0.5 4.5/5 "Excellent!"
      I have applied car loan via bank bazaar website. The customer support was good with bank bazaar, The website of bank bazaar is easy to use and customer friendly. They helped me to get in touch with the bank partner. Overall it was a very good experience.
      Was this review helpful? 0
      , nagpur
      Reviewed on Oct 19, 2017
    • HDFC Bank Car Loan
      "Good"
      0.5 4.0/5 "Great!"
      When I was looking for a car loan, I have applied to HDFC Bank through online portal. Since I have postponed my plans, there is need for a loan. But the response was immediate. They have proper comm with the customers, In future I will prefer their service.
      Was this review helpful? 0
      , nagpur
      Reviewed on Oct 19, 2017
    • Bank Bazaar Car Loan
      "Satisfactory services"
      0.5 4.0/5 "Great!"
      The services at Bankbazaar is good and there are no hassles. The response was very much prompt and they regularly contacted me and informed me the details. I am also comfortable in using the website. It was easy to use and understand. Good overall.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 19, 2017
    • Bank Bazaar Car Loan
      "Good response"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar is doing a very good service, there were no issues. The customer service and the response was prompt. This is the first time experience, I have received a link to my email address from bank bazaar which was helpful for me to apply for a car loan.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 19, 2017
    • Sundaram Finance Car Loan
      "High on ROI and charges"
      0.5 4.0/5 "Great!"
      I received a proper response from Sundaram Finance after I had applied for a car loan. They contacted me and informed me the details. But I did not go ahead because I was not comfortable with the interest rate. I was offered a rate of around 8.65% where as I was getting a much lesser rate at other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 19, 2017
    • Capital First Car Loan
      "Need proper response"
      0.5 3.0/5 "Satisfactory"
      I have got the car with my own funds so I have not taken the car loan with Capital First. I didn't receive any call from the bank side. There were no followups. They didn't take any steps for this loan process. The rate of interest was not discussed.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 19, 2017
    • Bank Bazaar Car Loan
      "Average experience"
      0.5 2.0/5 "Expected more"
      After I registered at Bankbazaar, the team contacted me on time and informed me the details. After verifying my information, I was told that they would call me back. But I did not get a response after which, it would be better if the follow up calls are prompt. The website can also have more options.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 19, 2017
    • Bank Bazaar Car Loan
      "Impressed with their service"
      0.5 5.0/5 "Blown Away!"
      I am impressed with the general service provided by bankbazaar. I had raised a request online in the next 3 hours I had received a call from bankbazaar. I was explained about all the banks that I am eligible for. They had fixed an appointment with the bank also they explained me about the procedures too. All were good, even they checked with me whether everything is heading towards the right direction.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 19, 2017
    • HDFC Bank Car Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      I had taken a car loan using a third party vendor that is why i had not taken the car loan. Rate of interest is very high and processing fee charges were 3k. Foreclosure charges were charged on the remaining outstanding balance i need to pay 1%, I am allowed to make a foreclosure after 3 months.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 19, 2017
    • HDFC Bank Car Loan
      "Good experience"
      0.5 3.0/5 "Satisfactory"
      Quite unsure why my car loan request was not processed . They showed interest they had discussed with me the information about all parameters even about foreclosure and part payment. I am happy with the interest rate and processing fee charged by HDFC bank. Sadly, my request is not processed by the said bank.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 19, 2017
    • Bank Bazaar Car Loan
      "Best fianancil advisor"
      0.5 5.0/5 "Blown Away!"
      Awesome services, Bankbazaar is very keen in providing the services. I got the quick response from bankbazaar, but I was suggested HDFC Bank which is not smooth, also it would be great if bankbazaar provides more options so that where we can select the best. For the car loan i got 2 options. As far as the site is concerned the site outlook is good.
      Was this review helpful? 0
      , lucknow
      Reviewed on Oct 19, 2017
    • HDFC Bank Car Loan
      "Needs improvment on all aspects"
      0.5 1.0/5 "Really Bad"
      HDFC Bank car loan process process is slow and sluggish, they keep collecting more and documents but the end result is ZERO .Very poor service indeed. The rate of interest is okay and it infact competitive too. I would till say that their service can be improved.
      Was this review helpful? 0
      , lucknow
      Reviewed on Oct 19, 2017
    • Bank Bazaar Car Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      In simple terms, I would say bankbazaar is a very helpful portal, I can easily find what I am eligible for and what I am not eligible for. Once after I enrolled myself. I can discuss with them about each and every factor. I got the lot of details. I surely look forward to do business with bankbazaar in future.
      Was this review helpful? 0
      , lucknow
      Reviewed on Oct 19, 2017
    • HDFC Bank Car Loan
      "Bank is very supportive"
      0.5 5.0/5 "Blown Away!"
      I have raised a request with HDFC Bank for the car loan , however I have invested in shares as the market is down, I had dropped the idea of taking the car loan with HDFC Bank and I would certainly say that HDFC Bank service is up to the mark.
      Was this review helpful? 0
      , lucknow
      Reviewed on Oct 19, 2017
    • Bank Bazaar Car Loan
      "Average experience"
      0.5 3.5/5 "Pretty good"
      The experience at Bankbazaar was average as there was a delay in the response. It would have been better if they were more quick to contact me. After which I got the information about the banks. The website is good and could have more banks listed with a lesser interest rate.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 19, 2017
    • Bank Bazaar Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The bank bazaar website was good to apply for a loan. I have placed my request through online website. I got good response from the customer service. I am much satisfied with the service. It is a hassle free website. I came to know it through internet.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 19, 2017
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