If you really think about it, it's easier getting a loan for a car than a loan for bus fare!

    Car Prices in India 2019

    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.

    Price Range of Sedans and Mid-size SUVs

    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.

    Price range of luxury cars 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.

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