A lot of new cars are launched every year by the major players in the automobile industry. While there are some cars released with high-end specifications, many of the cars are released keeping in mind the needs of the common man and are very affordable. Listed below are the 10 cheapest cars that can be purchased in India that are light on the pocket while delivering performance at the same time:
The fluidic design of the Hyundai Eon makes it one of the best looking hatchbacks at this price range. The entry level vehicle from Hyundai is now available with a 800cc engine and comes with five-speed manual transmission. The car is positioned below the Santro and i10 of Hyundai. The price of the Hyundai Eon starts at Rs.3.69 lakh and can go up to Rs.5.14 lakh. The petrol variant of the Eon starts at Rs.3.69 lakh. There are 5 colours available to choose from.
| Fuel Type | Petrol | Petrol |
|---|---|---|
| Engine Type | 0.8 MPi 5 Speed Manual | 1.0L Kappa 5 Speed Transmission |
| Maximum Power | 56 ps at 5,500 rpm | 69 ps at 6,200 rpm |
| Maximum Torque | 7.6 kg.m at 4,000 rpm | 9.6 kg.m at 3,500 rpm |
| Displacement | 814 cc | 998 cc |
| Transmission | Manual 5 | Manual 5 |
| Fuel Tank Capacity | 32 litres | |
| Seating Capacity | 5 | |
The Kwid is Renault’s entry into the very competitive small car segment in the country. The Kwid combines efficiency and practicality, and extent of localisation done (98 percent) makes the Kwid a very affordable car. The small car has been optimised to ensure that there is sufficient space for all the people sitting in the vehicle. The price of the Kwid starts at Rs.3.11 lakh and can go up to Rs.5.21 lakh. The car is available in 6 different colours.
| Fuel Type | Petrol | Petrol |
|---|---|---|
| Engine Type | 0.8 SCe | 1.0 SCe |
| Maximum Power | 54 ps at 5,678 rpm | 68 ps at 5,500 rpm |
| Maximum Torque | 72 Nm at 4,386 rpm | 91 Nm at 4,250 rpm |
| Displacement | 799 cc | 999 cc |
| Transmission Type | 5-Speed manual synchromesh | |
| Fuel Tank Capacity | 28 litres | |
| Seating Capacity | 5 | |
The Datsun Redi-Go is one of the budget offerings from the Japanese automaker. This is the entry-level car of Datsun. The Redi-GO has been developed using the same platform as the Renault Kwid and sports the same 800cc three-cylinder petrol engine. The Redi-GO competes in the A-segment with the likes of the Renault Kwid and Maruti Alto K10. The price of the Redi-GO starts at Rs.2.88 lakh and can go up to Rs.4.57 lakh. There are 5 colour options available with the Redi-GO.
| Fuel Type | Petrol | Petrol |
|---|---|---|
| Engine Type | 0.8 L | 1.0 L |
| Maximum Power | 40 kW at 5,678 rpm | 50 kW at 5,500 rpm |
| Maximum Torque | 72 Nm at 4,386 rpm | 91 Nm at 4,250 rpm |
| Displacement | 0.799 l | 0.999 l |
| Transmission Type | 5-Speed MT | |
| Boot Space | 222 litres | |
| Seating Capacity | 5 | |
The Maruti 800, 28 years after its release was upgraded and replaced with the Alto 800. This car is the entry-level offering of Maruti Suzuki. The base variant of the vehicle does not come with air conditioning or power steering in order to bring down the prices. The top variant of the car includes most of the features. The price of the Alto 800 starts at Rs.2.84 lakh and can go up to Rs.4.21 lakh. The petrol variant of the Alto 800 starts at Rs.2.8 lakh while the CNG variant of the vehicle starts at Rs.4.15 lakh. The Alto 800 comes in six different colour options.
| Fuel Type | Petrol | Petrol |
|---|---|---|
| Fuel Type | Petrol | CNG |
| Engine Type | F8D | F8D |
| Maximum Power | 35.3 kW at 6,000 rpm | 35.1 kW at 6,000 rpm |
| Maximum Torque | 69 Nm at 3,500 rpm | 60 Nm at 3,500 rpm |
| Displacement | 796 cc | 796 cc |
| Fuel Tank Capacity | 35 litres | 60 litres |
| Seating Capacity | 5 | |
The Maruti Suzuki Ignis is the new compact car that looks into the design philosophy of the hatchback segment in the country. The Ignis is a five-seater and has a minimalistic body design. This is the first budget vehicle to get LED headlamps and LED daytime running lights. The price of the Maruti Suzuki Ignis starts at Rs.5.18 lakh and can go up to Rs.7.95 lakh. There are 9 colour options available to choose from.
| Fuel Type | Petrol |
|---|---|
| Engine Type | VVT |
| Maximum Power | 61 kW at 6,000 rpm |
| Maximum Torque | 113 Nm at 4,200 rpm |
| Displacement | 1,197 cc |
| Transmission Type | AMT / 5MT |
| Fuel Tank Capacity | 32 litres |
| Seating Capacity | 5 |
The Bolt is a new hatchback from Tata specifically designed for the Indian market. The car is based on the X1 platform of Tata, which is the same platform used for the Indica Vista hatchback. The Bolt is loosely based on the Zest with the only difference in the boot region where the car does not have a protrusion. The price of the Bolt starts at Rs.5.57 lakh and can go up to Rs.8.72 lakh. The Bolt comes in five different colour variants.
| Fuel Type | Petrol | Diesel |
|---|---|---|
| Engine Type | Turbocharged MPFi with Multi-drive (City, Eco, Sport) | Common rail direct injection |
| Maximum Power | 90 ps at 5,000 rpm | 75 ps and 4,000 rpm |
| Maximum Torque | 140 Nm at 1,500 - 4,000 rpm | 190 Nm 1,750 - 3,000 rpm |
| Displacement | 1,193 cc | 1,248 cc |
| Transmission Type | 5-Speed Manual | 5-Speed Manual |
| Fuel Tank Capacity | 44 litres | |
| Boot volume | 210 litres | |
The Hyundai Grand i10 was first launched and has constantly updated since then. The Grand i10 became the highest selling car of the company in India and also managed to surpass the Swift for a small period of time. The 2017 edition of the Grand i10 is the mid-life update of the vehicle and Hyundai has ensured that the Grand i10 offers the best possible features in this segment. The price of the Grand i10 starts at Rs.5.28 lakh and can go up to Rs.8.56 lakh. There are 8 colour options available to choose from.
| Fuel Type | Petrol | Diesel |
|---|---|---|
| Engine Type | 1.2 Kappa Petrol | 1.2 U2 CRDi Diesel |
| Maximum Power | 83 ps at 6,000 rpm | 75 ps at 4,000 rpm |
| Maximum Torque | 11.6 kg.m at 4,000 rpm | 19.4 kg.m at 1,750 - 2,250 rpm |
| Displacement | 1,197 cc | 1,186 cc |
| Transmission Type | Automatic 4 | Manual 5 |
| Fuel Tank Capacity | 43 litres | |
| Seating Capacity | 5 | |
The Tata Tiago is the latest entry of the company into the compact car segment. With the Zest, Bolt, and now with the Tiago, Tata is hoping to reshape its image as a modern car maker. The Tiago follows the HorizonNext design used by Tata and the face of the Tiago resembles the Zest and the Bolt. The price of the Tiago starts at Rs.3.77 lakh and can go up to Rs.6.77 lakh. There are six colour options available to choose from.
| Fuel Type | Petrol | Diesel |
|---|---|---|
| Engine Type | Revotron 1.2 l 3 cylinder with multi-drive modes | Revotorq 1.05 l 3 cylinder with multi-drive modes |
| Maximum Power | 85 ps at 6,000 rpm | 70 ps at 4,000 rpm |
| Maximum Torque | 114 Nm at 3,500 rpm | 140 Nm at 1,800 - 3,000 rpm |
| Displacement | 1,199 cc | 1,047 cc |
| Transmission Type | Manual A.M.T/5-speed | Manual 5-speed |
| Fuel Tank Capacity | 35 litres | |
| Boot Space | 242 litres | |
Mahindra launched the KUV100 under the new NXT name. The KUV100 NXT comes in five different variants and has two engine options available to choose from. Mahindra has made an effort to equip the car with enough features and technology so that it can compete with the other established players in the market. The price of the KUV100 NXT starts at Rs.5.31 lakh and can go up to Rs.8.99 lakh. The diesel variant of the KUV100 NXT starts at Rs.6.46 lakh while the price of the petrol variant starts at Rs.5.31 lakh. The car is available in 10 different colours.
| Fuel Type | Petrol | Diesel |
|---|---|---|
| Engine Type | mFALCON G80, Multi-Point Fuel Injection with Dual Variable Valve Timing | mFALCON D75, Turbocharger with Intercooler, Common Rail Direct Injection Technology |
| Maximum Power | 61 kW at 5,500 rpm | 57.4 kW at 3,750 rpm |
| Maximum Torque | 115 Nm at 3,500 - 3,600 rpm | 190 Nm at 1,750 - 2,250 rpm |
| Displacement | 1,198 cc | 1,198 cc |
| Transmission Type | 5-speed Manual | 5-speed Manual |
| Fuel Tank Capacity | 35 litres | |
| Seating Capacity | 5 seater or 6 seater (2+3 or 3+3) | |
After the first MPV of Maruti Suzuki, the Omni was launched in 1985, the car was followed up by the company with the launch of the Versa. Versa did not find the success like the Omni and was soon discontinued in 2009. The Eeco has a tall boxy design and comes with new headlights and redesigned rear and front bumpers. The large space for storage and the seating capacity of the vehicle are the main selling points of the Eeco. The price of the Eeco starts at Rs.3.74 lakh and can go up to Rs.4.9 lakh. The CNG variant of the Eeco starts at Rs.4.9 lakh. The car is available in 6 different colours.
| Fuel Type | Petrol | Diesel |
|---|---|---|
| Fuel Type | Petrol | |
| Engine Type | Aluminium | |
| Maximum Power | 54 kW at 6,000 rpm | |
| Maximum Torque | 101 Nm at 3,000 rpm | |
| Displacement | 1,196 cc | |
| Transmission Type | 5 Speed MT Rear Drive | |
| Fuel Tank Capacity | 40 litres | |
| Seating Capacity | 5-seater or 7-seater |
These are the 10 cars that can be purchased if people are looking for a car that fits their budget. While not all the vehicles might deliver the best performance as the other premium cars, these cars are more than sufficient for many car buyers out there.
FAQs
Car loans are offered for most sports-utility vehicles, multi-utility vehicles, and passenger cars that are availed in India. In the case of used cars, usually banks offer loans for vehicles that not more than 5 years old.
The list of documents that must be submitted when you avail a car loan is mentioned below:
Any other document that has been requested by the bank submitted as well.
Yes, you can negotiate the rate of interest. In case you have been a loyal customer and all your payments have been made on time, banks may offer the car loan at lower interest rates.
No, you do not have to provide security or collateral to avail a car loan. However, the car will be hypothecated in the name of the bank.
Yes, you can avail a car loan without submitting the income documents. Certain banks offer the No Income Scheme.
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