Top 10 Cheapest Cars in India, 2022-23: Know Basic Details, Mileage, Engine Displacement with Latest Price

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Updated on Jan 16, 2023

Having a vehicle for your personal use is an integral part of modern life. While many people prefer to own a bike for practicality and economic value, owning a car is a much better option for most couples and families. One of the biggest benefits of owning a car is the convenience, comfort, and safety that it offers. For those who are looking for a car on a steep budget, there are several affordable options available, that offer great value for money. Here are some of the lowest-priced cars available in the Indian automobile market that can be considered by those looking for a car on a tight budget.

List of 10 Cheapest Car in India / Lowest Price Cars List January 2023

There is no shortage of quality options when it comes to the cheapest car in India as you would see from the discussion below.

Car Name Starting Price Mileage
₹ 3.60 lakh 35 kmpl
₹ 3.97 lakh 22.7 kmpl
₹ 4.64 lakh 25.17 kmpl
₹ 3.97 lakh 22.05 kmpl
₹ 4.25 lakh 21.4 kmpl
₹ 5.13 lakh 16.11 kmpl
₹ 5.23 lakh 21.63 kmpl
₹ 5.47 lakh 21.79 kmpl
₹ 4.89 lakh 20.3 kmpl
₹ 5.45 lakh 20 kmpl

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Best and Cheapest Cars Under 5 Lakhs in India 2022-23

1. Bajaj Qute

Bajaj Qute - india's cheapest car
The first name that needs to be taken in this regard is that of Bajaj Qute.

Following are Bajaj Qute major features at a glance:

Mileage 35 kmpl (kilometer per liter)
engine displacement 216 cc (cubic capacity)
Price INR 3.60 lakh

A lot of people consider this to be the cheapest car in India. This car is available in both CNG (compressed natural gas) and petrol variants. It also provides you with the best fuel efficiency that you could expect from such a vehicle. So, in case you are looking for an economic vehicle you could always try this.

Also Read: 10 seater cars in india

2. Datsun Redi-GO

Datsun Redi-GO - lowest price car list
If you look up a low-price car list in India, this is one name that you are sure to find over there.

Datsun Redi-GO major features may be enumerated thus:

Mileage 22.7 kmpl
engine displacement 799 cc
Price INR 3.97 lakh

Apart from these, the car was also bestowed with the honor of being the NDTV (New Delhi Television) Small Car of the Year in 2017. No wonder people go for it when they are trying to buy a low priced car. The hatchback is said to be one of the finest budget cars in the country.

Also Read: Car Insurance Guide and Glossary

3. Renault Kwid

top 10 cheapest cars in india - Renault Kwid
If you are looking for an affordable car chances are high that you could end up with this vehicle as well.

Come, let us take a look at Renault Kwid salient features:

Mileage 25.17 kmpl
engine displacement 799 cc
Price INR 4.64 lakh

In 2016, NDTV awarded it the Car of the Year Award at the NDTV Awards. It has a 28-liter fuel tank, a DOHC (dual overhead camshaft) five-speed engine that can produce a torque of 91 Nm (Newton-meter), and the power of the MPFi (multi point fuel injection) system.

Also Read: Car Depreciation Rates

4. Maruti Alto 800

lowest price car list - Maruti Alto 800
You can be sure that you would not go wrong with this car if you are looking for the lowest price car in India.

So, let us take a look at Maruti Alto 800 features:

Mileage 22.05 kmpl
engine displacement 796 cc
Price INR 3.97 lakh

In the 2013 NDTV Car and Bike Awards, it was named the Entry Hatchback of the Year. In fact, ever since it was launched it has been one of the most popular hatchbacks in India. It comes with a five-speed three-cylinder manual engine. This car is available in both CNG and petroleum models. It provides a maximum power of 40 BHP (brake horsepower) and the highest torque of 60 Nm.

5. Maruti S-Presso 

top 10 cheapest cars list in india - Maruti S-Presso
Maruti offers some of the most affordable cars in India and as the lowest price car; this ranks right up there with the very best.

Maruti S-Presso salient features may be enumerated below:

Mileage 21.4 kmpl
engine displacement 998 cc
Price INR 4.25 lakh

In 2019, at the Tech and Auto Awards, the car won the Hatchback of the Year Award. It has a K10B petroleum engine that contains three cylinders along with the fuel injection system known as MPFi. Apart from that, the car has both automatic and manual transmission systems.

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Also Read: Best Car Insurance in India

6. Maruti Eeco

Maruti Eeco - most cheapest car in india
If you are worried about the price of a car, this is one model that you can always go for.

Without further ado, let us take a look at Maruti Eeco salient features:

Mileage 16.11 kmpl
engine displacement 1196 cc
Price INR 5.13 lakh

Are you not looking for a hatchback? Do you want something bigger within your budget? If so, then Maruti Eeco is surely one of the most economical options going around. This is a minivan and gets its power from a G12B engine. The base variant is capable of making space for five people at a time.

7. Maruti Celerio

Maruti Celerio - lowest price car
When you are looking for a good option as the cheapest car this is one model that you can always consider.

Come, let us take a look at Maruti Celerio main features:

Mileage 21.63 kmpl
engine displacement 998 cc
Price INR 5.23 lakh

In the World Auto Forum of 2015, it was conferred with the Best Innovation award. Celerio is yet another family hatchback from the stable of Maruti. It comes with a three-cylinder engine to go with a five-speed gearbox. The engine can generate a minimum power of 67 BHP. It has a torque rating of 90 Nm at 3500 rpm (revolutions per minute).

Also Read: Vehicle Owner Details By Number Plate

8. Maruti Wagon R 

Maruti Wagon R - affordable cars in india
This is perhaps one of the best options that you get in the country when you think of the lowest price car in India.

The following are Maruti Wagon R’s salient features:

Mileage 21.79 kmpl
engine displacement 998 cc
Price INR 5.47 lakh

The Wagon R is the epitome of economy and quality combined in a single package. It also happens to be one of the most popular vehicles in the country. It has a K12M petrol engine that is capable of generating a peak power of 81 BHP with a maximum torque of 113 Nm.

9. Hyundai Santro

Hyundai Santro - cheap cars in india
This one is also a popular option when you think of a car with a price that is within your limits.

Hyundai Santro main features may be enumerated below:

Mileage 20.3 kmpl
engine displacement 1086 cc
Price INR 4.89 lakh

In 2019, at the World Car of the Year Award, it was chosen to be one of the top three vehicles around the world. It is the first Indian car to have received such an honor. It has a CNG version to go with a petroleum variant and you can choose any one from among them depending on what you prefer.

10. Tata Tiago 

Tata Tiago - low budget cars
It may be the last name on the list but by no means is it the least.

Tata Tiago’s salient features may be enumerated below:

Mileage 20 kmpl
engine displacement 1199 cc
Price INR 5.45 lakh

Apart from these, at the CNBC-TV18 Overdrive Awards of 2017, it won the Compact Car of the Year Award. It is a budget hatchback from Tata and its specifications are as impressive as it gets. It derives its power from the Revotron petroleum engine, which has been created by Tata as well. It is also equipped with a five-speed manual transmission.

Please Visit: Four Wheeler Insurance

The above cars make it easy for first-time car buyers to own a car without the need to spend out of their means. By choosing any of these options you can get free from the dependency on public transport or the discomfort of traveling on two-wheelers during adverse weather conditions.

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FAQs on Top 10 Cheapest and Low Price Cars in India 2022

How much does car insurance cost in India?

The car insurance premium in India depends on various factors, like car model, location, engine type, coverage, and so on. A policy can start from Rs. 2,400 per year and go up to any 10-15 thousand depending on the policy and the different factors.

Which insurance is mandatory for cars in India?

Third-party car liability (TPL) insurance is mandatory for cars in India.

What is 1st Party 2nd Party 3rd party insurance?

First-party refers to the insured individual, second-party is the insurance provider, and third party is the person towards whom damages are owed by the first-party in an accident.

How car insurance is calculated India?

Many factors are taken into consideration to calculate the car insurance premium in India, such as cost of the car, the model of the car, the engine, the location you registered your car, etc.

Is it cheaper to buy car insurance online or offline?

In most cases, buying car insurance online is cheaper as most online life insurance products are at least 50% cheaper than their offline counterparts.

Which is the cheapest car in India?

Bajaj Qute is the cheapest car in India at present. It starts at INR 3.60 lakh. The fuel type is available in petrol and CNG. And the transmission of the car is manual. If you are on a budget, this is the best car you can buy.

Which is the best car under INR 2 lakh?

Under INR 2 lakh, finding a brand new car is not quite possible in India. However, you can look for used or second-hand cars that are in good condition.

Which car is best under INR 5 lakh?

Under INR 5 lakh, you can get many cars such as Renault Kwid, Maruti S-Presso, Hyundai Santro, etc.

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Apr 12, 2022
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