Top 5 Cheapest Cars in India in 2024 with Price and Specifications (2024)

Budget tends to be a constraint for many when choosing the perfect car to fit their requirements. However, India has quite a diverse market when it comes to automobiles, with dependable and quality vehicles available aplenty – whose costs do not necessitate digging a hole in your pockets.

If you are currently looking for the best budget cars in India, you have stumbled onto the right place!

Here, we list the most popular pocket-friendly vehicles currently available in the Indian market. So, if you think you can’t afford a car at present, think again!

There is no dearth of affordable cars in India. However, you should also prioritise performance, handling and comfort when choosing your vehicle.

When buying a car in India, securing car insurance is also crucial as it is mandatory by the Motor Vehicles Act of 1988. It provides financial protection against accidents, theft and damages, safeguarding your investment.

Having car insurance saves you from hefty traffic fines, license suspension, and even legal trouble.

Keeping this in mind, here are the top 5 cheapest cars in India that you can purchase with a budget of under Rs.6 lakh, with superior performance guaranteed.

1. Maruti Suzuki Alto K10 | Starting from ₹3.99 lakh

Maruti Suzuki is one of the most popular brands when it comes to the cheapest cars in India. Its new Alto K10 range receives a complete design overhaul in its interior and exterior parts.

The latest car tech design involves a 7.0-inch SmartPlay Studio infotainment system for rider entertainment.

Moreover, it comes with a 1.0-litre Dual-Jet petrol unit producing 67 BHP and 89 Nm of peak torque, which ensures a smooth riding experience. 

• Ex-showroom price: ₹3.99 - ₹5.83 lakhs*
• Engine displacement: 998 cc 
• Mileage: 24.39 - 24.9 kmpl 
• Seating capacity: 5 
• Transmission: Manual/Automatic 
• Fuel type: Petrol/CNG 
  
• Body type: Hatchback 
• Airbags: 2  
• Safety features: Dual airbags, ABS with EBD, and a driver-side airbag standard in some variants of the Alto K10 

2. Maruti S-Presso | Starting from ₹4.26 lakh

Another Maruti offering in this list of the most affordable cars in India, the S-Presso, is fitted with the K10B petroleum engine, which sports an MPFi fuel injection system and 3 cylinders.

Furthermore, the car features manual and automatic transmission systems, although the former variant can cost you marginally more. Peak power and torque ratings are 67 BHP and 90 Nm, respectively.

• Ex-showroom price: ₹4.26 - ₹6.12 lakh*
  
• Engine displacement: 998 cc 
• Mileage: 24.12 - 25.3 kmpl 
  
• Seating capacity: 5 
• Transmission: Manual/Automatic 
  
• Fuel type: CNG/Petrol 
• Body type: Hatchback 
  
• Airbags: 2 
• Safety features: Reverse parking sensors, dual front airbags, and ABS with EBD. 

3. Maruti Suzuki Wagon R | Starting from ₹5.54 lakh

If you are looking for a family car in India’s cheapest car range, Maruti Wagon R can be the best choice. It is a fuel-efficient car with configured seats which look after rider comfort.

Additionally, it comes with a petrol engine, producing a maximum of 113Nm of torque.

Moreover, riders can enjoy features and facilities like vehicle dynamic control, intelligent wiper system, 7-inch touchscreen display, steering-mounted audio and phone controls, digital clock, and power windows front and rear. 

• Ex-showroom price: ₹5.54 - ₹7.42 lakh*
• Engine displacement: 998 cc to 1197 cc 
  
• Mileage: 23.56 - 25.19 kmpl 
• Seating capacity: 5 
• Transmission: Manual/Automatic 
• Fuel type: CNG/Petrol 
  
• Body type: Hatchback 
• Airbags: 2 
• Safety features: Dual front airbags, ABS with EBD, rear parking sensors, and hill-hold assist (only on AMT variants)

4. Tata Tiago | Starting from ₹5.60 lakh

You cannot go wrong if your choice for a budget-friendly vehicle is the Tata Tiago.

One of the most popular hatchbacks in India since its launch, the Tata Tiago is equipped with a 3-cylinder, 5-speed, manual engine. Variants include petroleum and CNG models.

You can expect maximum power and torque of around 72 bhp and 95 Nm, respectively.

• Ex-showroom price: ₹5.60 - ₹8.20 lakh*
• Engine displacement: 1199 cc 
• Mileage: 19 kmpl 
• Seating capacity: 5 
• Transmission: Manual/Automatic 
• Fuel type: CNG/Petrol 
  
• Body type: Hatchback 
• Airbags: 2 
• Safety features: Dual front airbags, ABS with EBD, rear parking sensors, and cornering stability control.

5. Hyundai Grand i10 Nios | Starting from ₹5.84 lakh

Hyundai offers an affordable and comfortable vehicle in this budget segment in the form of the Grand i10 Nios.

You can choose between a petroleum, diesel or a CNG variant, as per your preference. The 1.2 kappa petrol engine sports 4 cylinders. Its maximum torque output is 113.8 Nm, while peak power is limited to 81.80 bhp.

• Ex-showroom price: ₹5.84 - ₹8.51 lakh*
  
• Engine displacement: 998 cc to 1197 cc 
• Mileage: 19 kmpl 
  
• Seating capacity: 5 
• Transmission: Manual/Automatic 
  
• Fuel type: Petrol/Diesel/CNG 
• Body type: Hatchback 
  
• Airbags: 4-6 
• Safety features: 6 airbags as standard, ABS with EBD, hill assist, electronic stability control (ESC), tyre pressure monitoring system (TPMS), and ISOFIX child seat mounts.

Disclaimer: The information and prices mentioned here are for a specific city and vehicle model sourced from official car company websites and reputable aggregators. They may change as per time. Please verify the details with the respective car manufacturers or authorised dealers before you buy a vehicle.

This information is added only for informative purposes, and Digit Insurance is not promoting or recommending any specific vehicle or brand in any way.