Best Electric cars under 15 lakh

  • Author :
  • TATA AIG Team
  • Published on :
  • 08/02/2024

Electric vehicles (EVs) are leading the way to a cleaner and greener environment with reduced emissions and pollution. Whether it is buyers, car manufacturers, or the government, the common underlying faith is that the future of mobility is electric.

In this global narrative, the EV industry in India is poised for a transformative revolution and is ready to reshape the transportation sector in the country. India is resolved towards an ambitious target and has committed that by 2030 the share of EV sales would boost to:

  • 30% in private cars

  • 70% in commercial vehicles

  • 40% in buses, and

  • 80% in two-wheelers and three-wheelers

Acknowledging these targets, the car makers in the country have responded by developing EVs in varied budget ranges for a diverse range of buyers in the country. So, if you are looking for EV cars under 15 lakhs, you have a range of options to choose from.

Top Electric Cars in India Under 15 Lakhs

In the current scenario, conventional vehicles with internal combustion engines (ICE) have become more expensive because of stringent emission regulations that are prompting new modifications in vehicles.

On the other hand, the stops pulled by the Government of India and reduced battery costs have resulted in more affordable EVs. And industry executives believe that moving forward, this trend is likely to continue.

In light of this narrowing price difference between battery-powered and fossil fuel-run passenger vehicles, here is a list of electric cars in India under 15 lakhs:

Car - Make and Model Fuel Type Transmission Price for Variants (₹) (Ex-Showroom Mumbai)
Tata Punch EV Electric Automatic 10.99 lakhs to 15.49 lakhs
Tata Nexon EV Electric Automatic 14.74 lakhs to 19.94 lakhs
Tata Tiago EV Electric Automatic 8.69 lakhs to 12.04 lakhs
Tata Tigor EV Electric Automatic 12.49 lakhs to 13.75 lakhs
Citroen eC3 Electric Automatic 11.61 lakhs to 13.35 lakhs
MG Comet EV Electric Automatic 7.98 lakhs to 9.98 lakhs
Mahindra XUV 400 EV Electric Automatic 15.49 lakhs to 19.39 lakhs

As the table above reveals, homegrown auto major Tata Motors currently dominates the Indian EV market and intends to further expand its EV portfolio in the near future. The intention is to encourage the growth of domestic electric cars and make them more and more accessible to the Indian masses.
Tata Punch EV With spacious and well-designed interiors and a resilient build quality, the Tata Punch EV is truly ushering in a new era of sustainable and effective driving. It boasts a smooth driving experience with excellent performance that would appeal to every driver. It is curated for comfort and can comfortably accommodate a family. It comes with a host of exciting features such as an electrically voice-assisted sunroof, a 10-inch infotainment touchscreen, LED projector headlamps, etc. Conclusively, the Tata Punch EV is an excellent choice if you are looking for an electric car under 15 lakh. Key Specifications:

Specifications Values Price
Range 421 km ₹10.99 lakhs to ₹15.49 lakhs
Battery Capacity  35 kWh
Charging Time  6.5 hours
Power  80.46 - 120.69 bhp
Boot Space 366 litres
Seating Capacity  5
Body Type SUV

Tata Nexon EV The Tata Nexon EV has been the best-selling EV for a while now and deservedly so. With a futuristic design and excellent performance, the Tata Nexon EV is the country’s most affordable “proper” EV car. The car comes with dual-tone interiors and a customisable 10.25-inch fully digital instrument cluster. Driving this EV is a unique experience because when you fire up the car, it makes no sound whatsoever. Even in city traffic, the car is pleasurable to drive. The response of the accelerator pedal is not snappy so the driver as well as other occupants can experience its smoothness. So, the Tata Nexon EV is perhaps the best electric car in India for under 15 lakhs.
Key Specifications:

Specifications Values Price
Range 465 km ₹14.74 lakhs to ₹19.94 lakhs
Battery Capacity  40.5 kWh
Charging Time  6 hours
Power  142.68bhp
Boot Space 350 litres
Seating Capacity  5
Body Type SUV

Tata Tiago EV With a modern appearance, relatively compact size, and electrical driving power, the Tata Tiago EV is the best electric car in India under 15 lakhs for urban mobility. It effectively combines utility and appearance and is an excellent car for those who regularly have to commute 30 to 40 km. It is essentially a great electric hatchback that is pocket-friendly, generously equipped, and specifically designed for daily city grind. In most urban applications, the car feels peppy, and its well-appointed interiors ensure good passenger comfort. Along with a decent array of features, the Tata Tiago EV also comes with a great sound system. Key Specifications:

Specifications Values Price
Range 315 km ₹8.69 lakhs to ₹12.04 lakhs
Battery Capacity  24 kWh
Charging Time  8 hours 42 minutes
Power  73.75bhp
Boot Space 240 litres
Seating Capacity  5
Body Type Hatchback

Tata Tigor EV Another Tata marvel, the Tata Tigor EV is a step in the right direction as it is an innovation in sustainable and efficient transport. It is designed with a smooth appearance and a spacious cabin for comfort. The car represents electric hydrofoil concatenation which combines a fine driving experience with effective sustainability. Its enhanced features and electric powertrain make it a unique electric car for under 15 lakh. The ultra-practical characteristics of the car are one of the many reasons why it has been received so well in the Indian market. Key Specifications:

Specifications Values Price
Range 315 km ₹12.49 lakhs to ₹13.75 lakhs
Battery Capacity  26 kWh
Charging Time  7 hours 50 minutes
Power  73.75bhp
Boot Space 316 litres
Seating Capacity  5
Body Type Sedan

Citroen eC3 The Citroen eC3 is the first rung in a family of affordable cars from Citroen priced towards the lower end of the EV price spectrum. The cabin of the eC3 is very similar to the C3 hatchback. The car is equipped with a digitised instrument cluster and a 10.2-inch touchscreen that supports both Android Auto and Apple CarPlay. The car is designed to comfortably accommodate passengers with ample legroom in the rear seats. The eC3 comes with two driving modes - normal and Eco. For those who are on a budget, the Citroen is the best EV car under 15 lakhs as it comes with effortless drive within city limits and offers a good amount of space and practicality. Key Specifications:

Specifications Values Price
Range 320 km ₹11.61 lakhs to ₹13.35 lakhs
Battery Capacity  29.2 kWh
Charging Time  57 minutes
Power  56.21bhp
Boot Space 315 litres
Seating Capacity  5
Body Type Hatchback

MG Comet EV If you are looking for an affordable EV, especially for city drives then the MG Comet EV is the best electric car in India for under 15 lakhs. The car emerges as a compact electric phenomenon with good interiors, smart features, and a smooth driving experience. It boasts an effective electric powertrain along with satiny aesthetics and is ideal for daily commutes. It is an efficient combination of excellent performance and innovation. Its futuristic design makes it stand out among its competitors and the car also has a good safety rating and a reliable security system. Owners of the MG Comet EV consider the car a delight claiming that it has transformed their driving experience. Key Specifications:

Specifications Values Price
Range 230 km ₹7.98 lakhs to ₹9.98 lakhs
Battery Capacity  17.3 kWh
Charging Time  7 hours
Power  41.42bhp
Seating Capacity  4
Body Type Hatchback

Mahindra XUV 400 EV Although it is a slight bump on the budget to be the best electric car under 15 lakh, the Mahindra XUV400 EV is still worthy of consideration owing to its ability to truly transform an individual’s driving experience. Regardless of where you go, the car promises a smooth driving experience that is appealing to drivers even during extended trips. With its imposing SUV stance, the Mahindra XUV 400 EV not only excels in performance delivery but boasts a 5-star safety rating. Another aspect that positions this car above its segment standard is its stylish and upmarket interior coupled with an impressive range. The car’s spacious interiors are designed with black and copper accents that can easily accommodate five passengers with a generous space for storage. So, for those who can push their budget, the Mahindra XUV 400 EV is an excellent choice. Key Specifications:

Specifications Values Price
Range 456 km ₹ 15.49 lakhs to ₹ 19.39 lakhs
Battery Capacity  39.4 kWh
Charging Time  6 hours 30 minutes
Power  147.51bhp
Boot Space 368 litres
Seating Capacity  5
Body Type SUV

Before you choose the best EV car under 15 lakhs, it is important to make note of the essential factors that should be a part of your decision-making process when buying an EV.

Factors to Consider When Buying an Electric Car

The current stance of the automobile industry is an indication of an electric future of transport that can have a positive impact on our planet. EVs contribute towards a greener tomorrow owing to cleaner emissions.

Although the current car portfolio is limited, car manufacturers are constantly endeavouring to introduce innovations to appeal to buyers. So, if you are looking to invest in an electric car, here are some important factors to consider:

Price: When compared to their traditional fuel-run counterparts, EVs are costlier. So, it is important to have your budget and car requirements aligned before exploring electric car options.

Tax benefits and other incentives: The overall cost of your EV can come down because of the incentives and tax benefits offered by the government. So, before purchasing, check the exact percentage of incentive and tax benefits.

Key specifications: EVs come with a wide range of electric motors and battery packs so you must analyse your requirements to find a suitable car. You must also check the driving range and the battery life of your EV before buying.

Charging infrastructure and options: Since the charging infrastructure is still developing, you will need to check if your city has an adequate number of stations.

There are also a variety of charging options such as fast charging, standard charging, and slow charging. Standard and slow charging variants can be installed at your home for convenience.

Maintenance costs: Just as it is with fuel-run cars, it is essential to maintain your EV at regular intervals for efficient performance. While EVs are easy to maintain because they have fewer parts, in case of a breakdown, the repair bills can burn a hole in your pocket.

After-sales support: The ownership experience of buying an EV relies heavily on post-purchase service and support. So, it is important to choose a reliable brand that will assist you with the necessary aspects of owning an EV.

Choosing between electric and hybrid: If an EV is an impractical option for you, you can always opt for a hybrid model instead. Compared to a conventional car, a hybrid produces less emissions.

In the current scenario, buying an electric car can be tricky because the charging infrastructure is still in its developing stage and electric cars are costlier. Yet, one can find several EV cars under 15 lakhs to experience the revolution of electric cars first-hand.

What Should You Know About 4-Wheeler Insurance for Electric Cars?

In response to an increased adoption of EVs in India, insurance companies are offering 4-wheeler insurance for electric car owners. With comprehensive car insurance, EV owners will receive financial protection for their vehicles against unforeseeable liabilities.

Individuals can also opt for a third-party car policy online that will exclusively compensate for damages to a third-party person or property.

To encourage the use of EVs in India, the Insurance Regulatory and Development Authority of India (IRDAI) has set a third-party 4-wheeler insurance premium rate at a 15% discount.

With Tata AIG, you can also conveniently buy or car policy online. If you already have an insurance policy you can even get your car insurance renewal online with us.

Wrapping Up

Owning a new car is always a special experience, however, there is something better about owning an electric car: the idea that you are contributing towards a greener environment.

However, because EVs are comparatively expensive, it is important to secure them appropriately by buying a comprehensive car policy online.

Disclaimer: All the prices and other information listed above pertain to a specific city and vehicle model. Since this information is subject to change, it is advisable to check the latest information before purchasing a vehicle or an insurance policy.

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