Best Electric Cars Under 5 lakh

  • Author :
  • TATA AIG Team
  • Published on :
  • 07/02/2024

Driven by the encouragement of the Indian government towards sustainability, the EV market in India is poised for expansion. However, while car manufacturers are developing newer models to capture the market, there are not many electric cars in India under 5 lakhs. The pursuit of EV adoption in India is hindered by two prominent challenges:

  • Few charging stations

  • High upfront costs of EVs (whether it is cars or two-wheelers)

Considering the aforementioned, it can be understood why seeking an electric car under 5 lakh is a challenge. Yet, you need not lose heart because although limited, there are still EV cars in India under 5 lakhs.

EV Cars in India Under 5 Lakhs

The EV industry in India has been witnessing a rise in demand for affordable cars and manufacturers have responded to this by developing a range of EVs to cater to different budget segments of buyers. With that in mind, here is a list of electric cars in India under 5 lakhs:

Car - Make and Model Transmission Price for Variants (₹) (Ex-Showroom Mumbai)
Strom Motors R3 Automatic 4.50 lakhs
Tata Nano Electric  - 2.50 lakhs
Mahindra Reva i (Discontinued)  Automatic 4.20 lakhs to  5.08 lakhs

Strom Motors R3 The Strom Motors R3 is perhaps the best electric car in India under 5 lakhs. It is a unique two-seater hatchback with a futuristic design comprising a three-wheel configuration. It has a closed cockpit with gull-wing doors designed for urban drives. It is also one of the best automatic electric cars in India for under 5 lakhs and boasts a range of 200 km on a full charge. Some of its notable features include: Anti-theft GPS tracking system Keyless entry Automatic climate control Central infotainment system with a seven-inch screen Key Specifications:

Specifications Values Price
Range 200 Km ₹4.50 lakhs
Charging Time  3 Hours
Seating Capacity  2
Power 20.11 bhp
Boot space 300 L

Tata Nano Electric Tata Motors and Jayem Automotives announced a partnership in 2017 to revive the Tata Nano with an EV version with the moniker Jayem Neo. The Tata Nano’s Jayem Neo is the most anticipated electric car under 5 lakh. The car was originally designed as part of Ola’s electric fleet and will soon be available for buyers as an electric test mule of the EV was recently spotted in Akurdi, Pune. Some of its notable features include: USB ports 7-inch touchscreen display Digital instrument cluster Ambient lights Key Specifications:

Specifications Values Price
Range 150-200 km  ₹2.50 lakhs
Charging Time  4 hours
Seating Capacity  4

Mahindra Reva i (Discontinued)

Mahindra Reva i was another automatic electric car in India under 5 lakhs but the vehicle has now been discontinued. Yet, in the annals of the Indian automotive industry, the Reva has secured a special place.

A pioneer in Indian electric cars, the Reva was launched in 2002 and was truly ahead of its time. This two-seater hatchback was curated for city drives and although discontinued, the car can still be found in various second-hand markets across the country.

Some of its notable features include:

Digital display for the driver

Power steering

Bluetooth-enabled infotainment system

Key Specifications:

Specifications Values Price
Range 200 km  ₹2.50 lakhs
Mileage 80.0 km/full charge
Seating Capacity  2
Power 17.4 bhp
Variants i Standard i AC i Classe

Why are EVs Expensive?

You may wonder why there is hardly any electric car under 6 lakh, however, the reason behind the expensive price tag of EVs is because of the battery. EVs typically incorporate rechargeable lithium-ion batteries - the same batteries that power your laptops and cellphones.

However, the ones used in cars are significantly larger because they are expected to deliver far more energy. The most costly element of each cell is the cathode (one of the two electrodes that release or store charge).

And this price tag is because the materials that are required to pack more energy are themselves pricey. Metals such as lithium, manganese, nickel, and cobalt need to be converted into high-purity chemical compounds by mining and then processing.

Tips to Maintain Your EV

The maintenance of an electric car is different, and sometimes more challenging, when compared to their fuel-run counterparts. So, here are some tips to ensure your EV is in the best form:

Prioritise battery care and do not overcharge it for extended periods. Heat can hamper the performance of your EV so you should be careful of where you park.

If you own a plug-in hybrid EV with a combustion engine, you will need to occasionally change the oil.

Get your car brakes inspected at regular intervals as part of your EV’s scheduled maintenance. To reduce tyre wear, you can think of regular tyre rotation

In Conclusion

When you find the best electric car in India for under 5 lakhs, you will need to secure it with comprehensive four-wheeler insurance. This is because EVs are a developing technology and without car insurance, costs of repairs and replacements can burn a hole in your pocket. However, before investing in a policy, you must compare car insurance to find the most suitable cover.

With Tata AIG, you can even get your car insurance renewal online. Moreover, with us, you can even customise your four-wheeler insurance with add-on covers for enhanced protection.

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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