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Budget Electric Cars (EV) in India: Find all Options and Prices

  • Author :
  • TATA AIG Team
  • Published on :
  • 07/02/2023

We live in a time when environmental worries are at an all-time high. Emissions from traditional crude oil-based cars have long contributed significantly to the overall destruction of the environment. There is a widespread concern; we owe damage control to future generations and the world. Also, adding fuel to the fire is increasing fuel prices in India.

If you plan to buy one EV car anytime soon, you should not underestimate the importance of having a car insurance plan in India. When you purchase a car, you must also get a car insurance policy. The 1988 Motor Vehicles Act mandates this.

The Need of EV Cars in India

The people of India have little choice but to transition to a cleaner, more environmentally friendly alternative - electric cars (EVs). More crucially, four-wheeler manufacturers are now releasing mass-market EVs in addition to premium electric cars, which is critical for the adoption of EVs in India. In the present day, an EV may be purchased for as low as ₹12 lakhs (ex-showroom price), and there are more economical electric vehicles available on the market, which is why we have compiled a list of the most budget-friendly electric vehicles in India to assist you in going green.

However, insurance for four-wheelers is necessary for various reasons, not the least of which is that it is required by law. It relieves the emotional and financial load of covering accident-related damages for your car or third-party property damage.

Tata AIG offers an array of car insurance policies at competitive rates for you to stay protected in times of legal and financial need. With rapid insurance claim settlement, hassle-free renewal options, and affordable premiums, we are the preferred insurance provider for millions of motorists in India. Furthermore, for a small additional premium rate, we provide unique supplemental coverage that may considerably enhance your four-wheeler insurance package. You can take the assistance of our online car insurance calculator to know the premium rate of your car insurance policy and make a decision that is based on

your requirements and budget. So, without hesitation, make sure you contact us as soon as you purchase a stylish electric vehicle. We’d be glad to assist you! So, without further ado, let us look at the best budget electric cars in India. Continue reading to learn more.

Best Affordable Electric Cars in India

Listed below are some of the best budget electric cars in India:

  • Tata Tigor EV

Tata Motors has released the Tigor EV, the company's second mass-market EV. The car starts at ₹11.99 lakh and goes up to ₹12.99 lakh, making it one of the most inexpensive passenger EVs in India. The four-wheeler has a similar design to the Tigor sedan, with some small differences. The main difference is that the electric motor replaces the internal combustion engine. The business promises a range of 306 kilometres on a full charge, and the car supports both conventional and rapid charging.

  • Mahindra eKUV100

The Mahindra KUV100 SUV-based compact EV is the most economical on our list, with a liquid-cooled 15.9kWh battery that can offer a range of 147 kilometres. In terms of functions, it allows you to choose the temperature before entering the four-wheeler. It only has an automatic gearbox. At ₹8.25 lakhs, this is probably the cheapest electric car in India.

  • Haima Bird Electric EV1

Haima's elegant, economical hatchback entered Indian dealerships in the year 2022. This tiny EV has a similar appearance to the WagonR. The infotainment system is all-digital with a big touchscreen, and there are two airbags in the safety kit. It features a 20.42kWh battery pack that delivers 120 kilometres/hour torque. The Haima Bird Electric EV1 is available in two ranges: 200km and 300km. However, only the former is offered in India for sale.

  • Tata Altroz EV

This sleek Tata Motors EV has a different front end as well as alloy wheels than the ordinary Altroz. The other aspects are nearly the same. It gets Tata's Ziptron powertrain, which was previously seen in the Nexon EV. It also boasts an IP67-rated, waterproof, and dust-proof battery pack that can go 300 kilometres on a single full charge. The new Altroz is only available with an electric engine and an automated transmission.

  • Tata EVision Electric

Tata Motors' beautiful EV Sedan is designed to compete with the Hyundai Elantra and Skoda Octavia. The Tata EVision Electric has two motors. One on each axle transforms the Sedan into an All-Wheel-Drive vehicle. The EV supports slow AC and rapid DC charging and has a range of 350-420 kilometres on a single charge. It'll also have a peak speed of 200 kilometres per hour. To top it off, it has analytics, cloud computing, and enhanced human-machine mapping. The gearbox is purely automatic.

  • Maruti Futuro-e

When discussing the best budget four-wheelers in India, Maruti Suzuki is a household brand. At the 2020 Auto Expo, they displayed their brand-new electric car idea, the Futuro-e. The fuel type is electric exclusively. However, unlike most of the vehicles on our list, it has a manual transmission.

  • Tata Nexon EV Max

The Nexon EV Max, the most recent addition to this list and a larger brother to the Nexon EV, provides what you want: better mileage and speed above the regular Nexon EV, which will continue to be available alongside the newer sibling. Tata Motors says that a 50kW DC fast charger takes 56 minutes to charge from 0 to 80 per cent.

  • MG ZS EV

After its recent upgrade, the MG ZS is more of a long-range EV, with a battery pack of 44.5 kWh and a stated range of 419 km. Previously, the automobile was said to have a 340-kilometre range. The electric SUV has a maximum power output of 143 horsepower and a torque output of 353 Nm. The ZS has the biggest cabin capacity and a long list of amenities, including inbuilt sim-based networking. A standard 15 A socket can charge a car from 0 to 80% in around 18 hours, while a DC fast charger can do the same in just 50 minutes. This fast-charging service is available at all MG dealerships across the country for ZS customers. Prices for the MG ZS start at ₹21 lakhs and go up to ₹24.6 lakhs (ex-showroom price).

Electric Car Models and Prices

Here is a table with the list of cheap and best electric cars in India.

Car Model Ex-Showroom Price* in New Delhi (₹)
Tata Tigor EV ₹12.49 lakhs
Mahindra eKUV100 ₹8.25 lakhs
Haima Bird Electric EV1 ₹10.00 lakhs
Tata Altroz EV ₹14.40 lakhs
Tata EVision Electric ₹25.00 lakhs
Maruti Futuro-e ₹15.00 lakhs
CTata Nexon EV Max ₹18.34 lakhs
MG ZS EV ₹22.58 lakhs

Wrapping Up

In the present EV market, Tata Tigor EV and Tata Nexon EV account for more than 70% sales. These are also the best budget electric cars in India. Taking advantage of the potential of EVs in the Indian four-wheeler industry, practically every four-wheeler manufacturer is likely to jump on board in the not-too-distant future. But only time will tell if Indians will get to see more low-budget electric cars in India.

Furthermore, the quick advancement of EV infrastructure, together with the government's enormous effort, should result in a huge EV landscape, removing the primary EV-related worries. This implies that in the next few years, there will be many more EV alternatives and EV charging stations. Nonetheless, if you are considering making a move to an EV, the list of EVs above will provide you with an idea of which EV to buy.

Also, make sure you purchase a Tata AIG four-wheeler insurance policy soon after purchasing your preferred car in order to be legally and financially protected. Contact us to learn more.

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