If you’re on the hunt for the cheapest electric cars in India, you are not alone. With rising fuel costs and growing concerns about pollution, it’s no wonder that the sales of electric cars are on the rise. However, the upfront cost of electric cars compared to petrol/diesel cars is still a barrier for many. So, what if there is someone to guide you through some of the budget-friendly electric cars in India?
Well, that’s where this article comes into play. Together we’ll explore some of the cheapest electric cars in the Indian market. But, we won’t stop there, we will also be addressing some of the common doubts in the minds of electric car buyers, such as:
Will EV be cheaper in India?
Small electric cars in India
2 seater electric cars in India
How much is the cheapest electric car in India?
So whether you’re a first-time buyer or simply curious about the most economical EVs in India, I beleive by the time you finish reading this piece, you’ll be in a better position to make an informed decision.
So why wait, Let’s start with the frequently asked questions that are on your mind.
Will EV be cheaper in India?
We must accept that the high cost of electric cars is the reason for their low popularity, especially in a price-conscious country like India. But the trend is changing, and it’s not just because of the rising social responsibility but also due to the decreasing cost of EVs.
Also, India has set an ambitious target of having 30% of all vehicles on the road be electric by 2030. The country is taking big steps towards achieving this target. According to reports, the average retail price gap between petrol and electric cars in India has reduced from 137% in 2020 to 73% in 2023.
This means an electric vehicle like the Ather 450X, which currently costs around Rs 1 lakh is expected to be priced at approximately Rs 80,000 or even less by 2030.
Small electric cars in India
Let’s look at some of the small electric cars available in the country
Strom R3 Electric car: This is the flagship model from the EV startup company Storm Motors. The EV comes with a :
Range of: 100-120 km
Battery capacity of 13 kWh.
Top speed of 80 km/h.
Price Range: Rs 4.5 lakhs
Mahindra e2o Plus Electric Hatchback: This is an affordable 4-seater electric vehicle from one of the Top SUV manufacturers in the country. It comes with a :
Riding range of 110 km
Battery capacity of Rs 10.08 kWh
Top speed of 80 km/h
Fast charging time: 90 minutes for 80% charge.
PMV Eas-E: This is the smallest electric car in India, featuring a 2-seater capacity. It’s the flagship model of the Mumbai-based EV startup PMV Electric and offers:
Battery capacity of Rs 10 kWh
Range of 160 km/full charge
Price range: 4.8 lakhs
Top speed of 70 km/h
With that being discussed now let’s move on to something we’ve all been eagerly waiting for :
Cheapest electric cars in India
So when we look at the average price of electric cars in India, it typically falls in the range of Rs 15 lakhs to 18 lakhs. With that perspective in mind, we will be discussing some of the cheap EV cars below 5 lakhs and 10 lakhs
Electric cars in India under 5 lakhs
Tata Nano Electric: Holding the title of the cheapest electric car in India, the Tata Nano EV is expected to hit the market in December 2023, with an anticipated ex-showroom price of Rs 4 – 5 lakhs.
Its specifications include:
Battery capacity of 17 kWh
Expected riding range of 170km/ full charge
Top speed: 80-120km/h
Strom R3 Electric car: It is the flagship model of the EV startup company Storm Motors, offered at an ex-showroom price of Rs 4.5 lakhs. The specifications include:
Range of 100-120 km
Battery capacity of 13 kWh.
Top speed of 80 km/h.
Mahindra Reva i: As India’s first micro-electric car was launched in 2002, the Mahindra Reva i originally came with an ex-showroom price of Rs 3.75 lakhs. Specifications of the EV include
Battery pack: Lead acid battery pack of 48V
Range: offers a driving range of 80 km/ full charge.
Explore more electric cars under 5 lakhs in the market
Electric cars in India under 10 lakhs
Mahindra E Verito: This 5-seater car has won the hearts of many in India.
The ex-showroom price ranges between 9.15 lakhs to 12.45 lakhs depending on the variant.
Battery capacity: 288ah lithium-ion batteries
Range: 110km/ full charge
Top speed: 85 km/h
MG Comet EV: It is a 4-seater vehicle from the MG family.
The MG Comet EV comes with an ex-showroom price ranging from 7.89 lakhs to 9.98 lakhs based on the variant you choose.
Battery capacity: 17.3 kWh
Driving Range: 230 km
Top speed: 80km/h
Tata Tiago EV: Currently one of the most successful electric cars in India.
The ex-showroom price starts at Rs 8.69 lakh for the base variant and can reach up to 12.04 lakh for the top-tier variant. Its notable features include:
Battery capacity: 24 kWh
Range: 310km/full charge
Top speed: 120km/h
Know more about the budget-friendly electric cars in India
2 seater electric cars in India
Toyota C+ pod: It could be a similar size as the Tata Nano ev, perhaps slightly smaller. It comes with a :
Riding range of 150 km
Battery capacity of 9.06 kWh
Top speed of 60 km/h.
PMV Eas-E: Another 2-seater electric car, the PMV Eas-E is the flagship model of the Mumbai-based EV startup PMV Electric, and it features:
Battery capacity of Rs 10 kWh
Range of 160 km/full charge
Price range: 4.8 lakhs
Top speed of 70 km/h
How much does the cheapest electric car cost in India?
The cheapest EV in India is Strom Motors R3 with an ex-showroom price of Rs 4.5 lakh.
Conclusion
I hope you got a better understanding of some of the most affordable electric cars in India, which can be a great help when looking for a budget-friendly option. We’ve explored various aspects, including 2 seaters and compact electric cars.
With the rise of electric cars like the Tata Nano EV, Storm R3, Mahindra E Verito, MG Comet EV, and Tata Tiago EV, there’s now a wide range of choices to fit various needs and budgets. These electric vehicles not only promise to reduce the carbon footprint but also offer the convenience of lower operating costs.
As the Indian government continues to promote greater EV adoption and as the price gap between EVs and traditional vehicles keeps shrinking, the dream of owning an electric car is becoming more attainable. Whether you’re looking for a small 2-seater or an EV for your family, there are different options available in the market. So, dont hesitate to explore this path towards a greener future