With the introduction of electric vehicles, the Indian automobile market is changing quickly (EVs). The need for these vehicles has increased due to the emphasis on environmental preservation and sustainability.
This increase is especially apparent in the market for inexpensive electric vehicles in India that cost less than 5 lakhs. Because it opens up access to electric automobiles for a larger group of consumers, this market sector is critical for the development of environmentally friendly transportation in India.
As of 2024, there are several excellent electric vehicle options available in India that are priced under 5 lakhs for individuals seeking a vehicle that meets their specific needs and financial restrictions.
1. Tata Nano Electric – 2.5 Lakh
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Tata’s Nano Electric, also known as Tata Neo was introduced in early 2023 by Tata. This car is expected to launch at 5 Lakhs. This car comes in two models one is of 48V and another one is 72V. This car has a battery capacity of 17kWh which gives a total of 24hp (Less than any car) but with the S mode, you can increase it to 27hp.
With a torque of 68nm, this car goes up to 80kph with 0 – 40 within 5.8 seconds, the claimed range of this car is 140 Km on a single charge. This car takes 7.5 hours to charge fully with a normal charger and about 75 minutes to charge fully with a fast charger.
The car will cost you 120Rs to charge fully which brings down the running cost to 1Rs/km and this would make the transition from a bike to a car much easier.
2. Strom Motors R3 – 4.5 Lakh
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The Strom Motors R3 is one of the least expensive electric vehicles in the market, costing about ₹4.5 lakh. a single charge can take this car up to 200 Km (60 km more than TATA Nano Electric).
This Made In India three-wheel car is one of the smallest cars in the world. This car comes in 2 and 3-seater options with a manual sunroof on the top. This car can charge from 0 to 100 within 3 hours using a 22kW AC charger.
This hatchback comes in three and two-seater options, You can buy any one depending on your needs. The car has 90nm of torque and 20hp with a battery capacity of 15kWh, which gives this car a running cost of 40 paise/km and a top speed of 80 kph.
An example of India’s competence in the electric car market is the Strom Motors R3. It offers performance, design, and innovation in a cost-effective package that is appropriate for the difficulties of urban transportation.
3. PMV EaS-E – 4.7 Lakh
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The PMV EaS-E is a microar manufactured and marketed by PMV Electric. EaS-E is a Fully Electric 2 Seater Smart Microcar. EaS-E is a step towards sustainable mobility and will provide a solution to the global climate change issue. EaS-E developed by an Indian Startup PMV Electric is Your Everyday Car, office & back, grocery shopping, and dropping kids to school, EaS-E’s got you covered.
This car has a 48 Volt Lithium Iron Phosphate Battery with Permanent Magnet Synchronous Motor, 13 HP Power, 50 Nm Torque, and 0-40 kmph in 5 seconds with a 70 kmph Top Speed and 160 km Range.
This car comes in 3 Variants: 120 km Range, 160 km Range, and 200 km Range. It has ten different color options starting from Passionate Red, White, Yellow, Orange, Beige, Green, Blue, Brown, Black, and Silver.
4. Vayve Mobility EVA – 5 Lakh
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The Vayve Mobility EVA is India’s first solar-powered car introduced by Vayve Mobility in the 2023 Auto-expo. This 3-seater hatchback has a claimed range of 250 Km, which is more than above cars in this list.
This car has 8.04bhp power along with 40nm of torque which gives this car a top speed of 70kmph and it can go 0 – 40 within 5 seconds. This car takes only 45 minutes to charge fully on a DC Charger and 4 Hours on a home charger.
This is a 2-door car that comes with a sunroof along with various connectivity and multimedia options. This car comes in six color options Sky Blue, Light Platinum, Moonstone White, Champagne Gold, Cherry Red, and Rose Coral.
5. Renault K ZE – 5 Lakh
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This car, a Renault Kwid electric version, is anticipated to cost between Rs 5 and Rs 6 lakh. It has a similar look to the Kwid, with blue highlights and an electric powertrain that can go 271 kilometers on a single charge.
This car has a 26.8kWh battery pack that requires 4 hours to charge via a 6.6kWh AC charging source. The City K-ZE supports DC rapid charging as well, which can charge batteries from 30% to 80% in about 30 minutes.
The version supplied in China has an electric motor mounted on the front axle with a maximum power output of 44PS and a peak torque of 125Nm. It is anticipated that the Kwid EV will be available in India by 2025.
Conclusion
Depending on your utility and budget there are several car in India that comes under 5 Lakh. Some of them are already available in the market, and some of them have yet to be launched. You can buy any of them but for us, it’s Vayve Mobility Eva. As India progresses towards ecological sustainability, these electric vehicles represent more than just an alternative; they are the forerunners of a new chapter in mobility.