Electric vehicles (EVs) are gaining popularity in India as fuel prices rise, people become more climate-conscious, and the government offers incentives for clean energy. Although most EVs available in the Indian market are still quite pricey, there is a visible trend towards electric mobility becoming affordable for the masses.
In recent years, several companies have introduced electric cars either priced under ₹5 lakhs or very close to this mark. These budget EVs are typically compact, ideal for city commuting, and offer impressive features for their price.
This article explores seven electric cars that are priced under or around ₹5 lakhs in India. We’ll cover their specifications, unique features, and overall value to help consumers make an informed decision.
1. Strom Motors R3
The Strom Motors R3 is one of the most talked-about electric cars under ₹5 lakhs. Designed by Mumbai-based Strom Motors, this futuristic-looking three-wheeler EV is perfect for urban travel. Priced at around ₹4.5 lakhs (ex-showroom), the R3 is equipped with a 6 kWh lithium-ion battery that gives a range of up to 200 km on a single charge. The top speed is about 80 km/h, which is adequate for city conditions.
It is equipped with contemporary features like a 7-inch touchscreen infotainment system, GPS navigation, keyless entry, and climate control. With a two-seater capacity and tiny boot space, it’s a convenient car for single commuters or couples in metro cities.
2. PMV EaS-E
The PMV EaS-E is yet another budget-friendly electric car available from Mumbai-based PMV Electric. This tiny electric car falls under the microcar category, and its starting price is around ₹4.79 lakhs. It may be tiny, but it is a powerhouse with a 48V lithium-ion battery that claims a range of up to 200 km.
The EaS-E is perfect for short-distance daily use in densely populated urban areas. It features two doors, two seats, a digital instrument panel, regenerative braking, and remote keyless entry. The vehicle accelerates from 0 to 40 km/h in under 5 seconds.
3. Tata Nano EV (Jayem Neo)
The Tata Nano EV is an electric variant of the legendary Tata Nano. It has been developed in association with Jayem Automotives and is referred to as the Jayem Neo. It is likely to be priced at approximately ₹4 lakhs. Although it has not been launched for the mass market officially yet, it is being tested for fleet use.
The Nano EV will reportedly come with a 48V battery that will have a maximum driving range of 170 km. It will keep the original Nano’s small body but with electric powertrain refinements. Basic safety equipment such as airbags and ABS might be added in some versions, as well as infotainment improvements. This might just revolutionize the adoption of EVs at low prices once made available to the public.
4. Mahindra Reva i
The Mahindra Reva i was among the first electric vehicles in India. Though it’s no longer on sale, you can still spot second-hand models available for sale for less than ₹3.5 lakhs. The two-seater hatchback was intended for urban drives and came equipped with a simple 48V lead-acid battery with a mileage of about 80 km.
The Reva i boasts a minimalist design, tight turning circle, and low upkeep. Though old-fashioned by today’s standards, it remains a strong contender for consumers seeking a second-hand, affordable EV.
5. Tata Tiago EV (Base Variant – Approximate)
While the majority of the variants of the Tata Tiago EV are placed higher than ₹7 lakhs, it is rumored that Tata might consider bringing an ultra-budget base model below ₹5.5 lakhs for fleet customers or urban-based users. The existing base model is marginally over ₹5 lakhs but is still worth mentioning for its reliability and specifications.
The Tiago EV has a range of 250-315 km based on the battery pack, is equipped with fast-charging, and has premium offerings such as a touchscreen infotainment system, automatic climate control, and dual airbags. Although the official price is a tad over ₹5 lakhs, it’s a high contender in the mass-market EV segment.
6. MG Comet EV (Expected Lower Variant)
MG Motor India launched the Comet EV, which is aimed at city users who want a small car with a technology-driven design. Although the existing variants begin at ₹6.99 lakhs, market sources indicate that MG can think of launching a more stripped-down version near the ₹5.5 lakh price point.
The MG Comet EV has a range of approximately 200-230 km, is equipped with connected car features, dual-screen infotainment, and smart driving assistance. It’s one of the smallest four-wheelers in the country but has a surprisingly spacious cabin for city driving.
7. Yakuza Karishma E-Car
The Yakuza Karishma is a budget electric four-wheeler selling well under ₹5 lakhs, about ₹3.8 lakhs ex-showroom. It is equipped with a lead-acid battery and a maximum range of 60-80 km per charge, perfect for short local driving or small-town usage.
Although less sophisticated than mainstream brand EVs, the Yakuza Karishma is aimed at customers in Tier-2 and Tier-3 cities. With limited speed and range, it can be applied for particular low-speed areas such as campuses, residential complexes, and rural highways.
Electric vehicles below ₹5 lakhs in India are filling the gap between sustainable mobility and affordability. Though most mass-market electric vehicles continue to be over this price, companies such as Strom Motors, PMV Electric, and upcoming players such as Yakuza are making concerted efforts to tap the budget segment. Some existing players such as Tata and MG are also contemplating more affordable versions in the near term.
These cars are primarily meant for city drives, featuring practicality and eco-friendly performance. With increased government support, improved battery life, and improving demand, India’s future looks bright for economical electric vehicles.
As is usual, the potential buyer may verify the newest specs and in-road prices through official channels or dealerships prior to purchase.