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Looking for Budget Friendly Car? Here're Top 5 Cars Under 5 Lakh 2024

Updated on April 11, 2024 , 57833 views

Have you been dreaming of getting a car? Then here’s something that will meet your budget easily. Middle-class car buyers can find some of the best cars that have better mileage, engine capacity, torque, etc. In case, if you don’t have a lump sum amount, then you can first start saving funds via a SIP to buy your desired car. SIP is one of the best ways to invest in Mutual Funds and fulfil your Financial goals. The best part about SIP is, you can start Investing with just Rs. 500! Isn’t it great!

But, first, let’s check the best cars under Rs. 5 lakh.

Budget Friendly Cars below Rs. 5,00,000

1. Maruti Suzuki Alto- Starts Rs. 3.25 Lakh

Maruti Suzuki Alto has a high demand in the Market because it is a perfect family car that comes right in your budget. The fuel Economy of the car is 31.49km per kg, it comes in two variants LXI and LXI S-CNG, which costs around Rs. 3.53 lakh to Rs. 4.33 lakh respectively.

Maruti Alto price Maruti Alto Colours

The power of ALto is 796cc, 3-cylinder engine which makes 47PS/69Nm of torque.

Good Features

  • Reverse Parking Sensor
  • Driver Airbag
  • Speed Alert
  • ABS

Maruti Suzuki Alto Variants & Price

Alto 800 comes in 8 variants with 6 colour options. The price of Alto 800 Petrol models ranges between Rs. 3.25 Lakh to Rs. 4.95 Lakh.

Variant Price
Alto 800 STD Rs. 3.25 Lakh
Alto 800 STD Opt Rs. 3.31 Lakh
Alto 800 LXI Rs. 3.94 Lakh
Alto 800 LXI Opt Rs. 4.00 Lakh
Alto 800 VXI Rs. 4.20 Lakh
Alto 800 VXI Plus Rs. 4.33 Lakh
Alto 800 LXI S-CNG Rs. 4.89 Lakh
Alto 800 LXI Opt S-CNG Rs. 4.95 Lakh

Maruti Suzuki Alto Price in Major Cities

Check the ex-showroom price of Alto in the major cities of India:

City Ex-Showroom Price
Noida Rs. 3.25 Lakh
Ghaziabad Rs. 3.25 Lakh
Gurgaon Rs. 3.25 Lakh
Faridabad Rs. 3.25 Lakh
Bahadurgarh Rs. 3.24 Lakh
Kundli Rs. 3.24 Lakh
Ballabhgarh Rs. 3.25 Lakh
Greater Noida Rs. 3.25 Lakh
Manesar Rs. 3.25 Lakh
Sohna Rs. 3.25 Lakh

2. Renault Kwid - Starts Rs. 4.24 Lakh

Renault Kwid is an SUV inspired styling, digital car which has an infotainment system. It is one of the best hatchback cars. Renault Kwid comes with two petrol engine options- the larger engine has AMT (Automatic Transmission System).

Renault Kwid Colours

The Renault has a sporty, trendy look, which comes with a climber edition with bolder colours. The Kwid has good space with the 270-litre boot and 0.8-litre petrol offers average performance.

Good Features

  • ABSDriver Airbag
  • Passenger Airbag
  • Power windows

Variants of Renault Kwid

KWID comes in 11 variants with 7 colour options. KWID automatic models starts from Rs. 5.09 Lakh and comes in 3 variants to choose among.

Pricing of the car variant are as follow:

Variant Price
Renault Kwid RXE Rs. 4.24 Lakh
Renault Kwid RXL Rs. 4.58 Lakh
Renault Kwid RXT Rs. 4.88 Lakh
Renault Kwid 1.0 RXL Rs. 4.69 Lakh
Renault Kwid 1.0 MT Opt Rs. 5.30 Lakh
Renault Kwid 1.0 RXT AMT Rs. 5.09 Lakh
Renault Kwid 1.0 RXT AMT Opt Rs. 5.59 Lakh
Renault Kwid limber 1.0 AMT Opt Rs. 5.70 Lakh

Renault Kwid Prices in Major Cities

Renault Kwid is a good budget car that comes under Rs. 5 lakh.

Check the ex-showroom prices of other states in India:

Cities Ex-Showroom Price
Sahibabad Rs. 4.24 Lakh
Noida Rs. 4.24 Lakh
Ghaziabad Rs. 4.24 Lakh
Gurgaon Rs. 4.24 Lakh
Faridabad Rs. 4.24 Lakh
Sohna Rs. 4.24 Lakh
Jhajjar Rs. 4.24 Lakh
Hapur Rs. 4.24 Lakh
Dharuhera Rs. 4.24 Lakh
Meerut Rs. 4.24 Lakh

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3. Maruti S-Presso - Starts Rs. 3.85 Lakh

Maruti Suzuki S- Presso is one of the highly anticipated mini car cross hatchback cars. The S-presso has its own styling elements with a round central console, speedometer and infotainment systems.

Maruti S-Presso Maruti S-presso colours

S- Presso is 3565mm long and 1520mm wide with a wheelbase of 2380mm long with BS6 complaint. It has a 1.0-litre engine with a 5-speed manual and AMT options. S-Presso has different variants and stands at 21.4kmpl.

Good Features

  • Power Steering
  • Power Windows
  • Child Locking
  • Driver Airbags
  • Adjustable Headlamps
  • Gear Shift Indicator

Maruti S- Presso Variants

The SUV look vehicle has a total of 6 variants from low end to top-end pricing starts from Rs. 3.71 lakh to Rs. 4.39 lakh.

Check the starting price of Maruti S-Presso variants:

Variants Price
Maruti S-Presso STD Rs. 3.85 Lakh
Maruti S-Presso STD Opt Rs. 3.91 Lakh
Maruti S-Presso LXI Rs. 4.29 Lakh
Maruti S-Presso LXI Opt Rs. 4.35 Lakh
Maruti S-Presso VXI Rs. 4.55 Lakh
Maruti S-Presso VXI Opt Rs. 4.61 Lakh
Maruti S-Presso LXI CNG Rs. 5.24 Lakh
Maruti S- Presso VXI AT Rs. 5.05 Lakh
Maruti S-Presso VXI Opt AT Rs. 5.11 Lakh
Maruti S-Presso VXI Plus AT Rs. 5.21 Lakh

Maruti S-Presso in Major Cities

Maruti S-Presso is for the SUV lovers on a low budget.

Look at the following ex-showroom price in other cities:

City Ex-Showroom Price
Noida Rs. 3.85 Lakh
Ghaziabad Rs. 3.85 Lakh
Gurgaon Rs. 3.85 Lakh
Faridabad Rs. 3.85 Lakh
Bahadurgarh Rs. 3.85 Lakh
Kundli Rs. 3.85 Lakh
Ballabhgarh Rs. 3.85 Lakh
Greater Noida Rs. 3.85 Lakh
Manesar Rs. 3.85 Lakh
Sohna Rs. 3.85 Lakh

4. Maruti Suzuki Eeco - Starts Rs. 4.53 Lakh

If you are looking for a spacious vehicle under a small budget, then Maruti Suzuki Eeco is a great option to go for. It is very popular among school vans and even ambulances. It offers 74PS power and 101Nm Torque with 5-speed manual gearbox.

Maruti Suzuki Eeco

Eeco offers 5 and 7 seater options to suit your needs.

Good Features

  • Wide interior space
  • Budget-friendly Price
  • Good for commute

Maruti Suzuki Eeco Features

Some of the main features offered by Maruti Suzuki Eeco are listed below:

Features Description
Engine 1196cc
Mileage 15kmpl to 21kmpl
Transmission Manual/Automatic
Power 61.7bhp@6000rpm
Gear Box 5 speed
Fuel Capacity 65 Litres
LengthWidthHeight 367514751825
Emission Norm Compliance BS VI
Fuel Type Petrol/CNG
Seating Capacity 5
Torque 85Nm@3000rpm
Boot Space 275

Maruti Suzuki Eeco Variant Pricing

Maruti Suzuki Eeco is available in four variants, such as:

Variant Ex-Showroom Price
Eeco 5 Seater STD Rs. 4.53 Lakh
Eeco 7 Seater STD Rs, 4.82 Lakh
Eeco 5 Seater AC Rs. 4.93 Lakh
Eeco CNG 5STR with AC HTR Rs. 5.88 Lakh

Maruti Suzuki Eeco Price in India

The price varies across the country. Some of the major ones are listed below:

City Ex-Showroom Price
Noida Rs. 4.53 Lakh
Ghaziabad Rs. 4.53 Lakh
Gurgaon Rs. 4.53 Lakh
Faridabad Rs. 4.53 Lakh
Bahadurgarh Rs. 4.53 Lakh
Kundli Rs. 4.53 Lakh
Ballabhgarh Rs. 4.53 Lakh
Greater Noida Rs. 4.53 Lakh
Manesar Rs. 4.53 Lakh
Sohna Rs. 4.53 Lakh

5. Datsun GO - Starts Rs. 4.02 Lakh

The new updated features makes Datsun Go quite an attractive option in the entry level hatchback segment. The new safety features includes dual airbags, ABS and EDB as standard and new Vehicle Dynamic Control (VDC) in the top two variants. It also has 7-inch touchscreen is segment leading.

Datsun Go

Powered by Japanese Engineering, the new Datsun GO comes with advanced technological features where you can get a truly automatic drive experience. Go has the best-in-class interiors giving rider more comfort and less fatigue!

Good Features

  • Peppy and efficient engine
  • New safety features
  • Great ride quality for a budget car

Datsun GO Features

Some of the main features offered by Datsun GO are listed below:

Features Description
Emission Norm Compliance BS VI
Mileage 19.59 Kmpl
Engine Displ. 1198 cc
Transmission Automatic
Fuel Type Petrol
Boot Space 265 Liters
Power Windows Front and Rear
Airbags Driver and Passenger
Central Locking Yes
Fog Lamps No

Datsun GO Variant Pricing

GO 2018 comes in 7 variants with 6 colour options. The GO price starts from Rs. 4.02 Lakh and goes up to Rs. 6.51 Lakh.

Variants Price
D Petrol Rs. 4.02 Lakh
A Petrol Rs. 4.99 Lakh
A Option Petrol Rs. 5.40 Lakh
T Rs. 5.75 Lakh
T Option Rs. 5.95 Lakh
T CVT Rs. 6.31 Lakh
T Option CVT Rs. 6.51 Lakh

Datsun GO Price in India

The price varies across the country. Some of the major ones are listed below:

City Ex-Showroom Price
Noida Rs. 4.02 Lakh
Ghaziabad Rs. 4.02 Lakh
Gurgaon Rs. 4.02 Lakh
Faridabad Rs. 4.02 Lakh
Kundli Rs. 5.94 Lakh
Greater Noida Rs. 3.32 Lakh
Modinagar Rs. 3.74 Lakh
Palwal Rs. 4.02 Lakh
Hapur Rs. 3.74 Lakh
Meerut Rs. 4.02 Lakh

Prices Source: Zigwheels

Speed-up your Savings to Ride your Dream Car

If you are planning to buy a car or planning to fulfil a certain goal, then a sip calculator will help you to calculate the amount you need to invest.

SIP calculator is a tool for investors to determine the expected return of the SIP investment. With the help of a SIP calculator, one can calculate the amount of investment and time period of investing requires to reach one's financial goal.

Know Your SIP Returns

My Monthly Investment:
Investment Tenure:
Expected Annual Returns:
Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579
Invest Now

Best SIP Funds for Goal-Investing

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
Nippon India Large Cap Fund Growth ₹79.6519
↓ -0.71
₹22,767 100
HDFC Top 100 Fund Growth ₹1,040.13
↓ -8.64
₹31,653 300 4.71937.623.515.830
ICICI Prudential Bluechip Fund Growth ₹96.45
↓ -1.02
₹51,554 100
BNP Paribas Large Cap Fund Growth ₹200.413
↓ -1.69
₹1,806 300 9.422.639.520.418.124.8
TATA Large Cap Fund Growth ₹454.624
↓ -3.64
₹1,968 150 5.218.93519.715.824.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 12 Apr 24

All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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