Top 5 Budget Friendly Cars Under Rs. 5 lakh 2022 | Fincash (2022)

Updated on November 14, 2022 , 39563 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.

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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.

VariantPrice
Alto 800 STDRs. 3.25 Lakh
Alto 800 STD OptRs. 3.31 Lakh
Alto 800 LXIRs. 3.94 Lakh
Alto 800 LXI OptRs. 4.00 Lakh
Alto 800 VXIRs. 4.20 Lakh
Alto 800 VXI PlusRs. 4.33 Lakh
Alto 800 LXI S-CNGRs. 4.89 Lakh
Alto 800 LXI Opt S-CNGRs. 4.95 Lakh

Maruti Suzuki Alto Price in Major Cities

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

CityEx-Showroom Price
NoidaRs. 3.25 Lakh
GhaziabadRs. 3.25 Lakh
GurgaonRs. 3.25 Lakh
FaridabadRs. 3.25 Lakh
BahadurgarhRs. 3.24 Lakh
KundliRs. 3.24 Lakh
BallabhgarhRs. 3.25 Lakh
Greater NoidaRs. 3.25 Lakh
ManesarRs. 3.25 Lakh
SohnaRs. 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).

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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.

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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:

VariantPrice
Renault Kwid RXERs. 4.24 Lakh
Renault Kwid RXLRs. 4.58 Lakh
Renault Kwid RXTRs. 4.88 Lakh
Renault Kwid 1.0 RXLRs. 4.69 Lakh
Renault Kwid 1.0 MT OptRs. 5.30 Lakh
Renault Kwid 1.0 RXT AMTRs. 5.09 Lakh
Renault Kwid 1.0 RXT AMT OptRs. 5.59 Lakh
Renault Kwid limber 1.0 AMT OptRs. 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:

CitiesEx-Showroom Price
SahibabadRs. 4.24 Lakh
NoidaRs. 4.24 Lakh
GhaziabadRs. 4.24 Lakh
GurgaonRs. 4.24 Lakh
FaridabadRs. 4.24 Lakh
SohnaRs. 4.24 Lakh
JhajjarRs. 4.24 Lakh
HapurRs. 4.24 Lakh
DharuheraRs. 4.24 Lakh
MeerutRs. 4.24 Lakh

Get More Updates!

Talk to our investment specialist

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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.

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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:

VariantsPrice
Maruti S-Presso STDRs. 3.85 Lakh
Maruti S-Presso STD OptRs. 3.91 Lakh
Maruti S-Presso LXIRs. 4.29 Lakh
Maruti S-Presso LXI OptRs. 4.35 Lakh
Maruti S-Presso VXIRs. 4.55 Lakh
Maruti S-Presso VXI OptRs. 4.61 Lakh
Maruti S-Presso LXI CNGRs. 5.24 Lakh
Maruti S- Presso VXI ATRs. 5.05 Lakh
Maruti S-Presso VXI Opt ATRs. 5.11 Lakh
Maruti S-Presso VXI Plus ATRs. 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:

CityEx-Showroom Price
NoidaRs. 3.85 Lakh
GhaziabadRs. 3.85 Lakh
GurgaonRs. 3.85 Lakh
FaridabadRs. 3.85 Lakh
BahadurgarhRs. 3.85 Lakh
KundliRs. 3.85 Lakh
BallabhgarhRs. 3.85 Lakh
Greater NoidaRs. 3.85 Lakh
ManesarRs. 3.85 Lakh
SohnaRs. 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.

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

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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:

FeaturesDescription
Engine1196cc
Mileage15kmpl to 21kmpl
TransmissionManual/Automatic
Power61.7bhp@6000rpm
Gear Box5 speed
Fuel Capacity65 Litres
LengthWidthHeight367514751825
Emission Norm ComplianceBS VI
Fuel TypePetrol/CNG
Seating Capacity5
Torque85Nm@3000rpm
Boot Space275

Maruti Suzuki Eeco Variant Pricing

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

VariantEx-Showroom Price
Eeco 5 Seater STDRs. 4.53 Lakh
Eeco 7 Seater STDRs, 4.82 Lakh
Eeco 5 Seater ACRs. 4.93 Lakh
Eeco CNG 5STR with AC HTRRs. 5.88 Lakh

Maruti Suzuki Eeco Price in India

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

CityEx-Showroom Price
NoidaRs. 4.53 Lakh
GhaziabadRs. 4.53 Lakh
GurgaonRs. 4.53 Lakh
FaridabadRs. 4.53 Lakh
BahadurgarhRs. 4.53 Lakh
KundliRs. 4.53 Lakh
BallabhgarhRs. 4.53 Lakh
Greater NoidaRs. 4.53 Lakh
ManesarRs. 4.53 Lakh
SohnaRs. 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.

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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:

FeaturesDescription
Emission Norm ComplianceBS VI
Mileage19.59 Kmpl
Engine Displ.1198 cc
TransmissionAutomatic
Fuel TypePetrol
Boot Space265 Liters
Power WindowsFront and Rear
AirbagsDriver and Passenger
ABSYes
Central LockingYes
Fog LampsNo

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.

VariantsPrice
D PetrolRs. 4.02 Lakh
A PetrolRs. 4.99 Lakh
A Option PetrolRs. 5.40 Lakh
TRs. 5.75 Lakh
T OptionRs. 5.95 Lakh
T CVTRs. 6.31 Lakh
T Option CVTRs. 6.51 Lakh

Datsun GO Price in India

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

CityEx-Showroom Price
NoidaRs. 4.02 Lakh
GhaziabadRs. 4.02 Lakh
GurgaonRs. 4.02 Lakh
FaridabadRs. 4.02 Lakh
KundliRs. 5.94 Lakh
Greater NoidaRs. 3.32 Lakh
ModinagarRs. 3.74 Lakh
PalwalRs. 4.02 Lakh
HapurRs. 3.74 Lakh
MeerutRs. 4.02 Lakh

Prices Source: Zigwheels

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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.

Best SIP Funds for Goal-Investing

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2021 (%)
ICICI Prudential Bluechip Fund Growth ₹70.22
₹32,810 100 3.816.9417.312.229.2
Nippon India Large Cap Fund Growth ₹55.8564
↓ -0.08
₹11,951 100 420.57.717.211.732.4
Canara Robeco Bluechip Equity Fund Growth ₹42.59
↓ -0.03
₹7,988 1,000 2.615.2-1.116.814.224.5
Kotak Bluechip Fund Growth ₹386.685
↓ -0.47
₹4,934 100 1.515.3-1.116.212.227.7
SBI Bluechip Fund Growth ₹64.4688
↓ -0.06
₹33,022 500 316.51.316.111.526.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Nov 22
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FAQs

What car should I buy in 2022 in India? ›

Top 10 Popular Cars in 2022
ModelPrice
Toyota Innova CrystaRs. 18.09 Lakh
Hyundai CretaRs. 10.44 Lakh
Maruti Suzuki SwiftRs. 5.91 Lakh
Tata PunchRs. 5.99 Lakh
6 more rows

Which is the cheapest car in India in 2022? ›

Which car is best for family 2022 India? ›

Which car is best for daily use? ›

Best Daily Commuter Cars in India
  • Maruti Suzuki. Dzire. ...
  • Renault. Kiger. ...
  • Maruti Suzuki. Ignis. Starts at ₹ 5.35 Lakh. ...
  • City. Starts at ₹ 11.29 Lakh. EMI - ₹ 23,432 pm. ...
  • Tata. Tiago. Starts at ₹ 5.40 Lakh. ...
  • Renault. Kwid. Starts at ₹ 4.62 Lakh. ...
  • Maruti Suzuki. Starts at ₹ 4.25 Lakh. EMI - ₹ 8,822 pm. ...
  • Tata. Tigor. Starts at ₹ 6.00 Lakh.

What is a good car budget? ›

In general, experts recommend spending 10%–15% of your income on transportation, including car payment, insurance, and fuel. For example, if your take-home pay is $4,000 per month, then you should spend $400 to $600 on transportation. To be sure, that range is simply for guidance.

Which car is best for low price? ›

List of Best Low Budget Cars in India
Car NameEx-Showroom Price*On-Road Price*
Datsun Redi GO₹3.97 Lakh₹4.43 - ₹5.50 Lakh
Renault Kwid₹4.24 Lakh₹4.75 - ₹6.42 Lakh
Maruti Alto₹3.25 Lakh₹3.64 - ₹5.49 Lakh
Maruti S Presso₹3.85 Lakh₹4.29 - ₹6.16 Lakh
7 more rows

Is 2022 good year to buy a car? ›

While soaring used car prices are bad for those who can't afford a new car, they may mean 2022 is a good time to buy a car for those with a vehicle to trade in. A high trade-in price means added capital that can help reduce the finance share of purchasing a new car.

Which is the No 1 Family Car in India? ›

Which are the most popular Family Cars in India? The most popular family cars in India are Maruti Brezza, Tata Nexon, Mahindra XUV700, Toyota Innova Crysta, and Kia Carens.

Which car is best for upper class family? ›

Best Cars for Upper middle class Family in India in Range 5 to 12 Lakh
upper Middle class CarsPrice ( 5 to 12 Lakh )
Tata AltrozRs 5.69 Lakh – Rs 9.46 Lakh
Maruti Suzuki DzireRs 5.98 Lakh – Rs 9.02 Lakh
Maruti Suzuki BalenoRs 5.89 Lakh – Rs 9.30 Lakh
Maruti Vitara BrezzaRs 7.51 Lakh – Rs 11.41 Lakh
6 more rows
7 Nov 2020

Which car is best for parents? ›

7 Easy-to-drive Cars For Elderly Parents And Senior Citizens
  1. Hyundai Grand i10. Rs4.98 - 7.59 Lakh* ...
  2. Maruti Ignis. Rs5.35 - 7.72 Lakh* ...
  3. Ford Figo. Rs5.00 - 8.37 Lakh* ...
  4. Tata Tiago 2019-2020. Rs4.55 - 6.97 Lakh* ...
  5. Maruti Baleno 2015-2022. Rs5.90 - 9.66 Lakh* ...
  6. Hyundai Venue 2019-2022. Rs6.55 - 11.88 Lakh* ...
  7. Ford Ecosport 2015-2021.
10 Sept 2019

Which car has highest life in India? ›

Here's what GTO had to say on the matter: In terms of durability - whether India or abroad - nothing touches a Toyota body-on-frame diesel UV. Think Qualis, Innova, Prado, Landcruiser and the like. These are indestructible machines and kept well, will easily cross 500,000 km.

Which car brand has no problems? ›

Toyota earns the top spot as the best automaker for dependability. Toyota vehicles are known for their longevity, and they are proven to last longer than any other brand. Toyotas are built so well they have below-average maintenance and repair costs, which helps contribute to why they remain on the road for so long.

What is the most problem free car? ›

What are the most reliable car brands?
  • Lexus. This brand stays at the top, year after year. ...
  • Toyota. Many Toyota models are among the most popular cars worldwide because they are affordable, dependable, and easy to maintain.
  • Mazda. ...
  • Kia. ...
  • Honda. ...
  • Buick. ...
  • Hyundai.
14 Jun 2022

Which car is best for long mileage? ›

The most popular Top Mileage Cars include BMW 7 Series (39 kmpl), Volvo XC90 (36 kmpl) and Toyota Urban Cruiser Hyryder (27 kmpl). The top manufacturers that produce best mileage cars are BMW, Volvo, Toyota, Maruti Suzuki, Honda.

Which car is best for 100 km daily? ›

You should go for a sedan car because the are best in comfort. If you have low budget then go for honda amaze diesel and if you can spent some more then go for verna diesel it is best. But don't go for a petrol car. Tiago Diesel or Ford Figo Diesel versions are good safety-wise.

Which car is high maintenance? ›

According to the most recent data, BMW tops the list as the most expensive car brand to maintain, followed by Mercedes-Benz, based on estimates of total car maintenance over 10 years.

What is the best car for 2022? ›

Overall winner: Kia EV6

Choose any of our 2022 award winners and you'll be getting an absolutely fantastic car that's better than all of its direct rivals. However, the overall Car of the Year award is reserved for the model that has moved things on the farthest in the past 12 months. And this year, that's the Kia EV6.

Which brand car is best in 2022? ›

While India's largest carmaker, Maruti Suzuki, leads the race, Hyundai Motor India came at a distant second closely followed by Tata Motors. Mahindra and Kia bagged fourth and fifth positions respectively. Maruti Suzuki sold 1,34,166 units in the domestic market in August 2022, registering a 30 per cent YoY growth.

Which car is best for family of 5? ›

Top 10 5-Seater Cars

The prices for the top 5 popular 5 seater cars are:BYD Atto 3 Price is ₹ 33.90 Lakh, Hyundai Venue Price is ₹ 7.53 Lakh, Mahindra XUV700 Price is ₹ 13.45 Lakh, Maruti Suzuki Grand Vitara Price is ₹ 10.45 Lakh and Maruti Suzuki Swift Price is ₹ 5.91 Lakh.

Which car is best for 4 members? ›

Top 10 4-Seater Cars

The prices for the top 5 popular 4 seater cars are:Mahindra Thar Price is ₹ 13.58 Lakh, Maruti Suzuki Alto 800 Price is ₹ 5.02 Lakh, MINI Cooper Price is ₹ 40.00 Lakh, Force Motors Gurkha Price is ₹ 14.75 Lakh and Nissan GT-R Price is ₹ 2.12 Crore.

What is the cheapest best car to buy in 2022? ›

10 Cheapest New Cars for 2022
  • Nissan Sentra – $20,635. View Photos. Nissan. ...
  • Kia Soul – $20,505. VIEW PHOTOS. ...
  • Hyundai Venue – $20,245. VIEW PHOTOS. ...
  • Kia Forte – $20,115. VIEW PHOTOS. ...
  • Subaru Impreza – $19,790. VIEW PHOTOS. ...
  • Hyundai Accent – $17,690. VIEW PHOTOS. ...
  • Kia Rio – $17,275. VIEW PHOTOS. ...
  • Nissan Versa – $16,205. VIEW PHOTOS.
26 Feb 2022

Which is the best car brand? ›

Best car manufacturers 2022
  1. Porsche – 90.74% Key points: Classic Porsche strong points make a great showing here, with top ratings for exterior, ride and handling, reliability and infotainment. ...
  2. Tesla – 90.50% ...
  3. Kia – 90.40% ...
  4. Peugeot – 89.28% ...
  5. Honda – 88.94% ...
  6. Jaguar – 88.90% ...
  7. Mazda – 88.89% ...
  8. Volvo – 88.35%
29 Jun 2022

What is the number one selling car? ›

2021 U.S. Auto Sales By Brand: Toyota/Lexus Outsell GM
2021 New Car Sales by Brand
1Toyota+10.3%
2Ford-6.5%
3Chevrolet-17.7%
4Honda+8.2%
43 more rows
6 Jan 2022

Is a good time to buy a car? ›

In terms of the best time of the year, October, November and December are safe bets. Car dealerships have sales quotas, which typically break down into yearly, quarterly and monthly sales goals. All three goals begin to come together late in the year.

Which car sells most in India? ›

Maruti Suzuki Alto is back in the game as it emerged as the bestselling model in the country in September 2022. The Indian automaker sold 24,844 units of the Alto hatchback last month compared to 12,143 unit sales in September 2021, thereby registering a strong growth of 105 per cent.

Which car sold most in 2022 in India? ›

The top 10 cars sold in September 2022
  • Maruti Alto - 24,844.
  • Maruti WagonR - 20,078.
  • Maruti Baleno - 19,369.
  • Maruti Brezza - 15445.
  • Tata Nexon - 14,518.
  • Hyundai Creta - 12,866.
  • Maruti Eeco - 12.697.
  • Tata Punch - 12,251.
13 Oct 2022

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