Here’s A List of Best Cars Under 5 Lakhs in India

Posted on: Apr 26, 2023 | | Written by:

Here’s A List of Best Cars Under 5 Lakhs in India

Published on April 26, 2023. EST READ TIME: 4 minutes

The automobile industry in India has flourished quite magnificently over the past few years. As a result, we have some excellent cars and models available in India. These cars are available in various price ranges and are generally suitable for people from all walks of life. Among the most popular ones are cars under 5 lakhs. These cars are affordable and give the average Indian the opportunity to become a proud vehicle owner. If you are looking to get a good vehicle for yourself and your family this year, consider getting a small and affordable vehicle. Read this article to know more.

List of the Best Cars under Rs 5 lakhs

If you are looking to get the perfect car within a budget of Rs 5 lakhs, we have a great list for you to choose from:

1. Maruti Alto

A successor to India’s most popular vehicle, the vintage Maruti 800, the Alto is a car that deserves the highest position on this list! The car is fitted with a 796cc engine and a 177-litre boot. This. It is large enough to fit five passengers. It offers an impressive mileage of 22 km and is available in both petrol, as well as CNG variants. Priced at just under Rs 3 lakhs, this is the ideal budget car for Indian families.

2. Renault Kwid

Next on the list, we have the powerful and stylish Renault Kwid. It has a 5-speed transmission system and offers a mileage of around 23 km. The car can comfortably fit five people and is very good for both short as well as long-distance travel. It is priced at Rs 3.18 lakhs and is definitely worth checking out when you explore the best cars under 5 lakhs. It is available in some very unique colours, and this gives you the opportunity to own a stylish vehicle.

3. Maruti S-Presso

The Maruti S-Presso is one of the most impressive vehicles in this category. It has the latest technology and features, including a wonderful 5-speed manual gearbox. This is also one of the few models in this category that offer an automatic option available in the VXi variants. The Maruti S-Presso is currently priced at Rs 3.78 lakhs and is ideal for a family of five or fewer.

4. Tata Tiago

When it comes to motor vehicles in India, how can one leave out the models from Tata Motors? This is why the very special and popular Tata Tiago makes a grand entry to this list. This very powerful and strong car has 84.48 bhp of power and 113 Nm of torque. It has some of the most impressive features, such as power windows across the vehicle, a 1199cc engine, and an automatic variant. The car is priced at Rs 4.85 lakhs and can fit five passengers.

5. Maruti Wagon R

And last but certainly not least, we have the legendary Maruti Wagon R. This is another car that has been around for decades and has always been very popular among Indians. The latest models of the Wagon R have some very impressive features, such as the three-cylinder 1.0-litre petrol engine and power windows. The car looks very stylish and has a selling price of Rs 4.8 lakhs.

These are some of the best and most impressive cars that are available on a budget of Rs 5 lakhs.

Importance of Getting Car Insurance

It is very important for you to have car insurance. Here are a few ways in which a car insurance policycan help:

1. Third-party coverage

As a vehicle owner, you are obligated to get car insurance in India as soon as you buy a car. This holds true for new, as well as pre-used cars. This is, however, just the third party car insurancecover. It is basic coverage that offers protection from all third-party liabilities. A standard third-party policy is inexpensive but very important to have. Third-party damages can be very high, and if you have to pay them out of your own pocket, you will encounter an enormous financial liability. Also, such a plan keeps you safe legally. So invest in a good third-party car insurance policy right away.

2. Comprehensive coverage

While a third-party cover is essential, it is very important for you to remember that such a cover doesn't offer any protection to your own vehicle. So, when you buy a new car by investing a large sum of money of around Rs 5 lakhs, you need the correct type of protection too. Get a comprehensive car insurance policy and keep your precious vehicle covered. These plans also include third-party covers and hence, act as a one-stop solution for all your vehicle insurance needs.

3. Easy and quick process

Getting a car insurance policy is very easy these days. All you have to do is go online, compare, browse through the options, and find the most affordable cover. You don't have to approach any insurance broker or wait in long queues. The process is super simple and convenient, making it extremely easy for you to have car insurance.

4. Many options

Just as the motor industry in India is flourishing, the motor insurance sector is blooming too! As a result, you have some of the best general insurance companies offering some of the most practically designed vehicle insurance covers. These plans are comprehensive as well as economical, and that makes them highly suitable for your needs. Explore your options and find the best car insurance policy in a quick and hassle-free manner.

5. Add-on covers

Add-on covers are extra car insurance covers that you can get at an extra cost. You can get these attached to your comprehensive car insurance plan. The common car insurance riders include the zero depreciation cover and the engine protection rider. See what options you have and choose the handiest riders to make your comprehensive plan tailor-made for your requirements.

6. Available online

And finally, car insurance covers are easily found online. Not only does this help you save your time and effort, but it also helps you to make monetary savings. Online plans are considerably cheaper than offline plans. This is mainly because you save on brokerage. Also, the administrative and processing fees are lower, so you save some extra money.

As you can see, having a car insurance plan really helps. And since these policies are so affordable and easily available, cover your new car with a good plan and get a lot of mental peace.

Conclusion

If you are looking to buy a new vehicle, do check out the cars under 5 lakhs. Thankfully, there are many models to choose from. Once you buy the car, select a good motor insurance plan and keep the vehicle and yourself covered in the best and most comprehensive manner.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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