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Best Electric Cars in India under 5 lakhs in 2023 – Price & Features

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There is an ongoing wave of the electric vehicle revolution in the Indian Automotive sector, evidenced by the exponential rise in the sales of electric cars in FY2022-2023. To meet the increased demand for affordable electric cars in India, manufacturers have launched several electric cars in India under 5 lakhs segment.

Because of the friendly GOI policies and subsidies, EV manufacturers have lined up many new upcoming electric cars in India under 5 lakhs segment, ready to be launched by the end of 2023.

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In this article, we have listed the currently available and upcoming electric cars in India under 5 lakhs along with an electric car buying guide.

Here’s a list of electric cars in India under 5 lakhs:

Click over any electric car model to see its detailed specification.

ModelPriceBatteryRange
Strom Motors R3Rs 4.5 lakh6kWh200km
PMV EaS ERs 4.79 lakh48V200km
Tata Nano EVRs 4 lakh17kWh170km
Renault K ZERs 6 lakh26.8kWh350km
Mahindra Reva iRs 3.76 lakh48V80km
Electric cars in India under 5 lakhs

Electric Cars in India under 5 Lakhs

Strom Motors R3

Image of strom motors R3 electric cars in India under 5 lakhs
Strom motors R3 electric car in India under 5 lakhs
Key SpecificationsMetrics
PriceRs 4.5 lakh
Battery6kWh
Range200 km
Power20.4 PS

Strom Motors R3 is one of the most talked about electric hatchback that is made in India and made for short urban rides The Strom Motors R3 is a personal mobility vehicle with two doors, fits two people, and has a cute boxy design. It comes in four color options: Red, White, Blue, and Silver.

Strom R3 latest update: Strom Motors has opened the booking window for the 2023 session.

Features and specifications

Strom R3 gets several fun amenities such as a 7-inch central infotainment screen, Auto climate control, an Anti-theft GPS tracking system, voice commands, and a keyless entry feature.

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Specs-wise, the Strom R3 gets a 15kW motor that generates power of 20.4PS and a torque of 90Nm offering a top speed of 80kmph.

Battery and Range

The Strom R3 comes with a battery pack of 6kWh that delivers a driving range of 200km on a full charge.

Strom R3 electric car lacks fast charging. However, it gets fully charged in 3 hours using a 22kW AC charger.

Price

The Strom R3 electric car is priced at Rs 4.5 lakh (ex-showroom) in India.

ALSO: Upcoming electric cars in India

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PMV EaS E

Image of red PMV EaS E electric car in India under 5 lakh
PMV EaS E electric car in India under 5 lakh
Key SpecificationsMetrics
PriceRs 4.79 lakh
Battery48V
Range140 km
Power13.5 PS

PMV EaS E is the most popular and affordable two-door micro-electric car in India. It is manufactured by the Indian Startup PMV Electric to address the issue of growing environmental problems and the affordability of electric cars in India. PMV EasE is a practical electric car for the daily urban commute.

Surprisingly, PMV has rolled out the micro electric car with state-of-the-art safety features like dual airbags at the front, rear parking camera, and Anti-theft sensors.

Features and Specifications

The PMV EaS E electric car is loaded with several power-packed features like Auto AC, Digital Driver’s display, Bluetooth infotainment screen, remote door lock/unlock, and power windows.

Specs-wise, The EaS E is built on PMV’s electric power train with a single motor that generates a maximum power of 13.6 PS and a torque of 50Nm. The torque is instant and gives a thrilling experience for first-time EV owners.

Battery and Range

The PMV EaS E comes with a 48V battery pack that delivers a driving range of 200 km on a full charge. It lacks fast charging and gets charged using a 3.3kW Ac charger in 4.5 hours.

Price

The PMV EaS E electric is priced at Rs 4.79 lakh(ex-showroom) in India. It falls under the most affordable electric car segment in India.

Tata Nano Electric

Image of grey Tata Nano EV upcoming electric car in India under 5 lakhs
Tata Nano EV upcoming electric car in India under 5 lakhs
Key SpecificationsMetrics
PriceRs 4 lakh
Battery17kWh
Range170 km
Power24 HP

Tata Motors is set to launch the most anticipated electric car in India- the Tata Nano EV. Tata Nano EV is the cheapest electric car in India under 5 lakhs segment that combines practicality and comfort to bring forward a versatile electric car for the Indian market.

Nano EV was initially made for Ola’s electric fleet in 2020, but now it is available for everyone. When launched, it is expected to rival the MG Air EV. In terms of safety, Tata Nano EV includes dua; front airbags, parking sensors, and Automatic Braking Systems

Features and specifications

Tata Nano EV shares a similar exterior design with its ICE variant. However, Nano EV’s interior boasts a 7-inch touchscreen display, a digital instrument cluster, USB ports, and ambient lights.

Specs-wise the Nano EV is based on the X3 platform to support the electric powertrain. It has a 72V induction motor that produces a max power of 24HP and a torque of 85 Nm.

Battery and Range

Tata Nano EV is expected to get a battery pack of 17kWh that delivers a range of 170 km on a full charge.

It lacks fast charging capabilities and gets charged from 0-80 percent in 4 hours using an AC charger.

Price

The Tata Nano EV will be launched at a price of Rs 4 Lakh(ex-showroom) in India.

Renault K ZE

Image of Renault K ZE electric car in India
Renault K ZE electric car in India
Key SpecificationsMetrics
PriceRs 6 lakh
Battery26kWh
Range350km
Power45 PS

Renault is set to introduce the fully automatic electric hatchback, Renault K ZE EV in India by 2023. Renault is known for its mass-market affordable cars in India. To meet the increased demand for affordable electric cars in India, Renault is likely to introduce a lineup of the cheapest electric cars in India under Rs 6 lakhs.

The Renault K ZE EV is often mistaken for Renault Kwid EV as it resembles the popular ICE Renault Kwid. It delivers excellent performance for city commutes and daily travel.

Features and specifications

The Renault K ZE is loaded with several power-packed features such as auto AC, connected car technology, Apple CarPlay, Android Auto, sensors for air quality and climate, and a 360-degree camera connected to the 8-inch central touchscreen display.

The Renault K ZE comes in a dual motor setup that generates maximum power of 45PS and a torque of 125 Nm.

Battery and Range

The K ZE electric car gets a battery pack of 26.8kWh, delivering a range of 350km on a single charge.

Price

The Renault K ZE is priced at Rs. 6 lakh (ex-showroom) in India

Mahindra Reva i

Image of Mahindra Reva R1 electric car in India under 10 lakhs
Mahindra Reva R1 electric car in India under 10 lakhs
Key SpecificationsMetrics
PriceRs 3.76 lakh
Battery48V
Range80 km
Power17.4 HP

Mahindra Reva is India’s first micro-electric car, launched way back in 2002. It is power packed with hi-tech features and safety ratings. Though the model has been discontinued by the manufacturer, the Mahindra Reva i is available across various second-hand electric car markets. The Reva i is a perfect 2-door, 2-seater electric hatchback for the Indian market.

Features and Specifications

It features essential amenities such as power steering, a digital driver’s display, a Bluetooth-enabled infotainment system, USB ports, and adjustable seats.

Specs-wise, the Mahindra Reva i has an electric motor that generates 17.4 HP of power and a torque of 52Nm. It has a top speed of 80kmph.

Battery and range

The Mahindra Reva i has a Lead-Acid battery pack of 48V offering a driving range of 80 km on a full charge.

Price

The Mahindra Reva i is priced at Rs 3.76 lakh(ex-showroom) in India.

Electric Car Buying Guide: Specs to Consider while Buying an electric car.

If you are planning to buy an electric car, you need to consider checking some specifications. Here are some key specifications to consider while buying an electric car in India.

View the electric car buying guide as a web story:

Range

Look for a car with a range that meets your daily travel needs. Consider factors such as your average travel distance, availability of charging infrastructure, and the option for fast charging to save time.

Battery Capacity

A larger battery pack delivers a higher driving range. However, it’s important to consider a balance between the range and cost of the electric car. Electric cars with higher battery capacity usually come with an expensive price tag. Evaluate your driving patterns and choose an electric car having proper battery capacity, that meets your requirements without exceeding your budget.

Charging Infrastructure

Do proper research on the charging infrastructure in your area. Look for an electric car that supports multiple charging options, including standard AC charging at home as well as public DC fast charging. Check if there are public charging stations nearby or if you can Set up a Level 2 EV Charger at your residence or workplace to keep your vehicle charged.

Performance and Power

Don’t compromise on performance when purchasing an electric car. Electric vehicles typically deliver instant torque, providing quick acceleration in no time. Consider factors such as horsepower, torque, and the vehicle’s ability to handle varied road conditions and terrains.

Safety Features

Ensure that the electric car’s manufacturer prioritizes safety. Look for features like ABS multiple airbags, and advanced driver assistance systems (ADAS) like collision warnings, and lane departure warnings. These features in a car contribute to a safer driving experience.

Maintenance and Warranty

Look closely at the warranty coverage provided by the electric car’s manufacturer. Research the warranty coverage for the vehicle’s battery pack, motor, and other important and expensive components. Also, make sure these spare components are available at the brand’s local outlet.

Conclusion

Since EV technology is emerging every day, more and more electric vehicles are being introduced into the Indian market. Aided by supportive government policies and subsidies, EV manufacturers have introduced a lineup of affordable electric cars under 5 lakhs in India. The buying guide we have provided will help you choose the perfect electric car at an affordable price point.

Which electric car you want to buy in 2023? Tell us in the comment section.

FAQ

Which is the cheapest electric car in India?

The least-priced electric cars in India are Strom Motors R3 at Rs 4.5 lakh and MG Comet EV at Rs 4.57 lakh.

What is the price of the cheapest electric car in India?

In 2023, the electric car with the lowest price is the Strom Motors R3 at Rs 4.5 Lakh.

Which is the best electric car under 5 lakh in India?

The best electric car under 5 lakh is the MG Comet EV with a price of Rs 4.5 lakh.

Which are the electric cars under 5 lakhs in India?

Affordable electric cars under 5 lakhs in India:
– MG Comet EV : Rs 4.5 lakh
– Strom Motors R3 : Rs 4.57 lakh
– Tata Nano EV : Rs 5 lakh

Abhishek Gautam

10 thoughts on “Best Electric Cars in India under 5 lakhs in 2023 – Price & Features”

    1. Hello Mr SM Walujkar,
      Glad you reached out to us.
      Definitely, these cars will be available soon in the market. The information we provide is a heads up for people looking to buy EVs at affordable prices.
      We have included you in the waitlist.

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