The electric vehicle (EV) market is expanding rather well, but the absence of reasonably priced alternatives severely limits the market’s potential for expansion. Fortunately, a number of automakers are developing reasonably priced electric vehicles (EVs) for the Indian market, and a number of future models are anticipated to cost less than Rs 20 lakh.
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Top 10 Electric Vehicles (EVs) Under Rs. 20.0 Lakh
MG Air EV
MG is getting ready to introduce its reasonably priced little electric vehicle in India. Wuling just introduced an electric vehicle in Indonesia, and MG will introduce the rebadged model in India. It is anticipated to be a two-door tiny electric vehicle with the name Air EV.
It is claimed to have a 300 km maximum range. It will have a tonne of features, much like any other MG vehicle. According to reports, MG will present the vehicle at the 2023 Auto Expo.You should absolutely click the link below to read our in-depth article that we wrote about the Air EV. It will come with characteristics that will astound you.
MG ZS EV
In order to bridge the gap between the Air EV and the ZS EV, MG is also developing a second reasonably priced EV. It will resemble the Nexon EV Prime, a small SUV. Since this is a less expensive choice than the ZS EV, its specifications will be lower. Its stated range is approximately 350 km. Additionally, MG may exclude certain features in order to aggressively price it.
Hyundai Venue Electric
Hyundai is currently regarded as one of the leading companies in the Indian auto sector. With a bold announcement to launch six all-new electric vehicles by 2028, the brand is poised to make a significant impression on the Indian electric vehicle market. Although this is no small accomplishment, the Korean carmaker has demonstrated its sincere commitment to the shift to electric vehicles.
According to reports, Hyundai may electrify some of its current models in order to produce these new EVs, which would make the switch to electric transportation even more thrilling, easy, and seamless.
Tata Altroz EV
After making its debut at the 2019 Geneva Motor Show, the Tata Altroz EV has been making waves in the industry. The Tata Altroz EV has state-of-the-art Ziptron electric technology and is constructed on the lightweight and adaptable ALFA (Agile Light Flexible Advanced) platform. A lithium-ion battery and permanent magnet AC motor will power this electric vehicle.
With a range of more than 312 km on a single charge, the Tata Nexon EV has already broken new ground in the Indian electric vehicle market. It’s thrilling to consider what other noteworthy features the Tata Altroz EV will offer.
Citroen EV
Another manufacturer attempting to enter this market with a cost-effective solution is Citroen. By 2023, Citroen intends to introduce an EV. We believe that this could be the C3’s electric variant. Why do we believe that? Citroen will save a great deal of time and money thanks to it. With a real-world range of about 250 km, the electric SUV would be ideal for commuting.
Mahindra XUV400
Mahindra is returning with a bang to the electric vehicle market. It is accomplishing this with the XUV400, an electric variant of the XUV300. In addition to having more features, it will be larger than the XUV300. Mahindra is reportedly adopting high-density NMC cells, which will improve its performance and range metrics. Given Mahindra’s recent product releases, the XUV400 should have aggressive pricing. It is also anticipated to include ADAS, which will undoubtedly give it an advantage over rivals.
Tata Punch EV
Tata Motors has concentrated its efforts on creating a brand-new electric SUV based on the agile and adaptable ALFA (Agile Light Flexible Advanced) platform, which also serves as the foundation for the well-liked Altroz. In comparison to the Tigor EV, the new Tata Punch is anticipated to have a comparable, if not more potent, powertrain. This electric vehicle (EV) has a 26 kW lithium-ion battery pack and a 55 kW electric motor that provide 170 Nm of torque and 74 BHP of power. The Tigor EV is a dependable and cost-effective vehicle with a range of approximately 306 km on a single charge. Using a fast charger, the battery can be charged to 80% in less than an hour, while using a home charger, it will take 8.5 hours.
Kia Soul EV
The first vehicle from KIA to enter the electric market is the Soul EV. After creating quite a stir in the North American market, this futuristic car is about to make its much anticipated debut in the Indian market. This car will turn heads with its unique box-like design and wrap-around dual-barrel projector headlamps.
This electric vehicle’s permanent magnet synchronous engine can travel more than 350 kilometres on a single charge! This electric vehicle, which is expected to cost between ₹12 lakh and ₹15 lakh, is likely to revolutionise the affordable electric vehicle market in India.
Kwid EV
Another manufacturer that may release an EV in the near future is Renault. Renault offers the Kwid’s electric variant for sale in China. Could Renault thus ship it to India? Although the brand has not made a formal announcement, the Kwid EV’s low cost may draw in a sizable customer base. With a stated range of 260 kilometres, the Kwid EV is a fantastic choice for city drivers.
Mahindra eKUV100
The famous KUV100 vehicle from Mahindra will go on sale in electrified form in the first half of 2025. The eKUV100 concept was introduced to the public as this perfect example of an EV.
The eKUV100’s 15.9 kWh battery, which drives an electric motor with a robust 54.4 horsepower (40kW) and 120 Nm torque, promises to be a potent punch under the hood.
This lovely green machine charges quickly; a full charge takes 5 hours and 45 minutes on a standard charger and only 55 minutes on a fast charger. Drivers seeking a small, low-emission car without sacrificing convenience, performance, or style may find the eKUV100 to be the ideal option. It appeals to both eco-aware and fashion-forward crowds.
