Best EV Cars in India Under 10 Lakhs: Affordable Electric Cars for 2024

The electric vehicle (EV) market in India is rapidly expanding as consumers are more environmentally conscious and seek cost-effective alternatives to traditional fuel-based cars. For those looking to switch to electric mobility, finding EV cars in India under 10 lakhs can be challenging but is certainly possible. This article provides a comprehensive guide to some of the best affordable electric vehicles in India, under the 10 lakh price bracket.

Why Consider Electric Cars in India?

With the rising fuel prices, government subsidies, and increasing environmental awareness, many Indians are now opting for electric cars. These cars not only help in reducing carbon emissions but also lower running costs compared to traditional petrol or diesel cars. The Indian government’s push toward green mobility through initiatives like the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme further encourages consumers to make the switch.

Now, let’s explore some of the best electric cars in India under 10 lakhs.

Top EV Cars in India Under 10 Lakhs in 2024

1. Tata Tiago EV

The Tata Tiago EV is one of the most affordable electric cars in India, priced under 10 lakhs. This compact hatchback comes with a sleek design, making it an excellent choice for urban drivers. The car features a 26 kWh battery that provides a range of 250-300 km on a full charge, making it suitable for daily commutes.

• Price: ₹8.5-9.99 lakhs (ex-showroom)
• Range: 250-300 km
• Battery: 26 kWh
• Charging Time: 8-9 hours (home charger), fast charging available
• Features: Touchscreen infotainment system, automatic climate control, and regenerative braking.

2. Mahindra eVerito

Another strong contender in the affordable EV segment is the Mahindra eVerito. Known for its reliability and spacious interior, this sedan offers a decent range and comes with a host of features to enhance your driving experience. The eVerito is an ideal choice for city driving as well as short inter-city travel.

• Price: ₹9.5-9.99 lakhs (ex-showroom)
• Range: 140-170 km
• Battery: 21.2 kWh
• Charging Time: 8-9 hours (standard), fast charging in 1.5 hours
• Features: ABS, dual airbags, and regenerative braking technology.

3. MG Comet EV

The MG Comet EV is expected to be a game changer in the compact EV segment with a price point under 10 lakhs. Its unique design and efficient performance make it a smart option for those looking for a stylish electric car with great mileage. While it’s not yet launched, the MG Comet is expected to compete strongly in this price bracket.

• Price: Estimated to start at ₹7.5 lakhs (ex-showroom)
• Range: Estimated 150-200 km
• Battery: Estimated 20-25 kWh
• Charging Time: Around 7-8 hours (normal charging), fast charging capability expected.
• Features: Expected to come with a fully digital dashboard, touchscreen system, and advanced safety features.

Subsidies and Incentives for EV Buyers in India

The Indian government offers several subsidies and tax benefits to encourage the purchase of electric vehicles. Under the FAME II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme, buyers can receive up to ₹1.5 lakhs in subsidies, depending on the model and manufacturer. Additionally, state governments also offer individual incentives such as registration fee waivers, road tax exemptions, and charging infrastructure benefits.

Tax Benefits for EV Owners

Owners of electric vehicles in India can claim tax benefits under Section 80EEB of the Income Tax Act. This section allows a deduction of up to ₹1.5 lakhs on the interest paid on loans taken to purchase EVs, making the switch to electric mobility even more financially rewarding.

Running Costs and Maintenance of Electric Cars

One of the main reasons people are switching to electric vehicles is the significantly lower running costs compared to petrol or diesel cars. The cost per kilometer for electric cars is as low as ₹1-2, whereas fuel-powered vehicles can cost ₹6-8 per kilometer. Additionally, EVs have fewer moving parts, meaning the maintenance costs are much lower as well. For example, electric cars do not require frequent oil changes, and the brakes tend to last longer due to regenerative braking systems.

Charging Infrastructure in India

A common concern among potential EV buyers is the availability of charging stations. However, the charging infrastructure in India has improved significantly in recent years. Many public charging stations have been set up across major cities, and several automakers are offering home charging solutions to make the transition smoother for users. Additionally, more and more fast chargers are being installed at strategic locations, enabling users to charge their EVs in a matter of hours rather than overnight.

Key Factors to Consider When Buying an Electric Car

Battery Life and Range

One of the most important considerations when purchasing an electric vehicle is its battery life and range. Cars like the Tata Tiago EV offer up to 300 km on a single charge, making them ideal for both city and highway use. On the other hand, cars with smaller battery packs like the Mahindra eVerito might have limited range but are still perfect for urban commutes.

Charging Options

It is essential to ensure that you have access to a reliable charging point, either at home or near your workplace. Some EVs offer fast charging options that can charge the battery up to 80% in under an hour, while others require longer charging times.

Maintenance and Servicing

Although electric cars are generally easier to maintain, it’s still crucial to consider the availability of service centers and the warranty on the battery. Many manufacturers offer up to 8 years of battery warranty, which ensures peace of mind for buyers.

Resale Value

With the EV market still in its infancy, resale values might be lower compared to traditional cars. However, as more people switch to electric vehicles, we expect resale values to improve significantly in the coming years.

Conclusion: The Future of Affordable EVs in India

The future of electric mobility in India is promising, especially with the increasing availability of affordable electric cars under 10 lakhs. As technology advances, we can expect improvements in range, charging infrastructure, and overall affordability. For those looking to make the switch to electric vehicles, now is the perfect time, as prices continue to fall, and incentives make EVs more accessible than ever before.