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Budget-Friendly Cars Under 5 Lakhs in India 2024 Guide

Comprehensive comparison of cars under 5 lakhs in India featuring Maruti Alto K10, Renault KWID and S-Presso. Detailed analysis of prices, features and specifications for budget-conscious buyers.

  • 25 Mar 2025
  • 3 min read
  • 93 views

It can be pretty challenging to have an inexpensive and good car under 5 lakhs in the market. However, you will surely encounter four-wheelers with remarkable features, excellent fuel efficiency and low running costs at this budget. From versatile city vehicles to compact hatchbacks, many of these options will provide you with modern-day features and outstanding performance.

Top Cars Under 5 Lakhs in India

Here are some of the new cars under 5 lakhs that come with many modern features.

1. Maruti Alto K10

  • Price: ₹3.99 - 5.96 lakhs
  • Engine: 998 cc (Petrol)
  • Mileage: 24.39 kmpl
  • Features: This car has a compact size, excellent fuel efficiency and low servicing. It also has unique features, such as EBD and ABS, power windows, and a touchscreen. With its agile handling, the Maruti Alto K10 can steer perfectly through all the tight urban areas, making it the best choice for all budget-conscious city residents.

2. Renault KWID

  • Price: ₹4.70 - 6.45 lakhs
  • Engine: 999 cc (Petrol)
  • Mileage: 21.46 kmpl
  • Features: The Renault KWID has an SUV-like style and sporty design. It has great features, such as a digital dashboard and an 8-inch touchscreen system. It is ideal for weekend trips and city rides. The Renault KWID also has reverse sensors and dual airbags, which make it a practical and safe option for all car buyers.

3. Maruti S-Presso

  • Price: ₹4.26 - 6.12 lakhs
  • Engine: 998 cc (Petrol)
  • Mileage: 24.12 kmpl
  • Features: It has a compact SUV design. The car has a 7-inch infotainment system, cosy seats, ABS with airbags and EBD. Its high ground clearance makes it adaptable for rough and city roads.

Wrapping Up

Getting a car under INR 5 lakhs with a blend of fuel efficiency, affordability, and performance is a dream for many who want a vehicle on a budget. Also, having good car insurance will be worth it. It will aid in covering the monetary losses that you might experience during damages, theft and even accidents. These policies offer legal security and peace of mind.


Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.  

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