In India, the budget car segment is highly competitive, catering to first-time buyers, small families, and those looking for an economical second car. Here are some of the best cars available under ₹5 lakhs, focusing on their mileage, specifications, and EMI calculations based on a ₹50,000 downpayment with an 8% interest rate for up to 7 years.

 

Maruti Suzuki Alto 800

Specifications:

  • Engine: 796 cc
  • Power: 47.3 bhp @ 6000 rpm
  • Torque: 69 Nm @ 3500 rpm
  • Transmission: 5-speed Manual
  • Seating Capacity: 5
  • Fuel Type: Petrol
  • Boot Space: 177 liters

Mileage:

  • Petrol: 22.05 km/l

Price: ₹3.54 – ₹4.57 lakhs (ex-showroom)

 

EMI Calculation:

  • Loan Amount: ₹4.5 lakhs – ₹50,000 (downpayment) = ₹4 lakhs
  • Interest Rate: 8%
  • Loan Tenure: 7 years

EMI: ≈ ₹6,276

 

Renault Kwid

Specifications:

  • Engine: 799 cc / 999 cc
  • Power: 53.26 bhp @ 5678 rpm (799 cc) / 67 bhp @ 5500 rpm (999 cc)
  • Torque: 72 Nm @ 4386 rpm (799 cc) / 91 Nm @ 4250 rpm (999 cc)
  • Transmission: 5-speed Manual / 5-speed AMT
  • Seating Capacity: 5
  • Fuel Type: Petrol
  • Boot Space: 279 liters

Mileage:

  • Petrol: 22.3 km/l

Price: ₹4.70 – ₹5.20 lakhs (ex-showroom)

EMI Calculation:

  • Loan Amount: ₹4.7 lakhs – ₹50,000 (downpayment) = ₹4.2 lakhs
  • Interest Rate: 8%
  • Loan Tenure: 7 years

EMI: ≈ ₹6,594

Datsun Redi-GO

Specifications:

  • Engine: 799 cc / 999 cc
  • Power: 53.64 bhp @ 5600 rpm (799 cc) / 67 bhp @ 5550 rpm (999 cc)
  • Torque: 72 Nm @ 4250 rpm (799 cc) / 91 Nm @ 4250 rpm (999 cc)
  • Transmission: 5-speed Manual / 5-speed AMT
  • Seating Capacity: 5
  • Fuel Type: Petrol
  • Boot Space: 222 liters

Mileage:

  • Petrol: 20.71 km/l

Price: ₹3.83 – ₹4.95 lakhs (ex-showroom)

EMI Calculation:

  • Loan Amount: ₹4.5 lakhs – ₹50,000 (downpayment) = ₹4 lakhs
  • Interest Rate: 8%
  • Loan Tenure: 7 years

EMI: ≈ ₹6,276

 

Maruti Suzuki S-Presso

Specifications:

  • Engine: 998 cc
  • Power: 67 bhp @ 5500 rpm
  • Torque: 90 Nm @ 3500 rpm
  • Transmission: 5-speed Manual / 5-speed AMT
  • Seating Capacity: 5
  • Fuel Type: Petrol
  • Boot Space: 270 liters

Mileage:

  • Petrol: 21.4 km/l

Price: ₹3.85 – ₹5.13 lakhs (ex-showroom)

EMI Calculation:

  • Loan Amount: ₹4.8 lakhs – ₹50,000 (downpayment) = ₹4.3 lakhs
  • Interest Rate: 8%
  • Loan Tenure: 7 years

EMI: ≈ ₹6,745

 

Key Takeaways:

  • Maruti Suzuki Alto 800: Affordable with 22.05 km/l mileage, EMI around ₹6,276.
  • Renault Kwid: Stylish design, higher power, EMI approximately ₹6,594.
  • Datsun Redi-GO: Compact, budget-friendly, 20.71 km/l mileage, EMI ₹6,276.
  • Maruti Suzuki S-Presso: Mini-SUV look, 21.4 km/l mileage, EMI ₹6,745.

 

Important Information in Tabular Form:

Car Model Price (₹ lakhs) Mileage (km/l) EMI (₹)
Maruti Suzuki Alto 800 4.5 22.05 6,276
Renault Kwid 4.7 22.3 6,594
Datsun Redi-GO 4.5 20.71 6,276
Maruti Suzuki S-Presso 4.8 21.4 6,745

 

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