Best cars under Rs. 16 lakh

Explore some of the available options and how Bajaj Finserv New Car Finance can help you to fund your car purchase.
Best cars under Rs. 16 lakh
3 min
8 April-2024

There is an array of options available in India’s car market, catering to every need and budget. If you are in the market for a new car under Rs. 16 lakh, you are in luck. From compact SUVs to versatile MUVs, there is something for everyone. But buying a car involves more than just picking a model; it is also about smart financial planning. That is where new car loans come in handy, making your dream car more affordable than you might think.

With the help of new car loans, you can spread the cost of your car over a period of time and repay it in small monthly instalments. Bajaj Finance offers new car loans that come with simple eligibility criteria and minimal documents. With Bajaj Finserv New Car Finance, you can get funds of up to 100% of the car’s on-road price and bring home your desired car with ease.

In this guide, we will explore some of the options available under Rs. 16 lakh and how new car loans can help you fund your car purchase.

Here is the list of best cars under Rs. 16 lakh in India

Model name *Ex-showroom price (Starting at)
Hyundai Creta Rs. 11 lakh
Mahindra Thar Rs. 11.25 lakh
Maruti Suzuki XL6 Rs. 11 .61 lakh
Toyota Urban Cruiser Hyryder Rs. 11.14 lakh


*The prices mentioned are ex-showroom prices in Delhi. Prices will vary depending on the city of purchase.

Let us delve into more details about these cars so that you can make an informed choice.

Hyundai Creta

Hyundai Creta offers a blend of style, comfort, and performance, starting at Rs. 11 lakh for the base model – Hyundai Creta E. If you can extend a budget, you can opt for Hyundai Creta DCT SX (O) DT which is priced at Rs. 20.15 lakh. This SUV comes with a ground clearance of 190 mm, perfect for tackling India's diverse roads. Whether you prefer petrol or diesel, the Hyundai Creta delivers impressive mileage ranging from 17.4 kmpl to 21.8 kmpl.

Mahindra Thar

Starting at Rs. 11.25 lakh for the base model Mahindra Thar AX Opt 4-STR Hard Top Diesel. Available in both petrol and diesel versions and delivers an impressive mileage of up to 15.2 kmpl.

Maruti Suzuki XL6

Its base model Maruti Suzuki XL6 Zeta is priced at Rs. 11.61 lakh while the top variant – Maruti Suzuki XL6 Alpha Plus AT comes with a price tag of Rs. 14.61 lakh. Available in both versions – petrol and CNG, it comes with both manual and automatic transmission. The petrol version of this 6-seater MUV delivers an impressive mileage of 20.27 kmpl to 20.97 kmpl, while the CNG version gives a mileage of 26.32km/kg.

Toyota Urban Cruiser Hyryder

Starting at Rs. 11.14 lakh for the base model Toyota Urban Cruiser Hyryder E, this 5-seater SUV offers sophistication and efficiency. With an impressive mileage ranging from 21.12 kmpl to 27.97 kmpl, it is an economical choice.

Why choose Bajaj Mall for your car purchase

You can check out images, features, and other specifications of these cars on Bajaj Mall. Bajaj Mall offers search filters that allow you to find your desired car with ease. You can narrow down your search based on specific criteria such as brand, price, body type and more. Once you finalise your car, you can book it online by using our financing solution. With our new car loans, you can benefit from our flexible repayment tenure options and repay your loan into small monthly instalments. With an easy application process and competitive interest rates, our new car loans make borrowing convenient for you.

Purchasing a new car under Rs. 16 lakh is made simple by the abundance of available options. Additionally, financing your purchase becomes convenient with various financing options like new car loans. New car loans provide you with quick access to funds and allows you to spread the cost of your car over a long period of time.

Know more about our new car loans

Note: Mileage figures are as per ARAI certification and may vary based on driving conditions and other factors.

The prices mentioned are ex-showroom prices in Delhi. Prices will vary depending on the city of purchase.

Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

Frequently asked questions

Which is the best car in India under Rs. 16 lakh?
There are multiple options available within the budget of Rs. 16 lakh. You can choose the car as per your requirements. Some of the popular options are Hyundai Creta, Mahindra Thar and more.

Which car under Rs. 16 lakh gives good mileage?
If you are looking for a vehicle with good mileage, you can opt for the Toyota Urban Cruiser Hyryder. This SUV delivers a mileage ranging from 21.12 kmpl to 27.97 kmpl.

Which is the low-priced car under Rs. 16 lakh?
Hyundai Creta E is one of the low-priced cars under Rs. 16 lakh. It comes with a price tag of Rs. 11 lakh and delivers a mileage of 17.4 kmpl.

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