Cars under Rs. 50 lakh

Look at the best cars under Rs. 50 lakh that you can consider buying.
Cars under Rs. 50 lakh
3 min
21-March-2024

Finding the right car under Rs. 50 lakh requires careful thought. At this budget, buyers expect performance, comfort, technology, and road presence. Whether you prefer a rugged SUV or a refined premium vehicle, this price range offers strong options.

With Rs. 50 lakh, you can explore top variants of popular SUVs that combine luxury with capability. Planning finances wisely becomes important at this stage. A car loan can help you manage the purchase without disturbing long-term savings. Bajaj Finserv New Car Loan supports buyers with flexible repayment options and a smooth approval process.

Planning to upgrade soon? Check your pre-approved new car loan offer and move closer to your premium SUV.

Let us explore some of the best cars under Rs. 50 lakh available in India.

List of top cars under Rs. 50 lakh in India

Below are some popular premium models within this price range.

Model name

Ex-showroom price (starting at)*

Mahindra Scorpio N

Rs. 13.49 lakh

MG Gloster

Rs. 38.33 lakh

Skoda Kodiaq

Rs. 39.99 lakh

BYD Seal

Rs. 41.00 lakh

Hyundai Ioniq 5

Rs. 46.30 lakh

Toyota Fortuner

Rs. 33.43 lakh

Toyota Camry

Rs. 47.48 lakh


*Prices are ex-showroom and may vary by city.

To make your shortlist feel final, you can check your new car loan eligibility and confirm how much you can borrow before booking.

Let’s explore these picks and see which one fits your needs:

  1. Mahindra Scorpio N: The Mahindra Scorpio N is a powerful SUV built for those who love a commanding road presence. You can choose from the modern Scorpio N models which offer a perfect mix of luxury and off-road capability. The SUV comes in both 2-wheel drive and 4-wheel drive options to handle any terrain. It features a premium cabin with a large touchscreen and a high-quality sound system. You get a thrilling driving experience with an impressive mileage of 14 kmpl to 18.5 kmpl.
  2. Toyota Fortuner: The Toyota Fortuner is a legendary premium SUV known for its unmatched reliability and formidable performance. It features an imposing design and a refined interior that exudes sophistication at every turn. The car uses a potent 2.8-litre diesel engine that provides excellent power for highway cruising. You get advanced safety features like seven airbags and a very solid build quality. It is an ideal choice for tackling rough terrains while traveling in total comfort.
  3. Skoda Kodiaq: The Skoda Kodiaq is a premium mid-size SUV that redefines elegance and class in its segment. It offers opulent interiors with meticulous attention to detail and high-quality materials. The car features state-of-the-art driver assistance technologies and a panoramic sunroof for a grand feel. You get a very smooth and refined drive from its powerful 2.0-litre engine. It is perfect for family road trips where you want a blend of luxury and safety.
  4. Hyundai Ioniq 5: The Hyundai Ioniq 5 is a futuristic electric SUV that offers a very unique and high-tech experience. It features a sleek design and a very spacious cabin with a completely flat floor. You can enjoy an incredible driving range of up to 631 km on a single full charge. The car includes advanced features like an electrically adjustable relaxation seat and vehicle-to-load functions. It is a fantastic choice for those who want a sustainable and ultra-modern luxury vehicle.
  5. BYD Seal: The BYD Seal is a premium electric sedan that delivers sports-car performance with elegant styling. It features a rotating 15.6-inch touchscreen and a very high-quality 12-speaker sound system. You can choose variants that offer a massive range of up to 650 km for long journeys. The car provides exceptional safety with nine airbags and a five-star Global NCAP rating. It is a perfect pick if you want a fast, quiet, and tech-loaded luxury sedan.
  6. MG Gloster: The MG Gloster is a massive and feature-packed SUV that offers a very grand road presence. It features a highly advanced cabin with a 360-degree camera and an automatic powered tailgate. You get plenty of room in all three rows, making it ideal for large families. The car offers a premium driving experience with its powerful twin-turbo diesel engine and smooth gears. It stands out for its focus on luxury technology and passenger convenience.

Want to know how much funding you qualify for? Check your new car loan eligibility before finalising your SUV.

Why choose Bajaj Mall for your car purchase

Selecting a premium SUV becomes easier when all options are available in one place. Bajaj Mall allows you to explore models, compare specifications, and check prices online.

The platform offers smart filters that help narrow down choices based on budget and features. Once you finalise your preferred SUV, booking becomes smooth with Bajaj Finserv New Car Loan support.

The loan provides:

  • Up to 100% on-road price funding
  • Attractive car loan interest rates
  • Flexible repayment tenures
  • Minimal documentation and quick approval

The car loan EMI calculator helps you stay in control of your monthly budget.

Ready to upgrade your drive? Check your pre-approved new car loan offer and take the next step towards owning your premium SUV.

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

Bajaj Finserv app for all your financial needs and goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-qualified limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

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Disclaimer

While care is taken to update the information, products, and services included in or available on our application, website and related platforms, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/service document and applicable terms and conditions.

*Terms and conditions apply

Frequently asked questions

Which car is the best in under Rs. 50 lakh?

The best car depends on your specific needs. The Toyota Fortuner is a top choice for off-road power. The Hyundai Ioniq 5 is excellent for those who want a premium electric experience. For luxury and space, the Kia Carnival is a very popular option.

Which are the latest cars under Rs. 50 lakh?

The Maruti Suzuki e-Vitara and the Mahindra Thar ROXX are some of the newest launches in this range. Other fresh models include the updated Hyundai Tuscon and the Skoda Kylaq. These cars offer the latest safety tech and very modern designs.

Which is the most expensive car under Rs. 50 lakh?

The Skoda Kodiaq and the MG Gloster are among the most expensive choices in this budget. High-end variants of the Toyota Camry also sit near the top of this price limit. These cars provide a very premium feel and many luxury features.

Which is the cheapest car under Rs. 50 lakh?

Mahindra Scorpio N and its variants are some of the low-budget options available under Rs. 50 lakh.

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