Top 10 cars under Rs. 20 lakh

Read our detailed guide to learn about the available options and how our new car loans can help you in financing your purchase.
Top 10 cars under Rs. 20 lakh
3 min
4 April 2024

The Indian car market is flooded with a host of options. With a budget of Rs. 20 lakh, you will find a fantastic selection of cars catering to diverse needs. From SUVs to hatchbacks, sedans to MUVs, there is something for everyone. In this guide, we will explore 10 car options across these categories, its price, mileage, and more.

Before diving into the world of car ownership, it is essential to plan your finances wisely. Buying a new car is a significant expense, but with careful planning and budgeting, it can be more manageable than you think. This is where new car loans come into play. By opting for new car loans, you can spread the cost of your new car over a long period of time and repay it easily.

Bajaj Finance offers new car loans that come with a hassle-free process. You can qualify for a new car loan by fulfilling the simple eligibility criteria and submitting a few documents. With Bajaj Finserv New Car Finance, you can get financing of up to 100% of the car’s on-road price and bring home your dream car with ease.

Here is the list of the top 10 cars under Rs. 20 lakh in India

Model name *Ex-showroom price (Starting at)
Mahindra XUV700 Rs. 13.99 lakh
Tata Harrier Rs. 15.49 lakh
Kia Sonet Rs. 7.99 lakh
Kia Seltos Rs. 10.90 lakh
Hyundai Verna Rs. 11 lakh
Maruti Suzuki Ertiga Rs. 8.69 lakh
Tata Altroz Rs. 6.65 lakh
Maruti Suzuki Dzire Rs. 6.57 lakh
Tata Tigor Rs. 6.30 lakh
Maruti Suzuki Baleno Rs. 6.60 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 and understand how new car loans can help you finance your car purchase.

Mahindra XUV700: Starting at just Rs. 13.99 lakh for the base model Mahindra XUV700 MX, this SUV offers both style and substance. With variants ranging from manual to automatic and petrol to diesel, you can find the perfect match for your needs. It offers an impressive mileage that ranges between 13 kmpl and 17 kmpl.

Tata Harrier: Its base model Tata Harrier Smart comes with a price tag of Rs. 15.49 lakh, it is available with both manual and automatic transmission. Its impressive mileage of 16.8 kmpl ensures you go the extra mile without worrying about fuel costs.

Kia Sonet: Priced competitively at Rs. 7.99 lakh for its base model Kia Sonet HTE, this compact SUV delivers a mileage that ranges between 18.2 kmpl and 24.1 kmpl.

Kia Seltos: With a starting price of Rs. 10.90 lakh for the base model Kia Seltos HTE, this SUV is available in multiple variants with both petrol and diesel options. It offers an impressive mileage that ranges between 17 kmpl to 20.7 kmpl.

Hyundai Verna: Priced at Rs. 11 lakh for the base model, the Hyundai Verna EX, this sedan exudes elegance and comfort. Its efficient petrol engine ensures a smooth ride while keeping fuel costs in check. Available with both transmissions-manual and automatic, this car delivers a mileage that ranges between 20 kmpl to 20.6 kmpl.

Maruti Suzuki Ertiga: Its base model Maruti Suzuki Ertiga LXI (O) comes with a price tag of Rs. 8.69 lakh. Its petrol variants deliver a mileage of 20.3 kmpl to 20.5 kmpl while CNG delivers a mileage of 26.11 km/kg. Its spacious interior and excellent mileage make it a practical choice for city commutes and long drives alike.

Tata Altroz: Its base model Tata Altroz XE comes with a price tag of Rs. 6.65 lakh. Whether petrol, diesel, or CNG, there is a Tata Altroz variant to suit every preference.

Maruti Suzuki Dzire: Priced at Rs. 6.57 lakh for the base model Maruti Suzuki Dzire LXi, this sedan is available in both variants – petrol and CNG. Its petrol variants deliver a mileage of 22.41 kmpl to 22.61 kmpl, while the CNG variant gives a mileage of 31.12 km/kg.

Tata Tigor: Priced at Rs. 6.30 lakh for the base model Tata Tigor XE, this compact sedan offers both petrol and CNG options. Its petrol variants available with both the transmission – manual and automatic delivers a mileage range of 19.28 to 19.6 kmpl. On the other hand, its CNG variants also deliver an impressive mileage that ranges between 26.49 km/kg to 28.06 km/kg.

Maruti Suzuki Baleno: Its base model Maruti Suzuki Baleno Sigma comes with a price tag of Rs. 6.60 lakh, this hatchback is available in both variants – petrol as well as the CNG. Its sleek design and fuel-efficient engine make it a smart choice for the long haul.

Why choose Bajaj Mall to book your dream car

Explore these cars and more conveniently online on Bajaj Mall. On Bajaj Mall, you can check out the specification of the cars and choose the one that suits your requirements the most. With the help of search filters, you can easily find your preferred car under Rs. 20 lakh. Narrow down your search based on specific criteria like brand, price, fuel type and more and find a car of your choice. You can easily book a car by using our hassle-free financing solution. Our new car loans come with long repayment tenures that allow you to spread the cost of your car into small monthly instalments. With competitive interest rates and an easy online process, availing of our new car loans is easy and convenient.

Buying a new car under Rs. 20 lakh do not have to be a daunting task. With the wide range of options available in the market today, finding the perfect car to suit your needs and budget is easier than ever. And with the option of new car loans, you can drive away with your dream car without worrying about the financial burden. So why wait? Start exploring your options today and take the first step towards car ownership.

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 low-priced car under Rs. 20 lakh?
Some of the affordable options within this segment are Tata Altroz, Maruti Suzuki Dzire, Tata Tigor, and Maruti Suzuki Baleno.

Which cars under Rs. 20 lakh gives good mileage?
Some of the cars that deliver good mileage within the budget of Rs. 20 lakh are the Kia Sonet, Maruti Suzuki Dzire, and Maruti Suzuki Baleno among others.

Which is the best car under Rs. 20 lakh?
There are multiple options available within the budget of Rs. 20 lakh. You can choose the one that suits your requirements the most. Some of the options are Mahindra XUV700, Maruti Suzuki Baleno, Kia Seltos, Hyundai Verna and more.

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