India is experiencing rapid growth in the market of the electric car. The cost of fuel is increasing, and people are trending towards being more eco-conscious, which makes electric cars the most popular. A lot of individuals are currently seeking affordable EVs that are frictionless, intelligent, and city-friendly. And yes, finding an electric car under 5 lakh is now possible.
This blog lists some of the most affordable EVs either available or coming in the future. We will examine them in detail to make it easy to match the appropriate one. These models are small, stable, and are meant to be used in a daily basis in an Indian transport and roadway service.
Strom Motors R3: Small and Smart
The Strom Motors R3 is a compact electric car made for busy cities. It has a unique three-wheel design and seats two people comfortably. The car’s shape helps with quick turns and tight parking. Its electric range reaches up to 200 km, perfect for daily travel in town.
It takes just 3 hours to fully charge and has basic tech like a touchscreen and GPS. With a price near ₹4.5 lakh, this is one of the best choices if you want an electric car under 5 lakh. The model is light, which adds to its battery life and makes it a cost-saver for urban commuters.
PMV EaS-E: Urban Mini EV
PMV EaS-E is a new small electric car designed for one or two passengers. It runs around 120 km per charge and charges in about 3.5 hours. The design of the car is compact, but practical, and well-suited to individual office commutes or small town errands.
Pricing begins at 4.79 lakh rupees, and that makes it affordable as an electric vehicle in India. It’s smooth, quiet, and easy to handle, offering the comfort of a small car without high running costs. The PMV EaS-E is definitely a smart option in the electric car under 5 lakh segment.
Tata Nano EV (Jayem Neo): Nano Reinvented
Tata Nano was once India’s cheapest petrol car. Now, in its EV version known as Jayem Neo, it’s back with a new identity. This car is being built with a 48V electric system and offers up to 200 km range on a full charge. It’s compact, light, and great for ride-share companies or tight city driving.
Though not launched widely yet, its expected price fits under ₹5 lakh. Targeting short-distance travel and being less expensive, the car is attractive to the buyers who are first-time buyers of EVs. The Nano EV is a very small car, but in the budget EV space of India, it comes with a big value.
Mahindra Reva i: The OG Budget EV
Mahindra Reva i was among the earliest electric vehicles in India. Though it’s no longer in new production, second-hand models are still available at low prices. It offers about 80 km of range and takes 6 hours to charge. For small city use, this car still holds potential.
Prices in the resale market range from ₹2 to ₹3 lakh. The Reva i suits users who want an entry into electric driving without spending a lot. Even today, it helps budget buyers explore the benefits of driving an electric car under 5 lakh.
Tata Tiago EV: Base Variant Could Hit Budget Segment
The Tata Tiago EV is known for being one of the safest electric hatchbacks. While its current price goes beyond ₹5 lakh, future subsidies might bring the base model within that range. It delivers a long 250 km range and quick charging options.
The base variant is expected to hover around ₹6 lakh, but offers and discounts may pull it under ₹5 lakh. It includes modern features and strong battery support. The Tata Tiago EV could soon be a leading option for those targeting an electric car on a budget in the coming years.
MG Comet EV (Expected Lower Variant)
MG Comet EV is bold in style and compact in size. Though the current model costs more, MG may release a simpler version. Its range is around 230 km, which is ideal for daily trips. Charging takes 7 hours using a standard plug.
If MG launches a new lower variant, the price might drop closer to ₹5–6 lakh. Below is a table showing how MG Comet compares with other EVs in the same range:
| Model | Range (km) | Charging Time | Price (Approx) |
| MG Comet EV | 230 | 7 hours | ₹5.5–6 lakh |
| PMV EaS-E | 120 | 3.5 hours | ₹4.79 lakh |
| Strom Motors R3 | 200 | 3 hours | ₹4.5 lakh |
Even if slightly over budget, this model shows promise for those open to future releases.
Yakuza Karishma E-Car: India’s Low-Cost EV Star
The Yakuza Karishma is a basic electric car known for its super-low cost. It starts from just ₹1.5 lakh and is built mostly for rural areas and small towns. It covers around 75 km on a single charge and comes in a compact shape.
This vehicle may not be as advanced, but it meets essential needs. For people looking at the cheapest electric car, this is a strong option. The Yakuza Karishma proves that EVs are becoming affordable for all income levels in India.
Final Thoughts: Smart Takeaway for Budget EV Seekers
With a numerous new models in the market, choosing an electric car under 5 lakh is easier than ever. Such cars are not only affordable, but functional, easy to maintain, and excellent when going on short journeys. While a few options are upcoming or evolving, many are ready to drive today. Each model has its unique design, range, and price point. Whether you choose the bold Strom R3, the tiny PMV EaS-E, or the reliable Tata model, you’re picking smart travel at a smart price. And that’s what electric mobility in India is all about.
