Top 4 Electric Cars in India Under 5 Lakh in 2024

The automotive market in India is experiencing a rather dramatic shift due to the imminently increasing need for efficient and environmentally friendly means of transport. As the country shifts to embracing environmentally sustainable practices, the emergence of electric vehicles (EVs) has brought major transformation. 

This article explores the fascinating universe of electric vehicles, which have evolved into alternatives for significantly changing the future of automotive emissions sustainably and faster.

However, when buying an electric car in India, securing car insurance is also crucial as it is mandatory by the Motor Vehicles Act of 1988. It protects against accidents, theft, and damage, safeguarding your investment. Car insurance saves you from hefty traffic fines, license suspension, and even legal trouble.

If you are looking for the best EV cars in India under 5 Lakh, then look at the cars below, which include their key specs and highlights.

1. Jayem Neo EV | Starting ₹4 Lakh

The Jayem Neo is the new name for the Tata Nano EV. Nano, Jayem manufactured 400 Neo models to fulfil an Ola Cabs order in the early phase of the COVID-19 outbreak. The Neo also has cosmetic updates, such as electric blue touches distinct from the original Nano. 

It is powered by an electric motor producing 47 bhp operating from a 33 kWh battery pack and offers an optimal driving range of 200km per charge, as certified. It also has fast charging, and its battery can be charged from 10% to 80% within 40 minutes.

Key Specifications:

• Engine range: 200 km
• Battery capacity: 17.7 kWh
• Seating capacity: 4
• Battery charge time: 6.5 hours
• Transmission: Automatic
• Fuel type: Electric
• Body type: SUV
• Airbags: 2
• Safety features: Two front airbags, ABS (Anti-lock Braking System) with EBD (Electronic Brakeforce Distribution), Brake assist, ESP (Electronic Stability Program), Traction Control System, Tire pressure monitoring system, Rear parking sensors and camera.

2. ORA R1 | Starting ₹4.5 Lakh

The ORA R1 unveiled by Chinese automobile manufacturer Great Wall Motors at the Auto Expo 2020 turned out to be one of the promising additions to India’s electric car market under ₹5 Lakh. This exciting retro-styled EV in circulation featured an eye-catching circle-shaped design on its head and tail lamps, grille, and wheels. 

Recognised for its safety, connectivity, and innovative lightweight structure, the ORA R1 evoked excitement. Its permanent magnet synchronous motor produced a zestful 47 bhp and 125 Nm of torque to provide a Porsche-like drive within the affordable car segment.

Key Specifications:

• Engine range: 310-351 km
• Battery Capacity: 28.5-33 kWh
• Seating capacity: 4
• Battery Charge Time: 10 hours
• Transmission: Automatic
• Fuel type: Electric
• Body type: Hatchback
• Airbags: 2
• Safety features: Front and side airbags, ESP, traction control, hill ascent control, adaptive braking system, and electronic parking brake.

3. Strom Motors R3 | Starting ₹4.5 Lakh

The Strom Motors R3 is a recent addition to the electric vehicle market. It is a compelling breakthrough in the affordable segment of the electric car market as it is stylish, functional, and has impressive performance. This stylish ‘three-wheeler’ hatchback includes a futuristic, enclosed cockpit with scissor-style doors and a powerful 48-volt electrical architecture. 

Also worth acknowledging is the high-tech equipment, such as a digital instrument cluster, a touch screen, the ability to use voice and gestures, climate control, and even an air quality sensor; with all these, the car may possibly appeal to both the frugal consumer and the one who appreciates innovations.

Key Specifications:

• Engine range: 200 km per charge
• Battery capacity: 15 kWh
• Seating capacity: 2
• Battery charge time: 3 hours 
• Transmission: Automatic
• Fuel type: Electric
• Body type: Hatchback
• Airbags: 2
• Safety features: Pretensioners & Force Limiter Seatbelts, Adjustable Seats, 3-Point Seatbelts, Adjustable Seats, Anti-lock Braking System.

4. PMV EaS-E | Starting ₹4.8 Lakh

Source: pmvelectric.com

The PMV EaS-E is a worthy addition to the new affordable electric cars list as it boasts compact dimensions yet powerful performance. This two-seater microcar from an Indian startup called PMV Electric is stylish and futuristic. It is solely based on a lithium-ion battery with a 10kWh capacity. The 1.4-litre Turbo GDi unit cranks out 41 bhp of power and 110 Nm of torque. 

Measuring an overall dimension of 125 x 44 x 43 cm and weighing just 700 kg, the EaS-E comes with a rather impressive battery range of 160 km with a recharging time of 4 hours. However, it introduces the basics simply by adding add-ons such as power windows, a digital instrument cluster, LED headlamps, and rear parking sensors. 

Key Specifications:

• Engine range: 120-200 km
• Battery Capacity: 10 kWh
• Seating capacity: 2
• Battery Charge Time: 4 hours
• Transmission: Automatic
• Fuel type: Electric
• Body type: SUV
• Airbags: 1
• Safety features: Driver airbag, Seat belts, Reversing camera, Rear parking sensors, and High tensile tubular space frame chassis.

So, these are all the electric cars in India under ₹5 Lakh. The new pack of electric vehicles has revolutionised the EV industry in India. With backing from policies like FAME-II, state EV policies, and increasing charging facilities, these budget EVs can act as catalysts to drive higher EV penetration. 

Due to cheaper acquisition and ownership costs, such EVs may become much-needed game changers in India as the nation strives to attain a cleaner mobility future.

Besides, you should consider other essential factors like insurance, PUC, tax, etc., while buying an EV. Third-party insurance is a mandatory requirement that safeguards your vehicle from legal obligations and covers third-party damage expenses.