Electric Cars Under ₹10 Lakh (On-road) in India: Do they make sense?

Published On 24/12/2024, 11:13:46 am Author Mohit Taneja

While EVs aren't entirely eco-friendly, yet they are incredibly efficient in terms of running costs. Over time, as we shift towards renewable energy sources like solar and wind for electricity generation, the environmental benefits of EVs will only grow. For now, electric cars under ₹10 lakh offer a compelling mix of affordability, efficiency, and sustainability for the forward-thinking buyer.

The future of mobility is undeniably electric, and the Indian government is playing a significant role in accelerating this transition. To make EVs more accessible, road tax and registration fees have been waived in many states. Additionally, subsidies under the FAME II scheme make owning an electric car even more affordable, further encouraging adoption.

While electric cars aren't entirely eco-friendly—primarily because the electricity for charging often comes from non-renewable sources and the manufacturing of batteries has an environmental impact—they are undeniably efficient when it comes to running costs. Charging at home is significantly cheaper than refueling a diesel or petrol car, and with minimal maintenance needs, EVs save money in the long run.

Lifetime battery warranty and Battery as a Service are game changers.

Services like Battery-as-a-Service (BaaS) and lifetime battery warranties are reshaping how people view EV ownership. BaaS allows buyers to lease batteries instead of buying them outright, significantly reducing the upfront cost of an EV and alleviating concerns about long-term battery degradation. Similarly, manufacturers offering lifetime battery warranties are giving customers peace of mind about repair and replacement costs.

Range anxiety, once a major roadblock for potential EV buyers, is also fading fast. The number of fast-charging stations is steadily increasing across highways and urban areas, making long-distance travel much more feasible. On top of that, many EV manufacturers and energy providers are offering perks like free fast charging for a year, which adds value and convenience for early adopters.

Let’s explore some great EV options under ₹10 lakh that offer a blend of affordability, performance, and practicality for those considering making the switch to electric. If you already own a petrol car and are seeking a vehicle for daily commuting to the office, an electric car could be a smart choice.

1. MG Comet Exite FC (₹ 8.9 Lakhs On-Road- Delhi)

MG Comet EV flagship color The MG Comet Exite FC is a standout model, priced at ₹8.55 lakh, and it's currently one of the best-selling variants of the Comet lineup. This little electric car offers a perfect blend of compactness and practicality, making it ideal for city commuting.

One of the best things about the MG Comet is its size: it can fit into spaces where even a Maruti Alto would struggle. If you're living in a locality with congested areas or narrow lanes, this car is a game-changer. It's easy to maneuver, park, and navigate through traffic, making it perfect for urban environments. Despite its compact stature, the Comet doesn’t give off a "cheap" vibe like some other small cars (think Nano). Instead, it exudes a practical, well-built feel with a premium touch, far from feeling like a budget option.

The BaaS (Battery-as-a-Service) option further enhances its appeal by reducing the initial purchase cost and offering flexibility in battery leasing. This is a game-changer for people who want to avoid the concerns of battery degradation over time.

If you're looking for a no-brainer, cute, and efficient car that’s perfect for daily commutes of up to 50-60 km a day, the MG Comet Exite FC is a fantastic choice. It can go beyond that, but for city driving, especially with the current charging infrastructure, this range is more than sufficient.

CarWypar expert review for MG Comet Exite FC: 4.6/5

The MG Comet Exite FC has earned an expert rating of 4.6/5 for its practicality and features, making it a standout option in the budget electric car segment. It’s perfect for two adults and two kids, offering a surprisingly spacious cabin for a compact car. Though it can accommodate 4 adults, getting into the back seat requires folding the front seat, which can be a bit of a squeeze. Despite this, the Comet feels roomy for its size, with features like a modern infotainment system, automatic climate control, and dual airbags, adding to its appeal. Its Battery-as-a-Service (BaaS) option and efficient range of 230-250 km make it an ideal second car for daily city commutes, especially for those living in congested areas.

2. Tata Tiago EV XT-MR ((₹ 9.6 Lakhs On-Road- Delhi)

Tata Tiago EV 1.jpg With a range of 250 km, it offers 30-40 km more than the MG Comet Exite FC. The Tiago EV XT is the second base variant, which means it comes with the essentials like a basic infotainment system, but still includes features such as Bluetooth connectivity, steering-mounted controls, and Android Auto/Apple CarPlay.

One key advantage over the MG Comet is its conventional hatchback design, which comfortably accommodates 5 passengers, making it ideal for families with more adults than kids. It’s spacious and practical, especially for older people who frequently commute, providing more comfort for longer trips compared to the compact Comet. The Tiago EV provides a well-rounded experience at a very competitive price, though in some cases, depending on the location and offers, the price may creep slightly above ₹10 lakh. Still, it’s a great option for those looking for a budget-friendly EV with more passenger space and slightly higher range.

CarWyapar expert review for Tata Tiago EV XT-MR: 4.5/5

The Tata Tiago EV XT has earned an expert rating of 4.3/5 rating, and while it’s a fantastic option in its segment, it could easily be a 4.5/5 car if not for a few minor drawbacks. These points aren’t necessarily a reflection of the product itself, but rather the service experience.

3. MG Comet Excite (₹ 8.3 Lakhs On-Road- Delhi)

As we have already seen with the MG Comet Exite FC, the Comet Exite is essentially the same car, minus the fast charging feature. It retains all the key features that make the Comet a great option for city commuting.

The MG Comet Exite is ideal for people with predictable timings, as it’s well-suited for daily city commuting. While it doesn’t come with the fast charging capability, charging at home is still an option for most users. A full charge on the Exite typically takes around 6-7 hours via a regular charger, which, although slower than fast charging, is sufficient for overnight charging at home. Fast charging in the Comet Exite FC variant minimizes time occupancy, when one gets stuck, but for daily city use, regular charging is typically enough.

What sets the Comet Exite apart is that it’s priced around ₹50,000 less than the fast-charging Exite FC, making it a more budget-friendly option for those who don’t require fast charging but still want all the practicality and features that the Comet offers.

CarWyapar Expert Review for MG Comet Exite: 4.2/5

While the car offers excellent features and great value, the lack of fast charging does present a slight challenge. The FC variant does well in this regard, offering a quick charge in under 2 hours, which is a huge advantage, especially when you’re in a rush. However, with the Exite version, charging takes 6-7 hours via regular charging, requiring prior planning.

The main issue arises when you're caught off guard—say, you're planning a sudden night out or need to make an unplanned trip. You don’t always have the luxury of 6-7 hours to charge, and in those instances, the fast charging feature would be a game changer. If you had access to fast charging, you could easily top up the car in just a 2-3 hour window, making it a much more practical option than relying on your primary petrol vehicle.