Air pollution is one of the major struggles today, and vehicles significantly contribute to it. To prevent this, it is a good idea to opt for electric cars. They are eco-friendly, technologically advanced, and cost-effective, making them a smart choice for anyone who is looking to buy a car. Since Indian manufacturers are offering cost-effective electric cars, and there is quick access to car loans, buying your dream electric vehicle (EV) is now easier than ever.
Check out this list of the top five budget-friendly EVs by Indian companies to make an informed decision.
- Mahindra eKUV100
This powerful EV comes with a 15.9 kW motor with liquid cool technology that offers 54Ps of power and 120NM torque. Its powerful, fast-charging battery can charge up to 80% in 50 minutes. The electric car also provides a mileage of 147 km. The estimated price of the vehicle ranges from INR 8 lakh to INR 9 lakh.
- Mahindra eXUV300
This is another top-quality EV from Mahindra that offers a mileage of approximately 400 km. It has a 150kW electric motor powered by a 60kWh battery. Estimated to be priced between INR 14 and INR 18 lakh, this car is a great choice if you prefer SUVs. You may choose from two variants—Standard and Extended. To get financing for this high-range EV, check your car loan eligibility online.
- Mahindra eVerito
With a 21.2 kWh lithium-ion battery, the electric car offers a 140 km mileage on a single charge. The powerful battery ensures 91 Nm of torque and 41.5 bhp of power. Its price starts from INR 13 lakh, and you may easily purchase the electric sedan by opting for car finance.
If you are looking for something futuristic at a cost-effective rate, this is the car for you. The three-wheeled vehicle provides a range of 200 km on a single charge. It is a two-door, two-seater car with a touchscreen interface. What’s the best part? Its estimated price is only INR 4.5 lakh, making it one of the most economical options in the EV segment.
- Tata Nexon EV XM
With a 30.2 kW li-ion battery, this car can operate smoothly under the most challenging conditions. The EV is also powered by a 3 Phase Permanent Magnet Synchronous Motor, offering an output of 129 PS. This model is currently available at INR 13.99 lakh. You can get a car loan online to purchase this EV.
With so many amazing electric cars to be launched in India, eco-conscious consumers can easily buy one that fits their needs and budget. If you are looking for vehicle financing, visit Mahindra Finance’s website to check the required car loan documents and get ready to own your electric car without any financial constraints.