Upcoming Electric Vehicles in India 2024-2030 Under 5 Lakhs
Upcoming Electric Vehicles in India 2024-2030 Under 5 Lakhs

Upcoming Electric Vehicles in India 2024-2030 Under 5 Lakhs

In the 21st century, the demand for electric vehicles is gaining traction in India. Deforestation and more gasoline cars caused the rise in global temperature. In 2024, India’s average temperature will be 45 degrees Celsius. It will increase more without proper environmental awareness. In 2021, India committed to reaching net zero carbon emissions by 2070. It also set an EV adoption target for 2030. Here is a list of the upcoming electric vehicles in India. The product will cost under five lakhs, and the company will launch it between 2024 and 2030.

Upcoming Electric Cars in India Under 5 Lakhs

1. Strom Motors R3

Strom Motors R3 is a 2-seater electric hatchback suitable for urban buyers. The R3 is an urban electric three-wheeler car that costs ₹4.50 lakh and can provide 200 km on a single charge. A 48-volt electric system is part of it, which contains a 15kW motor, generating 20.4 PS and 90 Nm of torque. It allows top-up charging in 3 hours, which is excellent for daily use.

Strom Motors R3

The Strom Motors R3 has features. These include keyless entry and power windows. There’s also a digital driver’s display and a 7-inch infotainment touchscreen. You can control it with voice and gesture commands. It has climate control and GPS navigation. The R3 comes in many colours. The options are: White with a Black Roof, Red with a White Roof, Silver with a Yellow Roof, and Blue with a White Roof.

2. PMV EaS E

The PMV EaS E is an electric, two-seater smart microcar. The Indian startup PMV Electric made it. The EaS E carries a starting price of ₹4.79 lakh and claims a range of 160 km on a single charge. It has a 48-volt lithium iron phosphate battery. It has a permanent magnet synchronous motor. The motor delivers 13.5 PS with 50 Nm of torque. This little car reaches a top speed of 70 km/h. You can charge it in under four hours using a regular 15A power outlet. The PMV EaS E has a 10-inch touchscreen. It has Bluetooth. It also has a digital driver’s display. It has air conditioning and power windows. It also has connected car tech and a multifunction steering wheel. It features a driver airbag, belts and a reverse-gear camera.


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3. Tata Nano EV

Tata Nano EV (Jayem Neo) is the electric version of the legendary Tata Nano. The car will be a practical, cheap urban mobility solution. It will serve the mini-hatchback segment. The Nano EV is to have a 40-kilowatt-hour lithium-ion battery with up to 300 km of range on a full charge. Standard equipment will be essential. It will include power windows, air conditioning, and a semi-digital driver’s display. The safety features include dual front airbags, ABS with EBD, and rear parking sensors.

Tata Nano EV

The expected price range of the Nano EV is Rs. 6 to 9 lakh, which will make it one of the most affordable electric hatchbacks in the market. Factors like the FAME scheme by the Indian government will have a big say. They will decide the success of the Nano EV.

4. Mahindra Reva i

The Mahindra Reva I (REVAi) is a two-seat electric microcar for city driving only. The Reva i, which emerged in 2013 in the Indian market, had a range of up to 100 km with a lithium-ion battery pack. You can charge the car in about 5 hours, and it can reach a top speed of 90 km/h. The Reva i prices range from Rs 2.88 lakh to Rs 3.76 lakh. It’s a low-cost solution for buyers of this electric vehicle. This electric system is a 48-volt unit, and the motor’s most significant output is 17.4 bhp. The Reva i is simple and efficient in its design and is ideal for city cars. Standard features include air conditioning and power windows. The vehicle is small and light. This lets it stay efficient and easy to use in a city.

Mahindra Reva i

5. Yakuza Karishma

Karishma is an upcoming electric vehicle. It is rare. It targets urban commuters. Also, it is rarely heard of. The form of the EV aims to hit a sweet spot. It balances performance, efficiency, and affordability. Experts expect the Karishma to have a 30-kWh battery pack. Allegedly, it can travel up to 250 km on one charge. But, the vehicle will pair a 50 PS electric motor for a seamless, lively drive. We’ve expected the new car to have a touchscreen. It will also have power windows and air conditioning. There will be dual airbags, ABS, and rear parking sensors on the safety front. The upcoming Yakuza Karishma should be cheap. It will be a no-brainer for those who want something simple and affordable. Government incentives and subsidies for electric vehicles should make them even more attractive.

Yakuza Karishma

6. Bajaj Qute EV

The Qute EV is a compact electric quadricycle built for short urban commutes. It has a light body. Yet, it has a small footprint. This makes it easy to poke through clogged city streets. The Qute EV will likely offer a range of around 100 km on a single charge and a top speed of 70 km/h. The vehicle has basic interior features. These include air conditioning, power windows, and a digital driver’s display. Bajaj aims to use the Qute EV for affordable and convenient urban mobility. It’s a cleaner and greener alternative to polluting petrol vehicles.

Bajaj Qute EV

7. Altigreen neEV Low Deck

Altigreen makes the Low Deck neEV. Altigreen converts commercial vehicles to electric. These vehicles are for urban logistics and transportation. The lower deck design ensures quick loading and unloading of cargo. The NeEV Low Deck comes with an electric motor and provides a range of up to 150 km on a single charge. The Mini-Cargo electric tricycle is cheap and green. Someone created an alternative for urban logistics. The neEV Low Deck has regenerative braking. It also has air conditioning and a digital driver’s display. City logistics should find the system affordable. It must also keep emissions and costs low. Optimizing the design of an actual zero-emission vehicle without compromising space is essential. It will have a small, unchanged size and a capable, efficient powertrain. This design can be a necessary part of city delivery. It is also crucial for small distribution centre logistics.

Altigreen neEV Low Deck

8. Euler HiLoad EV

The Euler HiLoad EV is a commercial electric vehicle. It is developed for urban logistics and transport as part of the ecosystem. This product can hold a lot of capacity, and it’s durable. So, it’s suitable for heavy-duty jobs. A motor propels the HiLoad EV. The engine only drives with the electricity stored in its batteries. It has a range of up to 200 kilometres on a full charge. Urban planners built it as a cost-efficient and environmentally friendly logistics solution for cities. The HiLoad EV also has regenerative braking. It has air conditioning and a digital driver’s display. This car aims to help with city logistics, cutting emissions, and saving money. It is the vehicle of choice to deliver packages and transport goods at low running costs in urban areas.

Euler HiLoad EV

9. Mahindra Zor Grand

The Mahindra Zor Grand is a zero-emission commercial electric vehicle. It’s for urban logistics and transportation. Its superior loading capacity and rugged design make it ideal for heavy-duty work. A 5kWh lithium-ion battery can go 150 km on one charge. It powers the electric motor, which sits at the heart of the machine. The designers created the machine for affordable urban logistics. Some standard features are regenerative braking, air conditioning, and a digital driver’s display. The design is to provide an efficient urban logistics solution. The idea behind it is to cut emissions and costs. The vehicle has a large payload and a fuel-efficient engine. It can be helpful for urban delivery and transport.

Mahindra Zor Grand

10. Lohia Humsafar IB

The Lohia Humsafar IB is an electric cargo three-wheeler. Developers created it for last-mile delivery and urban logistics. Powered by a heavy-duty electric motor, the van has room for up to 500 kg of payload. Humsafar IB aims to handle narrow streets. It gives fast last-mile delivery of goods. It will change the game for urban logistics businesses. The Lohia Humsafar IB has some main highlights, such as a rigid chassis, a big cargo deck, and a cosy cabin for the driver, which comes with an electric version. It should be able to go about 100 km on a full charge. It also comes in petrol and diesel versions. Humsafar IB will be affordable and eco-friendly. It’s for companies that aim to cut their carbon footprints. The government has schemes to address the adoption of electric mobility. This includes schemes for electric commercial vehicles and charging infrastructure. They expect to promote the adoption of cars like the Lohia Humsafar IB. The policies also aim to lower the total cost of owning EVs. They also aim to make EVs attractive for businesses to choose over ICE vehicles.

Lohia Humsafar IB

11. Renault Kwid EV

The Renault Kwid EV will be an electric hatchback. It’s expected to be the most affordable EV. Coming up next, the Renault Kwid EV will bring a budget-efficient car to the Indian consumer. The Kwid EV will launch in January 2025. It will have a 26.8 kWh lithium-ion battery. It will range up to 230 km on a single charge. The car will get a 45 PS electric motor to develop 100 Nm of peak torque. Also, the Kwid EV will have a 10-inch touchscreen. It will have Apple CarPlay/Android Auto and some safety features. These include ABS with EBD and an electronic stability program. The Kwid EV will likely take on the Tata Tiago EV & MG Comet EV, among others. Priced at Rs 5 lakh, it hopes to introduce electric mobility to a broader audience. The Indian government supports it. They are pushing for electric vehicles and offering incentives and subsidies. The Kwid EV fits the bill due to its scale and the government’s support.

Renault Kwid EV

Key Points of Upcoming Electric Vehicles Under 5 Lakhs

Electric VehiclePrice (Ex-Showroom)Battery & RangeCharging TimeSeating CapacityKey Features
Strom Motors R3₹4.50 Lakh6 kWh, 200 km3 hours2-SeaterKeyless entry, 7-inch infotainment touchscreen, GPS navigation
PMV EaS E₹4.79 Lakh48V LiFePO4, 160 km4 hours2-SeaterRemote parking assist, connected car tech, multifunction steering wheel
Tata Nano EV₹5 Lakh (expected)40 kWh, 300 kmNot specified4-SeaterAir conditioner, power windows, ABS, 2 airbags
Mahindra Reva i₹5.96 Lakh48V, 100 km5 hours2-SeaterCompact design, eco-friendly, city car
Yakuza Karishma₹1.75 Lakh60V45Ah, 50-60 km6-7 hours3-SeaterBold LED DRLs, smart start & stop button, reverse parking camera
Bajaj Qute EVNot specifiedNot specifiedNot specified4-SeaterCompact design, fuel-efficient, easy maneuverability
Altigreen neEV Low DeckNot specifiedNot specifiedNot specifiedNot specifiedHigh payload capacity, robust design, efficient for logistics
Euler HiLoad EVNot specifiedNot specifiedNot specifiedNot specifiedHigh load capacity, durable design, cost-effective
Mahindra Zor GrandNot specifiedNot specifiedNot specifiedNot specifiedHigh torque, efficient for last-mile delivery, robust build
Lohia Humsafar IBNot specifiedNot specifiedNot specifiedNot specifiedAffordable, efficient for urban transport, easy maintenance
Renault Kwid EV₹ 5 LakhsNot specifiedNot specifiedNot specifiedStylish design, efficient for city driving, modern features

Government Incentives on Electric Vehicles

The Indian government has taken several steps to make electric vehicles familiar on Indian roads. The central government has also supported the FAME scheme. It offers incentives to EV buyers and promotes charging infrastructure. Also, the Production Linked Incentive (PLI) scheme supports making EV components in India. It will help the country to rely on itself for new technologies. NGOs also have a significant role in driving the adoption of EVs. Agencies like the Bureau of Energy Efficiency (BEE) and NITI Aayog are fixing these concerns. They run programs to educate and support consumers. They help businesses move to electric mobility.

What is the expected range of these electric cars?

Most upcoming electric cars will cost under five lakhs. They are expected to offer a range of 150-300 km on a single charge. The range depends on the model and battery size.

Are there any government subsidies available for electric cars in India?

Yes, the Indian government offers subsidies under the FAME scheme. They can reduce the cost of electric cars by up to Rs. 1.5 lakhs.

What are the charging options for electric cars in India?

Electric car owners can use a regular household socket. Or, they can install a dedicated EV charging station at home. Public charging stations are also being set up across major cities in India.

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