Best Value for Money Cars in India
For most Indian car buyers, getting maximum bang for their buck is the top priority. We love our frugal Marutis and Tatas that squeeze every last kilometre out of a litre of fuel. We look for models that offer the latest features and decent space at just the right price point. And we certainly appreciate after-sales support that doesn't burn a hole in our pockets.
So, when it comes to choosing a new set of wheels, value for money takes precedence over everything else for most Indian car buyers.
What Makes a Car Good Value for Money?
Here are some of the factors that determine if a car offers good value or not:
The car should be affordable and competitively priced within its segment.
- Fuel economy
Mileage is extremely important for Indian buyers. A fuel-efficient car can help save a lot on running costs.
The engine must provide adequate power and response for daily city driving conditions.
- Space and Comfort
Having decent legroom, headroom, and boot space for occupants and luggage is a must.
Key convenience and safety features should be available, even in base variants.
- After-sales service
The manufacturer should have a wide service network and provide hassle-free after-sales support.
Keeping these parameters in mind, let's look at some of the best value-for-money car options in India currently across various segments.
Tata Motors seems to have found the perfect formula when it comes to providing features and performance at aggressive prices. The Tata Nexon subcompact SUV is a prime example of this. Available with both petrol and diesel engines, Tata Nexon combines sporty looks with spacious interiors.
The 1.2L turbocharged petrol motor churns out 120PS, making it great for city driving. Mileage is also respectable at around 17km/l. The feature list is comparable to cars double its price - a floating 10.25-inch touchscreen, auto headlamps, rain sensing wipers, wearable key and more. Six airbags, traction control, hill assist and ISOFIX seats make it very safe. With ex-showroom prices from 8.10 lakhs, the value quotient of the Tata Nexon is very hard to beat.
The Tiago hatchback from Tata Motors has been a game changer for the company in the budget segment. With prices starting at just 5.60 lakhs, the Tiago offers terrific value. Available with both petrol and CNG options, it delivers mileage in the range of 19 to 26.5 km/l, which is excellent.
Performance from the 1.2L petrol engine is good with 73PS power output. The cabin feels premium and gets basic features like a 7-inch touchscreen system, power windows and keyless entry, even in the base variant. Safety is also taken care of with dual airbags and ABS as standard. Overall, Tata has packed in great design, features and performance at a hard-to-beat price.
Hyundai Grand i10 Nios
Hyundai has always offered feature-rich cars, and the Grand i10 Nios is no exception. It looks trendy, comes loaded with equipment and has efficient engines. The 1.2L petrol motor returns 21km/l mileage and gets the option of both manual gearbox and AMT automatic.
Interiors feel premium with a well-laid-out cabin that includes an 8-inch touchscreen, wireless charging, reversing camera, push-button start/stop and more. Dual front airbags, ABS with EBD, rear parking sensors and seat belt reminders make it quite safe. With prices from 5.73 lakhs, the Grand i10 Nios gives you the feel of driving something more expensive.
Maruti Suzuki Baleno
When it comes to offering value, Maruti Suzuki is the master. The Baleno is India's best-selling premium hatchback due to the unbeatable price-to-feature equation it provides. The refined 1.2L K12M petrol engine delivers 22km/l fuel economy, which is simply outstanding.
The spacious cabin looks modern with its flowing dashboard design and easy-to-use touchscreen system. Even in the base Sigma variant, you get essentials like rear parking sensors, keyless entry, power windows and dual airbags. Higher variants add premium kits like LED projector headlamps, auto climate control, and alloy wheels. With ex-showroom prices ranging from 6.61 lakhs to 9.88 lakhs, the Baleno checks all the right boxes.
Maruti Suzuki Dzire
The sub-4 meter sedan segment was kickstarted in India by the Maruti Suzuki Dzire. Now in its 3rd generation, it continues to be India's best-selling sedan thanks to the fantastic value it provides. Under the hood sits the familiar 1.2L petrol motor that delivers 22km/l mileage, which is the best in the segment.
Being a Maruti, you can always expect a long feature list. Dual airbags, ABS, rear parking sensors, push-button start/stop, auto climate control, touchscreen system and more are available depending on the variant selected. Swift-like handling combined with good interior space makes the Dzire suitable for small families. With prices in the range of 6.51 lakhs to 9.39 lakhs, the Dzire undeniably offers a great value.
While Honda cars are generally pricier, the Amaze compact sedan represents excellent value for money once you consider the ownership experience. Available with both petrol and diesel engines, claimed fuel efficiency stands at 18.6km/l and 24.7km/l, respectively. It makes running costs very low.
The interiors are well appointed with a simple but classy-looking dashboard. Space inside the cabin is plentiful for 4 adults. The petrol engine option is especially smooth and refined. In terms of safety, dual front airbags, ABS with EBD, rear parking camera and ISOFIX seats are part of the standard equipment. With prices from 6.65 lakhs onwards, the Amaze makes for a sensible purchase for many.
The Bottom Line
As we saw, Tata and Maruti Suzuki, in particular, are offering cars stacked with features, safety equipment, spacious interiors and fuel-efficient engines at very reasonable prices. Smart buyers looking to maximize the value from their limited budgets should definitely consider these models. Test-driving them before purchase is highly recommended.
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