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Tata Capital > Blog > Loan for Vehicle > Best Cars Under 15 Lakhs In India

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Best Cars Under 15 Lakhs In India

Best Cars Under 15 Lakhs In India

If you are in the market to buy a car with a budget of Rs 15 lakhs, there is no shortage of options. You can buy a luxury hatchback, a sedan, and even a 7-seater SUV. But when spending that much money on vehicles, everybody wants a deal that is a bang for their buck. So, if you wonder which is the best car for under 15 lakhs, we have got you covered.

Here is a list of some of the best cars below 15 lakhs in India:

1. Tata Nexon

Tata Nexon is a leader in the Indian compact SUV market and is the most demanded car in Tata's entire line-up. As of September 2022, the company has sold around 4 lakh units since the initial launch. 

Nexon is popular because it is a 5-seater SUV but not a full-size one. So, it is an ideal car for an average Indian family. At the same time, it has ground clearance, suspensions, tyres and the sturdy build of an SUV ideal for all types of terrain. So, Tata Nexon is the top car under 15 lakhs that you can get in India. 

Let us look at some specifications of Tata Nexon:

  • Engine: 1.2L Turbocharged petrol and 1.5L Turbocharged Diesel
  • Transmission: 6-speed manual/auto
  • Torque: 170 to 260 N·m
  • Mileage: 16 to 22 km/l
  • Safety rating: 5-star GNCAP
  • Price: Rs 7.60 – 14.08 lakhs
  • Variants available: 8 variants with 67 sub-variants

2. Mahindra Scorpio Classic

Mahindra Scorpio Classic is the second car on the list of best cars under 15 lakh. Even though more Indians nowadays seem to prefer compact SUVs and hatchbacks, Mahindra Scorpio has maintained its popularity over the years. Scorpio's bold design needs no introduction for Indian car lovers.

Scorpio Classic is the latest version which brings new features and more comfortable seats but retains the unique looks of the legendary 7-seater SUV. Here are some specifications that make the Scorpio Classic a powerful SUV and one of the best cars under 15 lakh in India:

  • Engine: 2.2 L 4-cylinder diesel
  • Transmission: 6-speed manual
  • Torque: 300 N·m
  • Mileage: ~15 km/l
  • Safety rating: Not tested 
  • Price: Rs 11.99 - 15.49 Lakh
  • Available variants: 2 variants

3. Hyundai i20 N Line

The third best-performing car under 15 lakh is the best-selling premium hatchback car – the Hyundai i20 N Line. Although there is a cheaper variant, N Line's specifications, design elements, and premium interior make the i20 N Line one of the best cars under 15 lakhs. 

The i20 N Line differentiates itself from other hatchbacks in the market by bringing premium features in its hatchback. You get an interior with ambient lights, auto-dimming IRVM, air purifier, wireless phone charging, 7-speaker Bose sound system and more, giving the Hyundai i20 the third spot on our list of best cars below 15 lakhs.

Hyundai i20 N Line specifications:

  • Engine: 1.0 L 3-cylinder petrol
  • Transmission: 6-speed manual and 7-speed automatic
  • Torque: 172 N·m
  • Mileage: ~20 km/l
  • Safety rating: Not tested
  • Price: Rs 10 to 12.11 lakhs
  • Variants: 2 variants available, namely N6 and N8

4. Honda City 2022

Sedans are synonymous with style, comfort and performance, and Honda City has been an iconic sedan ruling Indian roads since 1998. The latest version, i.e., the fifth-gen 2022 Honda City, adds new features, a better engine, premium interior, making it an outstanding car under 15 lakhs in India, especially for sedan lovers. 

It is a nice family car with ample space for 5 adults. Also, it has a boot space of 506 litres to store luggage. It also has options like automatic transmission, adjustable headrests and steering, a remote engine start, and a sunroof. The new Honda City has an amazing weight balance and rides height, so it clings onto the road so you feel confident and in control even at high speeds.

Here are some specs that land the new Honda City the fourth spot on our list of top cars under 15 lakhs:

  • Engine: 1.5-litre petrol and diesel engine
  • Transmission: 6-speed manual with option of a 7-speed CVT with petrol engine
  • Torque: 145 N·m
  • Mileage: Petrol MT – 17.8 Km/l, petrol CVT – 18.4 km/l, and diesel MT – 24.1 km/l
  • Safety rating: 4-star GNCAP
  • Price: Rs 11.57 to Rs 15.52 lakhs
  • Variants available: 9 variants

5. Tata Punch

Reacting to the changing needs and preferences of Indian car buyers' manufacturers have created a cross between hatchbacks and compact SUVs. The new segment is called micro-SUVs, and Tata Punch is leading the segment. It is one of the cheapest cars with a safety rating of 5 stars, and that is why it deserves mention in the list of best cars under 15 lakhs.

Tata Punch is your best option if you do not have a taste for hatchbacks, travel on irregular terrains, or your driving style fits an SUV but your parking space is too small to park an SUV. It has the dimensions of a hatchback but the ride height of an SUV, while its engine packs enough punch to help you cruise through even in tough terrains. It has enough room at the front and rear seats, ideal for 4 adults and a kid. It also has decent boot space to store luggage, making it a nice entry-level family car and a better choice for cars below 15 lakhs.

Tata Punch details and specifications:

  • Engine: 1.2 L 3-cylinder petrol
  • Transmission: 5-speed manual/automatic
  • Torque: 113 N·m
  • Mileage: ~19 km/l 
  • Safety rating: 5-star GNCAP
  • Price: Rs 5.93 to Rs 9.49 lakhs
  • Variants available: 4 main variants with 30 sub-variants

Hyundai Creta

The last on our list of top cars under 15 lakhs in India is a fan favourite Hyundai Creta. It is Hyundai's most successful vehicle, with sales figures in the same vicinity as that of their popular hatchback, the i20. Unlike the i20, Creta is a 5-seater compact SUV. So, it features a spacious interior, more comfortable seats, and bigger boot space.

With the latest facelift, Hyundai has given Creta an updated, bolder look at the front, LED DRLs, and a parametric grille. It also has features like ADAS and BlueLink. However, many features are available in top-end variants, which can cost anywhere from Rs 16 to 18 lakhs. But you can still get a variant with decent features, a strong engine, and a premium interior within your budget. That is why Hyundai Creta takes the last spot in our list of best cars under 15 lakhs in India.

Here are some specifications of the Hyundai Creta:

  • Engine: 4-cylinder 1.4-litre petrol and 1.5-litre diesel
  • Transmission: 6-speed manual with option of 7-speed automatic gearbox with petrol engine
  • Torque: 144 N·m
  • Mileage: 17 to 21 km/l
  • Safety rating: 3 star
  • Price: Rs 10.44 to Rs 18.24 lakhs
  • Variants available: 19

To conclude

That was our list of best cars under 15 lakhs. In India, hatchbacks, compact and micro-SUVs, and sedans are particularly popular, so we have covered the best car in each segment. So, no matter your commute or driving style, you can pick the best car below 15 lakhs for yourself.

Want to get your hands on any of these cars for cheaper? Consider buying them in the second-hand market. To finance your car, check out Tata Capital's vehicle loans. We at Tata Capital offer used car loans of up to Rs 50 lakhs and attractive interest rates. Visit the Tata Capital website to know more.

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