The Indian automotive market is evolving fast, with multiple new budget-friendly models set to launch between late 2025 and throughout 2026. Whether you’re looking for a practical hatchback under ₹10 lakh, an entry-level compact SUV, or an affordable electric vehicle (EV), there’s something for every price-conscious buyer. This comprehensive guide compares upcoming budget car prices, expected features, and key differences so you can make an informed decision before booking your next ride.
Table of Contents
- Overview: Indian Budget Car Market
- Top Upcoming Cars Under ₹10 Lakh
- Upcoming Cars ₹10-15 Lakh
- Budget EVs Coming Soon
- Price Comparison & Feature Battle
- Buying Tips for 2026 Budget Cars
- Conclusion
Overview: Indian Budget Car Market (2025–26)
India remains one of the world’s most competitive automotive markets, especially in the budget segment. Buyers are not only price-sensitive but also demand modern features such as touchscreen infotainment, safety assist systems, good mileage, and stylish design. Several upcoming launches reflect this trend, including small SUVs, hatchbacks, and compact EVs, all targeting various price brackets between ₹5-20 lakh. :contentReference[oaicite:0]{index=0}
Manufacturers like Maruti Suzuki, Tata Motors, Nissan, Volkswagen, and even EV-focused startups are planning launches that blend affordability with innovation — making the segment one of the most exciting for buyers in 2025–26. :contentReference[oaicite:1]{index=1}
Top Upcoming Cars Under ₹10 Lakh (2025–26)
Cars under ₹10 lakh remain the backbone of Indian road mobility. These models are ideal for first-time buyers, city commuters, and budget-oriented families. Here are the key launches to watch:
Tata Punch 2025
Expected to be one of the most popular budget SUVs in India, the Punch 2025 is likely to be priced around **₹6 lakh (ex-showroom)**. It combines compact SUV styling with practicality and strong fuel efficiency — making it an appealing option in crowded city traffic. :contentReference[oaicite:2]{index=2}
Nissan Gravite
The Nissan Gravite is another exciting entrant in this price bracket, expected around **₹6.20 lakh**. Positioned as a compact and affordable city car, it’s likely to appeal to younger buyers and daily commuters. :contentReference[oaicite:3]{index=3}
Leapmotor T03
With electrification trends growing in India, the **Leapmotor T03** is expected as an affordable EV option at around **₹8 lakh**. This makes it one of the lowest-priced EVs in the upcoming lineup, helping accelerate electric mobility adoption. :contentReference[oaicite:4]{index=4}
Maruti WagonR Electric (Expected)
Maruti Suzuki is also planning an **electric version of the WagonR**, with an estimated price around **₹8.50 lakh**. This could become one of the most accessible EV hatchbacks in the country. :contentReference[oaicite:5]{index=5}
Volkswagen Tera
A new budget hatchback from Volkswagen, expected to launch near **₹8 lakh**, offering German-engineering pedigree in the budget segment. :contentReference[oaicite:6]{index=6}
Upcoming Cars in ₹10-15 Lakh Range
The ₹10-15 lakh range is where features, space, and performance start becoming more premium without costing a fortune. Here are notable models:
Maruti Baleno 2026
A refreshed version of the ever-popular Baleno hatchback, expected around **₹6.80 lakh** — still inside the mass-market price range but with upgraded features and safety. :contentReference[oaicite:7]{index=7}
Maruti Brezza 2026
The new **Maruti Brezza** is expected around **₹8.90-14 lakh**, providing a modern compact SUV choice for Indian buyers. With strong brand recall and low service costs, it’s expected to be a top competitor. :contentReference[oaicite:8]{index=8}
Mahindra XUV 7XO
Though slightly higher in price, the **Mahindra XUV 7XO** is expected near **₹15 lakh** with advanced tech features like multiple screens and ADAS safety systems. This makes it a feature-rich contender in this segment. :contentReference[oaicite:9]{index=9}
Mahindra Bolero 2026
With rugged build quality and proven reliability, the **Bolero 2026** is expected between **₹10-12 lakh** — a good option if you want durability and space. :contentReference[oaicite:10]{index=10}
Budget EVs Coming Soon (Affordable Electric Car Segment)
Electric cars are now entering even the budget category, thanks to rising EV infrastructure and supportive policies.
Leapmotor T03 EV
As mentioned earlier, the **Leapmotor T03** is expected around **₹8 lakh** — making it one of the most affordable upcoming EVs in India. :contentReference[oaicite:11]{index=11}
Maruti WagonR Electric
The **WagonR EV** expected near **₹8.50 lakh** could appeal to urban families and daily commuters interested in electric mobility without a premium price tag. :contentReference[oaicite:12]{index=12}
Price Comparison Chart & Key Feature Battle
Here’s a side-by-side look at expected prices and target segments for the major upcoming models (2025-26):
| Model | Estimated Price Range (₹ Ex-Showroom) | Category | Key Highlights |
|---|---|---|---|
| Tata Punch 2025 | ~₹6.00 lakh | Compact SUV | Compact, efficient |
| Nissan Gravite | ~₹6.20 lakh | Hatchback | Budget city car |
| Leapmotor T03 | ~₹8.00 lakh | EV Hatchback | Affordable EV |
| Maruti WagonR EV | ~₹8.50 lakh | EV Hatchback | Trusted brand EV |
| Volkswagen Tera | ~₹8.00 lakh | Hatchback | European design |
| Maruti Baleno | ~₹6.80 lakh | Premium Hatch | Feature rich |
| Maruti Brezza 2026 | ~₹8.90-14 lakh | Compact SUV | SUV styling |
| Mahindra Bolero 2026 | ~₹10-12 lakh | MUV/SUV | Rugged & spacious |
| Mahindra XUV 7XO | ~₹15 lakh | Tech SUV | Advanced tech |
As you can see, the budget segment from ₹6-10 lakh is the most competitive, especially with multiple hatchbacks and compact SUVs slated for launch. EV choices in this range are also taking shape, offering environmentally friendly options for value-oriented buyers. :contentReference[oaicite:13]{index=13}
Buying Tips for Upcoming Budget Cars
Choosing the right car involves more than just price. Here are some tips to make the best decision:
- Feature Priorities: Decide whether safety (airbags, ABS), comfort (touchscreen, AC), or fuel economy matters most to you.
- Future Costs: Consider maintenance costs and resale value — Maruti and Tata models typically have strong network support.
- Test Drives: Always book a test drive before booking any upcoming model — factory specs may vary slightly in final versions.
- Booking Bonuses: During big launch months like January and February 2026, many dealers offer pre-launch discounts or accessories packages.
- Segment Upgrade: Sometimes spending slightly more (₹1-2 lakh extra) gives you significantly better features and space.
Conclusion
The upcoming budget car landscape in India (2025-26) promises exciting choices for price-conscious buyers. From compact SUVs like the Tata Punch to electrified hatchbacks like the Leapmotor T03 or the Maruti WagonR EV, the competition is intensifying. With estimated prices ranging from around ₹6 lakh to ₹15 lakh, buyers now have more variety at multiple price points than ever before. By comparing prices, features, and long-term ownership costs, you can choose the right car that fits both your needs and your budget.
