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Under ₹8 lakh EVs: The new formula helping buyers save big on electric cars

Under ₹8 lakh EVs: The new formula helping buyers save big on electric cars

Battery-as-a-Service is making EVs cheaper in India. Explore affordable electric cars under ₹8 lakh, including Tata Tiago EV, MG Comet, Punch EV, Citroen eC3 and Kia Syros EV.

Business Today Desk
Business Today Desk
  • Updated Aug 4, 2026, 4:16 PM IST
Tiago Surprise
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Tiago Surprise

Tata Tiago EV is making electric mobility look less intimidating for budget buyers. With a starting price of ₹4.69 lakh under the BaaS model and battery rental of ₹2.6 per km, the hatchback brings down the biggest barrier to EV adoption — the high upfront cost. It offers two battery options, balancing affordability with everyday city driving needs.

Comet Challenge
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Comet Challenge

MG Comet EV is proving that a small electric car can create a big impact in crowded cities. Starting at ₹4.99 lakh with a battery rental model, this compact EV targets urban commuters who want easy manoeuvrability, lower running costs and a practical alternative to petrol-powered city cars without spending a fortune.

Punch Power
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Punch Power

Tata Punch EV brings the SUV appeal into the affordable electric segment with a bigger promise. Starting at ₹6.49 lakh under BaaS, it offers two battery pack choices and a claimed range of up to 468 km, making it one of the most interesting options for buyers seeking more space, power and longer journeys.

Citroen Value
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Citroen Value

Citroen eC3 is quietly building a case for affordable European electric mobility in India. With a starting price of ₹6.89 lakh and a battery rental option, the electric hatchback combines a 29.2 kWh battery pack with a practical 246 km range, targeting buyers looking for a comfortable city EV experience.

Syros Shock
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Syros Shock

Kia Syros EV enters the affordable EV race with a premium twist. Starting at ₹7.99 lakh under the BaaS model, it undercuts some rivals while offering larger battery options, stronger performance figures and up to 255 Nm torque, showing how affordable EVs are moving beyond basic city transportation.

Battery Game
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Battery Game

Battery-as-a-Service is changing the way Indians look at electric car ownership. Instead of paying the entire battery cost upfront, buyers can separate the vehicle purchase from battery usage through rental or per-kilometre plans, potentially making EVs easier to access for first-time buyers.

EV Battle
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EV Battle

India’s affordable electric car market is entering a new phase as Tata, MG, Citroen and Kia compete for everyday buyers. From compact city cars to electric SUVs, each model is chasing a different customer need — lower price, better range, more space or stronger performance.