New Electric Cars Expected To Launch Soon In India – Under Rs. 15 Lakh

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Hyundai is preparing a compact electric SUV soon while Maruti Suzuki, Renault and VinFast have also been linked to affordable EV projects

The sub Rs. 15 lakh electric car category in India currently has a variety of hatchbacks, compact SUVs and crossovers from Tata Motors, JSW MG, Citroen and Mahindra. The growing selection has also encouraged other manufacturers to evaluate smaller electric vehicles for the domestic market. Hyundai is preparing to introduce an electric SUV manufactured in Tamil Nadu in the coming months while Maruti Suzuki could explore a more affordable alternative to the e Vitara. Renault and VinFast have also outlined plans for affordable EVs. Here are the models worth keeping an eye on:

1. Hyundai Compact Electric SUV

The first quarter of 2027 will see Hyundai introduce an all-new compact electric SUV in India. The vehicle is currently known by its internal designation HE1i and will be positioned beneath the Creta Electric. Production will take place at the Sriperumbudur plant in Tamil Nadu. The Korean manufacturer will utilise its E-GMP (K) architecture which also serves the international Inster electric hatchback and it could be dubbed the Ioniq P.

The India-spec model will feature SUV styling and is expected to compete against the Tata Nexon EV, Mahindra XUV 3XO EV and other similarly priced electric vehicles. The Hyundai EV will be sold in two battery configurations to accommodate different driving requirements. The manufacturer has already confirmed Level 2 ADAS technology and a new infotainment interface. Battery cells will initially come from Svolt before domestically manufactured alternatives from Exide become available.

2. Maruti Suzuki Fronx EV

Maruti Suzuki has prioritised the e Vitara as its first BEV for India and is doing decent numbers. However, the manufacturer could eventually introduce a smaller electric SUV to compete in the more affordable categories. The Fronx has emerged as one of the possible candidates according to reports. An electric version could retain the familiar crossover styling while receiving an electric drivetrain and a revised interior.

The petrol powered Fronx has already established itself in the compact crossover category and an electric derivative could allow Maruti Suzuki to compete directly against the Tata Punch EV. The company has also been associated with reports concerning an electric MPV and another compact SUV. The former could be displayed at the Bharat Mobility Expo in 2027.

3. Renault And VinFast Affordable Electric Cars

Renault had previously confirmed an A-segment electric vehicle for India in partnership with Nissan. Announced in February 2023, the project involved two affordable electric cars intended for local manufacturing at the Chennai facility. The manufacturers proposed extensive domestic component sourcing to maintain competitive production costs but we don’t know anything more on it since then.

VinFast, the Vietnamese manufacturer, is reportedly working on two projects identified internally as VF X and VF Y. The VF X is expected to be smaller than the VF 6 but larger than the two-door VF 3 sold internationally. Reports suggest that VinFast could target aggressive pricing and local manufacturing could help the company achieve it.

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