11 Upcoming Cars Under ₹15 Lakh in India in 2024

One of the fiercest markets in India is the automobile segment, which has been offering great options and feature-filled designs for ages. In the coming months of 2024, Indian car lovers will experience a new set of car launches backed by powerful features and stylish designs at a budget-friendly price. 

Most first-time car buyers look for a quality ride with packed characteristics at an affordable price. So, to cater to their needs and search, this article offers complete information on the upcoming cars in India under ₹15 lakhs.

Also, if you are planning to get a car, it is mandatory to have car insurance as per the Motor Vehicles Act of 1988. It also covers losses against theft, accidents, traffic fines, and damage to the car so that you can drive with peace of mind.

1. Tata Altroz Racer | Expected Launch Date: March 2024

The sportier version of the Altroz comes with a 1.2-litre turbo-petrol engine (making 120PS and 170Nm). This engine is hooked to a six-speed manual transmission only. The Altroz Racer has a more extensive touchscreen infotainment system with connected car tech, a semi-digital instrument cluster, ambient lighting, a sunroof and cruise control.

Key Specifications:

• Engine Displacement: 1198cc (petrol)
• Transmission: Manual
• Body Type: Hatchback
• Seating Capacity: 5
• Colours Available: 1

2. Mahindra Bolero Neo Plus | Expected Launch Date: May 2024

The successor of the Bolero Neo, the Bolero Neo Plus is soon to be launched in the Indian automobile market for private customers. It is already available in the market as ambulances. The regular version is expected to be available in three variants. 

It is rumoured to host a 2.2 L diesel engine with plenty of advanced features in the interiors.

Key Specifications:

• Engine Displacement: 1493cc (diesel)
• Transmission: Manual
• Body Type: SUV
• Seating Capacity: 7, 9
• Colours Available: Not Announced Yet

3. Mahindra Thar 5-Door | Expected Launch Date: June 2024

This elongated version of the Thar is expected to be launched soon this year. It will be available with the same engine as its predecessor. It will be available in two different variants. It will host a plethora of premium features when it comes to infotainment and interiors.

Key Specifications:

• Engine Displacement:  2184cc (petrol and diesel)
• Transmission: Manual/Automatic
• Body Type: SUV
• Seating Capacity: 5
• Colours Available: Not Announced Yet

4. BYD Seagull | Expected Launch Date: July 2024

The Seagull is expected to have two battery pack choices: 30kWh and 38kWh, hooked to 72 PS and 100 PS motors, respectively. The ranges provided could be 305 km and 405 km, respectively.

Key Specifications:

• Battery Capacity: 30kWh/38 kWh
• Transmission: Automatic
• Body Type: Hatchback
• Seating Capacity: 5
• Colours Available: Not Announced Yet

5. Tata Curvv | Expected Launch Date: August 2024

Tata’s SUV coupe will use a new 1.2-litre turbo petrol TGDi engine (125 PS / 225 Nm). It could be available with a 6-speed manual or a 7-speed dual-clutch automatic transmission. Tata will also offer it with the Nexon’s 1.5-litre diesel engine (115 PS/260 Nm), likely with manual and automatic transmissions. It will also have all the advanced features of the other Tata cars.

Key Specifications:

• Engine Displacement: 1498cc
• Transmission: Manual
• Body Type: SUV-Coupe
• Seating Capacity: 5
• Colours Available: 1

6. Maruti Swift Hybrid | Expected Launch Date: September 2024

Another notable upcoming car under 15 lakh is the Maruti Swift Hybrid, which has a 1.2 L K12C Dual-Jet engine type. Maruti is known for its durability and astounding mileage and is available with power-packed features at an affordable price.

Key Specifications:

• Engine Displacement: 1197cc (petrol)
• Transmission: Manual
• Body Type: Hatchback
• Seating Capacity: 5
• Colours Available: 1

7. Mahindra Bolero 2024 | Expected Launch Date: November 2024

The very popular SUV from Mahindra will soon get an upgrade, the Mahindra Bolero 2024. It is expected to be launched by the end of 2024. The SUV may get an automatic transmission this time.

Key Specifications:

• Engine displacement: 1999cc
• Transmission: Manual
• Body Type: SUV
• Seating Capacity: 7
• Colours Available: Not Announced Yet

8. Nissan Compact SUV | Expected Launch Date: January 2025

In partnership with Renault, Nissan is soon about to launch an SUV, the Compact SUV. It is expected to have the same powertrain as the Renault Duster. It will also have advanced features like a large touchscreen display, climate control, wireless phone charging, and many more.

Key Specifications:

• Engine displacement: 1461cc (Petrol)
• Transmission: Manual
• Body Type: SUV
• Seating Capacity: 5
• Colours Available: Not Announced Yet

9. Jeep Sub-4m SUV | Expected Launch Date: May 2025

Jeep has confirmed that it will be launching its sub-4m SUV in India. It is expected to be based on PSA Group’s common modular platform (CMP). A 1.0-litre turbo-petrol (120PS) engine is expected to be offered in European countries. 

Jeep could also offer its first sub-4m SUV with PSA’s 1.2-litre turbo-petrol unit. What’s more, it could also come with a plug-in hybrid powertrain.

Key Specifications:

• Engine displacement: 1998cc (Diesel)
• Transmission: Manual
• Body Type: SUV
• Seating Capacity: 5
• Colours Available: Not Announced Yet

10. Renault Duster 2025 | Expected Launch Date: October 2025

The new-gen Duster comes with three powertrain options: a 130 PS, 1.2-litre turbo-petrol powertrain paired to a 48 V mild hybrid system, a potent hybrid 140 PS 1.6-litre 4-cylinder petrol engine paired to 2 electric motors powered by a 1.2kWh battery pack, and the third is a combination of petrol and LPG. The 1.2-litre unit is offered with a 6-speed transmission powering all four wheels.

Key Specifications:

• Engine displacement: 1499cc (Petrol)
• Transmission: Manual/Automatic
• Body Type: SUV
• Seating Capacity: 5
• Colours Available: Not Announced Yet

11. Renault Kardian | Expected Launch Date: June 2026

The Renault Kardian has been unveiled globally. It is expected to have a 1-litre 3-cylinder turbo-petrol engine, which makes 120PS and 220Nm. It is also hooked to a 6-speed automatic transmission. The car is supposed to be launched in India in 2026.

Key Specifications:

• Engine displacement: 1199cc (Petrol)
• Transmission: Manual
• Body Type: SUV
• Seating Capacity: 5
• Colours Available: Not Announced Yet

This is from our end of the list of upcoming cars under ₹15 lakhs in India. Hope you choose the right one for you!

Also, obtaining third-party car insurance coverage is advisable to ensure financial security in case of a mishap.