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    On-Road Price India

    Electric Cars Under ₹12 Lakh - On-Road Price 2026

    Every electric car under ₹12 lakh with the full on-road breakdown - ex-showroom + RTO + insurance + TCS + registration, minus any state subsidies. 47 models updated for 2026.

    EV-friendly states (MH/DL/GJ/KA/TN) have 0% RTO on EVs

    How is on-road price calculated?

    Sample breakdown for a ₹12 lakh ex-showroom EV in Other state (default 9% RTO)

    Ex-showroom
    ₹12,00,000
    Manufacturer + dealer margin
    RTO road tax
    + ₹1,08,000
    9% of ex-showroom
    TCS (1%)
    + ₹12,000
    Refundable on ITR filing
    Insurance (1 yr)
    + ₹35,700
    ~3.5% of IDV (EV discount applied)
    Registration
    + ₹1,500
    State RTO fee
    State subsidy
    -
    If applicable
    Final on-road
    ₹13.57 L
    Premium over ex-showroom
    +13.1%

    47 EVs under ₹12 lakh - sorted by price

    VehicleEx-showroomOn-Road in Other
    Porsche Cayenne Electric
    Porsche
    		₹0.00 L₹0.01 LView
    Vayve Mobility Eva
    Vayve
    		₹3.25 L₹3.65 LView
    Strom Motors R3
    Strom Motors
    		₹4.50 L₹5.05 LView
    PMV EaS-E
    PMV Electric
    		₹4.79 L₹5.38 LView
    MG Comet EV
    MG
    		₹7.50 L₹8.41 LView
    Tata Tiago Ev
    Tata
    		₹7.99 L₹8.96 LView
    BYD Seagull
    BYD
    		₹8.00 L₹8.97 LView
    Tata Punch Ev
    Tata
    		₹9.99 L₹11.20 LView
    BYD Dolphin
    BYD
    		₹10.00 L₹11.21 LView
    Tata Tigor EV
    Tata
    		₹12.49 L₹14.13 LView
    Citroen eC3
    Citroen
    		₹12.90 L₹14.59 LView
    Tata Xpres-T EV
    Tata
    		₹13.04 L₹14.75 LView
    Mahindra XUV 3X0 EV
    Mahindra
    		₹13.89 L₹15.71 LView
    MG Windsor EV
    MG
    		₹14.00 L₹15.83 LView
    Mahindra XUV 400 Electric
    Mahindra
    		₹15.49 L₹17.51 LView
    KIA Carens Clavis EV
    Kia
    		₹17.99 L₹20.34 LView
    Hyundai Creta Electric
    Hyundai
    		₹18.02 L₹20.38 LView
    Mahindra BE 6
    Mahindra
    		₹18.90 L₹21.37 LView
    Mahindra XEV 9S
    Mahindra
    		₹19.95 L₹22.55 LView
    BYD Atto 3
    BYD
    		₹24.99 L₹28.25 LView
    BYD eMAX 7
    BYD
    		₹26.90 L₹30.41 LView
    Pravaig Defy
    Pravaig
    		₹39.50 L₹44.64 LView
    BYD Seal
    BYD
    		₹41.00 L₹46.33 LView
    Hyundai Ioniq 5
    Hyundai
    		₹46.30 L₹52.32 LView
    BYD Sealion 7
    BYD
    		₹49.40 L₹55.82 LView
    Volvo EX40
    Volvo
    		₹50.10 L₹56.62 LView
    BMW iX1 LWB
    BMW
    		₹50.90 L₹57.52 LView
    Mini Countryman Electric
    Mini
    		₹54.90 L₹62.04 LView
    Volvo EC40
    Volvo
    		₹59.00 L₹66.67 LView
    Tesla Model Y
    Tesla
    		₹59.89 L₹67.68 LView
    KIA EV6
    Kia
    		₹65.97 L₹74.54 LView
    Mercedes-Benz EQA
    Mercedes-Benz
    		₹67.20 L₹75.93 LView
    Mercedes-Benz EQB
    Mercedes-Benz
    		₹72.20 L₹81.58 LView
    BMW i5
    BMW
    		₹119.50 L₹135.02 LView
    Porsche Macan EV
    Porsche
    		₹121.62 L₹137.42 LView
    KIA EV9
    Kia
    		₹129.90 L₹146.77 LView
    Mercedes-Benz EQS Limousine
    Mercedes-Benz
    		₹130.00 L₹146.88 LView
    Mercedes-Benz EQS SUV EV
    Mercedes-Benz
    		₹133.50 L₹150.84 LView
    BMW iX Electric
    BMW
    		₹139.50 L₹157.62 LView
    Mercedes-Benz EQE
    Mercedes-Benz
    		₹141.40 L₹159.76 LView
    Porsche Taycan
    Porsche
    		₹169.78 L₹191.82 LView
    BMW i7
    BMW
    		₹205.00 L₹231.61 LView
    Lotus Emeya
    Lotus
    		₹233.51 L₹263.82 LView
    Mercedes-Benz Maybach EQS SUV EV
    Mercedes-Benz
    		₹240.00 L₹271.15 LView
    Mercedes-Benz G Class Electric
    Mercedes-Benz
    		₹310.00 L₹350.24 LView
    Lotus Emira
    Lotus
    		₹322.32 L₹364.15 LView
    GMC Hummer EV
    GMC
    		₹385.00 L₹434.97 LView

    On-road prices are estimates. Final dealer quote may vary by ±2-3% based on accessories, hypothecation charges, and exact RTO fees.

    Compare with other budgets

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    All EVs under ₹12 LBest picks under ₹12 LTotal cost calculator (5 yrs)EMI calculator

    FAQs - On-road price under ₹12 lakh