Looking for affordable electric cars in India in 2026? Discover the top upcoming budget EVs under ₹6 lakh including Strom R3, Vayve EVA, Neo E, Ligier Myli, and Ola Electric Car with price, range, and launch details.
India’s electric vehicle market is entering its most exciting phase yet. With fuel prices rising and charging infrastructure improving rapidly, car buyers are now actively searching for affordable electric cars instead of expensive premium EVs.
Industry reports show India’s EV sector has grown rapidly over recent years, supported by government incentives and increasing adoption across cities.
The biggest change in 2026 is simple — electric cars are no longer luxury products. Several manufacturers and startups are preparing budget-friendly EVs priced close to small petrol cars.
Here are the Top 5 upcoming budget electric cars in India for 2026 that could transform urban mobility.
5. Strom R3 — Ultra-Compact City EV
The Strom R3 remains one of India’s most unique electric vehicles. Built by Mumbai-based startup Strom Motors, this compact EV is designed specifically for crowded urban roads.
Unlike conventional cars, it uses a three-wheel layout with two wheels at the front and one at the rear.
Key Specifications
- Seating Capacity: 2 passengers
- Expected Price: ₹4.5 lakh
- Top Speed: Around 80 km/h
- Range: Up to 200 km
- Charging Time: About 3 hours
Bookings for the vehicle have already started, highlighting growing interest in micro electric cars.
Thanks to its lightweight design and small footprint, the Strom R3 is ideal for daily city commuting.
4. Neo E — Electric Comeback of India’s Smallest Car Concept
The idea of an affordable electric replacement for the Tata Nano continues through the Neo E project, developed with improved safety and modern EV technology.
The vehicle has reportedly undergone road testing with updated design changes and stronger safety standards compared to earlier versions.
Expected Specs
- Battery: 17.7 kWh
- Range: Around 200 km
- Top Speed: Approx. 90 km/h
- Expected Price: Around ₹5 lakh
If launched successfully in 2026, Neo E could become one of the most accessible electric cars for first-time buyers.
3. Vayve EVA — India’s Solar Electric Car
One of the most innovative EVs expected in the budget segment is the Vayve EVA, developed by Pune-based Vayve Mobility.
This car combines electric charging with solar energy assistance, reducing overall running costs.
Highlights
- Battery: 18 kWh LFP battery
- Range: Up to 250 km
- Solar panels generate extra energy annually
- Fast charging support
- Estimated Price: ₹3.99–₹5.99 lakh
- The EVA is currently among the cheapest upcoming EVs in India, making it highly attractive for urban commuters.
2. Ligier Myli — European Micro EV Entering India
French automaker Ligier Mobility plans to bring its Ligier Myli electric microcar to India to compete with compact urban EVs.
Unlike many micro EVs, this vehicle features a proper four-wheel car design, giving buyers a more familiar driving experience.
Expected Features
- Top Speed: Around 70 km/h
- Range Options: 120–190 km
- Compact city-friendly dimensions
- Expected Price: Around ₹6 lakh
The car has already been spotted testing under Indian conditions, indicating a possible launch soon.
1. Ola Electric Car — India’s Most Anticipated Affordable EV
Ola Electric, which disrupted India’s scooter market, is now preparing to enter the electric car segment.
Although official specifications remain undisclosed, expectations are extremely high based on Ola’s existing EV ecosystem.
Expected (Unofficial) Performance
- Top Speed: 150 km/h+
- Range: 250–300 km
- Smart connected features
- Competitive pricing strategy
Experts expect Ola’s entry to intensify competition in the affordable EV segment and accelerate adoption.
Read Also: Best Family EV Cars for Parents With Small Children (2026 Guide)
Why 2026 Could Be the Breakthrough Year for Budget EVs
India’s electric car market is expanding rapidly with new launches across price segments and strong policy support.
Key reasons budget EVs are gaining popularity:
✅ Lower running costs than petrol cars
✅ Government incentives and EV policies
✅ Rapid charging infrastructure growth
✅ Urban traffic suited for compact EVs
✅ Increasing fuel prices
Manufacturers are now targeting the entry-level car segment, which dominates India’s automobile market.
Final Thoughts
The year 2026 could mark the true beginning of affordable electric mobility in India.
With prices starting near ₹4–6 lakh, EV ownership is becoming realistic for middle-class buyers. Vehicles like the Strom R3 and Vayve EVA focus on ultra-low running costs, while upcoming models from Ola and global brands promise better performance and features.
For buyers planning their first electric car, waiting for 2026 launches might be a smart decision.