Upcoming Cars Under ₹15 Lakhs In India 2023-24 – Expected Price & Specs

Upcoming Cars Under ₹15 Lakhs In India 2023-24 – Expected Price, Mileage, Specifications

Upcoming Cars Under ₹15 Lakhs In India 2023-24 – Expected Price, Mileage, Specifications

Get ready, India! Because in the coming years, India’s automotive market is anticipated to rank as the third largest in the world.

In response to this surging demand, automobile manufacturers are consistently upgrading their existing models and introducing fresh ones across various categories. This progress is closely tied to shifts in what customers are looking for when they buy a car. 

Thus, we’ve put together a comprehensive list of the most exciting new cars that are expected to be available in India for less than 15 Lakhs in 2023 and 2024 for you. This list includes their estimated prices and when they’re likely to be launched.

So, join us on this captivating journey as we delve into the realm of these extraordinary automobiles.        

ModelFuel TypeBody TypeMileageEx-Showroom Price
Mahindra Bolero Neo PlusDieselSUV17.3 Kmpl₹10 Lakh
Tata Punch EVElectricSUV315 Km/Charge₹12 Lakh
MG Baojun 510PetrolSUV20.3 Kmpl₹11 Lakh
Jeep Sub-4m SUVDieselSUVNA₹10 Lakh
Hyundai StargazerPetrolMUV15.7 Kmpl₹10 Lakh
Mahindra Thar 5-DoorDieselSUV15.2 Kmpl₹15 Lakh
Hyundai Creta 2024PetrolSUV16.8 – 21.4 Kmpl₹10.5 Lakh
BYD SeagullElectricHatchback300 Km/Charge₹10 Lakh
Mahindra XUV500 2024DieselSUV16 Kmpl₹12 Lakh
Toyota BeltaPetrolSedan20.7 Kmpl₹10 Lakh

1. Mahindra Bolero Neo Plus

Mahindra Bolero Neo Plus

Get ready for an exciting debut from Mahindra! The upcoming Bolero Neo Plus SUV is gearing up to hit the streets in September 2023. This impressive vehicle takes inspiration from the TUV300 Plus, which had its time in the spotlight. 

Now, it’s the Bolero Neo Plus that’s stealing the show, designed especially for people living in Tier-2 cities who want more from their driving experience.

This car promises ample space, comfort, and a range of features that will resonate with Indian drivers. You can expect convenient power windows, easy keyless entry, smooth cruise control, adjustable side mirrors, effective safety features like ABS with EBD and cornering brake control, and secure ISOFIX child seat mounts.

The upcoming Bolero Neo Plus will also offer a high-quality audio system, an 8-inch touchscreen display, and a variety of advanced functions. If you’re seeking a new car that’s certain to enhance your journeys, the Mahindra Bolero Neo Plus deserves your attention.

Ex-showroom price (Delhi): ₹10 Lakh

Expected Launch Date: 20 September 2023

Key Specifications of Mahindra Bolero Neo Plus (Expected)

Engine1.5-litre M-Hawk diesel engine
Mileage17.3 Kmpl
Maximum Power100 Bhp
Peak Torque260 Nm
Fuel Type:Diesel
Seating Capacity9
Body TypeSUV

Key Features (Expected): 

LED Daytime Running Lights
Projector Headlight Set-Up
Touchscreen Infotainment System with Apple CarPlay & Android Auto
ABS with EBD
Rear Parking Sensors
High-Speed Alert System

Read More: Best Mahindra Cars in India 2023

2. Tata Punch EV

Tata Punch EV

Tata Motors has taken a thrilling step by opening bookings for its highly anticipated micro SUV, the “Punch,” in India. In fact, the grand unveiling of the Punch is set for December 1st 2023, creating an air of excitement. 

Beyond this, Tata is also hinting at an electric version of the Punch, aligning with their commitment to eco-friendly mobility solutions. Reports suggest that the Tata Punch EV will belong to the same family, utilising the trusted ALFA-tech platform along with the Ziptron technology, which has already proven its worth in the Tata Nexon Electric car.

Stepping inside the Punch, you’ll be greeted by a fresh interior design that offers both comfort and space. Further, the car boasts a 7.0-inch infotainment screen and a digital instrument cluster that provides essential information in an intuitive manner. 

Overall, with features like ADAS, Tata Connect, a remarkable 14-speaker Meridian surround sound system, and more, the Punch promises a delightful driving experience. 

Ex-showroom price (Delhi):  ₹12 Lakh

Expected Launch Date: 1 December 2023

Key Specifications of Tata Punch EV (Expected)

Engine1.2-L Petrol Engine
Mileage315 Km/Charge
Maximum Power80 Bhp
Peak Torque120 Nm
Fuel Type:Electric
Seating Capacity5
Body TypeSUV

Key Features (Expected): 

7-Inch Harman Touchscreen Infotainment Unit
Semi-Digital Instrument Cluster
Automatic Climate Control
Electric Parking Brake
Advanced Driver Assist System (ADAS)
Fog Lamps & Split Headlamps

Also Read: Tata Electric Cars in 2023

3. MG Baojun 510

Baojun 510

Get ready because, in the second half of 2023, India will be welcoming the MG Baojun 510 with open arms. This striking SUV is drawing inspiration from its larger counterpart, the MG Hector and shares several exterior design elements that catch the eye.

At the front, you’ll find stylishly positioned headlamps, a broad grille, and LED DRLs that light up the road. Moving along the sides, the SUV’s flared wheel arches, gracefully sloping rear roofline, and distinctive boomerang-shaped tail lamps create an alluring profile. Step inside, and you’ll be greeted by a sophisticated black interior adorned with silver accents on the dashboard and doors.

But that’s not all – the Baojun 510 comes packed with further features like temperature control, a 7-inch LED touchscreen infotainment system equipped with both vehicle information and Android Auto, and even elegant piano-shaped control buttons.

MG does not stop here because they’re bringing their i-SMART connected car technology to the mix, ensuring a seamless and integrated driving experience. Safety is a priority too, with dual front airbags, ABS with EBD, and ESC expected to come standard across all variants. 

Ex-showroom price (Delhi): ₹11 Lakh

Expected Launch Date: 15 December 2023

Key Specifications of MG Baojun 510 (Expected)

Engine1.5L S-TEC III Petrol Engine
Mileage20.3 Kmpl
Maximum Power115 Bhp
Peak Torque146 Nm
Fuel Type:Petrol
Seating Capacity5
Body TypeSUV

Key Features (Expected): 

An 8-Inch touchscreen infotainment system that supports smartphones & reverses camera display connectivity
Electronic ORVMs with heat and folding
Dual Front Airbags and Side Airbags
Start Push Button
Tyre Pressure Monitoring System
Cruise Control

Read More: Upcoming Automatic Cars in India

4. Jeep Sub-4m SUV

Jeep Sub-4m SUV

For those seeking a compact and stylish ride without compromising on power and performance, Jeep’s new sub-4m SUV stands as the ultimate choice. This SUV is tailor-made for adventurous souls, blending rugged construction and cutting-edge tech to conquer diverse terrains. 

Inside, you’ll find a spacious cabin offering generous leg and headroom. The infotainment system comes complete with Apple CarPlay and Android Auto compatibility, keeping you connected on the road. Safety takes centre stage too, with features like lane departure warning, blind-spot monitoring, and forward collision warning adding an extra layer of security.

Whether you’re after a dependable daily ride or a fearless off-road companion, the Jeep sub-4m SUV has your back. It’s your ticket to a secure and comfortable journey, no matter where your path leads you.

Ex-showroom price (Delhi): ₹10 Lakh

Expected Launch Date: 30 December 2023

Key Specifications of Jeep Sub-4m SUV (Expected)

Engine1.2-L Turbo-Petrol Engine
Maximum Power118 Bhp
Peak Torque190 Nm
Fuel Type:Diesel
Seating Capacity5
Body TypeSUV

Key Features (Expected): 

Advanced Suspension System & Powerful Engine
Infotainment system with Apple CarPlay & Android Auto compatibility
Lane Departure Warning
Blind-Spot Monitoring
Forward Collision Warning
High-End Entertainment Systems

Check out our collection of Used Jeep Cars in India

5. Hyundai Stargazer

Hyundai Stargazer

Exciting news is on the horizon for India as Hyundai’s Stargazer MPV could soon grace its roads following a successful preview in Indonesia. This captivating MPV is likely to offer a trio of engine choices: a 1.5L diesel, a 1.5L petrol, and a punchy 1.4L turbo petrol, all accompanied by a 6-speed manual transmission. 

Automatic variants might include an IVT with the 1.5L petrol, a 7-speed DCT with the turbo petrol, and a 6-speed AT with the diesel version. 

From sneak peeks, it’s clear that the Stargazer embraces a modern, futuristic design. LED DRLs grace the front, complementing the bold grille and LED projector headlights. 

Inside, you can look forward to a feature-rich experience with a spacious touchscreen infotainment system, wireless Apple CarPlay and Android Auto, wireless charging, a panoramic sunroof, a 360-degree camera, TPMS, advanced safety measures, BlueLink connectivity, and more. 

Get ready to embark on journeys with the Hyundai Stargazer that promises a fusion of style and innovation!

Ex-Showroom Price (Delhi): ₹10 Lakh

Expected Launch Date: 15 February 2024

Key Specifications of Hyundai Stargazer (Expected)

Engine1.5 L Petrol Engine
Mileage15.7 Kmpl
Maximum Power138 Bhp
Peak Torque143 Nm
Fuel Type:Petrol
Seating Capacity7
Body TypeMUV

Key Features (Expected): 

Automatic Climate Control
Auto Collision Notification
Roadside Assistance
Stolen Vehicle Notification
Driving Information & Vehicle Health Report
Geo-Fence Notification

6. Mahindra Thar 5-Door

Mahindra Thar 5-Door

The Mahindra Thar has emerged as a star player, capturing hearts as one of the most coveted SUVs in the Mahindra lineup. With an impressive backlog of bookings, its popularity only seems to soar. However, there’s a new contender stealing the spotlight – the upcoming Mahindra Thar 5-Door. 

Spotted several times, this version stands out with its substantial presence on the road. It’s anticipated to retain the reliable 2.0-L petrol and diesel engine choices, offering respective power outputs of 150bhp/320 Nm and 130bhp/300Nm, along with the option of manual or automatic transmission.

Off-road enthusiasts will be pleased to know that both versions are expected to feature 4WD capabilities, as that’s a hallmark of the Thar’s allure.

The Thar 5-Door is also set to receive design updates, including a fresh grille and revamped bumpers. Inside, a refreshed dashboard layout, updated upholstery, and enhanced storage solutions are likely in store. 

The driving experience might get a boost from new features like a centre armrest, a larger infotainment system, and improved storage convenience. So, get ready for an exciting new chapter in the Thar saga!

Ex-showroom price (Delhi): ₹15 Lakh

Expected Launch Date: 15 March 2024

Key Specifications of Mahindra Thar 5-Door (Expected)

Engine2.2-L mHawk Diesel Engine
Mileage15.2 Kmpl
Maximum Power152 Bhp
Peak Torque320 Nm
Fuel Type:Diesel
Seating Capacity5
Body TypeSUV

Key Features (Expected): 

7 slats front grille
LED DRLs mounted on its fenders
18” Alloy Wheels
8-inch touchscreen infotainment system
Automatic Climate Control
360-Degree Camera

Check out our collection of Used Mahindra Cars in India

7.  Hyundai Creta 2024

Hyundai Creta 2024

Great news for Indian SUV enthusiasts: the refreshed Hyundai Creta is set to make its debut in 2024, offering a fresh take on styling that will distinguish it from its global counterparts. This upgraded version will retain the trusted 1.5-litre petrol and diesel engine from the current Creta lineup, while the eagerly anticipated 1.5-litre turbo petrol engine is also on the horizon.

The 2024 Creta is expected to maintain the existing six-speed manual gearbox while introducing tailor-made automatic options for each engine. This revamped model will incorporate a range of exciting features, including a touchscreen infotainment system with Apple CarPlay and Android Auto, a premium Bose sound system, connected car technology, a sizable 10.25-inch digital driver’s display, cruise control, a panoramic sunroof, climate control, and even a convenient wireless phone charger.

Safety won’t be compromised, with provisions like six airbags, ABS with EBD, parking sensors complete with a camera, and electronic stability control. 

Moreover, the upcoming Creta will embrace cutting-edge Autonomous Driver Assistance Systems (ADAS), encompassing intelligent features such as blind-spot detection and forward and rear collision avoidance assistance. 

Get ready for an exhilarating upgrade in 2024 with the facelifted Hyundai Creta!

Ex-showroom price (Delhi): ₹10.5 Lakh

Expected Launch Date: 15 April 2024

Key Specifications of Hyundai Creta 2024 (Expected)

Engine1.5 L U2 CRDi
Mileage16.8 – 21.4 Kmpl
Maximum Power116 PS
Peak Torque250 Nm
Fuel Type:Petrol
Seating Capacity5
Body TypeSUV

Key Features (Expected): 

Touchscreen Infotainment System with Apple CarPlay & Android Auto
Bose sound system
10.3-Inch digital driver’s display
Autonomous Driver Assistance Systems (ADAS)
Blind Spot Detection
Forward & rear collision avoidance assist

Check out our collection of Used Hyundai Cars in India

8.  BYD Seagull

BYD Seagull india

A fresh contender has stepped into the realm of compact electric cars. BYD Auto, a prominent name in the global electric car landscape, proudly presents the BYD Seagull. This charming 5-door electric car boasts an array of impressive features and an appealing range. The grand reveal took place at the 2023 Shanghai Auto Show, creating a buzz of excitement.

Inside the Seagull’s cabin, you’ll find a 5-inch instrument console, a spacious 12.8-inch infotainment screen, and a sporty flat-bottom steering wheel. 

The layered dashboard design exudes sophistication, while perks like a powered driver’s seat, integrated wireless charging station, and conveniently placed cup holders elevate its premium feel.

In the Chinese market, the Seagull’s primary rival is the Billing Bingo electric hatchback, crafted by the SAIC-GM Wooling JV. Notably, the Bingo takes the lead in terms of range, courtesy of its larger battery pack. 

But as the competition heats up, the stage is set for an exciting chapter in the world of small electric cars with the introduction of BYD Seagull.

Ex-showroom price (Delhi): ₹10 Lakh

Expected Launch Date: 15 July 2024

Key Specifications of BYD Seagull (Expected)

EngineLithium-Ion Battery
Mileage300 Km/Charge
Maximum Power75 Hp
Peak Torque135 Nm
Fuel Type:Electric
Seating Capacity4
Body TypeHatchback

Key Features (Expected): 

12.8-Inch Infotainment Screen
Flat-Bottom Steering Wheel
Powered Drive Seat
Integrated Wireless Charging Post & Cup-Holders
5-Inch Instrument Console
FM, DAB Radio & Bluetooth

9.  Mahindra XUV500 2024

Mahindra XUV500 2024

Mahindra’s design expert, Pratap Bose, has offered us an early glimpse of what the long-anticipated XUV500 might bring to us. A striking departure from its predecessor, this mystery SUV flaunts distinctive flared wheel arches, an upright A-pillar, and an elegantly sloping roofline.

The next-gen XUV500 is anticipated to house the efficient 1.2-litre petrol and 1.5-litre diesel engines from the XUV300, distinguishing it from the XUV700’s larger powertrains. 

Inside, a spacious, upscale cabin will offer either six or seven-seat layouts. A commanding single-unit display, reminiscent of Mercedes-Benz styling, will house the infotainment system and digital instrument cluster.

With entertainment features like Android Auto, Apple CarPlay, and connected car tech, along with premium touches such as an electric sunroof and wireless charging, the XUV500 aims to impress. Moreover, advanced driver assistance systems (ADAS), like adaptive cruise control, could elevate safety standards.

Ex-showroom price (Delhi): ₹12 Lakh

Expected Launch Date: 20 July 2024

Key Specifications of Mahindra XUV500 2024 (Expected)

EngineM-Hawk155 Diesel Engine
Mileage16 Kmpl
Maximum Power155 Bhp
Peak Torque360 Nm
Fuel Type:Diesel
Seating Capacity5
Body TypeSUV

Key Features (Expected): 

Premium Sound System
Electric Sunroof
Slightly Sloping Roofline
6 Airbags
Prominent Tailgate & full-width LED strip
C-shaped LED DRLs

Check out our collection of Used Mahindra Cars in India

10. Toyota Belta

Toyota Belta

Get ready to meet the latest innovation resulting from the Toyota-Maruti partnership: the Belta, a reimagined version of the Ciaz sedan. Adorned with the Toyota emblem inside and out, the Belta inherits the Ciaz’s grace while adding its own distinctive allure.

Stepping into the Belta, you’re greeted by an embrace of opulence and cosiness. Crafted as a sedan, it offers practical features like automatic climate control, push-button start/stop, and the convenience of cruise control. The 7-inch infotainment screen is your gateway to connectivity, boasting Android Auto, Apple CarPlay, and Electric Outside Rear-view functionality for a fully linked journey.

Safety takes centre stage with standard child seat anchors, an electronic brake force system bolstering the anti-lock brakes, and dual front airbags ensuring protection for both driver and passenger. The Belta is a masterful fusion of style, comfort, and safety, all wrapped up in one captivating bundle.

Ex-showroom price (Delhi): ₹10 Lakh

Expected Launch Date: 21 July 2024

Key Specifications of Toyota Belta (Expected)

Engine1.0 L 1KR-FE Straight-3 Engine (KSP92)
Mileage20.7 Kmpl
Maximum Power103 Bhp
Peak Torque138 Nm
Fuel Type:Petrol
Seating Capacity5
Body TypeSedan

Key Features (Expected): 

7.0-Inch Touchscreen Infotainment Framework
Environment Control Switches
4.2 inch HD TFT Drove show
11 speakers from JBL sound
Central Locking System
Anti-Lock Braking System


As the Indian automotive landscape continues to evolve, the upcoming cars slated for release in 2023-24 under the ₹15 lakh bracket are set to redefine driving experiences for enthusiasts and daily commuters alike. With anticipated launches from various manufacturers, these vehicles are expected to offer a compelling blend of advanced features, impressive mileage, and innovative specifications. 

Whether you’re drawn to the allure of compact SUVs, efficient sedans, or the versatility of hatchbacks, the choices ahead are nothing short of exciting. As launch dates draw closer and specifications become clearer, the Indian automobile market is poised for another wave of accessible yet feature-rich cars that cater to the diverse preferences of the nation’s car enthusiasts. 

Keep an eye out for these upcoming launches, as they promise to deliver performance, style, and value, all within the ₹15 lakh range.

Check out our collection of Used Toyota Cars in India


Q: What are the top upcoming cars under ₹15 lakh?

A1: Below is the curated list of the top upcoming cars in India under ₹15 Lakh-

              Top Upcoming Cars              Price Tags
Tata Nexon EV 2023₹15 Lakh
Honda Elevate₹11 Lakh
Citroen C3 Aircross₹11 Lakh
Tata Altroz Racer₹10 Lakh
Tata Harrier 2024 ₹15 Lakh

Q: Which type of cars are going to be launched under 15 lakh?

A2: Explore the table below to discover the upcoming cars set to launch under ₹15 Lakh-

              Top Upcoming Cars              Price Tags
Mahindra Bolero 2024₹10 Lakh
Nissan Compact SUV₹10 Lakh
Renault Duster 2025₹10 Lakh

Q: What are the upcoming diesel cars under 15 lakh?

A3: Below is the table that explores the upcoming diesel cars upto ₹15 Lakh-

              Top Upcoming Cars              Price Tags
Mahindra Scorpio N₹12.8 Lakh
Mahindra XUV700₹13.5 Lakh
Hyundai Venue₹7.8 Lakh

Upcoming Cars of Other Models in India

Upcoming Maruti Suzuki Cars in IndiaUpcoming Bugatti Cars in India
Upcoming Toyota Cars in IndiaUpcoming Ferrari Cars in India
Upcoming Hyundai Cars in IndiaUpcoming Jaguar Cars in India
Upcoming Tata Cars in IndiaUpcoming Jeep Cars in India
Upcoming Mahindra Cars in indiaUpcoming Lamborghini Cars in India
Upcoming Honda Cars in IndiaUpcoming Land Rover Cars in India
Upcoming Nissan Cars in IndiaUpcoming Maserati Cars in India
Upcoming Ford Cars in IndiaUpcoming Mercedes Benz Cars in India
Upcoming Skoda Cars in IndiaUpcoming Mitsubishi Cars in India
Upcoming Volkswagen Cars in IndiaUpcoming Porsche Cars in India
Upcoming Renault Cars in IndiaUpcoming Rolls Royce Cars in India
Upcoming Aston Martin Cars in IndiaUpcoming Volvo Cars in India
Upcoming Audi Cars in IndiaUpcoming BMW Cars in India
Upcoming Hatchback Cars in IndiaUpcoming Sedan Cars in India
Upcoming SUV Cars in India Upcoming Cars Under Rs. 5 Lakh in India
Upcoming Cars Under Rs. 10 Lakh in India Upcoming Cars Under Rs. 20 Lakh In India
Upcoming Cars Under Rs. 50 Lakh In India Upcoming Cars Under Rs. 1 Crore In India
Upcoming Cars Above Rs. 1 Crore in India