Upcoming Cars Under Rs. 50 Lakh In India 2023-24 – Expected Price, Launch Dates, Mileage, Specifications

Team CARS24
Team CARS24

Updated on: 31st October, 2023 IST

Upcoming Cars Under Rs. 50 Lakh In India 2020-21

In the vibrant landscape of the Indian automotive industry, enthusiasts and buyers are always on the lookout for exciting and affordable options. As we cruise through 2023, the quest for that perfect car under ₹50 lakh continues. Whether you're a fan of SUVs, electric vehicles, or performance-oriented sedans, the market has something in store for you. 

Join us as we explore the upcoming cars under ₹50 lakh in India, showcasing a diverse range of models, from the feature-rich 2024 Hyundai Creta to the eagerly anticipated Kia Carnival KA4. 

Discover the latest updates, expected launch dates, and price ranges for these enticing rides, helping you make an informed decision for your next automotive adventure.

ModelFuel TypeBody StyleLaunch DateExpected Starting Price
2024 Hyundai CretaPetrol/DieselSUVEarly 2024₹11-12 lakh
Hyundai Kona FaceliftElectricSUVFirst-Half of 2024₹25-30 lakh
Tata Harrier/Safari FaceliftDieselSUVOctober 2023₹16-18 lakh
Skoda Octavia RS iVPetrol/Petrol HybridSedanEarly 2024₹40-42 lakh
Kia Carnival KA4DieselMPVEarly 2024₹40 lakh
Mahindra Thar 5-DoorPetrol/DieselSUVEarly 2024₹16-18 lakh

1. Hyundai Creta Facelift

Hyundai Creta features

Expected Starting Price: ₹11-12 lakh (ex-showroom, Delhi)

After the launch of the Kia Seltos in the Indian market, Hyundai is now gearing up to introduce the new Hyundai Creta for buyers looking for a premium and feature-rich mid-size SUV in India. To begin with, the upcoming 2024 Hyundai Creta will boast several updates, including the ADAS safety suite, for buyers looking for an all-rounder SUV under ₹50 lakh. 

Having said that, the new Creta is likely to be launched with three engine options - a 1.5L Turbo petrol, a 1.5L NA petrol, and a 1.5L CRDi diesel. For those wondering, the new Creta is likely to hit the showrooms in late February or early March of 2024.

 2024 Hyundai Creta Facelift*
Engine1.5L NA Petrol, 1.5L Turbo Petrol, 1.5L Diesel
Maximum Power113 bhp, 158 bhp, 114 bhp
Peak Torque143.8 Nm, 253 Nm, 250 Nm
Transmission6-Speed MT, CVT; 6-Speed MT, 6-Speed AT; 6-Speed MT, 7-Speed DCT
Fuel Mileage16.8-16.9 km/l, 20-20.6 km/l, 18.5-21.4 km/l
Fuel Tank50L

Check out our collection of Used Hyundai Creta Cars in India

2. Tata Harrier/Safari Facelift

Tata Harrier

Expected Starting Price: ₹16-17 lakh (ex-showroom, Delhi)

Positioned as the most expensive Tata cars in the Indian market, the Harrier and the Safari cater to those looking for premium and powerful SUVs. The facelift iterations of both SUVs will get prominent styling updates in addition to many new features and an updated dashboard layout. 

Inside, both SUVs are likely to get new infotainment systems, a new two-spoke steering wheel, a large panoramic sunroof, connected car tech, ventilated front seats, and more. The powertrain options, however, are likely to remain unchanged, except for a new turbo petrol engine option which will be introduced a couple of months after the launch of the new facelift models.

 Tata Harrier/Safari Facelift*
Engine2.0L Kryotec Turbo Diesel Engine
Maximum Power167 bhp
Peak Torque350 Nm
Transmission6-Speed Manual, 6-Speed AT
Fuel Mileage16.14 km/l (MT), 14.08 km/l (AT)
Fuel Tank50L

Check out our collection of Used Tata Harrier Cars in India

3. Skoda Octavia RS iV

Skoda Octavia

Expected Starting Price: ₹40-42 lakh (ex-showroom, Delhi)

Often regarded as the best performance-oriented sedan under ₹50 lakh, the Skoda Octavia RS has always received admiration for its strong performance and powerful powertrain options. This year, the brand is likely to introduce a new hybrid powertrain, a first for the Octavia RS. 

While official specifications and more details of the upcoming car are yet to be disclosed by the brand, it is confirmed that only a limited number of units of the sedan will be on sale in the country as it will be brought into the country via the completely knocked down (CKD) route. 

Skoda Octavia RS iV*
Engine1.4-litre TSI
Maximum Power245 bhp
Peak Torque400 Nm
Fuel TankNA

Check Out Our Collection Of Used Skoda Octavia Cars In India

4. Kia Carnival KA4

 Kia Carnival

Expected Starting Price: ₹30-32 lakh (ex-showroom, Delhi)

With a scheduled launch early next year, the new Kia Carnival is currently one of the most anticipated upcoming cars under ₹50 lakh and will be brought into the country via the CKD route. From what we know so far, the new fourth-gen model of the Carnival will get an updated exterior styling, longer features list, better safety, and updated powertrain options. 

The brand also confirmed that, unlike the earlier iterations of the Carnival in India, the upcoming new-gen will be similar to that offered in the global markets. Once launched, the Carnival will be a more premium alternative to the Toyota Innova Hycross. 

 Kia Carnival KA4*
Engine2.2L Turbo Diesel
Maximum Power190 bhp
Peak Torque441 Nm
Transmission8-Speed AT
Fuel MileageNA
Fuel TankNA

Also Read: Upcoming Kia Cars in India

5. Mahindra Thar 5-Door

Mahindra thar

Expected Starting Price: ₹16-18 lakh (ex-showroom, Delhi)

The Mahindra Thar is a well-renowned name in the 4X4 segment in India and not only boasts an affordable price tag but also gets a capable and robust setup which makes it one of the best in the business. Despite this, the present three-door iteration may not be appreciated by all buyers because of its limited space inside the cabin and not-so-practical boot. 

The brand is working on launching the 5-door iteration of the Thar soon, which is likely to go on sale in early 2024. Underpinned by the same platform that is utilised in the Mahindra Scorpio N, the new Thar 5-door will directly lock horns with the Force Gurkha 5-door in India. As far as reports are to be believed, the new Thar 5-door will get a metal hardtop, electric sunroof, updated infotainment system, and more.

 Mahindra Thar 5-Door*
Engine2.0L Turbo Petrol, 2.2L Turbo Diesel
Maximum Power150 bhp, 130 bhp
Peak Torque300 Nm, 300 Nm
Transmission6-Speed MT, 6-Speed AT
Fuel Mileage15.2 km/l
Fuel Tank57L

Check out our collection of Used Mahindra Thar Cars in India

The Bottom Line 

The future of affordable and exciting rides in India looks promising with these upcoming cars under ₹50 lakhs. From the technologically advanced Hyundai Creta to the performance-driven Skoda Octavia RS iV, there's something for every automotive enthusiast. 

The Tata Harrier/Safari facelifts promise premium features and a powerful drive, while the Kia Carnival KA4 introduces a touch of luxury to the segment. 

Last but not least, the Mahindra Thar 5-Door offers more space and versatility for off-road enthusiasts. With these options on the horizon, 2023-24 is set to be an exciting year for car buyers in India.


Q. When is the new Hyundai Creta launching in India?

The new Hyundai Creta is expected to make its debut in early 2024 and will take on rivals like the Kia Seltos in the Indian market.

Q. Will the new Tata Harrier get a petrol variant?

From what we know so far, the new Harrier and the Safari facelifts will only get diesel engine options at the time of the launch but will later be introduced with turbo petrol powertrain options.

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