India has set an ambitious target of having 30% electric vehicles (EVs) on roads by 2030 in a bid to reduce its carbon footprint and dependence on imported oil. To achieve this target, the government has announced various incentives and policies to encourage the adoption of EVs, including GST reduction on EVs, income tax exemption on loans for EVs, and the establishment of charging infrastructure across the country. 

As a result, the Indian EV market has been growing steadily, with sales of EVs reaching 10.54 lakh units in 2022, a 206% growth from the previous year. In this article, we will examine the EV price trends in India in 2023 based on current market conditions and government policies.

The Indian automobile market is known for its budget-friendly cars. Whether it's hatchbacks, sedans, SUVs (Sport Utility Vehicles) or MPVs (Multi-Purpose Vehicles), you can find affordable options in all these segments. The same applies to the rapidly evolving electric vehicle segment as well. With more and more car manufacturers making inroads into the EV (Electric Vehicle) market, buyers have wide-ranging options to choose from. Read on as we bring you the list of some of the cheapest electric cars in India as of March 2023.