Top 5 car launches between Rs 20-40 lakh in 2024

By Riju Mehta & Rohit Shah

If you are planning on buying a car this year and your budget is between Rs 20 lakh and Rs 40 lakh, then here are five exciting new launches you should know. ET Wealth and Cardekho.com are here to help you with your car buying decision with the line-up of the most-awaited launches in 2024.

HYUNDAI CRETA

HYUNDAI HAS GIVEN a big makeover to the second-generation Creta, which was introduced in India, in 2020. It now boasts a more universally appealing design compared to its earlier radical styling. The cabin has inched up in terms of premium feel. The feature updates include a 10.25-inch digital driver display, 360 degree camera, dual-zone climate control, and ADAS. While retaining the petrol and diesel powertrain options from the outgoing model, the new Creta gets the 1.5-litre turbo petrol unit (160 PS/253 Nm), paired exclusively with DCT automatic transmission. The regular 1.5-litre petrol engine (115 PS/144 Nm) comes with six-speed MT and CVT, while the 1.5-litre diesel (116 PS/250 Nm) gets six-speed MT and six-speed AT.

hyundai creta



Is it worth buying?
Yes. Creta is safer and more premium, thanks to its sharper looks, enhanced features and a wider range of powertrain options.

Price range

Rs.11-20.15 lakh

Launch: 16 January

RUNNING COST (per month)

Rs.5,115 (petrol)

Rs.4,032 (diesel)

LOAN EMI (for 5 years)

Rs.18,697-34,250

EXPECTED RESALE (after 3 years)

Rs.7.2-13.1 lakh

SPECIFICATIONS

Fuel type: PETROL, DIESEL

Engine capacity: 1.5 litre (petrol); 1.5 litre (diesel)

Claimed mileage: 17 km/l (petrol); 20 km/l (diesel)

MAHINDRA THAR 5-DOOR

THE MAHINDRA THAR 5-door has been a long time coming. Besides the extra doors and roomier cabin, it will offer new features like a bigger infotainment system and a sunroof. Other expected feature updates include dual-zone climate control with rear AC vents, push-button start/stop, and six airbags. The more practical Thar will get a new name and a distinct identity, and will be sold alongside the three-door Thar. A few test mules have hinted at a redesigned grille and all-LED lighting. It is likely to be available with both 2-litre turbo petrol and 2.2-litre diesel engines, with a choice of four-wheel drive and rearwheel drive. Transmission options may be six-speed manual and six-speed automatic for both engines.

Mahindra thar-5 door



Is it worth waiting for?
Yes. If you’ve always wanted a more practical version of the three-door Thar, you should certainly go for it.

Expected price range

Rs.15-22 lakh

Expected launch: August

RUNNING COST (per month)

Rs.6,692 (petrol)

Rs.4,740 (diesel)

LOAN EMI (for 5 years)

Rs.25,496-37,395

EXPECTED RESALE (after 3 years)

Rs.9.8-14.3 lakh

SPECIFICATIONS (expected)

Fuel type: PETROL, DIESEL

Engine capacity: 2 litre (turbo petrol); 2.2 litre (diesel)

Claimed mileage: 13 km/l (petrol); 17 km/l (diesel)

VOLKSWAGEN TAIGUN

VOLKSWAGEN ENTERED A new phase for its Indian market plans, in 2021, with the launch of Taigun compact SUV. It is also sold globally in markets like Brazil under a different name, where it has already been given a mild facelift. A similar treatment is expected for India-spec Taigun. The exterior is likely to have an updated styling in front and rear to give it a less boxy appearance with smoother lines. Its interior is not expected to get any significant design change. It already has a 10-inch touchscreen infotainment system, digital driver’s display, and ventilated front seats. It is likely to carry forward the same 1-litre (115 PS/178 Nm) and 1.5-litre (150 PS/250 Nm) turbo petrol engines with six-speed manual for both. The smaller engine will get the choice of a six-speed AT, and the other, a seven-speed DCT automatic.

Volkswagn



Is it worth waiting for?
Maybe. There are no significant feature updates expected that will increase the overall value of the compact SUV.

Expected price range

Rs.12-21 lakh

Expected launch: October

RUNNING COST (per month)

Rs.4,352-4,835 (petrol)

LOAN EMI (for 5 years)

Rs.20,397-35,695

EXPECTED RESALE (after 3 years)

Rs.7.8-13.6 lakh

HYUNDAI ALCAZAR

THE HYUNDAI ALCAZAR, essentially a three-row version of Creta, is also due for a refresh in 2024. It could get small visual improvements, both inside and outside, that bring the styling in line with the facelifted Creta, which comprises connected LED lighting elements in front and rear. It could gain the dual-zone climate controls and ADAS from the new Creta. While the Alcazar’s third row may not be ideal for passenger space, the extra room in the back is good for keeping more luggage when the seats are not occupied. The facelifted Alcazar is expected to get the same 160 PS 1.5-litre turbo petrol and 116 PS 1.5-litre diesel engine options as the outgoing model, with transmission options consisting of six-speed MT, seven-speed DCT, and six-speed AT.

hyundaii Alcazar



Is it worth waiting for?
Yes. The Alcazar is already a well-rounded three-row SUV, and the facelift could give it useful updates that would bring it up to speed with other seven-seater SUVs in similar price range.

Expected price range

Rs.17-22 lakh

Expected launch: April

RUNNING COST (per month)

Rs.5,444 (petrol)

Rs.4,032 (diesel)

LOAN EMI (for 5 years)

Rs.28,896-37,395

EXPECTED RESALE (after 3 years)

Rs.11.1-14.3 lakh

SPECIFICATIONS (expected)

Fuel type: PETROL, DIESEL

Engine capacity: 1.5 litre (turbo petrol); 1.5 litre (diesel)

Claimed mileage: 16 km/l (petrol); 20 km/l (diesel)

HYUNDAI TUCSON

THOUGH THE FOURTH-GEN Hyundai Tucson made its India debut in 2022, its global version received a mid-life update in late 2023. The facelifted Tucson showcases subtle exterior styling changes, including a sleeker and wider grille, sharper lighting elements, and a refreshed alloy wheel design. The major changes, however, are inside, featuring a connected screen setup, new steering wheel, redesigned dashboard, and revised climate control panel. Expect it to still come with a panoramic sunroof, dualzone AC, six airbags, and ADAS. On its arrival in India, the premium SUV is expected to retain the current model’s 2-litre petrol unit (156 PS/192 Nm) and 2-litre diesel (186 PS/416 Nm) engine options. The latter even gets an all-wheel drive setup. Transmission options include six-speed AT and eight-speed AT.

hyndai tucson



Is it worth waiting for?
Yes. While the design changes are subtle, the updated cabin of the mid-sized SUV is definitely something to look forward to.

Expected price range

Rs.29.5-36 lakh

Expected launch: June

RUNNING COST (per month)

Rs.7,253 (petrol)

Rs.5,376 (diesel)

LOAN EMI (for 5 years)

Rs.50,143-61,191

EXPECTED RESALE (after 3 years)

Rs.19.2-23.4 lakh

SPECIFICATIONS (expected)

Fuel type: PETROL, DIESEL

Engine capacity: 2 litre (petrol); 2 litre (diesel)

Claimed mileage: 12 km/l (petrol); 15 km/l (diesel)



Other models to go on sale this year

pg-6



Note:All expected prices are estimates based on industry information and are intended to be ex-showroom, Delhi. All launches are for 2024. All estimated mileage figures are based on similar data available for previous iteration or data related to figures for international model. All expected launch timelines are tentative based on information available at the time of publishing and are likely to change.

Petrol price in Delhi on 5 Feb 2024: Rs.96.7/litre; Diesel price:Rs.89.6/litre; CNG price: Rs.76.6/kg | All calculations (running cost, loan EMI, resale) are based on expected prices and mileage, and are indicative. Figures have been rounded off. | Running cost is calculated for 30 km/day for a month. | Loan EMI is calculated for a 5-year loan, 80% financed at 10%. | Expected resale value after 3 years is calculated by considering the depreciated car price that is 65% of the original price. | All images are for representational purposes only and the final model on sale may differ from what has been showcased here. | MT: Manual transmission; AMT: Automated manual transmission; NA: Naturally aspirated; AT: Automatic transmission; DCT: Dual clutch transmission; CVT: Continuously variable transmission.

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