Gone are the days when Indian middle class was struggling to get bread and butter and travelling in a packed buses and trains to reach office. Now except in Metro cities, people are either commute by 2 wheelers or by 4 wheelers. Thanks to liberalization and IT industries boom in India , the difference between the rich people and poor people is narrowing. After the 7th pay commission report the government servants are earning handful of salaries with so many other bonuses. Because of EMIs also buying of car is not a big issue.
The best car one should buy in India is in accordance with the road condition and raising petrol prices. So one should buy a car with best engine, which gives better mileage and less wear and tear complaints.
Earlier only rich and affluent people imported cars and paid heavy excise duties. But during 1980s the collaboration between Japan and India pave way for the initiation of automobile industry in India and it became a revolution. 1982 Maruti Udyog limited was founded in Delhi and its first car Maruti 800 manufactured in 1983 and sold at an affordable price. Indians were gone mad of that beauty. Till now we can see some vintage Marui 800 vehicle in working condition.
We Indians have likings for Maruti, its performance and price range suits our needs. Then came Maruti Zen in 1990s, and after that so many cars from Maruti Suzuki. Some of the value for money cars are -
Maruti Suzuki Alto 800 is number one car which requires low maintenance and cost effective and durable car for the middle class Indian family ranges from 2.51 lakhs to 3.78 lakhs.
Next is Maruti Suzuki Alto K10, at an affordable price range between 3.30 lakhs to 4.50 lakhs, has great value for money with low maintenance cost.
The next in line is Tata Motors Nano GenX. Tata's main objective was low cost cars. Tata motors is well known for their low maintenance vehicles. So one can buy Tata Nano at the price between 2.35 to 3.35.
If you can afford cars more than these ranges than go ahead and buy as cars are no longer luxurious item in India.
When we talk about owning a car in India, it’s still a matter of status symbol for many of us, despite the decreasing gap between the upper and the middle class, and the rise of the middle class. So when you spend money to buy something which will define your status, you need to be precautious, judicious, and smart, and of course you need to take care of your budget also.
Middle Class Family in India - 2019
Though - there have been several definitions and classifications flowing across Internet of Middle Class. But, to simplify it - a Middle Class is a
» Family who has Limited Wealth with Some FDs in form either have 1 Owned Residence or stay on Rented Accommodation
» Family whose Livelihood is Job or Business - but does not have Free flow of Cash - rather has livelihood dependent on monthly earnings and part of it is saved
» Who Concern much for Monthly Expenditure Electricity Bill, Water Bill, Daily Expenditure, Fuel Expenses and keep a tab on monthly Expenditure so as to control beyond average outflow
» Who keeps an eye on EMI and strike to achieve a balance between Status and Comfort with Balanced expenditure for Children Education and Healthcare
Best Cars for Middle Class in India
A middle class family requires what Safe Car yet the value which offers an Equilibrium strike of Mileage, Maintenance with Good space, Features and a Social Status too of not to be owning a car which is of entry segment but one which offers Value
With Transformation happening in Mindsets - Safety along with Good Interiors, Features are also making an important buying aspect.
So - whats the best car for Middle Class
Maruti Suzuki Swift photoHyundai Elite I20 photo
Middle Class accounts for major Population and herein referring the best Value for Money cars (basis On Road Price in Delhi after discounts in January 2019) :-
Best Sedan for middle Class