Brand-new compact SUVs: what Rs 12–15 million buys in late 2026

Since passenger vehicle imports reopened in 2025, the brand-new segment has filled out quickly. The Rs 12–15 million band is now the most contested part of the market, with petrol compact SUVs, EVs and late-model reconditioned hybrids all priced within reach of each other.

On Lankar today, brand-new Toyota Raize units are advertised around Rs 14.5–15 million, while the BYD Atto 3 sits close to Rs 15 million and the smaller BYD Dolphin around Rs 12.5 million. A well-kept 2016–2017 Honda Vezel or Toyota C-HR hybrid sits a few million lower.

Which is the better buy depends on how you drive. Long highway commutes favour hybrids; short urban trips with home charging make an EV very cheap to run. Always compare the on-the-road price including registration, and ask dealers about warranty terms in writing.

Prices quoted are asking prices from listings and change with exchange rates and taxes — use them as a guide, not a quote.