Indeed, cars priced under ₹5 lakh are in a critical state, and it’s just a matter of time before they’re phased out. Currently, only three cars—Alto, S-presso, and Kwid—fit this category. With the arrival of the next generation, it’s highly likely that all three will be discontinued. Furthermore, as the era of electric vehicles (EVs) approaches, it’s becoming increasingly improbable to have a car priced under ₹5 lakh in the future.