India has the world's cheapest cars

India offers the world's cheapest cars, with average prices around $10,900 in 2024. This makes vehicles significantly more accessible than in Ukraine, where average car prices exceed $30,000. The affordability in India is driven by a large, developing market and strong government support for domestic auto production. Many cars are compact, locally designed, and produced, contributing to lower costs. While budget models are inexpensive, premium vehicles in India are priced similarly to Europe. The country's car ownership rate is also considerably lower than Ukraine's.