If you are searching for car for your family, then you should buy small car. But remember that, you should purchase a car with air-conditioned car always. Because air-conditioned car is good for hot days.
Here is list of all cars under Rs 5,00,000 (ex-show room price) in Mumbai, India.
1. Hyundai i10 (1100 CC) - Price ₹ 4,70,000
2. Maruti Suzuki Alto LXI (796 CC) - Price ₹ 3,60,375
3. Maruti Suzuki Alto LXI(O) (796 CC) - Price ₹ 3,64,661
4. Maruti Suzuki Alto VXI (796 CC) - Price ₹ 3,81,709
5. Maruti Suzuki Alto K10 LX (O) (998 CC) - Price ₹ 4,99,500
6. Tata Tiago XE (1199 CC) - Price ₹ 5,00,0007. Renault KWID RXE 1.0 (998 CC) - Price ₹ 4,69,500
8. Renault KWID RXO 1.0 (998 CC) = Price ₹ 4,99,500
These price are based on ex-showroom price in Mumbai. The price in other places are approx same as Mumbai. The extra amount after Ex-showroom price is approx Rs. 25,000 for insurance and Rs. 27,000 to 45,000 for registration charge and road tax etc.