You have three things to keep costs low - hatchback, petrol and a lavish budget of 5.5 L. I would suggest you to wait for some time since many new cars are getting launched this year. Tata cars are good with no nigges now-a-days and hence I would suggest you to go for Tata Bolt. BTW
, if you are not ready to wait, what about Tata Vista GVX? Great VFM
. Within your budget you will get music system with Aux, Bluetooth, SD Card reader, Blue-5 Tech, Steering-mounted audio-control, Navigation system (works very well in my Manza), Lots of space, good interior, ABS
, Driver's side Seat-Belt warning Buzzer and what not! My friend has Petrol Manza who is very happy with his car (mine is Diesel). So engine is good and he is using the same for last 4+ yrs.
If you don't want the Tata name and also not comfortable with Tata Petrol (Tata Diesel is undoubtedly great), go for Maruti Swift ZXi (you may have to stretch your budget for 10k-20k).
If I were you, I would have bought Swift ZXi. Maruti's good ASS
sservicce network will help you. Till date Maruti cars are retaining good resale value, but going down the line I think all petrol cars will loose resale value (Nano is also becoming diesel
). Hyundai cars are very costly and hence I won't talk about them at all! (Tata Vista/Swift are comparable with i20 - quite costly).
Due to poor ASS
network, I won't recommend any brand except Maruti/Tata/Hyundai (Hyundai is for riches only). Chevy has good network but who knows when Chevy will become another Opel of GM tomorrow! If that happens maintenance will be very high, no resale value and every horror stories will become true.