The Indian car market was valued at US$ 32.70 billion in 2021. And studies show that it is expected to grow by a CAGR of 9% and be valued at US$ 54.84 billion by 2027. The pandemic might have slowed the market down, but many automobile manufacturers spent that time building exciting technology that’s launching today.
With the electric vehicles market also picking up pace, the Indian automobile space is booming. And at the helm of this are some of the best car companies in India. And with research companies predicting a healthy future, this is only set to soar.
So, here, we will look at the top 10 car brands in India and their most popular launches.
Top 10 car companies in India
1.Maruti Suzuki India Ltd
Maruti Suzuki holds the largest market share at 42.75%, easily gaining a spot on our list of the top car brands in India. They became a household name with their steady commitment to affordable, durable and practical designs. But as the market changed, Maruti Suzuki didn’t fall behind. With more buyers looking for premium, luxury cars, they launched the Nexa sub-brand, quickly becoming a public favourite.
Here are the brand’s most popular offerings.
Maruti Suzuki Brezza
Rs 7.99 Lakh- Rs 13.96 Lakh
Maruti Suzuki Wagon R
Rs 5.47 Lakh- Rs 7.19 Lakh
Maruti Suzuki Baleno
Rs 6.42 Lakh- Rs 9.60 Lakh
2. Tata Motors Ltd
This homeborn car manufacturer holds the third largest market share at 11.45%. Tata is easily one of the best car brands in India and is the market leader in the electric vehicle space, with a market share of 87% with popular offerings like the Tata Nexon EV and the Tata Tigor EV. Tata is gaining market share steadily as its September sales report an 85% YoY growth.
Here are the company’s most popular cars with their pricing.
Tata Nexon
Rs 7.60 Lakh- Rs 14.08 Lakh
Tata Punch
Rs 5.93 Lakh- Rs 9.49 Lakh
Tata Altroz
Rs 6.29 Lakh- Rs 10.25 Lakh
3. Mahindra & Mahindra Ltd
Indian brands are bringing their A-game to the automobile sector and maybe soon dethroning international brands. The next on our list of the top car brands in India is Mahindra & Mahindra. They recently reported the highest-ever monthly sales, registering a growth of 129% and becoming the market leader in the SUV segment.
They also plan on strengthening their presence in the electric vehicle division by introducing five new cars. Two will be under their existing twin-peaks banner, while three will be under a new sub-brand- ‘BE’.
Here are the company’s most popular offerings.
Mahindra XUV 700
Rs 13.45 lakh- Rs 24.95 Lakh
Mahindra Scorpio
Rs 13.54 lakh- Rs 18.62 Lakh
Mahindra Bolero
Rs 9.53 Lakh- Rs 10.48 Lakh
4. Hyundai Motor India Ltd
This South-Korean car manufacturer holds the second-largest market share at 16.24%. Since its entry in 1991, Hyundai has consistently delivered high-performance cars, making it one of the top car companies in India. Their cars winning the Indian Car of the Year award year after year is a testament to this.
Here are the brands top selling cars and their prices.
Hyundai Creta
Rs 10.44 Lakh- Rs 18.24 lakh
Hyundai Grand i10
Rs 5.39 Lakh- Rs 8.02 Lakh
Hyundai Venue
Rs 7.53 Lakh- Rs 12.72 Lakh
5. Honda Motor Co., Ltd
This Japanese automobile maker is next on our list of the top 10 car brands in India. Honda is one of the largest car manufacturers in the world but continues to remain a fringe player with only 2.6% of the Indian car market share. The Honda City was one car that enjoyed immense popularity in the country and won the Indian Car of the year in 2009.
Here are the company’s most popular cars and their prices.
Honda Amaze
Rs 6.63 Lakh- Rs 11.50 Lakh
Honda City
Rs 11.60 Lakh- Rs 15.55 Lakh
6. Toyota Motor Corporation
Another Japanese carmaker making it to our list of the best cars in India is Toyota. This car brand entered the Indian market, in affiliation with the Kirloskar Group in 1997 and has been a steady player in the space ever since. Toyota has become one of the top car brands in India with its ergonomic and stunning car designs.
Here are the brand’s most popular cars and their prices
Toyota Innova Crysta
Rs 18.98 Lakh- Rs 23.83 Lakh
Toyota Fortuner
Rs 32.58 Lakh- Rs 50.34 Lakh
7. Kia Corporation
This South-Korean car maker entered the market only in 2017 but has become one of the top car companies in India. The Indian division of the company reportedly contributes more than 6% to the global Kia corporation, making India a highly lucrative market. But what makes them one of the best car brands in India are their sleek cars with attractive pricing.
Here are the brands top selling cars and their costing.
Kia Seltos
Rs 10.49 Lakhs- Rs 18.65 Lakhs
Kia Sonet
Rs 7.49 Lakhs- Rs 13.99 Lakhs
8. Renault
This French automobile maker has launched many successful models, making it one of the best car companies in India today. The car manufacturer currently has operations in 128 countries globally. The India division is headquartered in Chennai, Tamil Nadu.
Let’s look at its most popular offerings and prices without further ado.
Renault Kwid
Rs 4.64 lakh- Rs 6.09 Lakh
Renault Kiger
Rs 5.99 Lakh- Rs 10.62 Lakh
Renault Duster
Rs 9.86 Lakh- Rs 14.25 Lakh
9. Volkswagen Group
This German automobile maker holds 1.87% of the market share. Its class-apart designs and premium offerings make it one of the top 10 car brands in India. The car manufacturer views India as a key focus market because of the potential it holds.
Let’s look at its most popular cars and their prices.
Volkswagen Taigun
Rs 11.56 Lakh- Rs 18.71 Lakh
Volkswagen Vento
Rs 10 Lakh- Rs 14.44 Lakh
10. Skoda Auto
Skoda has reported record sales in the first half of 2022, which has made India its third-largest market globally. This feat has been credited to the launch of the Kushaq and the Slavia. The company is also expecting 2022 to be its biggest year yet. The last on our list of top car brands in India has also registered a 29% growth in retail sales in October, further proving its conviction in the Indian market.
Here are the brands top selling cars and their prices.
Skoda Kushaq
Rs 11.29 Lakh- Rs 19.49 Lakh
Skoda Slavia
Rs 10.99 Lakh- Rs 18.39 Lakh
Final thoughts
If you’re in the market to buy a new car, these are the best car brands in India today. With their exciting new launches, you will surely find one that perfectly meets your needs. But buying a car is an expensive affair that can strain your wallet and constrain your today for the price of tomorrow.
Financial institutions like Tata Capital come to the rescue. They offer vehicle loans at attractive interest rates so that whether you’re commuting to work or going on a long drive, you do it comfortably and in a car, you call your own.
For more details, visit their website and apply for a loan today!
27 March 2024
6 mins read
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