India’s automobile market is without doubt one of the world’s largest and pretty appropriately displays the nation’s numerous shopper preferences and regular progress over time. Consider its gross sales information, and also you’ll discover in-depth insights into buyer demand, model efficiency, and market shares. Essentially the most unsurprising statistic? Maruti Suzuki is the best-selling model within the nation. It bought over 17 lakh automobiles throughout India in FY 2024, retaining its first place on the checklist of high automobile manufacturers in India.
This text highlights the automobile gross sales information and a few of the best-selling automobiles within the nation.
The next desk reveals a listing of high automobile manufacturers in India and their annual sale details
Among the many a number of manufacturers, Maruti, Hyundai, Tata, Mahindra, Toyota, and MG dominate the Indian market with a 93 p.c market share. Let’s look into every of those top-selling automobiles and what makes them profitable out there:
This model has lengthy been India’s chief out there, sustaining its dominance within the evolving automotive trade with an enormous lineup of reasonably priced and dependable autos. With a 3 p.c market progress final 12 months, fashions like Swift, Baleno, and Wagon R ranked among the many best-selling automobiles.
Additionally Learn: Maruti Suzuki—the common man’s carmaker—might be dead. Long live the new Maruti Suzuki
2. Hyundai
- 12 months of multinational: 1967
- Key individuals: Unsoo Kim (CEO and MD) and Tarun Garg (WTO and COO)
In second place, Hyundai provides trendy automobiles full of modern options at aggressive costs. The model launched India’s largest IPO, raised over $3 billion final 12 months, and achieved its highest-ever annual gross sales of 6,05,433 items. Hyundai’s SUVs, notably the Creta, Venue, and Exter, contributed considerably to its market success, with the Creta securing its spot as India’s best-selling SUV.
Additionally Learn: How Korean carmaker Hyundai cracked the Indian market where European makers are struggling
3. Tata
- 12 months of multinational: 1945
- Key individuals: Natarajan Chandrasekaran (Chairman) and Mark Llistosella (CEO and MD)
Tata Motors secured the third spot with a 2 p.c market progress in 2024. Identified for its concentrate on security and innovation, Tata (the one model in India) provides a full vary of International NCAP-tested automobiles, with most reaching four- or five-star security rankings. Tata’s market dominance extends to the electrical autos (EVs) phase, with fashions just like the Punch, Nexon, and Tiago ruling the market.
Additionally Learn: How Tata Motors defied the odds to emerge as India’s third-largest carmaker
4. Mahindra
- 12 months of multinational: 1945
- Key individuals: Anand Mahindra (Chairman) and Dr Anish Shah (CEO and MD)
Mahindra is without doubt one of the greatest SUV producers after Hyundai. In the course of the year-end of 2024, it bought 5,28,453 items and confirmed a 22 p.c progress, one of many high manufacturers with the best market share after Toyota. Identified for rugged and dependable SUVs, the model has a loyal fan base for Scorpio and Bolero. Mahindra has additionally began its EV fashions – XEV 9e and BE 6, that are gaining consideration for his or her spectacular vary of over 650 km per cost.
5. Toyota
- 12 months of multinational: 1937
- Key individuals: Akio Toyoda (Chairman) and Koji Sato (President and CEO)
Toyota has been a trusted title within the Indian marketplace for over 20 years as a result of its sturdiness and durable autos. Toyota moved from its sixth place in 2023 to fifth in 2024, with elevated gross sales and the best market share of 36 p.c. The Innova MUV collection was amongst their best-selling automobiles final 12 months.
6. Kia
- 12 months of multinational: 1944
- Key individuals: Gwanggu Lee (CEO)
Kia, a comparatively new model within the Indian market, has shortly turn out to be fashionable with feature-packed automobiles and extremely refined engines. Though there was a 4 p.c progress decline in gross sales, Kia managed to carry the sixth spot with 2,45,000 items of gross sales in 2024. The Sonet remained Kia’s best-seller, adopted by the Seltos and Carens.
7. Honda
- 12 months of multinational: 1948
- Key individuals: Toshihiro Mibe (President, CEO, and Consultant Director)
As one of many oldest overseas manufacturers in India, Honda prioritises high quality over amount. Nonetheless, the corporate noticed a 19 p.c decline in progress as a result of fewer gross sales than in 2023. Funds-friendly fashions just like the Honda Amaze led the gross sales, adopted by the Elevate SUV and the Honda Metropolis in 2024. Regardless of the restricted mannequin lineup, Honda continues to be one of many most popular decisions for households within the Indian market, making it one of many high automobile manufacturers in India.
8. MG (Morris Garages)
- 12 months of multinational: 1924
- Key individuals: Rajeev Chaba (President and MD)
MG Motors made a outstanding influence within the Indian market with its tech-driven, comfort-oriented automobiles. The model bought over 61,000 items in 2024, with an 8 p.c market progress. MG’s numerous lineup of fashions, together with the Hector, ZS EV, and Comet EV, appeals to many patrons. MG’s concentrate on modern options has helped it stand out in opposition to different well-established rivals in a difficult market.
9. Volkswagen
- 12 months of multinational: 1937
- Key individuals: Oliver Blume (CEO) and Dr. Arno Antlitz (COO)
Volkswagen has earned a fame among the many high 10 automobile manufacturers in India for its top-notch construct high quality, cabin consolation, and high-tech German engineering. The corporate bought 42,000 items final 12 months, with a 3 p.c drop within the progress price. Fashions like Taigun and Virtus have been among the many top-selling automobiles with Euro-NCAP and International NCAP rankings for his or her security requirements.
10. Renault
- 12 months of multinational: 1899
- Key individuals: Jean-Dominique Senard (Chairman) and Luca de Meo (CEO)
The tenth on the checklist, Renault, witnessed a 14 p.c drop in market share in 2024. Automated fashions like KWID, Triber, and Kiger are fashionable automobiles recognized for his or her trendy design and effectivity. Because of their low value and affordability, Renault is without doubt one of the consolation automobile manufacturers that provides good security measures and engine reliability, making certain its place among the many high automobile manufacturers in India.
Continuously Requested Questions (FAQs)
1. Which automobile is taken into account the most secure in India?
Tata’s Punch, Nexon and Safari, Skoda Slavia, Volkswagen Virtus, and Taigun are among the many most secure and top-ten automobile manufacturers in India. All of them have five-star International NCAP and Euro-NCAP security rankings.
2. Which is the oldest automobile model nonetheless working in India?
Established in 1942, Hindustan Motors is considered one of India’s oldest automobile producers. Though it ceased operations in 2014 as a result of challenges, the corporate plans to make a comeback with Ambassador EVs and e-scooters. One other oldest model is Mahindra, which is among the many high automobile manufacturers in India immediately.
3. That are a few of the main luxurious automobile manufacturers in India?
Mercedes-Benz, BMW, Audi, Jaguar, and Rolls-Royce are amongst India’s high luxurious automobile manufacturers.
