India, the fourth-largest automobile market in the world, has developed dramatically over the past decade. As a result, more and more automobile manufacturers are interested in producing and selling vehicles in the country. Some Indian automobile brands manufacture affordable cars while others sell luxury vehicles. Thus, India has become a diverse market and less price-sensitive. This is why automobile enthusiasts have the opportunity to buy from the best automobile manufacturers in India. In this article, we take a look at some of the top car brands in India for 2024.
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Top Car Brands in India: List of Car Company Names
- The Indian car market is home to a mix of Indian car companies and several global car manufacturers.
- The entry of several international car brands has increased the choices for Indian buyers.
Top Car Company Names
Below are the names of the top car brands in India based on market share and product portfolio.
1. Maruti Suzuki
- Maruti Suzuki is a well-known name in India. This car company is known for its affordable and cheap vehicles. Below are some important details about Maruti Suzuki.
- Maruti Suzuki has a market share of 40.9% in India (as of April 2024).
- It is also the largest car manufacturer in India.
- Maruti Suzuki produces affordable cars suited to Indian conditions.
- This is one of the reasons for the brand’s success in India.
- The car company currently has three production facilities in the country.
2. Hyundai
Hyundai is a South Korean automobile major that has found the perfect formula to produce cars for the Indian market. With its new design language and technological advancements, Hyundai is now a popular car manufacturer in India. To know more about the car manufacturer, see the points below.
- Hyundai is the second largest car manufacturer in India with a market share of 14.9% (as of April 2024).
- The highlights of Hyundai are its well-designed and feature-rich vehicles.
- The company sold 50,201 vehicles in April 2024, up from 49,701 in April 2023.
- Hyundai produces both budget and luxury cars in India.
3. Tata Motors
Tata Motors is one of the top 10 automobile brands in India. The company manufactures the safest and most affordable cars in the country. With its new design philosophy and latest technology, Tata Motors has become one of the best car brands in the Indian market. More information on the car company is here:
- Tata Motors’ Indian market share is 14.2% as of April 2024.
- Tata Motors manufactures passenger cars as well as commercial vehicles such as trucks and buses.
- This car brand is known for its safe cars with excellent build quality and safety features.
- The company’s sales in April 2024 were 77,521 units and in April 2023, the sales were 69,599 units.
4. Mahindra & Mahindra
The name of this Indian car company is familiar to many. The company is known for its rugged and durable SUVs. Apart from passenger cars, Mahindra also manufactures tractors, and the brand sells tractors in several countries. The company has produced some of the most iconic SUVs in India.
The points listed below shed further light on Mahindra’s achievements.
- Mahindra’s Indian market share is 12.2% as of April 2024.
- SUVs make up a large part of Mahindra’s product portfolio and the company is India’s largest manufacturer of SUVs.
5. Kia
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Kia is the second largest car manufacturer in the Korean market after Hyundai. The company is one of the newest car manufacturers in the Indian market having launched its first vehicle in 2019. Though Kia is a new name in India, its unique designs and feature-rich cars have made it one of the top 10 car manufacturers in the country. To know more about Kia, take a look at the points below:
- Kia has a market share of 5.9% (April 2024) in the country, overtaking some of the incumbents.
- Unique design language, convenient features, advanced technology, and connectivity are some of the highlights of Kia vehicles.
- Despite limited sales volumes, the company recorded an impressive sales volume of 23,769 units in January 2024 compared to 21,372 units sold in December 2023.
- Currently, the company operates a manufacturing facility in Anantapur district of Andhra Pradesh, India.
- Kia also has several new products planned that are expected to be launched on Indian roads in the coming months.
6. Toyota
Toyota is a Japanese automobile giant that has spread its roots in India through a joint venture between Toyota Motor Corporation and Kirloskar Group. Toyota is an automobile brand that symbolizes quality. Yes, Toyota cars have excellent build quality and are one of the safest cars in the market.
Toyota is one of the best car manufacturers in India in the SUV (Sports Utility Vehicle) and MPV (Multi-Purpose Vehicle) segments. Read on to know more.
- In India, Toyota holds a substantial market share of 5.5% as of April 2024.
- Toyota is a popular brand in the luxury car category.
- Modern and elegant designs, premium interiors, robust build quality, and first-class safety features are some of the highlights of Toyota vehicles.
- Toyota India reported 32% growth year-on-year in April 2024 with sales of 20,494 units.
- Toyota has several manufacturing plants in India.
7. Honda
Honda Motor Company is another one of the top car brands in India as well as a Japanese automobile giant. The City Sedan has made Honda one of India’s leading automobile brands. In recent years, the company has introduced new products in various segments. Honda is a premium brand and the build quality of its vehicles justifies this fact. To know more about Honda, check out the points below.
- Honda’s market share in India is 1.3% as of April 2024.
- Sporty exterior design, high-quality interiors, and powerful engines are some of the hallmarks of Honda cars.
- The brand currently sells hatchbacks, sedans, and crossovers in India.
- Honda recorded total sales of 10,867 units in April 2024 compared to 7,676 units sold in the same month last year.
- Honda operates two production facilities in India.
8. Renault
Renault is a French car manufacturer that entered the Indian market through a joint venture with Mahindra. But things did not go well and Renault started going its own way. Currently, the car brand is popular in India for its entry-level vehicles in the hatchback, SUV and MPV segments.
- Renault India’s current market share is 1.1% as of April 2024.
- The brand focuses on entry-level affordable cars.
- Renault produces affordable cars with spacious interiors and comfort features.
- The French carmaker’s Indian subsidiary could sell 2.23 million vehicles in the 2023 calendar year.
- Renault has partnered with Nissan to set up a production plant in India.
9. Skoda
Skoda is a Czech car manufacturer that entered India in 2001. It is also a subsidiary of the Volkswagen Group. Skoda is one of the best car brands in India, offering luxury sedans and SUVs. Skoda cars are powerful and have luxurious interiors. Check out the points below to learn more about Skoda India.
- Skoda’s market share in India is 0.8% as of April 2024.
- Total sales of Skoda vehicles in March 2024 were 2,802 units.
- Skoda is known for its premium cars with excellent performance and luxurious interiors.
- Skoda currently sells sedans and SUVs in the Indian market.
- Skoda India operates two production facilities.
10. MG Motor
- MG Motor (Morris Garages) is one of the leading automobile companies in India.
- The British automobile company, owned by Chinese company SAIC, entered the Indian market in 2017.
- The company launched its first product in 2019.
- Since then, the company has made a name for itself with its technologically innovative and feature-rich vehicles.
- MG Motor India achieved a market share of 1.3% (April 2024) despite a limited operating period.
- It primarily sells SUVs equipped with technological innovations and an abundance of comfort features.
- The brand also sells electric SUVs with a good range. MG Motor India’s sales for the calendar year 2023 were 56,902 units.
- The company operates manufacturing facilities in India.
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