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Top 5 Automobile Manufacturing Companies in India

By Finserv MARKETS - Aug 26,2020
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Top 5 Car Manufacturing Companies in India

Previously, most automobile manufacturers in India relied on foreign technologies for success in the market. However, this has significantly changed in today’s time. At present, automobile manufacturers in India have developed and are using their technology to produce excellent motor vehicles.

In fact, this has encouraged the automobile industry in India to be one of the fastest-growing sectors in the market. Today, the Indian audience can select from a wide range of cars available in the market – hatchbacks, SUVs, Sedan, MVPs, etc. Most of the top manufacturers of these cars have their operations up and running in India.

This section enlists top car manufacturing companies in India.

Top 5 Car Manufacturers in India

  1. Maruti Suzuki

  2. Hyundai India

  3. Tata Motors

  4. Mahindra & Mahindra

  5. Honda Cars

Maruti Suzuki

Maruti Suzuki holds up to 53 percent of the market shares when it comes to Indian passenger car sector. This makes it the leading car manufacturer in the country. In the year 2017-18, the company produced more than 1.6 million motor vehicles for local as well as international markets. Maruti Suzuki has three production plants across the country.

Some of the top-selling Maruti Suzuki vehicles in the market are –

  • Swift Dzire

  • Suzuki Vitara

  • Suzuki Grand Vitara

  • Suzuki Alto

In fact, motor insurers in India also sell Maruti Car Insurance plans that specifically cover Maruti Suzuki cars.

Hyundai India

The second in the line of the leading car manufacturers in India is the Hyundai Motor. The company is India’s #1 passenger car exporter to countries such as Africa and the Middle East. One of the biggest production of Hyundai Motor is its flagship model Santro. In the year 2017-18, the company manufactured over 5.2 Lakh motor vehicles for local and international automobile markets.

Hyundai Motor has two manufacturing units in Chennai, where some of the most advanced productions, quality, and testing is carried out. A few top-selling cars produced by the company are as follows –

  • Hyundai Eon

  • Hyundai Santro

  • Hyundai i10 and i10 Grand

  • Hyundai Xcent

  • Hyundai Verna

  • Hyundai Creta

  • Hyundai Tucson

Tata Motors

Another leading automobile manufacturer in India is Tata Motors. The company is ranked among the top four motor vehicle most-loved brands across the country. Apart from passenger cars, the company also produces buses, trucks, coaches, and commercial vehicles.

The passenger cars manufactured by Tata Motors include variants of Hatchback, Sedan, SUV, and MUVs. The most popular car produced by the company include –

  • Tata Sumo

  • Tata Indica

  • Tata Tiago

  • Tata Nexon

  • Tata Safari

  • Tata Storme

  • Tata Zest

Mahindra & Mahindra

Mahindra & Mahindra is widely popular for tractor manufacturing both in India and across the globe. The company is a part of Mahindra Group and also produces a significant number of SUVs in the country. Some of the top models of Mahindra and Mahindra are –

  • Mahindra Bolero

  • Mahindra Scorpio

  • Mahindra XUV500

  • Mahindra Thar

Honda Cars

Honda car is a shared venture of Siel Limited (an India-based company) and Honda Motor Co. Ltd. (a Japanese company). This joint venture entered the Indian automobile market in the year 1995. In the year 2017-18 Honda cars manufactured over 1.7 Lakh vehicles.

Some of the top flagship models of Honda Cars include –

  • Honda Accord

  • Honda Jazz

  • Honda City

  • Honda CR-V

  • Honda Brio

Over to You!

When buying a new car, you can certainly choose one of these certified Indian manufacturers. As per your affordability and convenience, you can narrow down your options and select a vehicle that will fulfil your on-road requirements.

While you are at it, do not forget to buy a comprehensive car insurance plan that will protect you and your vehicle financially in case of unfortunate events. Look for a plan with benefits such as car roadside assistance, hassle-free renewals, instant claim processing, cashless claim settlements, etc.

If you are looking for a policy, you can consider buying car insurance plans at Finserv MARKETS online. Also, you can purchase and renew your car insurance policy instantly on Finserv MARKETS App.

Finserv MARKETS, a subsidiary of Bajaj Finserv, is a one-stop digital marketplace that has been created for consumers on the go. It offers 500+ financial and lifestyle products, all at one place. At Finserv MARKETS, we understand that every individual is different. And that’s why we have invested in creating a proposition – Offers You Value. A value proposition that ensures you get offers which are tailor made for you. We also offer an amazing product range and unique set of online offers across Loans, Insurance, Investment, Payments and an exclusive EMI store. Be it in helping you achieve your financial life goals or offering you the latest gadgets, we strive to offer what you are looking for. From simple and fast loan application processes to seamless and hassle-free claim-settlements, from no cost EMIs to 4 hours product delivery, we work towards fulfilling all your personal and financial needs. What’s more! Now enjoy the same benefits in just one click with our Finserv MARKETS App.

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