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What are India’s Top Selling Cars?

By Finserv MARKETS - Aug 5,2019
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Car Insurance For Top Selling Cars

There has been a slump in the sales figures of the Indian automobile industry for a while now. The passenger vehicle segment has witnessed a drop of 21 percent in its May 2019 sales as against the same period in 2018. However, several pundits attribute this drop to the uncertainty of future policies, and the country’s General Elections in the Q1 of FY 2019. This slump in car sales has compelled the car manufacturers to attract customers by doling out special discounts and exclusive benefits. So, if you are planning to buy a car, now is the time.

When you purchase a new car, it’s a must to buy a comprehensive car insurance policy that includes a third party liability cover too. Most car dealers offer insurance plans to their customers through a tie-up with insurance companies on a commission basis. While this saves time, buying a car insurance plan offered by the car dealer doesn’t give you the opportunity to compare quotes. The insurance quote comparison helps in deciding upon a suitable policy.

Despite the slump, Maruti Suzuki and Hyundai dominated the passenger sales in India last month.

Here are India’s top-selling cars:

  • Maruti Suzuki Swift

The Swift is credited with introducing the premium hatchback segment to India. It witnessed a growth of 8 percent in May 2019 over the previous month. Its heavy demand in the Indian market can be attributed to its easy maintenance and smooth driving experience.

  • Maruti Suzuki Alto

The Alto has typically dominated the Indian market in terms of sales, having occupied the top-spot left by the Maruti 800. The Alto recently received a facelift and upgrade a few weeks ago. Despite witnessing a 28 percent drop in its sales in May 2019, it continues to dominate the entry-level hatchback segment with a current market share of 73 percent.

  • Maruti Suzuki Dzire

This is a popular compact sedan car based on the Swift car of the Maruti Suzuki stable. It sells one unit every 2 mins and has recently crossed a total of 19 lakh cumulative sales mark, a feat unachieved by any sedan in the history of the Indian automobile industry so far. The new generation Dzire has recently got a facelift, and it’s spacious legroom, additional boot space are the attractive features that can impress any medium-sized family of 4-5 persons.

  • Maruti Suzuki Baleno

Maruti Suzuki’s premium hatchback Baleno has reached 6 lakh cumulative sales milestone since its launch in the country in Oct 2015. It is available in three engine options- petrol, diesel and a Dual jet, smart hybrid petrol. There’s also a Baleno RS variant powered by a 3-cylinder, petrol engine. In Jan 2019, it received a new facelift.

  • Maruti Suzuki Wagon R

The sales of new Wagon R that was launched in Jan 2019, have now crossed the 50,000 unit mark, in just four months of launch. It has witnessed a sales jump of 22 percent in May over the previous month maintaining its clear lead over rivals like Tata Tiago and Hyundai Santro in this segment. This reflects the popular acceptance of Wagon R in the country.

  • Maruti Suzuki Eeco

It made a return to the coveted list of country’ top 10 cars after almost ten years. With the Omni being phased out, this happens to be the only van in the company’s basket. This explains its 14 percent growth in May 2019 over the previous month. It is sold in many variants with multiple interior layouts to cater to different requirements.

  • Hyundai Creta

Despite a negative month on month (MoM) growth of 14 percent in May 2019, Hyundai Creta now occupies the top spot as India’s no.1 selling SUV by overtaking Maruti Vitara Brezza, after nearly 2 years.

  • Hyundai i20

This is another model of Hyundai that has been around even before its prime competitor, the Maruti Baleno, which is placed at bit higher in the list. It has received several updates since its launch. The Hyundai i20’s month-on-month sales have declined by 14 percent in May 2019.

  • Maruti Suzuki Ertiga

The Ertiga is the only new entrant in the top 10 list of best-selling cars of May 2019, replacing the Hyundai Grand i10 from the previous top-10 list. This can be attributed to its sales that climbed by 10 percent in May 2019 from the previous month.

  • Maruti Suzuki Vitara Brezza

The sales of this Maruti’s sub-SUV model have fallen down by a massive 25 percent in May 2019 when compared to its previous month sales. Despite the launch of Hyundai Venue eating into Brezza’s market share, it still manages to retain a spot in the top-10 list of cars sold in India.

Buying a car insurance policy online makes more sense given the transparency of the process and the ability to process all of the relevant information. Bajaj Allianz car insurance policy on Finserv MARKETS provides comprehensive coverage against road accidents, damages caused due to natural calamities and man-made disasters. This package also comprises a third party liability cover to protect yourself against any legal liability for damages caused to a third party during an accident. You can also avail cashless claim facility across 4000+ garages and a no claim bonus up to 50 percent.

Purchasing a car insurance plan to protect you and your car is as essential as buying a new car. So, it is better to research a bit, and get an insurance quote comparison online, before opting for a good plan that includes a third party liability cover along with a host of other benefits under own damage cover.

To know more on car insurance in depth, you can check out these blogs:

Finserv MARKETS, from the house of Bajaj Finserv, is an exclusive online supermarket for all your personal and financial needs. We understand that every individual is different and thus when you plan to achieve your life goals or shop for the gadget of your dreams, we believe in helping you Make it Happen in a few simple clicks. Simple and fast loan application processes, seamless, hassle-free claim-settlements, no cost EMIs, 4 hours product delivery and numerous other benefits. Loans, Insurance, Investment and an exclusive EMI store, all under one roof – anytime, anywhere!

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