This is the List of Top 10 Best Car Company in India 2023 [Top Car Brands in India] which sorted out based on the Market share in the Passenger Vehicles segment in India.
The demand for diesel models continued its weakening trend, and its industry share declined from 40% to 36%. The Total Volume of Passenger Vehicle (PV) sales stood at 3.4 million in the year 2019.
List of Top 10 Best Car Brands [Company] in India 2023 By Market share
So here is the list of Top 10 Companies in India 2020 [Top Car Brands in India] that are listed based on the market share in the Car segment.
10. Volkswagen India
Headquartered in Pune, Maharashtra, the Volkswagen Group in India is represented by five brands: SKODA, Volkswagen, Audi, Porsche and Lamborghini. The Indian journey began with the launch of SKODA in 2001. Audi and Volkswagen entered in 2007, while Lamborghini and Porsche were introduced in 2012.
Market Share: 1.03 %
Today, the Group upholds its mantle of superior engineering, with plants in Pune and Aurangabad working seamlessly to manufacture the world’s most loved cars. From low-consumption small cars to luxury class vehicles, each car is convincingly worthy of its place on the road. One of the top car brands in India.
Read More about Volkswagen Group | List of Brand Owned
9. Nisson India
Nissan Motor India Pvt Ltd is a wholly-owned subsidiary of Nissan Motor Co. Ltd Japan. The company was incorporated in 2005 and offers innovative and exciting products across hatchback, MUV, SUV and sedan segments in India.
- Market share: 1.08 %
Nissan in India has a portfolio of two brands, Nissan and Datsun. In February 2008, Nissan, together with its global alliance partner Renault signed a MoU with Government of Tamil Nadu to set up a manufacturing plant at Oragadam, near Chennai with an investment of INR 45 billion over a period of 7 years.
8. Renault India
Renault India Pvt Ltd is a wholly-owned subsidiary of Renault S.A., France and currently offers five models in the Indian market: the SUV Duster, the compact MPV Lodgy and Triber, budget car Kwid and the latest crossover Captur. The company also exports the Duster to a growing number of right-hand drive markets.
Market Share: 2.36 %
Renault cars are manufactured at the manufacturing facility located in Oragadam, Chennai, with a capacity of 480,000 units pa with 3 shifts per day. The company is 8th in the list of top 10 best car companies in India.
7. Ford India
Ford has been making in India, for India and the world, with its integrated manufacturing facilities in Chennai, Tamil Nadu and Sanand, Gujarat. The company, since its entry in India in 1995.
Today, Ford India’s integrated manufacturing facility at Maraimalai Nagar, near Chennai, produces its award-winning range of products including the Ford EcoSport and Ford Endeavour. The world-class manufacturing plant in Sanand manufactures Ford Figo, New Ford Aspire and Ford Freestyle.
Market Share: 2.75 %
Ford exports Figo, Aspire, and EcoSport to over 70 markets around the world. With Sanand being operational, Ford India has also doubled its annual installed manufacturing capacity to 610,000 engines and 440,000 vehicles.
Along-side new product introduction, Ford continues to grow closer to customers with the continued expansion of its nationwide dealership network as well as world-class after-sales offerings. Till April 2019, Ford has 541 sales and service touchpoints in 292 cities across India.
6. Toyota Kirloskar Motor Private Limited
Toyota is making cars galore in Bangalore. TKM was established in 1997 and is a joint venture between Toyota (89%) and Kirloskar Group (11%).
TKM manufactures a line of Toyota vehicles, including the Corolla Altis, Fortuner, and Innova models, and imports the Camry, Prado, Land Cruiser, and Prius models. It is one of the Best Car Company in India.
- Market Share: 4.46 %
It sells its cars through a network of dealers in more than 60 cities throughout India. TKM’s annual production capacity is about 80,000 units. It launched a second Bangalore production plant that began operations in late 2010.
5. Honda Cars India Ltd.
Handa cars India Limited was established in the year 1995. It is a leading manufacturer of premium cars in India, was established in December 1995 with a commitment to provide Honda’s latest passenger car models and technologies, to the Indian customers. HCIL has two state-of-the-art manufacturing facilities at Greater Noida, U.P and at Tapukara, Distt. Alwar, Rajasthan.
- Market share: 5.44 %
The company’s product range includes Honda Brio, Honda Jazz, Honda Amaze, Honda WR-V, Honda BR-V, Honda City, Honda Civic and Honda CR-V – which are manufactured in India. The Accord Hybrid is being sold as a Completely Built Unit (CBU) imported from Thailand. It is one of the Best Car Company in India
Honda’s models are strongly associated with advanced design and technology, apart from their established qualities of durability, reliability and fuel-efficiency. The company has a strong sales and distribution network with 374 facilities in 264 cities across spread across the country.
4. Tata Motors Ltd
Part of the USD100 billion Tata group founded by Jamsetji Tata in 1868, Tata Motors is among the world’s leading manufacturers of automobiles. Tata Motors Group (Tata Motors) is a $45 billion organization. It is a leading global automobile manufacturing company. This is the financial of Tata motors ltd India operations standalone.
- Market Share: 6.85 %
- Sales₹ 3,76,268 Cr.
- Operating profit₹ 42,725 Cr.
- Net profit₹ 10,941 Cr.
- Sales last year₹ 3,45,967 Cr.
- EBIDT last year₹ 36,224 Cr.
- Sales growth 3Years 9.84 %
Its diverse portfolio includes an extensive range of cars, sports utility vehicles, trucks, buses and defense vehicles. Tata Motors is one of India’s largest OEMs offering an extensive range of integrated, smart and e-mobility solutions. Tata motors is one of the top car brands in India.
- Total Assets₹ 3,34,674 Cr.
- Reserves₹ 44,556 Cr.
- Debt₹ 1,34,113 Cr.
- Debt to equity2.96
- Dividend yield0.32 %
- Face value₹ 2.00
- ROE 5Yr-7.54 %
- ROCE5.95 %
- ROCE 3Yr4.37 %
- Return on equity5.62 %
3. Mahindra & Mahindra Ltd
Mahindra & Mahindra Ltd., a mobility products and farm solutions provider, is the flagship Company of the Mahindra Group. Since assembling the first vehicle in 1947, The company has grown rapidly. Mahindra offers a wide range of products and solutions ranging from SUVs to electric vehicles, pickups, commercial vehicles, tractors, two-wheelers, and construction equipment.
- Market Share: 7.53 %
- Sales: ₹ 1,26,838 Cr.
- Operating profit: ₹ 22,228 Cr.
- Net profit: ₹ 12,698 Cr.
- Sales last year: ₹ 1,21,269 Cr.
- EBIDT last year: ₹ 22,997 Cr.
- Sales growth 3Years: 17.2 %
The company commenced exports in the 1960s, and today, Mahindra vehicles and tractors can be found in all six habitable continents of the world. Headquartered in India, Mahindra employs over 2,40,000 people across 100 countries.
The company has 57 MANUFACTURING FACILITIES AROUND THE WORLD TURKEY 04 MEXICO 01 JAPAN 01 INDIA 22 ITALY 02 FINLAND 01 CHINA 01 FRANCE 01 AUSTRALIA 02 BRAZIL 01 AFRICA 12.
- Total Assets: ₹ 2,04,283 Cr.
- Reserves: ₹ 55,809 Cr.
- Debt: ₹ 92,247 Cr.
- Debt to equity: 1.64
- Dividend yield: 1.05 %
- Face value: ₹ 5.00
- ROE 5Yr: 10.2 %
- ROCE: 12.7 %
- ROCE 3Yr: 10.4 %
- Return on equity: 18.1 %
Read More Mahindra & Mahindra Ltd | Company Products
2. Hyundai Motor India Limited
Hyundai Motor India Limited (HMIL) is a wholly-owned subsidiary of Hyundai Motor Company (HMC). HMIL is the second largest car manufacturer and the number one car exporter since inception in India.
It currently has nine car models across segments – SANTRO, GRAND i10, ELITE i20, ACTIVE i20, XCENT, VERNA, ELANTRA, CRETA & TUCSON. HMIL’s fully integrated state-of-the-art manufacturing plant near Chennai boasts advanced production, quality, and testing capabilities. Hyundai is the top car brands in India.
- Market Share: 16.14 %
HMIL forms a critical part of HMC’s global export hub. It currently exports to around 88 countries across Africa, Middle East, Latin America, Australia, and the Asia Pacific. To support its growth and expansion plans, HMIL currently has 493 dealers and more than 1,309 service points across India.
In its commitment to provide customers with cutting-edge global technology, Hyundai has a modern multi-million dollar R&D facility in Hyderabad. The R&D center endeavors to be a center of excellence in automobile engineering.
1. Maruti Suzuki India Ltd
The Company was established in 1981. A joint venture agreement was signed between the Government of India and Suzuki Motor Corporation (SMC), Japan in 1982. The Company became a subsidiary of SMC in 2002. In terms of production volume and sales, the Company is now SMC’s largest subsidiary.
- Dividend Yield: 0.87 %
- ROCE: 14.5 %
- ROE: 11.5 %
- Face Value: ₹ 5.00
SMC currently holds 56.21% of its equity stake. It is a public limited company and its shares are traded at the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). It is one the Best Car Company in India.
- Market share: 51.22 %
- Sales: ₹ 1,23,398 Cr.
- Operating profit: ₹ 11,945 Cr.
- Net profit: ₹ 9,700 Cr.
- Sales last year: ₹ 1,17,571 Cr.
- EBIDT last year: ₹ 11,438 Cr.
- Sales growth 3Years: 15.8 %
- Total Assets: ₹ 84,597 Cr.
- Reserves: ₹ 61,640 Cr.
- Debt: ₹ 1,247 Cr.
The Company has two state-of-the-art manufacturing facilities located in Gurugram and Manesar in Haryana, with a combined annual production capacity of ~1.58 million units per annum. Market leader in the passenger vehicle segment in India. It is the Largest No 1 car Company in India based on sales and market share. Read more Maruti Suzuki India Ltd | Product Portfolio.
| No | Company Name |
| 1 | Maruti Suzuki India Ltd |
| 2 | Hyundai Motor India Limited |
| 3 | Mahindra & Mahindra Ltd |
| 4 | Tata Motors Ltd |
| 5 | Honda Cars India Ltd. |
| 6 | Toyota Kirloskar Motor Private Limited |
| 7 | Ford India |
| 8 | Renault India |
| 9 | Nisson India |
| 10 | Volkswagen India |
Read More about Top 10 Automobile Companies in the world
List of Top 10 Car Company in India based on the market share and Revenue
Here is the list of Top 10 best car companies[Brands] in India based on the total sales and market share.
- 1. Maruti Suzuki India Ltd
- 2. Hyundai Motor India Limited
- 3. Mahindra & Mahindra Ltd
- 4. Tata Motors Ltd
- 5. Honda Cars India Ltd.
- 6. Toyota Kirloskar Motor Private Limited
- 7. Ford India
- 8. Renault India
- 9. Nisson India
- 10. Volkswagen India
Read More Top 8 Bike Companies in India
Based on Market share and Turnover Maruti Suzuki India Ltd is the No 1 Largest Car Company in India with a market share of around 51.22 %. More than half of the Car sold in India is from Maruti Suzuki.
Maruti Suzuki’s Alto is the Most selling cars in India. The company has a market share of 51% in Indian Passenger vehicle Market.
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Hundai is best
Amazing collection. Great share
Friends, always purchase tata motors or mahindra motors car because this company is an indian company and support ( MADE IN INDIA ) ..
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