Car Manufacturers In India

Be it a petrol, diesel or electric car, manufacturers offer many options for you to select from. Since buying a car is a major investment, it is important to carry out the proper research about the manufacturer and the -type of car they are offering.

Top Automobile Companies in India

Maruti Suzuki

It was formed in 1981 as a joint venture between the Indian company Maruti Udyog and the Japanese automobile giant Suzuki. It had a market share of more than 40% in July 2023^[1]. Maruti Suzuki mostly makes petrol cars. Their well-known models are Wagon-R, Celerio, Ciaz, Baleno, and Ertiga, to name a few.

Tata Motors

Although it was established in 1945, Tata Motors did not start making passengers cars until 1991, with the introduction of Tata Sierra. Since then, Tata Motors has reinvented itself, and today Tata Motors has a market share of more than 13% in 2023^[2]. Their current offerings are Nexon, Altroz, Tiago, Zest, Safari, and Punch, among many.

Hyundai Motors

After the liberalisation of the Indian economy in 1991, the South Korean giant Hyundai entered the Indian markets in 1996. It was one of the first companies to end the monopoly of Maruti Suzuki. Hyundai’s market share in the Indian automobile industry is more than 14%^[3]. Creta, Verna, Xcent, Aura and Venue are some of the offerings from which you can select.

Mahindra & Mahindra

Founded in 1945 in Ludhiana, Mahindra & Mahindra started producing passenger cars in 1945. It had a market share of more than 10% in the month of July 2023^[4]. You can select from models such as Scorpio, XUV 300, XUV 700 and Marazzo.

Honda Motors

Honda entered the Indian car market in 1995, with the Japanese automobile giant launching its first car in India in 1998. Honda has a market share of about 1.5% in July 2023^[5]. Models you can select from are City, Civic, Jazz, Amaze and WR-V among others. Now that you are acquainted with the different brands you can select from, you can make your own list of brand preference on the basis of their USPs.

What Are The Key Points To Consider When Buying A Car?

Fuel Mileage

If you are looking for a car offering savings in terms of fuel consumption and providing better mileage, you may consider brands such as Maruti Suzuki, Honda, Toyota, and Tata.

After Sales Service

One of the deciding factors for many people when purchasing a car is the maintenance cost. They often look for brands providing good after sales service along with better savings. If maintenance cost is your main concern, you may consider brands such as Hyundai, Maruti Suzuki, Toyota, Tata, and Mahindra & Mahindra.

Safety Rating

Due to the growing number of vehicles on Indian roads, safety of your vehicle and yourself becomes a major deciding factor. While insurance for car can be considered as a 2^nd layer of safety, the 1^st layer is the safety provided by the car. The build of the car and the safety features it offers contribute towards its safety ratings. Tata, Mahindra & Mahindra, Toyota, Volvo, and Volkswagen may be considered as some of the brands that offer a good safety rating for their cars.

Resale Value

Many car buyers purchase a car with the intention of reselling it after a few years of usage. Not every car brand gets a good resale value due to various factors. If you are also planning to sell the car after a couple of years of usage, you may opt for car brands such as Maruti Suzuki, Hyundai, Toyota, Mahindra and Mahindra, and Honda, as they offer a better resale value.

Electric Offerings

Many car owners are ditching their fuel cars to switch to electric cars, since they can be cost-saving and environment-friendly. If you wish to own an electric car, MG (Morris Garage), Tata, Hyundai, and BMW are some of the car brands to look at. \While an electric car is environment-friendly, you can also make your experience of driving it pocket-friendly by protecting yourself from expensive damages with the help of car insurance. Experiment with a car insurance premium calculator before you purchase the policy.

Conclusion

There are multiple options for you to choose from when it comes to purchasing a new/used vehicle. With the above information, you can begin looking for a car fitting your requirement without getting confused. At the same time, do remember to purchase a policy for the car. If you already have an existing policy, carry out the car insurance renewal to enjoy its uninterrupted coverage.     *Standard T&C apply Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.