Though the car sales are facing a downfall since months in India, the continuing growth in car launches and the ever-expanding carmakers’ distribution networks are not affected. Indeed, the local auto industry remains one of the fastest-growing sectors globally, even after a decline in demand. Shortly, this market seems likely to expand to unparalleled levels with the Top 5 Brands on Indian market mentioned below:
Maruti Suzuki India Ltd (MSIL), with market size of more than 50%, is among the most successful car manufacturers across the world. With Maruti 800, Maruti Suzuki started her Indian tenure with designs such as the Omni and the Gypsy. The car manufacturer currently has over 1,500 facilities throughout the world. In addition to standard retail stores for models such as Alto and Celerio, the Company has exclusive Nexa outlets for the selling of models such as Baleno and S-Cross.
Toyota Kirloskar Engine, the Indian arm of the Japanese automaker titan is the next Top 5 car manufacturer in India. Since the 1990s, when Toyota launched its Indian business, it has been primarily visual. Since then, the Company hasn’t looked back.
In the future, Mahindra will be introducing several new products, such as the XUV500, Bolero, and Scorpio next-generation technologies. Furthermore, the Company launched an electrical variant of the XUV300 to focus on the fast-rising EV wave.
Tata Motors has managed to contribute to the extremely competitive category of small automobiles with Tiago. At another end, its compact SUV, the Safari Storme, has started fading. Fortunately, the Harrier has been well received on the market and will enable the brand in the SUV segment to stay on its feet.
BSVI-compatible models of its petrol and diesel engines will be introduced for Hyundai. Furthermore, after the vast response Kona earned from Indian car buying stock, it will launch more electrical items. By incorporating more touchpoints to its already robust network, Hyundai will also concentrate on further improving its sales and support channel.