Automobile Industry, Indian Automobile Companies - IBEF (2023)

The Indian automobile industry contributes almost 6.4% of India's GDP and 35% of manufacturing GDP and is a leading employment provider.

Advantage India

Growing
Demand

*Rising middle class income and a huge youth population will result in strong demand.

*In June 2022, the total production of passenger vehicles*, three wheelers, two wheelers, and quadricycles was 2,081,148 units.

Automobile Industry, Indian Automobile Companies - IBEF (1)

Opportunities

*India could be a leader in shared mobility by 2030, providing opportunities for electric and autonomous vehicles.

*Focus is shifting to electric vehicles to reduce emissions.

*The electric vehicles industry is likely to create five crore jobs by 2030.

Automobile Industry, Indian Automobile Companies - IBEF (2)

Rising
Investment

*The automobile sector received cumulative equity FDI inflow of about US$ 32.84 billion between April 2000-March 2022.

*The Government of India expects the automobile sector to attract US$ 8-10 billion in local and foreign investments by 2023.

Automobile Industry, Indian Automobile Companies - IBEF (3)

Policy
Support

*In September 2021, the Indian government issued notification regarding a PLI scheme for automobile and auto components worth Rs. 25,938 crore (US$ 3.49 billion).

*The Automotive Mission Plan 2016-26 is a mutual initiative by the Government of India and the Indian automotive industry to lay down the roadmap for the development of the industry.

Automobile Industry, Indian Automobile Companies - IBEF (4)

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Last updated: Oct, 2022

Automobile Industry Report Aug, 2022

Introduction

The Indian automobile industry has historically been a good indicator of how well the economy is doing, as the automobile sector plays a key role in both macroeconomic expansion and technological advancement. The two wheelers segment dominates the market in terms of volume, owing to a growing middle class and a huge percentage of India’s population being young. Moreover, the growing interest of companies in exploring the rural markets further aided the growth of the sector. The rising logistics and passenger transportation industries are driving up demand for commercial vehicles. Future market growth is anticipated to be fueled by new trends including the electrification of vehicles, particularly three-wheelers and small passenger automobiles.

India enjoys a strong position in the global heavy vehicles market as it is the largest tractor producer, second-largest bus manufacturer, and third-largest heavy trucks manufacturer in the world. India’s annual production of automobiles in FY22 was 22.93 million vehicles.

India is also a prominent auto exporter and has strong export growth expectations for the near future. In addition, several initiatives by the Government of India such as the Automotive Mission Plan 2026, scrappage policy and production-linked incentive scheme in the Indian market are expected to make India one of the global leaders in the two-wheeler and four-wheeler market by 2022.

Market Size

The India passenger car market was valued at US$ 32.70 billion in 2021, and it is expected to reach a value of US$ 54.84 billion by 2027, while registering a CAGR of over 9% between 2022-27.

The electric vehicle (EV) market is estimated to reach Rs. 50,000 crore (US$ 7.09 billion) in India by 2025. A study by CEEW Centre for Energy Finance recognised a US$ 206 billion opportunity for electric vehicles in India by 2030. This will necessitate a US$ 180 billion investment in vehicle manufacturing and charging infrastructure.

According to NITI Aayog and the Rocky Mountain Institute (RMI), India's EV finance industry is likely to reach Rs. 3.7 lakh crore (US$ 50 billion) by 2030. A report by the India Energy Storage Alliance estimated that the EV market in India is likely to increase at a CAGR of 36% until 2026. In addition, projection for the EV battery market is expected to expand at a CAGR of 30% during the same period.

Indian automotive industry is targeting to increase export of vehicles by five times during 2016-26. In FY22, total automobile exports from India stood at 5,617,246.

Automobile Industry, Indian Automobile Companies - IBEF (6)

Investments

To keep up with the growing demand, several auto makers have started investing heavily in various segments of the industry during the last few months. The industry attracted Foreign Direct Investment equity inflow (FDI) worth US$ 32.84 billion between April 2000-March 2022, accounting for 6% of the total equity FDI during the period.

Some of the recent/planned investments and developments in the automobile sector in India are as follows:

  • In July 2022, Maruti Suzuki was India’s biggest car seller, with 98,318 units sold.
  • In June 2022, the total production of passenger vehicles*, three wheelers, two wheelers, and quadricycles was 2,081,148 units.
  • In April 2022, Tata Motors announced plans to invest Rs. 24,000 crore (US$ 3.08 billion) in its passenger vehicle business over the next five years.
  • In March 2022, MG Motors, owned by China's SAIC Motor Corp, announced plans to raise US$ 350-500 million in private equity in India to fund its future needs, including EV expansion.
  • In February 2022, a memorandum of understanding (MoU) was signed between electric two-wheeler company Ather Energy and Electric Supply Companies (ESCOMs) of Karnataka for setting up 1,000 fast charging stations across the state.
  • In February 2022, Tata Power and Apollo Tyres Ltd announced a strategic partnership for the establishment of 150 public charging stations across India.
  • Two-wheeler EV maker HOP Electric Mobility, a diversified business venture of Rays Power Infra, is looking at investing Rs. 100 crore (US$ 13.24 million) over the next two years to expand manufacturing capacity for its EVs.
  • Investment flow into EV start-ups in 2021 touched an all-time high, increasing nearly 255% to reach Rs. 3,307 crore (US$ 444 million).
  • In December 2021, TVS Motor Company and BMW Motorrad, announced a partnership in the two-wheeler EV space, with plans to release their first electric two-wheeler within the next two years.
  • In December 2021, Hyundai announced plans to invest Rs, 4,000 crores (US$ 530.25 million) in R&D in India, with the goal of launching six EVs by 2028.
  • A cumulative investment of Rs. 12.5 trillion (US$ 180 billion) in vehicle production and charging infrastructure would be required until 2030 to meet India’s EV ambitions.

Government Initiatives

The Government of India encourages foreign investment in the automobile sector and has allowed 100% FDI under the automatic route. Some of the recent initiatives taken by the Government of India are:

  • As of July 15, 2022, under the FAME India Scheme I & II, a total of 532 EV charging stations have been installed by oil companies under the Ministry of Petroleum and Natural Gas (MoPNG).
  • In February 2022, Mr. Nitin Gadkari, Minister of Road Transport and Highways, revealed plans to roll out Bharat NCAP, India’s own vehicle safety assessment program.
  • In February 2022, 20 carmakers, including Tata Motors Ltd, Suzuki Motor Gujarat, Mahindra and Mahindra, Hyundai and Kia India Pvt. Ltd, were chosen to receive production-linked incentives (PLI) as part of the government's plan to increase local vehicle manufacturing and attract new investment. The 20 automobile companies have proposed a total investment of around Rs. 45,000 crore (US$ 5.95 billion).
  • In the Union Budget 2022-23, the government laid out the following initiatives:
    • The government introduced a battery-swapping policy, which will allow drained batteries to be swapped with charged ones at designated charging stations, thus making EV’s more viable for potential customers.
    • India’s National Highways would be expanded by 25,000 km in 2022-23 under the Prime Minister’s Gati Shakti Plan.
  • In November 2021, the Union Government added >100 advanced technologies, including alternate fuel systems such as compressed natural gas (CNG), Bharat Stage VI compliant flex fuel engines, electronic control units (ECU) for safety, advanced driver assist systems and e-quadricycles, under the PLI scheme for automobiles.
  • In September 2021, Minister of Road Transport and Highways, Mr. Nitin Gadkari, announced that government is planning to make it mandatory for car manufacturers to produce flex-fuel engines after getting the required permissions from the Supreme Court of India.
  • In September 2021, the Indian government issued notification regarding a PLI scheme for automobile and auto components worth Rs. 25,938 crore (US$ 3.49 billion). This scheme is expected to bring investments of over Rs. 42,500 (US$ 5.74 billion) by 2026, and create 7.5 lakh jobs in India.
  • In August 2021, Prime Minister Mr. Narendra Modi launched the Vehicle Scrappage Policy, which aims to phase out old polluting vehicles in an environmentally-safe manner.
  • The Indian government has planned US$ 3.5 billion in incentives over a five-year period until 2026 under a revamped scheme to encourage production and export of clean technology vehicles.
  • In July 2021, India inaugurated the NATRAX, which is Asia’s longest high-speed track and the fifth-largest in the world.
  • As of June 2021, Rs. 871 crore (US$ 117 million) has been spent under the FAME-II scheme, 87,659 electric vehicles have been supported through incentives, and 6,265 electric buses have been sanctioned for various state/city transportation undertakings.
  • In May 2021, the Central Government approved a PLI scheme for manufacturing Advanced Chemistry Cells (ACC) with a budget of Rs. 18,100 crores (US$ 2.33 billion). In March 2022, four firms, namely Reliance New Energy Solar Limited, Ola Electric Mobility Private Limited, Hyundai Global Motors Company Limited and Rajesh Exports Limited, were elected to receive the incentives.

Road Ahead

The automobile industry is dependent on various factors such as availability of skilled labour at low cost, robust R&D centres, and low-cost steel production. The industry also provides great opportunities for investment, and direct and indirect employment to skilled and unskilled labour. The electric vehicles industry is likely to create five crore jobs by 2030.

In August 2022, the Indian government launched India’s first double decker electric bus in Mumbai. Looking long term, the government feels it is necessary to overhaul the country’s transportation system. It is working to create an integrated electric vehicle (EV) mobility ecosystem with a low carbon footprint and high passenger density with an emphasis on urban transportation reform. The government's strategy and policies are intended to promote greater adoption of electric vehicles in response to growing customer demand for cleaner transportation options.

(Video) IBEF AV

The Government of India expects the automobile sector to attract US$ 8-10 billion in local and foreign investments by 2023. India could be a leader in shared mobility by 2030, providing opportunities for electric and autonomous vehicles.

Automobile Industry, Indian Automobile Companies - IBEF (7)

The Indian auto industry is expected to record strong growth in 2022-23, post recovering from effects of COVID-19 pandemic. Electric vehicles, especially two-wheelers, are likely to witness positive sales in 2022-23.

Notes: *Data except for BMW, Mercedes, Tata Motors & Volvo Auto

References: International Organization of Motor Vehicle Manufacturers, Media Reports, Press Releases, Department for Promotion of Industry and Internal Trade (DPIIT), Automotive Component Manufacturers Association of India (ACMA), Society of Indian Automobile Manufacturers (SIAM), Union Budget 2022-23

Automobile Industry Report Aug, 2022
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FAQs

Who are the top 5 automobile manufacturers in India? ›

Top Car Manufacturing Companies in India
  • Maruti Suzuki. The unparalleled winner of automobile manufacturers in India is Maruti Suzuki. ...
  • Hyundai India. Hyundai Motor is the second largest automobile manufacturer in India. ...
  • Tata Motors. Tata Motors is another auto-giant in India. ...
  • Mahindra & Mahindra. ...
  • Honda Cars.

Where is India's biggest automobile hub? ›

Around Chennai is the southernmost and largest, with a 35% revenue share, accounting for 60% of the country's automotive exports, and home of the operations of Heavy Vehicles Factory, Engine Factory Avadi, Ford, Hyundai, Renault, Mitsubishi, Nissan, BMW, Hindustan Motors, Daimler, Caparo, Mini, Citroën and Datsun.

What is a good ROCE for automotive industry? ›

A good rule of thumb is that a ROCE of 15% or more is reflective of a decent quality business and this is almost certain to mean it is generating a return well above its WACC. A ROCE is made up of two parts – the return and the capital employed.

What is the current status of automobile industry in India? ›

India's Automotive Market was valued at USD 100 billion in 2021 and is expected to reach USD 160 billion in 2027, registering a compounded annual growth rate (CAGR) of 8.1% over the forecast period (2022-2027).

Which is the No 1 car brand in India? ›

Maruti Suzuki is the No. 1 car company in India in terms of market share. Occupying almost 49% of the country's passenger car market, Maruti Suzuki is well-loved and respected throughout the country for its efficient, frugal, and affordable vehicles.

Which city is known as automobile city in India? ›

Chennai is nicknamed the "Detroit of Asia" due to the presence of major automobile manufacturing units and allied industries around the city.

Which is Asia biggest auto market? ›

China is the largest automobile market worldwide, both in terms of demand and supply. China's automobile registrations climbed to approximately 21.1 million units in 2020, representing a rise of around 6.6 percent.

Where is Asia's largest auto market? ›

India is now the 4th largest auto market, overtakes Germany
RankCountry% growth over 2016
1China3.9
2USA-1.6
3Japan5.4
4India9.5
6 more rows
24 Mar 2018

Is 20% a good ROCE? ›

A ROCE of at least 20% is usually a good sign that the company is in a good financial position. But keep in mind that you shouldn't compare the ROCE ratios of companies in different industries.

Is a low ROCE good? ›

A low ROCE indicates that a company is not generating a high return on the investment and is likely to be a not a good investment.

Which is better ROE or ROCE? ›

While ROE uses the overall accounting profits in relation to shareholders' funds (net income and total equity), ROCE is considered a superior measure due to its focus on operating profits and overall assets, both debt and equity.

What is the future of automobile industry? ›

Opportunities in the automotive industry seem nearly endless. However, two key trends are set to further push the automotive industry forward in the long run: electrification and connectivity. These trends are mainly driven by policy changes and technology.

What is the problem of automobile industry in India? ›

A host of factors are challenging the growth rate of the Indian automotive sector, like the new environmental safety regulations, fuel price hikes, liquidity crunch, amongst others. Some of the most crucial issues that all automobile manufacturers are currently facing include: Global Shortage Of Semiconductors.

Which car is No 1 in world? ›

Top 10 cars in the world - Overall
NameTop Speed0-100 kmh
Bugatti Centodieci379.80 kmh/236 mph2.4 seconds
Lamborghini Veneno355 kmh/221 mph2.9 seconds
Ford GT348 kmh/216 mph3.3 seconds
Lamborghini Aventador SVJ350 kmh/217 mph2.8 seconds
6 more rows

Which country car is best? ›

Top 10 Countries That Produces The Best Possible Automobiles
  • Italy: One of the nations that are renowned in the business for producing high-quality vehicles. ...
  • Germany: Germany is renowned for making enduring automobiles under the names Audi, Volkswagen, BMW, and Mercedes-Benz.
2 Jul 2022

Where is the biggest car industry? ›

The global auto industry is highly competitive, and it is dominated by companies in Europe, Japan, the United States, and South Korea. Volkswagen, Toyota, and Daimler are the three leading passenger car manufacturers in the world.
...
The Largest Car Companies in the World (2021 Ranking List)1
2
Toyota
Japan
23 more columns
21 Feb 2022

Which is the king of cars in India? ›

Rolls-Royce Phantom User Reviews

Excellent car and amazing features with mind-blowing designs, Rolls Royce is one of the greatest cars in the world.

Which is India's top selling car? ›

1. Maruti Suzuki Alto. Maruti Suzuki's entry-level hatchback has made a return to the top spot with 24,844 units sold in September. The launch of the Alto K10 with a new exterior and interior design as well as the fuel efficient 1.0-litre engine has been a major boost.

Which car is most selling in India? ›

The Top 10 Bestselling Cars in India
  1. Maruti Suzuki Wagon R. The number one bestselling car in India remains the Wagon R, with 1,88,838 units sold in FY 22. ...
  2. Maruti Suzuki Swift. ...
  3. Maruti Suzuki Baleno. ...
  4. Maruti Suzuki Alto. ...
  5. Tata Nexon. ...
  6. Hyundai Creta. ...
  7. Maruti Suzuki Ertiga. ...
  8. Maruti Suzuki Brezza.
16 Sept 2022

Which is the best No 1 city in India? ›

Best cities to live in India: Mumbai

Mumbai is renowned for several nicknames, including 'The Dream City,' 'Land of Bollywood,' 'Financial Capital of India,' and many more. This city is known as both the commerce and entertainment hub of India.

Which state has highest car in India? ›

Chandigarh has the highest 702 per thousand population and Bihar has the lowest 31 vehicle per thousand populations.
...
Indian states ranking by number of vehicles.
RankState or union territoryRegistered Motor Vehicles per 1,000 population: 2011–2012
1Chandigarh702
2Puducherry521
3Goa476
4Delhi387
31 more rows

Which city has maximum cars in India? ›

Delhi had the highest number of registered vehicles, at over 11 million, across India at the end of fiscal year 2019. India's automotive market was dominated by two-wheelers and passenger vehicles.
...
CharacteristicNumber of vehicles in millions
--
7 more rows
10 Sept 2021

Which 3 countries are the main markets for automobiles? ›

  • China.
  • United States of America.
  • Japan.
  • Germany.
  • India.
  • Mexico.

Who is the largest auto dealer? ›

The Top 125 Used-Car Dealer Groups
RankDealership group nameTotal units
1CarMax Inc.659,242
(804) 747-0422; carmax.com
2AutoNation Inc.†282,190
(954) 769-7000; autonation.com
46 more rows

Who is the biggest auto dealer? ›

Ranked by 2019 new-vehicle retail sales
2019 total new retail vehicles'19 rank
AutoNation Inc.*282,6021
Penske Automotive Group Inc.*#222,8002
Lithia Motors Inc.*180,5323
Group 1 Automotive Inc.*#169,1364
10 more rows
30 Mar 2020

What is the automotive capital of the world? ›

Then came Henry Ford and the automobile: together, they launched Detroit onto a hundred-year trajectory of first astonishing rise and then equally stupendous decline. But Detroit's arc is not a purely American story.

What is a good ROE ratio? ›

What is a good return on equity? While average ratios, as well as those considered “good” and “bad”, can vary substantially from sector to sector, a return on equity ratio of 15% to 20% is usually considered good. At 5%, the ratio would be considered low.

What is a good profit margin? ›

What is a Good Profit Margin? You may be asking yourself, “what is a good profit margin?” A good margin will vary considerably by industry, but as a general rule of thumb, a 10% net profit margin is considered average, a 20% margin is considered high (or “good”), and a 5% margin is low.

What is ROC and ROCE? ›

Return on Capital Employed

ROE considers profits generated on shareholders' equity, but ROCE is the primary measure of how efficiently a company utilizes all available capital to generate additional profits. It can be more closely analyzed with ROE by substituting net income for EBIT in the calculation for ROCE.

What if ROCE is negative? ›

Key Takeaways. Return on equity (ROE) is measured as net income divided by shareholders' equity. When a company incurs a loss, hence no net income, return on equity is negative. A negative ROE is not necessarily bad, mainly when costs are a result of improving the business, such as through restructuring.

What is a high ROCE value? ›

A high ROCE value indicates that a larger chunk of profits can be invested back into the company for the benefit of shareholders. The reinvested capital is employed again at a higher rate of return, which helps produce higher earnings-per-share growth. A high ROCE is, therefore, a sign of a successful growth company.

How ROCE is calculated? ›

ROCE can be calculated by dividing earnings before interest and taxes (EBIT) by capital employed. It can also be calculated by dividing EBIT by the difference between total assets and current liabilities.

Is a high ROE good? ›

Return on equity (ROE) is the measure of a company's net income divided by its shareholders' equity. ROE is a gauge of a corporation's profitability and how efficiently it generates those profits. The higher the ROE, the better a company is at converting its equity financing into profits.

Which industry has the highest ROCE? ›

High ROCE, ROE and decent Growth Companies
S.No.NameROCE 5Yr %
1.Sportking India24.35
2.Kwality Pharma50.06
3.Manali Petrochem39.01
4.NMDC29.23
22 more rows

Is a high ROCE ratio good? ›

The return on capital employed shows how much operating income is generated for each dollar of capital invested. A higher ROCE is always more favorable, as it indicates that more profits are generated per dollar of capital employed.

What is future scope of automobile? ›

The automobile engineer scope is vast, one can work in service stations, automobile manufacturing industries, private companies, state or government transport production plants etc.

What are the new trends in automobile? ›

Trends Shaping The Auto Industry In 2023
  • Increased Production Of Electric Cars With Digital Technology. ...
  • A Rise In Digital Automobile Sales. ...
  • Increased Sales Of Pre-Owned Vehicles. ...
  • More Connected Cars. ...
  • More Innovative Online Marketing Strategies. ...
  • The Emergence Of Fuel Cell Electric Vehicles. ...
  • Shared Mobility.
1 Oct 2022

What is the future of automobile in India? ›

Currently, the automobile industry contributes 7.1% of India's GDP and 49% of its manufacturing GDP. The EV market is expected to grow at CAGR of 49% between 2022-2030 and is expected to hit 10 mn-unit annual sales by 2030. The EV industry will create 50 mn direct and indirect jobs by 2030.

What are the 6 main systems of an automobile? ›

(iii) Other major components include engine, transmission system, front and rear axle, steering system, suspension system, wheels, tyres and brakes.

What are the 10 automotive systems? ›

The major systems of an automobile are the engine, fuel system, exhaust system, cooling system, lubrication system, electrical system, transmission, and the chassis. The chassis includes the wheels and tires, the brakes, the suspension system, and the body.

What are top 5 most common automobile problems? ›

We have highlighted what we think are the more usual issues so you can look out for them in your own car.
  • Normal Wear and Tear. ...
  • A Warning Light Shows. ...
  • The Engine is Sputtering. ...
  • The Steering Wheel is Shaking. ...
  • The Brake Pads are Worn. ...
  • The Brakes are Squeaking/Grinding. ...
  • The Tyres are Flat. ...
  • The Tyres are Wearing Unevenly.

What is the biggest challenge facing the auto industry? ›

Supply chain disruptions

It takes around 15,000 to 25,000 individual parts to create a vehicle. And every single part must come together at the right time. With over 32.7 million cars on UK roads, each one has required meticulous planning, organisation, production engineering, and manufacturing to bring together.

What are 3 negative effects of the automobile? ›

The modern negative consequences of heavy automotive use include the use of non-renewable fuels, a dramatic increase in the rate of accidental death, the disconnection of local community, the decrease of local economy, the rise in obesity and cardiovascular diseases, the emission of air and noise pollution, the ...

Who is the largest automobile manufacturer in India? ›

Maruti Suzuki

What are the top 10 automobile company in India? ›

Top Automobile Companies in India
  • Tata Motors Ltd.
  • Mahindra & Mahindra Ltd.
  • Maruti Suzuki India Ltd.
  • Hero MotoCorp Ltd.
  • Ashok Leyland Ltd.
  • Bajaj Auto Ltd.
  • Eicher Motors Ltd.
  • TVS Motor Company Ltd.
8 Jun 2022

Which company is India's No 1 SUV maker? ›

1 SUV maker.

Which is the No 1 car company in India 2022? ›

While India's largest carmaker, Maruti Suzuki, leads the race, Hyundai Motor India came at a distant second closely followed by Tata Motors. Mahindra and Kia bagged fourth and fifth positions respectively. Maruti Suzuki sold 1,34,166 units in the domestic market in August 2022, registering a 30 per cent YoY growth.

Which was first car factory in India? ›

The correct answer is Hindustan 10. Hindustan Motors manufactured the Hindustan 10 (or the Morris 10) in association with Nuffield of United Kingdom. Ghanshyamdas Birla in 1942 incorporated the first HM plant at Okha, Gujarat.

Which city is the automobile hub of India? ›

Chennai is nicknamed the "Detroit of Asia" due to the presence of major automobile manufacturing units and allied industries around the city.

Which brand is famous for car? ›

In the mass market, Toyota is undoubtedly the most popular car brand in the United States, followed by Honda, Chevrolet, and Ford. Mercedes-Benz is the most popular luxury car brand. Mercedes-Benz is described by fans as Reliable, Well made, Good quality, Expensive and Luxurious.

Who is SUV king in India? ›

The Best Suv cars in India include Mahindra Thar (Rs. 13.59 Lakh), Mahindra XUV700 (Rs. 13.45 Lakh), Maruti Brezza (Rs. 7.99 Lakh), Tata Nexon (Rs.
...
Best 5 Suv Cars In India with Price List in 2022.
ModelPrice in New Delhi
Tata NexonRs. 7.60 - 14.08 Lakh*
Toyota FortunerRs. 32.59 - 50.34 Lakh*
3 more rows

Which is the highest selling car? ›

  1. Maruti Suzuki Alto. Maruti Suzuki's entry-level hatchback has made a return to the top spot with 24,844 units sold in September. ...
  2. Maruti Suzuki WagonR. ...
  3. Maruti Suzuki Baleno. ...
  4. Maruti Suzuki Brezza. ...
  5. Tata Nexon. ...
  6. Hyundai Creta. ...
  7. Maruti Suzuki Eeco. ...
  8. Tata Punch.
6 Oct 2022

Which is the highest selling SUV? ›

The 2022 Maruti Suzuki Brezza recently received its long overdue update offering consumers modern looks and features. In September 2022, the Indian automaker sold 15,445 units of Brezza, making it the best-selling SUV.

Whats the best selling car in India? ›

Among passenger vehicles, Maruti Suzuki, followed by Hyundai, had the largest share of the market in financial year 2021. Maruti Suzuki's best-selling models include the Swift, Dzire, Wagon and the Baleno. Maruti also sold around19 thousand Swift cars in February 2022.

Which is the highest selling car in 2022? ›

Two Maruti cars regain their top positions after several months
ModelsSeptember 2022August 2022
Maruti Dzire9,60111,868
Mahindra Scorpio9,5367,056
Hyundai Grand i10 Nios9,4599,274
Maruti Ertiga9,2999,314
11 more rows
6 Oct 2022

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Name: Dong Thiel

Birthday: 2001-07-14

Address: 2865 Kasha Unions, West Corrinne, AK 05708-1071

Phone: +3512198379449

Job: Design Planner

Hobby: Graffiti, Foreign language learning, Gambling, Metalworking, Rowing, Sculling, Sewing

Introduction: My name is Dong Thiel, I am a brainy, happy, tasty, lively, splendid, talented, cooperative person who loves writing and wants to share my knowledge and understanding with you.