India’s automobile industry is the third largest in the world by volume and one of the most dynamic and competitive automotive markets globally. Total vehicle sales in India crossed 5.517 million units in 2025, with the passenger vehicle segment recording its highest-ever annual sales. Maruti Suzuki remains the undisputed market leader with a 39.91 percent passenger vehicle market share in FY2026 and 17,86,226 units sold in CY2025, an 8.80 percent year-on-year increase. The industry is undergoing its most significant transformation in decades with the rapid rise of electric vehicles, SUV dominance, and the entry of aggressive new players. Mahindra reported a 19.8 percent growth in units sold in July 2025 compared to the previous year. Let us have a look at the top 10 automobile companies in India for the year 2026.
1. Maruti Suzuki India Limited
Maruti Suzuki India Limited, established in the year 1982 as a joint venture between the Government of India and Suzuki Motor Corporation of Japan, is India’s largest car manufacturer with a market share of 39.91 percent in FY2026 and 17,86,226 units sold in CY2025, growing 8.80 percent year-on-year. The company operates three manufacturing facilities in Gurugram, Manesar, and the new Kharkhoda plant in Haryana with an annual production capacity of 26 lakh units. Its Q2 FY26 results showed revenue up 13 percent year-on-year with a net profit of Rs 3,349 crore.
Maruti Suzuki serves mass-market car buyers across every Indian state and city with its comprehensive range of hatchbacks, sedans, and SUVs including Wagon-R, Baleno, Dzire, Brezza, Grand Vitara, and Ertiga, and operates India’s largest dealership network covering 760 cities, giving it unmatched sales and after-sales service reach across both urban and rural India.
2. Mahindra and Mahindra Limited
Mahindra and Mahindra, established in the year 1945 and headquartered in Mumbai, is one of India’s most exciting automotive success stories in 2026, achieving a market share of 14.4 percent in passenger vehicles as of July 2025 while selling 49,871 units and recording a 19.8 percent growth versus the previous year. The company has achieved this remarkable growth through its Thar, Scorpio, XUV 700, and newly launched BE electric SUV series. Mahindra operates 11 state-of-the-art manufacturing plants across India and has become synonymous with the booming Indian SUV market.
Mahindra serves SUV enthusiasts, off-road adventure buyers, commercial vehicle operators, and agricultural tractor users across India and international markets with its comprehensive range of utility vehicles, electric SUVs, pickups, and tractors, and has become the most aspirational domestic Indian automotive brand among young urban buyers.
3. Hyundai Motor India Limited
Hyundai Motor India, a subsidiary of the South Korean Hyundai Motor Company which was established in India in the year 1996 and is now publicly listed on Indian stock exchanges, is India’s largest passenger car exporter and the second largest passenger car brand by sales volume with a market share of approximately 14.6 percent. The company manufactures a wide range of cars across hatchbacks, sedans, and SUVs including Creta, Venue, i20, and Verna, and has been expanding its EV portfolio with the Ioniq 5 and Creta Electric. Hyundai was the first company to list an Indian automotive subsidiary on stock exchanges in 2024.
Hyundai India serves feature-conscious and value-seeking car buyers across India with technologically advanced vehicles known for their premium interior quality, rich feature sets, and competitive pricing, and is the most trusted international car brand in India for consumers who want Korean technology and design at reasonable price points.
4. Tata Motors Limited
Tata Motors, established in the year 1945 as part of the Tata Group and headquartered in Mumbai, is India’s third largest passenger vehicle manufacturer and the country’s undisputed leader in the electric vehicle segment with its Nexon EV, Punch EV, Tiago EV, and Tigor EV dominating Indian EV sales. The company sold 63,558 units in January 2026 alone and holds a market share of more than 36.1 percent in the EV segment. Tata Models like the Harrier and Safari have received 5-star Global NCAP safety ratings scoring 33.05 out of 34 for adult protection.
Tata Motors serves car buyers across the entry, mid, and premium segments in India with its range of petrol, diesel, and electric vehicles and is simultaneously the dominant player in India’s commercial vehicle market including trucks, buses, and light commercial vehicles, making it the most broadly present Indian automotive manufacturer.
5. Kia India Private Limited
Kia India, the Indian subsidiary of the South Korean Kia Corporation which entered India in the year 2019, has achieved one of the fastest growth trajectories in Indian automotive history, rapidly establishing itself as one of India’s most desirable premium mainstream car brands. The company’s Seltos, Sonet, and Carens models have been consistently among India’s top-selling SUVs since launch. Kia India’s Anantapur plant in Andhra Pradesh has a production capacity of 3 lakh units annually and the company is rapidly expanding its dealer and service network.
Kia India serves premium mainstream car buyers who want feature-rich, stylishly designed SUVs at competitive prices, and has built a strong brand following among young urban professionals by delivering vehicles with class-leading features, bold design aesthetics, and connected car technology that rivals much more expensive premium brands.
6. Toyota Kirloskar Motor Private Limited
Toyota Kirloskar Motor, established in the year 1997 as a joint venture between Toyota Motor Corporation of Japan and the Kirloskar Group, is one of India’s most trusted and reliability-focused automotive brands. The company’s Innova HyCross, Fortuner, Urban Cruiser Hyryder, and Camry Hybrid have consistently topped their segments for customer satisfaction, resale value, and reliability. Toyota’s strong focus on hybrid technology through its self-charging hybrid system has positioned it as the leader in India’s growing hybrid vehicle segment.
Toyota Kirloskar serves quality-conscious, value-minded car buyers, premium SUV and MPV buyers, and corporate fleet operators across India with vehicles known for exceptional reliability, strong resale value, and Toyota’s globally proven hybrid technology that delivers superior fuel efficiency in Indian driving conditions.
7. Honda Cars India Limited
Honda Cars India, a subsidiary of Honda Motor Company of Japan established in India in the year 1995 and headquartered in Greater Noida, is one of India’s established premium mainstream car brands known for producing technically refined, fuel-efficient vehicles with a strong emphasis on safety and driving dynamics. The company’s City sedan remains one of India’s most popular premium sedans and its Amaze, Elevate SUV, and hybrid models have been growing its sales in the competitive Indian passenger vehicle market.
Honda Cars India serves aspiring and established car buyers seeking a blend of Japanese engineering reliability, fuel efficiency, and safety in a premium mainstream package, and is rebuilding its market position in India through new model launches and an increasing focus on hybrid technology that leverages Honda’s global leadership in electrification.
8. Bajaj Auto Limited
Bajaj Auto, established in the year 1945 and headquartered in Pune, is one of the world’s largest two-wheeler and three-wheeler manufacturers and an iconic name in India’s automotive industry. The company sells motorcycles under the Pulsar, CT, Platina, Avenger, and Dominar brands and three-wheelers for passenger and cargo applications. In 2024, Bajaj launched the Chetak electric scooter as a premium electric two-wheeler, and in partnership with Triumph Motorcycles launched the Speed 400 and Scrambler 400X premium motorcycles that have significantly elevated the Bajaj brand’s aspirational value.
Bajaj Auto serves mass-market motorcycle buyers, rural commuters, commercial three-wheeler operators, and premium motorcycle enthusiasts across India and international markets in Africa, Southeast Asia, and Latin America, and is one of India’s most important automotive exporters by volume.
9. Hero MotoCorp Limited
Hero MotoCorp, established in the year 1984 as Hero Honda Motors and spun off as an independent entity in the year 2011 following the dissolution of the Honda partnership, is the world’s largest two-wheeler manufacturer by annual production volume. The company sells over 7 million units annually, with its Splendor and HF Deluxe models being among the world’s best-selling two-wheelers. Hero MotoCorp has been investing in electric two-wheelers under the Vida brand and in premium motorcycles through its Harley-Davidson distribution partnership.
Hero MotoCorp serves mass-market motorcycle and scooter buyers across India and international markets in Asia, Africa, and Latin America with the widest range of affordable and fuel-efficient two-wheelers, and its Splendor brand is synonymous with reliable, economical commuter transportation for hundreds of millions of Indians.
10. MG Motor India (JSW MG Motor)
MG Motor India, originally a subsidiary of SAIC Motor of China and now operating as a joint venture with the JSW Group following a stake acquisition in 2024, has established itself as one of India’s most technology-forward and feature-rich mainstream automotive brands since its India entry in the year 2019. The company’s Hector, Gloster, Astor, and ZS EV models have consistently offered class-leading features including AI-enabled internet car capabilities, large touchscreens, and advanced driver assistance systems. The JSW Group partnership has strengthened MG Motor India’s strategic positioning in the Indian market.
MG Motor India serves technology-savvy car buyers seeking maximum features, connected car capabilities, and electric vehicle options at accessible price points, and is building a strong brand identity among India’s younger and digitally oriented urban consumer segment who value innovation and technology over traditional automotive brand heritage.
Frequently Asked Questions (FAQs)
Q: Which is the largest automobile company in India in 2026?
A: Maruti Suzuki India is the largest automobile company in India by passenger vehicle sales with a market share of 39.91 percent in FY2026 and 17,86,226 units sold in CY2025 growing 8.80 percent year-on-year. In the two-wheeler segment, Hero MotoCorp is the largest manufacturer as the world’s highest volume two-wheeler producer selling over 7 million units annually.
Q: Which is the best-selling electric vehicle brand in India in 2026?
A: Tata Motors is the undisputed leader in India’s electric passenger vehicle segment with its Nexon EV, Punch EV, Tiago EV, and Tigor EV models collectively commanding over 36 percent of EV sales. Tata’s early mover advantage, wide model range across price points, and expanding fast-charging network have given it a dominant position in India’s growing EV market.
Q: What is the total vehicle market size of India in 2026?
A: Total vehicle sales in India crossed 5.517 million units in 2025, the highest ever, with the passenger vehicle segment contributing approximately 4.3 million units. India is the third largest automobile market in the world by volume. The industry is projected to continue growing at 7 to 9 percent annually driven by rising incomes, easy vehicle financing, and new model launches across segments.
Q: Why are SUVs so dominant in India’s car market in 2026?
A: SUVs now account for over 60 percent of passenger vehicle sales in India, up from less than 20 percent a decade ago. The shift is driven by multiple factors including India’s improving road infrastructure that suits larger vehicles, the desire for higher ground clearance for uneven roads, the perception of status and safety associated with SUVs, the wide range of affordable compact SUVs launched by Maruti, Hyundai, Tata, Mahindra, and Kia, and the availability of SUV body styles across every price segment from Rs 6 lakh to Rs 35 lakh.
Q: Which Indian automobile brands export the most internationally?
A: Hyundai Motor India is India’s largest passenger car exporter, shipping over 1.5 lakh units annually to global markets. Bajaj Auto is the largest two-wheeler exporter. Tata Motors exports both passenger vehicles and commercial vehicles internationally. Maruti Suzuki exports through the Suzuki global network. The Indian government’s PLI scheme for automobile and auto components is supporting further export capacity expansion.
