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HomeFeatured ArticlesGoMechanic Fun ReadsTop Selling Car Brands In India 2022 | Annual Car Sales Report

Top Selling Car Brands In India 2022 | Annual Car Sales Report

What’s a good car brand in India?

There is no one best car brand in India; rather, it boils down to which model or brand appeals to the most potential customers at the time of car sales in 2022. The type of customer you are selling to will have a big influence on your choice of car brands and models, as well. Some people buy a particular model for comfort, safety, driving experience or convenience, and others opt for sportier cars that deliver speed and performance.

Maruti Suzuki has some cult status among young urbanites who appreciate its affordable and practical car models, such as Swift Dzire. Other economic indicators are related to second-hand car sales.

For example, having more than a 3% share compared with its closest competitor (in terms of total sales) is considered good by many investors who believe that “good brands sell more than any other factor”. Still, others prefer luxury cars with sophisticated interiors, while some people look towards SUVs because they can carry luggage and passengers comfortably.

Which car brands do Millennials gravitate towards?

Millennials are Prime customers when it comes to purchasing new cars over the next 5 years since nearly half (46%) say they intend to buy a new vehicle during this period—a figure that exceeds the number planning on upgrading from their current vehicle (38%). They also have higher income levels than previous generations; hence they can consume more products than older consumers.

Their preference for luxury vehicles stems from past experiences with parents who preferred high-end vehicles when they were growing up—though now almost twice as many parents consider value vehicles like the Hyundai i20 better options for their children’s future mobility needs, especially if they are planning to buy a new vehicle for their children. The younger generation is also more likely to purchase a vehicle with eco-friendly features like hybrid engines, turbochargers, and automatic transmission; they are also more inclined towards owning luxury SUVs, MPV, and compact sedans.

Maruti Suzuki is one of the oldest car manufacturers in India. And it is on Top of the list by selling 15,76,025 vehicles.

Maruti Suzuki is one of the oldest car manufacturers in India. And it is on the Top of the list by selling 15,76,025 vehicles in 2022. This company was founded in 1981 with a single model – Alto 800. Maruti Suzuki sold 15,76,025 vehicles in India.

Up by 15 per cent over 13,64,791 units sold in CY 2021, it is on the Top of the list by selling 15,76,025 vehicles. Market share, however, dipped to 41.68 percent from 44.79 percent in 2021.

In 2022, Hyundai became the second-largest car manufacturer in India.

No Car Sales CY2022 CY2021 Diff Growth%

YoY

1 Maruti 15,76,025 13,64,787 2,11,238 15.48
2 Hyundai 5,552,511 5,05,033 47,478 9.40
3 Tata 5,26,798 3,31,181 1,95,617 59.07
4 Mahindra 3,35,088 2,01,693 1,33,395 66.14
5 Kia 2,54,556 1,81,583 72,973 40.19
6 Toyota 1,60,357 1,30,748 29,609 22.65
7 Honda 95,022 89,133 5,889 6.61
8 Renault 81,042 95,878 -14,836 -15.47
9 Skoda 53,721 23,858 29,863 125.17
10 MG 48,063 40,273 7,790 19.34
11 VW 42,481 26,930 15,551 57.75
12 Nissan 35,107 36,173 -1,066 -2.95
13 Jeep 13,263 11,652 1,611 13.83
14 Citroen 6,134 624 5,510 883.01
15 Force 830 122 708 580.33
16 Isuzu 677 501 176 35.13
TOTAL 37,81,675 30,40,169 741,506 24.39

In 2022, Hyundai became the second-largest car manufacturer in India. The South Korean brand sold 5,52,511 passenger vehicles in India during CY 2022. Hyundai became a leading player in the Indian market by posting a growth of 9 per cent from 5,05,533 units sold in CY 2021 and becoming only second after Maruti Suzuki.

Hyundai Motor Company is a South Korean car manufacturer that was founded on 29 December 1967 by Chung Ju Yung and his son Chung Mong Koo as an offshoot from their company Daewoo Motor Manufacturing Company Ltd., which had been established two years earlier after being bought out by him while he was still working at Samsung Overseas Operations Company Ltd.

Its headquarters are located in Seoul, with production facilities located around Asia, including Thailand, where it had invested heavily since 2010, when it opened up there’s first manufacturing plant outside its home country.

In 2022, Tata Motors sold 5,26,798 passenger vehicles.

Tata Motors is a major car manufacturer in India. It has been manufacturing cars since 1948 and has sales of 526,798 passenger vehicles in 2022, which included sedans, SUVs, and Hatchbacks. In 2022 Tata Motors sold 526,798 passenger vehicles, including sedans, SUVs, and Hatchbacks. This represents an annual growth rate of 59 per cent over the previous year’s sales figures. The company also sold 31% more trucks (1,01,933), and buses/vans in CY 2022 as compared to CY 2021

Mahindra has made a strong presence in compact passenger vehicles.

Mahindra has a strong presence in the compact passenger vehicle segment. In CY 2022, it sold 3,35,088 units as compared to 2,03,390 units sold in CY 2021. This was driven by its strong lineup of SUVs, including the XUV700, Scorpio N and Scorpio Classic (all new), XUV300, and Thar.

More than 3.8 million cars will be sold in 2022.

More than 3.34 million cars will be sold in 2022, compared to 2.84 million cars sold in 2021 and 2.39 million in 2020. The list of top-selling car brands has changed very little since we started tracking it two years ago: Maruti Suzuki is still number one (with a market share of 41.68%), followed by Hyundai Motors, with a market share of 14.61%. Other major players include Tata Motors (3rd place), with 13.93% market share and Mahindra (4th place) 8.86% market share.

Our Take: Car Sales 2022

The Indian car market is very dynamic and growing rapidly. We can see from these numbers that the total number of cars sold in 2022 is more than 3.8 million cars.

The top-selling car brands are expected to remain unchanged: Maruti Suzuki will still be number one (with a market share of 41.68%), followed by Hyundai Motors, with a market share of 14%. Other major players include Tata Motors (3rd place) with 13.93% market share and Mahindra (4th place) with 8.86% market share.

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