Automobile Industry in India

The Indian automobile industry has become the 9th largest in the world with an annual production of over 2.3 million units in 2008. Following economic liberalization, the industry has shown impressive growth with many global players entering the market.

Key Automobile Manufacturers in India

Maruti Suzuki
Hyundai Motor India
Tata Motors
Mahindra & Mahindra
Kia India
Toyota Kirloskar
Honda Cars India
MG Motor India

Domestic Market Share (2023-2024)

Category	Market Share
Passenger Vehicles	45.50%
Commercial Vehicles	25.30%
Two Wheelers	75.20%
Three Wheelers	12.80%
Electric Vehicles	3.20%
Luxury Vehicles	2.50%
SUVs	35.80%
Compact Cars	28.90%

Indian Automobile Export Market

India has emerged as Asia's fourth largest exporter of automobiles, behind Japan, South Korea, and Thailand. The Indian automobile exports registered significant growth in recent years.

2018: 14.50% growth
2019: 8.30% growth
2020: -5.20% growth
2021: 22.80% growth
2022: 18.60% growth
2023: 25.40% growth
2024: 31.20% growth