In the last few years, the Indian car market has seen strong growth, especially due to rising demand for SUVs. This period has been good for many car companies. Maruti Suzuki continues to sell the highest number of cars, and stays at the top every year, but its market share has fallen noticeably in recent years. The main reason behind this decline is the huge demand for SUVs from companies like Mahindra & Mahindra and Tata Motors. Hyundai Motor India has also seen a drop in its market share. Meanwhile, Mahindra and Tata have gained strong growth because of better sales performance. let’s take a look at how the top five car companies in India have performed in terms of market share over the last five years.
Indian Automobile Sector in last five years
Last year proved to be very positive for the Indian automobile sector, with car companies recording strong growth in sales, However, Maruti Suzuki’s market share declined during this period. In 2021, Maruti Suzuki India Limited held a 47.8 percent share of the total car market. By the end of 2025, this figure dropped to 39.91 percent. The main reason behind this fall has been the decline in sales of Maruti’s small cars over the past few years, which directly impacted its overall market share. Despite this, Maruti Suzuki has strengthened its presence in the SUV segment and continues to focus on expanding its product range in this growing category.
Mahindra & Mahindra has created a strong impact in the Indian SUV market over the last few years. In 2021, Mahindra was the fourth-largest car company in India with a market share of just 5.75 percent. However, by the end of 2025, the company climbed to the second position in the market. Its market share increased sharply to 13.5 percent, making it the second biggest carmaker after Maruti Suzuki. This impressive growth has been driven mainly by the huge popularity of Mahindra’s SUVs. Models from the brand continue to receive strong demand across the country, helping the company strengthen its position in the competitive Indian automobile market.
Over the last five years Tata Motors has recorded a market share growth of more than 4 percent. In 2021, the company was the third-largest carmaker after Maruti and Hyundai with an 8.2 percent share. By the end of 2025, its market share rose to 12.68 percent. Strong sales of hatchbacks and compact SUVs like Tiago, Punch and Nexon played a key role in this growth.
