How India buys cars and SUVs
4 listed companies sold ₹390,173 crore of cars and SUVs in FY26, up 17.7% on FY25. Maruti Suzuki India Ltd sold the most, 37.6% of it. Hyundai Motor India Ltd earned the most on each rupee of sales: 10.4%.
The brands, and who owns them
Alto-K10, Arena, Brezza, Celerio and others are Maruti Suzuki India Ltd's; BE 6, New Bolero Neo, Scorpio, Scorpio N and others are Mahindra & Mahindra Ltd's; Creta, Santro, Venue, Ioniq 5 are Hyundai Motor India Ltd's; Defender, Jaguar, Jaguar Land Rover, Defender OCTA and others are Tata Motors Passenger Vehicles Ltd's. Brands are read from each company's filings and checked against a public source.
Who sells the most
Maruti Suzuki India Ltd had 37.6% of the listed companies' sales of cars and SUVs here, 1.3 times as much as Mahindra & Mahindra Ltd, the next largest. The two together sold 67%; the other 2 the rest.
How the sales have grown, and who sold them
The listed companies here sold ₹3.90 lakh Cr of cars and SUVs in FY26. Counting only the companies with figures in both years, sales went from ₹41,405 Cr in FY21 to ₹70,763 Cr, 1.7 times as much. The biggest rise was in FY23 (+28%) and the weakest year FY25 (+1%). Over three years Maruti Suzuki India Ltd grew fastest, +13.2% a year. Some companies are counted only from a later year (Maruti Suzuki India Ltd from FY23; Mahindra & Mahindra Ltd from FY25; Tata Motors Passenger Vehicles Ltd from FY25).
Who earns the most on each rupee
Operating profit before interest and tax, as a share of sales of cars and SUVs. Mahindra & Mahindra Ltd earned 9.1% on its sales in FY26, against 8.8% in FY25. Hyundai Motor India Ltd earned 10.4% on its sales in FY26, against 6.1% in FY21; its best year was FY24 at 11.5%. Tata Motors Passenger Vehicles Ltd earned 1.4% on its sales in FY26, against 1.0% in FY25.
The companies, and their brands
| Company and brands | Sales FY26 | Growth 1 yr | 3 yrs | 5 yrs | Margin | Profit share | Return on assets | P/E | ROE | Share price 1 yr |
|---|---|---|---|---|---|---|---|---|---|---|
| Maruti Suzuki India Ltd Alto-K10, Arena, Brezza, Celerio, Dzire, Eeco, Grand Vitara, NEXA, S-Presso, Swift, WagonR, e-VITARA Sells in 36 states and 120 countries; exports 19.38% of turnover |
₹146,576 Cr estimate |
+16.6% | +13.2% | — | — | — | — | 24.7 | 14.5% | -30.9% |
| Mahindra & Mahindra Ltd BE 6, New Bolero Neo, Scorpio, Scorpio N, Thar, Thar ROXX, XEV 9e, XEV 9S, XUV 3OO, XUV 3XO, XUV4OO, XUV700 |
₹114,681 Cr | +29.7% | — | — | 9.1% | 56.0% | 19.0% | 17.3 | 23.0% | -17.2% |
| Hyundai Motor India Ltd Creta, Santro, Venue, Ioniq 5 Sells in 33 states and 61 countries; exports 21.66% of turnover |
₹70,763 Cr | +2.3% | +4.8% | +11.3% | 10.4% | 39.6% | — | 32.2 | 30.3% | -18.5% |
| Tata Motors Passenger Vehicles Ltd Defender, Jaguar, Jaguar Land Rover, Defender OCTA, OCTA Sells in 36 states and 5 countries; exports 7.0% of turnover |
₹58,153 Cr | +20.7% | — | — | 1.4% | 4.4% | 3.0% | -126.8 | 302.8% | -27.7% |
See every one of these companies in Valarth
Questions people ask
Which listed companies sell cars and SUVs in India?
4 listed companies report their sales of cars and SUVs: Maruti Suzuki India Ltd (MARUTI), Mahindra & Mahindra Ltd (M&M), Hyundai Motor India Ltd (HYUNDAI), Tata Motors Passenger Vehicles Ltd (TMPV).
Which listed company sells the most cars and SUVs in India?
Maruti Suzuki India Ltd, with sales of cars and SUVs of ₹146,576 crore in FY26: 37.6% of the listed companies' total here.
How big is the listed market for cars and SUVs?
The listed companies here sold ₹390,173 crore of cars and SUVs in FY26, up 17.7% on FY25. Private makers are not included.
Which listed company makes the most profit on cars and SUVs?
Hyundai Motor India Ltd: its operating profit was 10.4% of its sales of cars and SUVs in FY26.
Who owns Alto-K10?
Alto-K10 is a brand of Maruti Suzuki India Ltd, listed on the NSE as MARUTI.
Who owns Arena?
Arena is a brand of Maruti Suzuki India Ltd, listed on the NSE as MARUTI.
Who owns BE 6?
BE 6 is a brand of Mahindra & Mahindra Ltd, listed on the NSE as M&M.
Who owns New Bolero Neo?
New Bolero Neo is a brand of Mahindra & Mahindra Ltd, listed on the NSE as M&M.
Who owns Creta?
Creta is a brand of Hyundai Motor India Ltd, listed on the NSE as HYUNDAI.
Who owns Santro?
Santro is a brand of Hyundai Motor India Ltd, listed on the NSE as HYUNDAI.
Who owns Defender?
Defender is a brand of Tata Motors Passenger Vehicles Ltd, listed on the NSE as TMPV.
Who owns Jaguar?
Jaguar is a brand of Tata Motors Passenger Vehicles Ltd, listed on the NSE as TMPV.