Tightening grip: Top six brands sold 92% cars

The Indian car market saw an increased consolidation in FY24, with the top six brands accounting for 92.6 per cent of domestic sales, while the bottom six could manage to garner a mere 2.9 per cent of the $4.2 million market.

The increase in market share was led by Mahindra & Mahindra, Toyota and Maruti Suzuki.

of Based on data from the Society Indian Automobile Manufacturers, in FY23 the share of the top six was 90.2 per cent, while the bottom six cornered 3.76 per cent of a $3.8 million market.

The top six auto brands are: Maruti Suzuki, Hyundai, Tata Motors, Toyota, Kia and Mahindra & Mahindra. The bottom six are: Volkswagen India, Skoda, Nissan, Izusu, PCA Automobiles India (part of Stellantis, which holds the Citroen brand) and FCA (Fiat Chrysler Automobiles).

The impact of the consolidation is evident from the fact that as many as one- fourth of the car companies could not garner even 1 per cent of the market share.