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India is the fourth-largest car market in Asia. During financial year 2005-06, Indian passenger car segment grew at 19% with the sale of 1.3 million passenger vehicles.
Passenger cars come in great variety, starting from 2-seater electric car REVA to 5-seater compact cars like Zen, Santro, Indica, etc. They come in all ranges- economical and luxurious. Tata Motors, Maruti Udyog Limited, Mahindra & Mahindra, etc are the leading Indian manufacturers in passenger cars segment, whereas many foreign players such as Hyundai, Honda, Fiat, Ford, Toyota, etc are also serving the segment.
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