Top 12 Automobile Franchises in India For a Profitable Business in 2024
The automobile sector in a hugely populated country like India is surely a profitable business. Every person in the country has cars and to repair or maintain them you can be the one to conduct business and help serve those customers.
Further in this article, we will talk about the top 12 Automobile franchises in India in 2023.
Maruti Suzuki
Maruti Suzuki cars are one of the most and top-selling cars in the country. People from different income slabs have at least one Maruti Suzuki car in their life. In 2022, Maruti Suzuki had the leading share in the passenger car market.
It had a captured market size of 46 percent which is more than any other automobile brand in the country. If you have fulfilled all the criteria then you can easily open a Maruti Suzuki dealer or franchise in India.
Now, the total investment required to open a Maruti Suzuki franchise in India ranges between Rs 3.5 crore to Rs 4 crore. Make sure you have all the necessary requirements and most importantly the budget in your bank account.
| Name | Maruti Suzuki |
| Founded Year | 1981 |
| Total Investment | Rs 3.5-4 crore |
Mahindra First Choice
Everyone in the country has surely heard of this amazing and famous automobile brand. Interestingly, this brand is India’s largest multi-brand pre-owned car company which is backed by many groups.
| Name | Mahindra First Choice |
| Founded Year | 1945 |
| Total Investment | Rs 1 crore-6 crore |
Today, this automobile company is expanding rigorously and its products are highly reliable. Indian customers are now running behind reliable products and that is what Mahindra is giving them. The recently launched cars from the company have taken new heights in the Indian automobile sector.
Read More: How To Get A Mahindra Car Dealership?
Tata Motors
Who does not love Tata products? Every Indian is very much aware of the product quality and services of this company. The after-sale value or the resale value, servicing quality, and customer behaviour from Tata are just amazing.
It will be a dream come true for many who are willing to start a Tata Motors automobile franchise or dealer in their area.
Just like Mahindra, the recently launched cars from Tata are just blowing the minds away of the customers. Customers are pouring lots of love and appreciation to the products being manufactured and sold by this company.
| Name | Tata Motors |
| Founded Year | 1945 |
| Total Investment | Rs 10 crores |
Read More: Apply Now! TATA EV Charging Station Franchise, Cost, Profit
Real Motors
Now many will know about this amazing and low-cost automobile franchise in the country. It is India’s most economical multi-brand car workshop chain. Real Motors India is the proud founder of this automobile franchise chain.
This automobile franchise company have 16+ years of experience in the field and has already gained a huge customer base across the country. The aim and motive of this company is to deliver cost-effective car repair services to car owners in the country.
| Name | Real Motors |
| Founded Year | 2004 |
| Total Investment | Rs 16-45 lakhs |
Hyundai Franchise
Hyundai has captured the Indian market since 1996. The brand is known to almost every person in the country. This South Korean brand has manufactured thousands of amazing cars for Asian customers.
Interestingly, they have also entered into the electrical automobile manufacturing line as well. It has gained huge reputation and experience over the years and gives good competition to other companies in the country.
| Name | Hyundai |
| Founded Year | 1996 |
| Total Investment | Rs 70-80 lakhs |
Read More: How to get Hyundai Dealership in 2024?
Force Motors
Force Motors India Limited is an Indian multinational automotive manufacturing company. If you are a consumer of Force then you will know the quality cars and automobiles they manufacture. The company is based in Pune and from 1958 to 2005 this company was known as Bajaj Tempo Motors because previously it was a joint venture with Bachraj Trading Limited.
One of the primary reasons why one must open a Force Motors franchise is because they are committed to cultivating a performance-driven culture that rewards results.
| Name | Force Motors |
| Founded Year | 1958 |
| Total Investment | NA |
Honda
Japanese automobile brands are known for their reliability and quality products. Ever since Honda entered into the Asian market they have produced amazing products for the customers. They understood what the customers wanted and simply delivered it to them.
They only believe in quality and nothing else and that is one of the reasons why they are doing so well in the automobile market in India.
| Name | Honda |
| Founded Year | 1984 |
| Total Investment | Rs 15-20 lakhs |
Kia
We have another South Korean brand in the list and that is Kia. After Kia changed its logo it seems like it was a good change for them.
The company is now manufacturing and selling quality products and services to Indian customers. Kia has now become one of the fastest-growing dealers in the country. People are not only willing to open a Kia dealership but, they are willing to work for the company as well.
| Name | Kia |
| Founded Year | 2019 |
| Total Investment | Rs 40-50 lakhs |
Read More: How to get Kia Dealership in 2023?
Toyota Bharat
When we have spoken about so many multinational brands why not take Toyota Bharat? Everyone must have seen Toyota Fortuner, it is one of the top-selling cars from the company. If you are looking for one of the best overall performance-filled car then the Fortuner is the right one for you.
Additionally, there is news that the air conditioner quality of Toyota models is superb. Additionally, the reliability of their cars are just top-notch. If you happen to open a Toyota dealer or franchise then you will surely be a part of a profitable business.
| Name | Toyota Bharat |
| Founded Year | 1997 |
| Total Investment | Rs 10-15 lakhs |
Renault
The introduction of Renault Duster in the market was one of the best thing that Renault had done earlier. This French company have given the Indian customer a wide range of choice in their fleets. Currently, Renault India is looking for dealer partners.
Candidates from other cities can also apply. If you are interested then make sure to visit the official website of the company for more details.
| Name | Renault |
| Founded Year | 2005 |
| Total Investment | Rs 5-10 crore |
Volkswagen
German-manufacturing brands are just on different levels. Their understanding of cars and the customers are very different as compared to other companies in the world. Volkswagen has been in the Indian market for quite a long time and they have no intention of leaving the market.
The company have introduced so many amazing cars and they are just awesome. The dealership cost of the company might be high but, they offer good profit in return.
| Name | Volkswagen |
| Founded Year | 2007 |
| Total Investment | NA |
MG Motors
The last on our list is none other than MG Motors. It is a British brand but currently, a Chinese brand is the owner of this company. SAIC is the company that bought MG Motors and entered the Indian market. The first car from the brand was launched in 2019 and it gave a different experience to the customers.
| Name | MG Motors |
| Founded Year | 2017 |
| Total Investment | Rs 50 lakhs-1 crore |