If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
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    Car Dealers in India

    India is one of the biggest automobile markets in the world which has attracted global investments on a large scale. The industry alone contributes more than 7% towards the nation’s GDP. In its initial phase of development, a major role was played by Indian companies which started out with small investments and technology linkups with international players. But today, the country has become a preferred destination for automobile manufacturing and many of the prominent market players have increased their investments in Indian auto business.

    Car Sales in India

    In the passenger vehicle segment, sales grew by 7.24% in the fiscal year 2016; the highest percentage sales were recorded in the passenger car and utility vehicle categories. With digital transformation impacting every industry on a global scale, these numbers and expected to escalate further in the coming years. Studies suggest that more than 5% of the total cars produced in the country will be purchased online by the year 2022.

    From high-end luxury sedans to mid-sized and economical cars, the Indian automobile market has a lot to offer to the car lovers. There are around 5000 car dealership showrooms in India spread in across more than 800 cities. With online car portals and dealership locators, finding a brand and a model that suits your requirements is not a difficult task anymore. The total car production in the country went to 269,371 units in March 2017 which clearly shows the increased demand for four wheelers. The below table shows the sales figures of the leading automobile brands in India, for the year 2016.

    Automaker Number of units sold
    Maruti Suzuki 14,44,541
    Hyundai Motor Company 5,09,707
    Mahindra & Mahindra 2,36,130
    Honda Cars India 1,56,707
    Tata Motors 1,53,151
    General Motors India 32,540
    Nissan India 57,315
    Ford India 92,414
    Toyota 1,42,500
    Renault India 1,35,123
    Volkswagen 60,500

    Online Customer Experience and Sales

    Today, most automobile companies provide an online portal to view the specification, price, and other important details of their vehicle models. While this can be considered as a benefit to customers, it also poses a certain level of challenge to the automakers. With comparison portals listing out car models and elaborating each and every feature in detail, the average showroom visits before purchasing a vehicle has gone down significantly. Now most customers visit a showroom just for the purpose of finalizing their car deal. Today, an average customer visits at least 5 to 10 websites to read reviews and get a clear idea of vehicle performance before purchase. In short, dealership outlets are limited to providing product experience as most of the information would be available with the customer beforehand.

    Achievements and Developments in the Car Industry

    • Most of the major automobile manufacturers in the country are launching electric cars to support the nation’s mission in achieving eco friendly system of transportation.
    • Carmakers are also in the process of developing self-driven cars. The project is already well underway in many of the manufacturing facilities in the country.
    • Suzuki Motor Corporation is setting up its second assembly facility in India at Mehsana, Gujarat.
    • JustRide, an aggregator firm in the self-drive car rental space has received massive funding from a group of investment companies. This will help the firm to expand its operations and to give a facelift to their car sharing platform JustConnect and Yabber.
    • Cummins, an engine and generator manufacturer is planning to strengthen its export activities in the country by capitalizing on component manufacture.
    • Chinese automaker, SAIC Motors is expected to set up around three manufacturing plants in India.
    • Ford Motors in likely to invest around US$ 200 million to enhance its product development activities in the country.
    • General Motors to plough in US$ 1 million to ramp up its production activities within the country.
    • Kia Motors Corp, a leading South Korean automobile company, is all set to establish its first manufacturing plant in India. The company is expected to invest more than US$ 1 billion for its debut venture.

    Leading Dealership Outlets in India

    There are thousands of dealerships outlets of all major leading brands across the country. A few popular ones are listed below:

    • TVS Motors
    • Bimal Auto Agency India Pvt. Ltd.
    • Popular Motor Corporation
    • Kalyani Motors
    • Brigade Cars
    • Galaxy Motors
    • Solitaire Honda
    • Excel Cars
    • Chennai Motors
    • TSM Cars
    • Courtesy Honda
    • Fortune Wheels
    • One Auto Pvt. Ltd.

    Car Loan Reviews

    • SBI Car Loan
      "SBI provides loan with lower interest"
      0.5 4.0/5 "Great!"
      I have purchased a Maruti WagonR car by using the SBI car loan. They have provided me a loan within 2 days. They have collected the all the documents and the next day they have given a cheque directly to the dealer and i have got the car on the same day. They have given me a interest rate of 11.5% which is less compared to other bank. I have selected the tenure period of 3 years and i have pre-closed in 1.5 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 20, 2019
    • HDFC Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      My car loan was taken with HDFC bank,they have given me sufficient loan amount,it is enough for me,and i applied this card through showroom ,the bank executive came to my place and took the documents and in net banking i applied i got loan soon, the rate of interest they have charged me up to 10.5% it is nominal,they have not charged me processing fee,it is zero processing fee,still this loan is running.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 20, 2019
    • HDFC Bank Car Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My car loan experience with HDFC has been good and the loan amount which they had provided has been sufficient. Overall their has been a help from their customer support as well. The loan amount is 1170000 and it is good enough . The interest rate with them has been nominal and the tenure period is 5 year .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 20, 2019
    • Federal Bank Car Loan
      "Very good experience"
      0.5 4.0/5 "Great!"
      I have got my card loan through FEDERAL BANK . While getting the loan the process is very easy and the documentation part is also very easy . The tenure period is sufficient and the rate of interest and processing fee is very nominal . The loan amount is very satisfactory .
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 19, 2019
    • HDFC Bank Car Loan
      "Good Car Loan services"
      0.5 5.0/5 "Blown Away!"
      I have applied the car loan through online. When i chose the car loan, i have selected the HDFC bank because of the services. They have sanctioned the loan on time. I got the loan amount of Rs. 5 lakhs with the tenure period of the 3 years. They were offering me a pre-closure and partial payment with some charges.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 19, 2019
    • Axis Bank Car Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      I have closed AXIS car loan, the paper work was smooth at the time. I paid the all the emi and closed it. Finally I got the NOC letter from the bank. They responded well at the time of taking loan however I approached the bank through the dealer. Interest was almost same as other bank for my first car it was Hyundai I10.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Jan 19, 2019
    • Axis Bank Car Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      For my Mahindra verito car, AXIS bank sanctioned the loan which I was required for the purchased and they gave me the flexible emi as per my preference. I got the NOC letter from the bank for the car loan. I have taken two car loans from the same bank.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Jan 19, 2019
    • HDFC Bank Car Loan
      "Hassle Free Experience"
      0.5 4.0/5 "Great!"
      I am fine with the documentation process of HDFC car loan, they done everything on time. They are providing good interest in the market. I took the loan amount around Rs. 5.5 lakhs and they approved upto 90% of loan and I got the car delivery on time.
      Was this review helpful? 0
      , lucknow
      Reviewed on Jan 19, 2019
    • Union Bank of India Car Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have taken a car loan in Union Bank of India before 2 years. The rate of interest is minimum which is 9.9%. I have purchased Grand i10 car and have paid some down payment. I think they took bit longer to process the loan. The customer service is good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 19, 2019
    • Bank of Baroda Car Loan
      "Normal Loan"
      0.5 3.0/5 "Satisfactory"
      They have approved the loan immediately from Bank of Baroda hence i have chosen them. I got the car loan in last year August. I have applied the loan amount of Rs. 8 lakhs and they have approved the same. They have charged me a processing fee of Rs. 1800 and the interest rate is nominal.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jan 19, 2019
    • HDFC Bank Car Loan
      "Good car loan in the market"
      0.5 5.0/5 "Blown Away!"
      At the time of my purchase, i have taken a car loan with HDFC and i was not care about the interest since i don't have any idea about it. The loan got approved immediately. The documentation process was easy and smooth. Total tenure period the loan 36 months. I have not spoke with the customer care service so far.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 19, 2019
    • Bank of Baroda Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience with them has been quite good with this loan where the loan amount has been sufficient. The interest rate which they offered has been nominal when compared with the market rate and there has not been any extra charges which they had made so far. Their customer support team had also been supportive as well.
      Was this review helpful? 3
      , navi mumbai
      Reviewed on Jan 18, 2019
    • HDFC Bank Car Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      Before three years I purchased second vehicle that is Hyundai I 10 , the documentation process was good with HDFC. The dealer coordinated with the bank, hence the process was quick. I got multiple options but I chosen HDFC, the Interest rate is better because I am an existing customer.
      Was this review helpful? 1
      , delhi
      Reviewed on Jan 18, 2019
    • HDFC Bank Car Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I was taken car loan from HDFC, first time I purchased SANTRO car, the documentation was very convenient. They gave me the door step service I went to the dealer and they done the process, and on time I got the car deliver. They gave me the flexible emi option.
      Was this review helpful? 1
      , delhi
      Reviewed on Jan 18, 2019
    • SBI Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been quite a good experience i had with this car loan and the loan amount which they had provided has been sufficient as well. The interest rate with them was around 9.25% which was nominal when compared with the market rate. The charges which they had made has been nominal as well, and even their customer support has been responsive as well.
      Was this review helpful? 3
      , bhubaneshwar
      Reviewed on Jan 17, 2019
    • SBI Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been taken my car loan with State bank of India, they have given me sufficient loan amount, and i am satisfied with the loan amount , and the rate of interest they have charged me up to 9.45% which is bit high compare to other bank,i have asked for 9 % but its okay, and the processing fee they have charged me was nominal,overall service is good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 17, 2019
    • Kotak Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been taken my car loan with Kotak mahindra bank recently ,like 2 months before i took this loan, and i am happy with the loan amount they have given me ,it was sufficient for me, and the rate of interest they have charged me up to 9.3% which was nominal for me and the processing fee they have charged me was nominal, the loan amount process went smoothly. the overall service rendered by them was really good.
      Was this review helpful? 1
      , chennai
      Reviewed on Jan 17, 2019
    • Central Bank of India Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It was a good experience i had with this loan and the loan amount which they had provided has been sufficient. The interest rate with them is quite nominal when compared with the market rate. There has not been any sort of additional charges which they had made so far.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 13, 2019
    • SBI Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I took my car loan in State Bank of India by last year. The charges are normal. I have spend down payment nearly 1L out of 7L. The branch is near to my residence so will never contact the customer service. The process was immediate and it was completed within 2 days.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jan 12, 2019
    • HDFC Bank Car Loan
      "Its Excellent"
      0.5 4.5/5 "Excellent!"
      HDFC gave me the door step service for the car loan. I took the loan before three years. It was the fantastic experience for me because I got the better interest, I took the loan for 5 years but I done the foreclose in three years , there was no charges for it.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Jan 11, 2019
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