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According to figures released by the Society of Indian Automobile Manufacturers for the 2011-2012 financial year, car sales crossed 20 lakh (2 million) units for the first time ever.
India logged 2.19 per cent growth in car sales, which, however, is the slowest since FY09.
SIAM said it expected 10-12 per cent growth in 2012-2013.
High interest rates, and rising fuel prices had an adverse effect on India's automobile sector.
So which automaker holds the maximum market share? And how many cars did it sell in the past 12 months?
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Maruti
Though Maruti's labour woes at the Manesar plant hit its sales, It still remains the number one car maker in India in terms of both market sahre and the number of cars sold.
Market share: 40%
Total cars sold in 2011-12: 10,06,316.
Popular cars: Alto, Swift, Swift Dzire, Wagon R, Ritz, Omni, Eeco, Sx4, Estilo, Grand Vitara, Kizashi, and of course the all new Ertiga.
Data source: Team-BHP.com
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Hyundai
Market share: 13.88%
Total cars sold in 2011-12: 388,779.
Popular cars: EON, Santro Xing, i10, i20, Accent, Fluidic Verna, the all new Sonata, and Santa Fe.
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Tata Motors
Market share: 13.12%
Total cars sold in 2011-12: 313,385.
Popular cars: Indica Vista, Indigo Manza, Indigo eCS, Indica eV2, Indica eXeta, and Indigo XL.
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Mahindra & Mahindra
Market share: 7.89%
Total cars sold in 2011-12: 210,700.
Popular cars: Bolero, Scorpio, Thar, Verito, Xylo, and XUV 500.
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Toyota
Market share: 6.46%
Total cars sold in 2011-12: 141,980.
Popular cars: Innova, Etios, Etios Liva, Corolla Altis, Fortuner, Camry, Prius, Prado, and Land Cruiser.
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Honda
Market share: 3.91%
Total cars sold in 2011-12: 54,427.
Popular cars: City, Accord, Brio, Jazz, Civic, and CRV.
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Chevrolet
Market share: 3.75%
Total cars sold in 2011-12: 110,048.
Popular cars: Spark, Beta, Tavera, Aveo, Captiva, and Cruze.
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Ford
Market share: 3.20%
Total cars sold in 2011-12: 92,748.
Popular cars: Fiesta, Classic, Figo, and Endeavour.
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Volkswagen
Market share: 2.95%
Total cars sold in 2011-12: 78,261.
Popular cars: Polo, Vento, Jetta, Beetle, Passat, Phaeton, and Touareg.
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Nissan
Market share: 2.08%
Total cars sold in 2011-12: 33,277.
Popular cars: Micra, Sunny, Teana, and X-Trail.
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Skoda
Marketshare: 1.71%
Total cars sold in 2011-12: 34,089.
Popular cars: Rapid, Fabia, Laura, Superb, and Yeti.
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Fiat
Market share: 0.50%
Total cars sold in 2011-12: 16,037.
Popular cars: Linea and Punto.
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Renault
Market share: 0.50%
Total cars sold in 2011-12: 3,969.
Popular cars: Fluence, Koleos, Pulse, and Duster.
Note: Sales figures from June 11 to March 12, only.
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HM-Mitsubishi
Market share: 0.18%
Total cars sold in 2011-12: 4,143.
Popular cars: Cedia, Lancer, Pajero, Outlander, and Montero.
Note: Sales figures for September 11 is not available.