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"This December, our customers can drive home a Tata Car at a down payment of Rs 1 through our attractive finance offers. "They will also enjoy savings on our cars through our insurance scheme at Rs 1 and exchange bonus,” said.

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SEE ALSO: US Auto Sales Hit All-Time High in 2015 Rounding out the top five best selling cars last year are the Honda Civic and Nissan Altima, selling 335,384 and 333,398 units respectively. The Chevrolet Cruze comes in as the eighth.

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This result strongly supports our thesis that the corporate car segment will switch to electric fairly quickly," UBS says. A financial company. On the flip side, a best-case scenario for electric cars would see incentives for buying EVs,

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