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1. Palio 1.6 - is still the fastest hatchback money can buy
2. OHC - 1.3 & 1.5 both
3. Tata Safari
4. Civic
5. Mitsubishi Lancer

Mahindra scorpio ( for changing the way Indians looked at home grown Suvs)
Ambassador ( most comfortable back seat )
Baleno (superb to drive)
Palio 1.6 absolutely superb to drive

and finally

HONDA City VTEC (old shape) extremely amazing value for money buy

Mine would be the following, excluding the exotic varieties (above 15 lacs) and exclusively based on my driving experience in India.

1. Toyota Corolla
2. Hyundai Verna
3. Hyundai Santro
4. Honda Civic
5. Skoda Octavia RS

Not necessarily in order!

hyundai santro for bringing quality + fun in the cheapest segment
mahindra scorpio for introducing power in this SUV segment, its tough looks and butch appeal
lexus lx 470 for its size
audi Q7 for its presence
bmw 5 series for its looks

My Favorite 5 as of now:

1. Honda Accord
2. Hyundai Santro
3. Honda City
4. Fiat Palio 1.6
5. Suzuki SX4

I thought top 5 Indian Made cars.

Mine goes here

1) Maruti 800
2) Tata Safari
3) Tata Indica
4) MM 540D
5) Maruti Gypsy

My top 5 favourite indian cars are,

1.maruti swift
2.skoda rs turbo
3.ford endeavour
4.new audi a4
5.honda civic

Ambassador for its legendary ride over indian potholes.
Mitsubishi Lancer for the superb driving experience.
Tata Safari - the king of the highways
Mercedes Benz E class - For being the top of mind recall when Indian think luxury cars.
Honda Accord - Again for the top of mind recall. Superb ownership experience.
Maruti 800 - For bringing on a revolution on Indian Roads.

My Top Five Favourite indian cars

1.Maruti 800
2.Maruti Swift
3.HM Mitsubishi lancer
4.Toyota qualis
5.Toyota Corolla

1. Ford Mondeo
2. Maruti Baleno
3. Fiat Palio
4. Mitsubishi Cedia.
5. Audi Q7

And I always thought it was horribly overpriced and that it was a 'heart over mind' decision.

1. Honda Civic
2. Hyundai Verna
3. Fiat Palio
4. Ford Ikon
5. Ford Endeavour

Top 5 Indian cars as for me will be:
*Ford Mondeo
*Mecedes Benz
*Mitsubishi Lancer
*Skoda Octivia
*Honada City

Cheers

BMW 320d
Scorpio
Baleno
civic
octavia rs

1. BMW M3
2. Honda City VTEC (Not the latest one which looks like Honda+Tata Indica's love child, old city powerful beautiful)
3. Zen (Carb)
4. Swift (Oil burner)
5. Mahindra MM 540 (err.. not a car, yes)