The automobile industry in India has a market capitalization of $118 Billion and it is expected to reach $300 billion by 2026. India will become 3rd largest automobile market by 2026.
Currently, the automobile sector shares 7.1% of India’s GDP. It generated 35 million employment.
Here is a list of the top 10 automobile companies in India. India is the world’s largest tractor manufacturer and second-largest bus manufacturer. India is also the largest two-wheeler and three-wheeler manufacturer in the world.
India is the third-largest heavy truck and fourth-largest car manufacturer in the world.
Top 10 Automobile Companies In India
1. Maruti Suzuki
Maruti Suzuki is the largest automobile company in India. It has a market share of 74% in the passenger car market in India.
The company was founded in 1981 by the Government of India. GOI sold its stake to Suzuki Motor Corporation in 2003. The company was formerly known as Maruti Udyog Limited.
The company manufactures Automobiles, Commercial vehicles, Automotive parts, Pick up trucks, and SUVs.
The company has four manufacturing units in India. 3 fully integrated manufacturing units at Palam Gurugram and 1 at Manesar Industrial town Gurugram.
Maruti Suzuki cars manufactures at:
|Palam, Gurugram||Alto 800, WagonR, Ertiga, XL6, S-Cross, Vitara Breezza, Ignis, and Eeco.|
|Manesar, Gurugram||Alto, Swift, Ciaz, Baleno,and Celerio.|
2. Tata Motors
Tata Motors is the biggest automobile company in India. The company is a part of the Tata Group. It is a leading automobile manufacturer in India.
Tata Group was founded by Jamsetji Tata In 1868. Tata Motors was founded By JRD Tata in 1945. Headquartered in Mumbai.
The Chairman of Tata Motors is Natarajan Chandrasekaran.
Tata motors are also the owner of Jaguar and Land Rover.
Tata Car models:
- Cars:- Tiago, Altroz, Tigor
- SUVs:- Safari, Harrier, Nexon
Tata motors manufacturers:
- Passenger Car
- Sports utility vehicles
- Military vehicles
- Construction equipment
Auto manufacturing and assembly plants in :
3. Bajaj Auto
Bajaj Auto Ltd. is the 2nd largest automobile company in India. The company is also the largest exporter of two and three-wheeler automobiles in India.
The company has two subsidiaries namely
- Bajaj Auto International Holdings BV
- Bajaj Auto (Thailand)Ltd.
The company was founded on 29th November 1945. Bajaj Auto started selling imported two- and three-wheelers in India in 1948.
In 1959 Bajaj Auto got a license from the Government of India to manufacture two- and three-wheeler vehicles in India.
The chairman of the company is Rahul Bajaj.
Bajaj Auto manufacturing plants located at:
- Mumbai-Pune Road, Akurdi, Pune 411 035 (Maharashtra)
- Bajaj Nagar, Waluj, Aurangabad 431 136 (Maharashtra)
- MIDC, Plot No. A1, Mahalunge Village, Chakan 410 501 Dist. Pune (Maharashtra)
- Plot No. 2, Sector-10, IIE Pantnagar, Udham Singh Nagar 263 531 (Uttarakhand)
4. Mahindra & Mahindra Ltd
Mahindra and Mahindra is a leading automobile manufacturer in India. The company was founded in 1945. The company headquarters is in Mumbai, Maharashtra.
The two most famous SUVs of M&M are SCORPIO and BOLERO.
The Chairman of the company is Anand Mahindra. The company is a part of the Mahindra group.
The company has 42,87 employees working with them.
Mahindra and Mahindra manufacture Vehicle Models:
|SUVs||XUV700, Thar, XUV300, AlturasG4, XUV500, SCorpio, Bolero, Marazzo,, KUV100NXT|
|Pick-Ups||Bolero Pik-Up, Bolero Maxitruck Plus, Bolero Camper.|
|Small commercial Vehicle||Treo Zor, Alfa Load, Alfa Passenger, Jeeto, Supro Cargo Van, Supro Maxi Truck, Supro Mini Truck, Supro Van.|
|Electric||Treo Zor, E-Verito, E-Alfa, Treo, Treo Yarri.|
|Truck||Blazo Haulage, Blazo TIpper, Blazo Tractor Trailer, Furio, Jayo.|
|Bus||Cruzio, Cruzio Grande.|
M&M company operates in nine segments:
- Farm equipment
- Information technology (IT)
- Financial services
- Steel trading and processing
5. Eicher Motors Ltd.
Eicher Motor is a prominent company in the automobile sector in India. It is a market leader in Lightweight motorcycles. Royal Enfield is a flagship brand of Eicher motor.
The company manufactures motorcycles, Trucks, and Buses.
The company was founded in 1948 by Vikram Lal. The company headquarters is in New Delhi. The chairman of the company is S Sandilya.
The company has 4,888 employees working with them.
6. Hero Motocorp
Hero Motocorp is a market leader in 2 wheeler in India. Hero Motocorp is formerly known as HeroHonda.
Hero Motocorp is the largest two-wheeler manufacturer in India and also in the world. It has a 50% market share in the Two-wheeler industry in India.
The company was founded in 1984 by Brijmohan Lall Munjal. The company headquarters is in New Delhi. The chairman of the company is Pawan Munjal. Hero Motocorp is one of the top 10 automobile companies in India.
The company has 8,500 employees working with them.
- Xtreme 160RBS6
- X Plus 200 BS6
- Passion Pro BS6
- Splendor iSmart BS6
- Glamour BS6
- Splendor+ BS6
- HF Deluxe BS6
- Super Splendor BS6
- Xpulse 200T
- Xtreme 200S
The company has four manufacturing facilities:
- Dharuhera, Haryana
- Gurgaon, Haryana
- Haridwar, Uttarakhand
- Neemrana, Rajasthan.
7. Ashok Leyland
Ashok Leyland is an Indian multinational automobile company in India. Headquartered in Chennai. The company was founded in 1948. The company is a part of the Hinduja Group.
The company manufactures trucks, buses, Light Vehicles, provide power Solution, and Defence vehicles.
Ashok Leyland is the 10th largest Manufacturer of Trucks. 3rd largest manufacturer of Buses in the world. And 2nd largest manufacturer of commercial vehicles in India.
The company is present in over more than 50 countries.
Ennore(Tamil Nadu), Bhandara( Maharashtra),2* Hosur, Alwar(Rajasthan), and Pantnagar( Uttarakhand).
The company also has manufacturing units outside India. One bus manufacturing unit in Ras AL Khaimah ( UAE), One at leads, United kingdom.
8. TVS Motor Company Ltd
TVS Motors is the 3rd largest two-wheeler manufacturer in India. The company was founded in 1978 by T V Sundaram Lyengar. The company headquarters is in Chennai.
The chairman of the company is Venu Srinivasan.
The company manufactured products in Two-wheeler, three-wheeler, and Automotive parts.
|Motorcycles||TVS Apache RR 310, TVS Apache RTR Series, TVS Radeon, TVS Star City +, TVS Sport|
|Scooters||TVS Entorq, TVS Jupiter, TVS Zest 110, TVS Scooty Pep+|
|Mopeds||TVS XLLt 100|
TVS Motors manufacturing Units:
- Hosur in Tamil Nadu
- Mysore in Karnataka
- Nalagarh in Himachal Pradesh.
- It also has one manufacturing unit located at Karawang in Indonesia.
9. Escorts Ltd.
Escorts Ltd. is a leading manufacturer of a wide range of tractors, automotive components, railway equipment, and construction & material handling equipment.
The company is one of the best tractor manufacturing companies in India. It is 9th on our list of top 10 automobile companies in India.
The company was incorporated in 1960 by H P Nanda. The headquarter of the company is in Faridabad, Haryana.
The company also manufactures agricultural tractors, engines for agricultural tractors, construction, earthmoving and material handling equipment, round and flat tubes, heating elements, double-acting hydraulic shock absorbers for railways coaches, automobile shock absorbers, telescopic front fork & Mcpherson struts, brake block, internal combustion engines and all types of brake used by railways.
10. Force Motors
Force Motors is engaged in the design, development, and manufactures of automotive components, aggregates, and vehicles.
It is the largest van maker in India. The company was incorporated in 1958 by Abhay Firodia.
Its products range:
- Light Commercial Vehicles (LCV)
- Multi-Utility Vehicles (MUV)
- Small Commercial Vehicles (SCV)
- Special Vehicles (SV)
- Agricultural Tractors