The Indian automobile market is one of the largest in the world and is growing at a rapid pace. The demand for automobiles is expanding significantly.
The Indian government has also taken a number of efforts to encourage the expansion of the country’s automobile industry.
The vehicle market is likewise incredibly competitive. There are many leading automobile companies in India that are providing good quality vehicles to customers according to their needs and requirements. We’ve compiled a list of 10 Indian automobile companies that have been in business for a long time and have a solid track record.
The list of 10 automobile companies in India:-
1. Maruti Suzuki India Ltd.
2. Tata Motors Ltd.
3. Mahindra & Mahindra Ltd.
4. Bajaj Auto Ltd.
5. Hero MotoCorp Ltd.
6. TVS Motor Company Ltd.
7. Ashok Leyland Ltd.
8. Force Motors Ltd.
9. Eicher Motors Ltd.
10. SML ISUZU Ltd.
1. Maruti Suzuki India Ltd.
Maruti Suzuki India Limited (MSIL) is owned by Suzuki Motor Corporation of Japan. On January 24, 1981, the Indian government established it. Maruti Suzuki is India’s largest automobile manufacturer, exporting to over 100 countries, with Latin America, Africa, and Southeast Asia among the most prominent.
According to the Brand Trust Report, Maruti Suzuki is India’s 9th most trusted brand. Maruti Suzuki had a 44.2% market share in India’s passenger car industry as of February 2022. Maruti Suzuki operates two factories in Haryana and one in Gujarat.
2. Tata Motors Ltd.
Tata Motors was established in 1945 and is one of India’s most well-known automobile manufacturers. The Tata Group, which includes Tata Motors, was founded by Jehangir Ratanji Dadabhoy Tata. The company manufactures passenger cars, trucks, vans, coaches, buses, luxury automobiles, defense vehicles, and sports cars. In 2021, Tata Motors’ revenue was $45 billion. Tata Motors has manufacturing facilities in India, Argentina, South Africa, the UK, and Thailand. According to the Fortune Global 500 list of the world’s most powerful organizations, the company is ranked 265th in 2019.
3. Mahindra and Mahindra Ltd.
Mahindra & Mahindra is a subsidiary of the Mumbai-based multinational Mahindra Group. In terms of manufacturing, it is India’s largest vehicle manufacturer. Jagdish Chandra Mahindra, Kailash Chandra Mahindra, and Ghulam Mohammed founded it in 1945. Automobiles, commercial vehicles, tractors, and motorcycles are all manufactured by the corporation. M&M’s revenue in 2021 was $9.7 billion dollars. In 2018, Fortune India 500 placed Mahindra & Mahindra 17th among the top firms in India.
4. Bajaj Auto Ltd
Bajaj Auto Limited, headquartered in Pune, is an Indian multinational automobile manufacturer. Bajaj Auto is a subsidiary of the Bajaj Group, which was formed in 1945 by Jamnalal Bajaj. It is a motorcycle, scooter, and auto rickshaw manufacturer. The company has 4 manufacturing facilities in Pantnagar, Akurdi, Waluj, and Chakan. Bajaj Auto has sold over 18 million motorcycles in over 70 countries. In Asia, Europe, Africa, and the Americas, Bajaj Auto has a substantial presence.
5. Hero MotoCorp Ltd
Brijmohan Lall Munjal started Hero MotoCorp Limited, formerly known as Hero Honda, in 1984. The company is located in New Delhi and is the world’s largest two-wheeler manufacturer of motorcycles and scooters. The company’s market value was US $7.8 billion as of 2021. Hero MotoCorp operates 6 production plants in India, one in Colombia, and one in Bangladesh. According to the Brand Trust Report, Hero Honda is the 7th most trusted brand in India.
6. TVS Motor Company Ltd
TVS Motor Company Ltd, a subsidiary of the TVS Group, is an Indian motorcycle manufacturer based in Chennai. It was established in 1978 by Sundaram Iyengar. With sales of nearly US $2.9 billion, TVS Motor Company is India’s 3rd largest two-wheeler manufacturer. Three of the company’s manufacturing plants are in India, while one is in Indonesia. TVS Motor produces scooters, motorcycles, mopeds, and racing motorbikes such as the Apache and RR310. TVS Motor has a presence throughout Africa, the Middle East, Southeast Asia, Latin, and Central America.
7. Ashok Leyland Ltd
Ashok Leyland, which is owned by Hinduja Group, is India’s second-largest commercial vehicle manufacturer. Raghunandan Saran created Ashok Motors in 1948, which later became Ashok Leyland in 1955.
Ashok Leyland has 7 manufacturing plants located in India, one in the United Arab Emirates, and one in the United Kingdom. It manufactures trucks and buses, as well as commercial and logistics vehicles for military and diesel engines for industrial and maritime purposes.
Ashok Leyland has been at the top of the commercial vehicle industry for decades, thanks to innovative products, a deep grasp of clients, and a full understanding of local market conditions.
8. Force Motors Ltd
Force Motors Ltd is a fully integrated vehicle company with its headquarters in Pune. N. K. Firodia established the company in 1958. Force Motors produces a variety of vehicles, including ambulances, school buses, passenger carriers, and agricultural tractors, in addition to engines and axles. Force Motors’ areas of expertise include engineering, research & development, production, and design.
In 2020, Force Motors was placed 359th among India’s Fortune 500 firms. Force Motors has dealers all across the country. In addition, the company exports to Africa, Latin America, SAARC and ASEAN countries, the Gulf, and Germany.
9. Eicher Motors Ltd
Eicher Motors Limited is a renowned Indian vehicle manufacturer founded in 1982 by Vikram Lal. It produces a wide range of high-quality commercial vehicles, motorcycles, and automotive parts. Eicher Motors owns Royal Enfield Motors, a motorcycle manufacturing business.
Madhya Pradesh, Tamil Nadu, Maharashtra, and Haryana are among the states where Eicher Motors has manufacturing facilities. Volvo Group and Eicher Motors, two significant players in the commercial vehicle market, merged in 2008, and this partnership has benefited the modernization and evolution of the sector in India and many other developing economies.
10. SML ISUZU Ltd
SML Isuzu Ltd. (SMLI) is a reputable and dependable commercial vehicle manufacturer based in Chandigarh since 1983. SMLI manufactures light and medium commercial vehicles such as trucks, buses, ambulances, water tankers, and other customized vehicles. Bangladesh, Nepal, Kenya, Zambia, Syria, Tanzania, Ghana, and Jordan are just a few of the nations where the company’s products are exported. SMLI intends to instill a new culture and value system in the firm, allowing it to confidently go ahead into the competitive market era.
FAQ-
1. How many automobile companies are there in India?
There are more than 14,000+ Automobile companies in India.
2. What are the top 10 automobile companies in India?
Maruti Suzuki, Tata Motors, Mahindra & Mahindra, Hero MotoCorp, Bajaj Auto, TVS Motor, Ashok Leyland, Eicher Motors, Force Motors, and SMLI are the top 10 automobile companies in India.
3. Which is the No. 1 car company in India?
Maruti Suzuki is the No. 1 car company in India.
4. Which is the biggest automobile company in India?
Maruti Suzuki is the biggest automobile company in India.
5. Is BMW made in India?
Few BMW models are made in India.
6. Does BMW own Alfa Romeo?
No, Fiat Chrysler Automobiles own Alfa Romeo.
