The Indian automobile companies and industry registered a growth of 6.26% in FY 2019 compared to FY 2018. And this growth is attributed to the demand for Indian vehicles in overseas markets. India has become the biggest exporter of heavy and light vehicles to overseas markets.
A quick look at the biggest automobile companies in India
Tata Motors Ltd (TML)
Tata Motors produces passenger cars, utility vehicles, trucks, and buses, and it exports the vehicles to over 175 countries. TML has the broadest range of sub-one-ton to 49-ton Gross Vehicle Weight (GVW) trucks, smaller pickup trucks, large buses, coaches, and passenger vehicles.
Maruti Suzuki India Ltd
One of the top automobile companies in India, Maruti Suzuki India Ltd., was started as a joint venture between India and Japan. The joint venture started in 1982 but took little time to capture the largest share of the domestic and international market. It is a leader in the passenger car segment in India.
Mahindra & Mahindra Ltd Automobile Company
One of the leading car companies in India, Mahindra has made a name in the SUV segment. It provides both passenger cars and utility vehicles like pickup trucks. Also, it has tractors and construction equipment in its stable.
Hero MotoCorp Ltd
In 2001, Hero MotoCorp became the world’s largest two-wheeler manufacturer in production and sales. Also, it has over 90 million satisfied customers across the globe. It is a feat that few Indian automobile companies could achieve.
Bajaj Auto Ltd
Bajaj Auto is the world’s third-largest motorcycle and the largest manufacturer of three-wheelers. Also, it has operations in over 70 nations and is increasing its market share by launching new models in both domestic and international markets.
Ashok Leyland Ltd
Ashok Leyland holds a remarkable position in automobile sector companies in India. It is the second-largest manufacturer of commercial vehicles in the country, and the fourth-largest manufacturer of buses worldwide. Its trucks make their presence felt on Indian roads.
TVS Motor Company Ltd
The third largest manufacturer of two-wheelers in India, TVS Motors has four manufacturing units located in different parts of the country. It is capable of producing approximately 4 million two-wheelers and 120,000 three-wheelers in the country. It has a considerable share of the domestic two-wheeler market.
Eicher Motors Ltd
One of the top automobile companies in India , Eicher Motors makes two-wheelers with the brand name Royal Enfield. It also has a joint venture with Sweden’s AB Volvo, with which it is modernizing its fleet of commercial vehicles. It is fast increasing its share in the domestic market with eco-friendly CNG trucks for all needs.
Force Motors Ltd
Force Motors started operations in 1958, intending to provide affordable commercial transport to the masses. It has specialization in producing small commercial vehicles (SCVs), multi-utility vehicles (MUVs), light commercial vehicles (LCVs), special utility vehicles (SUVs), and agricultural tractors.
SML ISUZU Ltd
A big name in the automobile industry, SML ISUZU produces both light and medium commercial vehicles. Also, it is the first company to manufacture ambulances with state-of-the-art facilities and customized buses. It started operations in 1985, and today it has over 33 years of experience in the manufacture and supply of vehicles.
For getting more knowledge on Indian automobile companies, one can visit India Brand Equity Foundation, a trust founded by the Deptt. of Commerce, Ministry of Commerce & Industry. It aims to create a global grasp of the Made in India label & to foster the dissemination of details of products & services & business opportunities in the Automobile sector in India.
Also, read How Indian Carpet Weavers Became Top Rugs Exporters?
