The automobile sector has heightened throughout the years into a seasoned and well-established industry. The Innovations and manufacturing of the vehicles have assisted the automotive industry to bloom into a profitable market. Automobile organizations have contributed fundamentally to the advancement of the world’s economy by creating job opportunities. Then again, it plays a significant part in the market since this industry has a ton of taxes and earnings with a major foreign exchange. A few automobile manufacturing organizations on the planet manufacture vehicles in a huge quantity to gain higher revenues.
Top 5 Automobile Companies in India
Given below is a list of the top automobile companies in India:
Tata Motors Ltd
Tata Motors is one of the leading Automobile Companies in India and the world, giving mobility solutions to more than 175 nations. The portfolio incorporates a wide range of cars, utility vehicles, trucks, and buses. The organization is the biggest automobile company. The Company has a solid global network of 134 subsidiaries, partner organizations, and joint ventures, including the Jaguar Land Rover in the UK and the Tata Daewoo in South Korea. TML offers automotive products, ranging from sub-one-ton to 49-ton Gross Vehicle Weight (GVW) trucks, little, medium, and large buses and coaches, and passenger vehicles. Founded in 1945, it has auto manufacturing and assembly plants in Jamshedpur, Pantnagar, Lucknow, Sanand, Dharwad, and Pune in India, as well as in Argentina, South Africa, Great Britain, and Thailand. It has research and development centers in Pune, Jamshedpur, Lucknow, and Dharwad, India and South Korea, Great Britain, and Spain. The company has a net income of Rs. 10,975 crore as of 2020.
TML is the leader in India’s CV market with a market share of 45.1% and sales of 4,68,788 vehicles in FY 2018-19 and has gained market share in the Medium and Heavy Commercial Vehicle (MHCV), Intermediate Light Commercial Vehicle (ILCV), and Small Commercial Vehicle (SCV) segments.
Maruti Suzuki India Ltd
Maruti Suzuki India Limited, once in the past known as Maruti Udyog Limited, is an automobile manufacturer headquartered in New Delhi. The Company was set up in 1981. A joint endeavor agreement was signed between the Government of India and Suzuki Motor Corporation (SMC), Japan in 1982. The Company turned into a subsidiary of SMC in 2002. It is the Second Largest Automobile Companies in India in terms of revenue. The Company has two best in class fabricating offices situated in Gurugram and Manesar in Haryana, with a combined annual production of ~1.58 million units per annum. In terms of production volume and sales, the Company is now SMC’s largest subsidiary. SMC currently holds 56.21% of its equity stake. With 33,180 employees, the company generates revenue of Rs.83,281 crore.
Mahindra and Mahindra Ltd
Mahindra and Mahindra Ltd., and ranch arrangements supplier, is the leading organization of the Mahindra Group. Since assembling the main vehicle in 1947, The Company has developed quickly. It is the Third Largest Automobile Companies in India in terms of total sales. The Company offers a wide range of products and solutions going from SUVs to electric vehicles, pickups, commercial vehicles, tractors, bikes, and construction equipment. It is one of the leading Indian automobile companies in India. The company generates revenue of Rs.53,017 crore as of 2020.
Hero MotoCorp Ltd
Hero Motocorp Limited, formerly Hero Honda, is an Indian worldwide motorcycle and scooter manufacturer situated in New Delhi, India. The organization is the biggest two-wheeler manufacturer in the world, and furthermore in India. With more than 90 million satisfied clients across the globe, it keeps on advocating socio-economic progress and strengthening through its range of products and services. It turned into the solitary Indian two-wheeler organization to set up a manufacturing base in Latin America when it began tasks at its manufacturing base in Colombia in 2016. Hero MotoCorp presently has an annual combined production capacity of around 9 million units of two-wheelers. Hero MotoCorp is a truly global enterprise with a workforce that comprises people from different nationalities including India, Bangladesh, Colombia, Germany, Austria, Japan, and France. Led by Dr. Pawan Munjal, Chairman, Hero MotoCorp, it has taken fast walks to expand its presence to 37 nations across Asia, Africa, and South and Central America.
With around 8,551 employees, the company generates a revenue of around Rs. 32,871 crore.
Bajaj Auto Limited
Bajaj Auto Limited is an Indian multinational two-wheeler and three-wheeler manufacturing organization situated in Pune, Maharashtra. It manufactures motorcycles, scooters, and auto rickshaws. Bajaj Auto is a piece of the Bajaj Group. It was established by Jamnalal Bajaj in Rajasthan during the 1940s. Bajaj Auto is positioned as the world’s fourth-biggest three and two-wheeler and the Bajaj brand is well-known across a few nations in Latin America, Africa, Middle East, South, and Southeast Asia. It generates a revenue of around Rs.30,598 crore.
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