Unarguably, the automobile industry is one of the leading revenue generators of India. However, there were various ups and downs in this industry, like the conversion of BS4 to BS6. Nevertheless, the automobile industry was adversely affected by the Covid-19 pandemic.
In 2019, the automobile industry manufactured more than 30,000,000 vehicles, including both commercial and private vehicles. In 2020, these figures have gone down significantly, but soon things will get back to normal. Today, we’ll be rating the leading automobile companies of India based on their revenue, overall sales, and many other factors.
Hence, here is the list of the top 10 automobile companies in India.
List Of Top 10 Automobile Companies Of India
Tata Motors Limited
Tata Motor is a top-notch automobile company of India exporting products to more than 175 countries. Tata manufactures a wide range of buses, trucks, private and commercial vehicles. In 2018, Tata Motors delivered 1500 special Tata Safari Storme to the Indian Army.
Tata Motors is having a strong network with more than 134 global subsidiaries like Tata Daewoo in South Korea and Jaguar Land Rover in the United Kingdom. Tata Motors is the largest Indian automobile company according to revenue and turnover. Believe it or not, Tata Motors has manufactured some of the best private vehicles like Tata Harrier and Tata Tiago.
Maruti Suzuki Limited
Maruti Suzuki was introduced in the Indian market by the joint agreement between Suzuki Motor Corporation (SMC), Japan and the Indian Government. Maruti Suzuki Limited became the flagship subsidiary in 2002. According to the revenue reports, Maruti Suzuki Limited is the second-largest automobile company.
According to volume and sales, Maruti Suzuki is holding shares of around 56 percent in the market. This company has two major production plants in Manesar, Haryana and Gurugram. The total annual production of Maruti Suzuki Limited is around 1.58 million units per year.
Mahindra And Mahindra Limited
Mahindra And Mahindra Limited is the flagship subsidiary of Mahindra Group. This company is the leading automobile tycoon of India. Mahindra And Mahindra manufactured its first car in 1947. Currently, both Tata and Mahindra are dominating the market and giving a fierce competition to Maruti Suzuki Limited.
According to the total sales reports, Mahindra & Mahindra Limited is the third largest automobile company. Mahindra manufactures both private and commercial vehicles, and they are planning to launch electric vehicles in the Indian market.
Hero MotoCorp Ltd
Hero is the world’s largest motorbike manufacturer and dominating the two-wheeler market. According to the sales and overall revenue reports, Hero MotorCorp Ltd holds the first position for around 18 years. More than 90 million consumers across the globe are happy and satisfied with the products by Hero.
hero is the only Indian two-wheeler manufacturing company who set up a manufacturing unit in Latin America. This company is now having 9 million manufacturing capacity per year.
Bajaj Auto Limited
Baja Auto is exporting its products to more than 70 continents. Bajaj is the biggest manufacturer of three-wheelers. Above all, this company is the holding position of the third-largest manufacturer of motorbikes. Bajaj is a well-known brand which is primarily present in Southeast Asia, Middle East, Africa, Sri Lanka, and Latin America.
Bajaj has recently acquired many manufacturing units across India for boosting the units annual production. Lastly, Bajaj Auto Limited is one of the flagship subsidiaries of Baja Group.
Ashok Leyland Ltd
Ashok Leyland Ltd is the second biggest manufacturer of commercial vehicles across the nation. Ashok Leyland Ltd is the flagship subsidiary of the well-renowned Hinduja Group. Above all, Ashok Leyland Ltd is the tenth biggest global manufacturer of trucks.
Ashok Leyland Ltd is currently headquartered in Chennai, Tamil Nadu. Recently, they set up a new bus manufacturing unit in Ras Al Khaimah, United Arab Emirates. With this manufacturing unit, Ashok Leyland Ltd became the fourth biggest manufacturer of commercial and private buses worldwide.
TVS Motor Company Ltd
TVS Motor Company Ltd is the third biggest two-wheeler manufacturing company in India. According to the 2019-2019 revenue reports, TVS Motors has generated more than 15,000 Cr INR. TVS manufactures 4 million two-wheelers and more 100,000 three-wheelers. TVS is currently having four manufacturing plants located at Nalagarh in Himachal Pradesh, Hosur in Tamil Nadu, Karawang, Indonesia, and Mysore in Karnataka.
Products by TVS motors are quite famous in Indonesia, especially the two-wheelers. More than 90 companies are under the belt by TVS Motor Company Limited. Currently, the biggest competitor of TVS Motors is Hero Motocorp Ltd.
Eicher Motors Limited
Eicher Motors Limited is the parent company of Royal Enfield, which is the worldwide leader in manufacturing middleweight motorbikes. Royal Enfield is the world’s well-renowned oldest motorcycle brand expanding its services to every nation. It started manufacturing motorbikes in 1901.
However, Royal Enfield manufactures its majority of motorbikes in Chennai, Tamil Nadu. They also have a manufacturing unit in Leicestershire, United Kingdom. Eicher is also the joint venture of Volvo Eicher Commercial Vehicles Limited (VECV), Sweden AB Volvo. Both Volvo and Eicher are manufacturing a wide range of buses and trucks in Pithampur, Madhya Pradesh.
Force Motors Ltd
Shri. N. K. Firodia established Force Motors for providing commercial and private vehicles without harassing our mother earth. The vision of Firodia is to provide energy-efficient, reliable, and cost-effective products. Currently, Force Motors Ltd manufactures Special Utility Vehicles (SUV), Light Commercial Vehicles (LCV), Small Commercial Vehicles (SCV), and agricultural tractors.
SML ISUZU Ltd
SML ISUZU Ltd is one of the trusted and well-renowned commercial vehicle manufacturer having more than 30 years of experience, ISUZU is famous for manufacturing Light and Medium vehicles since 1985. SML was the first automobile company to manufacture feature-rich buses and ambulances. The combined shares of Isuzu Motors, Japan, and Sumitomo Corporation, Japan is around 59%. Soon Isuzu will give a tough competition to the other automobile leaders.
Hence, these are the top 10 biggest automobile companies in our nation. We advise you to trust and buy products from our local brands to support the country’s GDP. We hope this content is helpful and informative for you.