Do you know that the Automobile industry in India alone contributes around Rs 3-3.5 Trillion to the Indian GDP? Although that’s just 7-7.5% of it, these very figures suggest how massive this sector weights. But what’s exactly is fueling this sector? A no. of top automobile companies in India actively contribute day and night for all 365 days to achieve this bar.
While some of these companies produce passenger and commercial vehicles, others deal in only three-wheelers and quadricycles. This blog will discuss those top automobile companies of India which not just produce enough for the masses but bags enormous profits by exporting their produce. So without taking more of your time, let’s just quickly skip to our main content.
List of Top Automobile Companies in India
Total Revenue: 2.64 lakh crores INR
Total Assets: 343,125 crore INR
No. of Employees: 78,906
Tata Motors is the biggest automobile manufacturing company in India which is headquartered in Pune, Maharashtra. Apart from numerous production units and R&D wings, Tata Motors also owns the Jaguar Land Rover. It also has the authority of Tata Daewoo, a South Korean manufacturer of commercial vehicles. Its turnover is the highest among all the top automobile companies in India.
Tata Motors has a total of 134 subsidiaries that make buses, trucks, cars, coaches, and commercial vehicles. It is specialised in designing and manufacturing sedans, SUVs, hatchbacks, and all other lucrative MUVs for nearly every class. With a market share of 45.1%, Tata Motors rules India’s CV market.
It sold around 464,515 units (domestically) in the year 2020-21 which was 5% more as compared to 2019-20. Apart from being an automobile giant, it’s also the top automobile company in Pune. Tata motors is a strong force that has kept the automobile industry in India alive and kicking.
Undoubtedly, it’s the Top car company of India.
Total Revenue: ₹78,994 crore
Total Assets: ₹63,627 crore
No. of Employees: 15,995
Maruti Suzuki is another automobile giant which is a little short in turnover and strength if compared with Tata Motors. It’s one of the top automobile companies in Gurgaon, where its first manufacturing unit was set up in 1981. Maruti Udyog Limited (former name), is a subsidiary of a Japanese automotive manufacturer called “Suzuki‘.
It’s the top passenger vehicle manufacturer in India with a 53% market share. And revenue-wise, it is the second-largest automobile company in India. Maruti’s plants of Gurugram and Manesar combined can produce around 1.58 million units per annum.
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Revenue: ₹96,241 crore
Total Assets: ₹167,006 crore
No. of Employees: 42,875
Mahindra & Mahindra is the top tractor manufacturing company in India and across the world. Mahindra Group specialises in providing mainly farm solutions and mobility products. Its top flagship models contain a variety of best-selling SUVs and other medium-sized lots. Since 1947, when M&M assembled its first vehicle, the company has slowly emerged to be one of the top automobile companies of India. In fact, it’s the third-largest automobile manufacturer in India sales-wise.
Products of M&M has a range of commercial, electric SUVs, pickups, tractors, and two-wheelers. Its 25.3% market share in CV makes it one of the leading companies working in this field.
Revenue: ₹29,614 crore
Total Assets: ₹18,749 crore
No. of Employees: 8,599
Its vast production capacity crossing 10 million units per year, makes it an automobile giant whose stats outshine its own past records. Hero, with its motorcycles and scooters, occupies more than 50% of the two-wheeler market in India. Moreover, it has 7 benchmarked facilities worldwide, including two in Bangladesh and Colombia.
This company has been the largest two-wheeler manufacturer in India for the past 20 years. It’s also one of the top automobile manufacturers in India by market share, which stands at 37.1% of the entire lot. It became the only Indian two-wheeler company that operates in Latin America, soon after its Colombian unit started working in 2016.
Revenue: ₹29,919 crore
Total Assets:₹26,510 crore
No. of Employees: 10,000
Bajaj Auto is an important entity glorifying the list of top automobile companies of India. It reigns in over 70 countries being the 3rd largest two-wheeler manufacturer in the world. It has a reputed name in many countries in Southeast Asia and Latin America. Bajaj Auto produces motorcycles, scooters, and auto-rickshaws. Recently it has crossed a market capitalization of ₹1 lakh crore, making it the world’s most valuable 2-wheeler company.
It has more than 50 years of legacy in making world-class automotive, especially for the middle class. Its vast manufacturing units producing nearly 6,330,000 units per annum is justifying its entry among the top automobile companies in India. Bajaj Auto right now is also the 23rd largest publicly traded company by market share.