The era of having a car in each household has already begun in India. The time has gone when we depended on foreign automobile companies in India. Many Indian companies captured good market share in all segments, such as Maruti Suzuki, Mahindra and Mahindra, Hindustan Motors, Tata Motors, and a few others. So, it’s a good moment for us that we have achieved a good milestone.
Our automobile companies are also exporting to many countries around the world. It is one of the most important things for a developed country to capture market share. In this article, we have compiled a list of top 10 automobile companies in India which hold major market share in India. So, let’s read!
Top 10 Automobile Companies in India
1. Tata Motors Ltd.
Tata Motors Ltd. is a popular automobile brand in India and around the world. The company not only has captured good market share in India but in many other countries too. It is the largest automobile company in India and one of the largest companies in Asia. In India, Tata always enjoys a good brand name and people love to buy Tata products.
Important Figures of Tata Motors
- Revenue: US$39 billion (2015)
- Profit: US$1.9 billion (2015)
- Operating Income: US$3.9 billion (2015)
- Total Equity: US$7.9 billion (2015)
- Total Employees: 76,500 (2015)
2. Mahindra & Mahindra Ltd.
Mahindra & Mahindra Ltd. is the second largest automobile company in India with a turnover of 37026.37 crore. It is one of the most popular automobile brands in India. Mahindra & Mahindra Ltd. is also the largest SUV maker in India too.
The company is a popular brand name among the vehicle buyers in India. They are active in manufacturing various vehicles such as SUV, two-wheelers, commercial vehicles, and other segments.
Important Figures of Mahindra & Mahindra Ltd.
- Revenue: US$11 billion (2015)
- Net Income: US$390 million (2015)
- Total Assets: US$9.1 billion (2015)
- Operating Income: US$1.3 billion (2015)
- Total Employees: 34,612 (March-2013)
3. Maruti Suzuki India Limited (MSIL)
Maruti Suzuki India Limited is one of the largest automobile companies in India with a revenue of Rs. 58612 crore (2016). According to 2016 reports, 1429246 units were produced by the company. The company has more than 12,900 employees based on 2015 figures.
The company was established in February 1981 to create a huge market of automobiles in India. Later on, Maruti Udyog Limited became Maruti Suzuki India Limited on September 17, 2007.
Important Figures of Maruti Suzuki India Limited
- Revenue: Rs. 58,612 crore (2016)
- Total Employees: 12,900 (2015)
- Net Income: Rs. 4,630 crore (2016)
- Production Output: 1,429,246 Units (2016)
4. Hero MotoCorp Ltd
Hero MotoCorp Ltd. is one of the largest automobile companies in India with a turnover of 19669.29 crore. Hero is a popular two-wheeler brand in India with presence all over India. The group was earlier in joint venture with Honda, with the brand name of Hero Honda.
Before their commercial broke up, Hero Honda Splendor was the largest selling motorcycle model in the world. Later on, Hero bought the remaining shares of Honda in a joint venture to start their own brand name.
Important Figures of Hero MotoCorp Ltd.
- Revenue: US$3.6 billion (2013)
- Operating Income: US$490 million (2013)
- Net Income: US$310 million (2013)
- Total Assets: US$790 million (2013)
- Total Employees: 5,842
5. Bajaj Auto Ltd.
Bajaj Auto Ltd. is one of the largest automobile companies in India with a turnover of 17008.05 crore. The company is a popular brand name among the people of India. They have good market share in the two-wheeler segment in India with good growth. “Hamara Bajaj” is a popular slogan of Bajaj Auto Ltd. They have good market share in the three-wheeler segment in India too.
Important Figures of Bajaj Auto Ltd.
- Revenue: US$3.4 billion (2015-16)
- Net Income: US$530 million (2015-16)
- Total Employees: 9,119 (March, 2014)
6. Ashok Leyland Ltd.
Ashok Leyland Ltd. is a popular truck brand in India and one of the largest automobile companies in India with a turnover of 11133.04. Ashok Leyland Ltd. is a household name in the truck segment and sold millions of trucks till date.
They have a good presence in India and many other countries with different names and subsidiaries. Ashok Leyland is the 4th largest manufacturer of buses in the world.
Important Figures of Ashok Leyland Ltd.
- Revenue: US$2.3 billion (2015)
- Net Income: US$4.3 billion (2014)
- Total Employees: 11,552 (2014)
7. Sundaram Clayton Ltd.
Sundaram Clayton Ltd. is a popular automobile manufacturer in India. The company is based in Chennai, Tamil Nadu, India. They are one of the largest automobile companies in India with a turnover of 7419.41 crore. SCL was the flagship company of the TVS group before being overtaken by its subsidiary TVS Motor Company Limited.
8. TVS Motor Company Ltd.
TVS Motor Company Ltd. is a popular brand in the automobile industry in India. The company is one of the largest automobile companies in India with a turnover of 6569.99 crore. Motorcycles, scooters, three-wheelers and spare parts are their main products. They have good market share in the three-wheeler segment in India. It’s a popular name in small vehicles in India.
Important Figures of TVS Motor Company Ltd.
- Revenue: US$1.7 billion (2016)
- Operating Income: US$66 million (2016)
- Profit: US$49 million (2016)
- Total Assets: US$730 million (2016)
- Total Equity: US$240 million (2016)
9. Eicher Motors Ltd.
Eicher Motors Ltd. is one of the largest automobile companies in India with a turnover of 5138.64 crore. The company is headquartered in Gurgaon, Haryana (India). Eicher Motors is a popular brand name in India in commercial vehicles after Tata Motors and Ashok Leyland. Eicher is increasing its market share in the truck segment at good speed.
Important Figures of Eicher Motors Ltd.
- Revenue: US$1.8 billion (2015)
- Net Income: US$460 million (2012)
- Total Employees: 2,500 (2012)
10. Force Motors Ltd.
Force Motors is the 10th largest automobile company in India with a turnover of 1574.05 crore. Force is a popular brand name in the automobile industry of India. The company was founded in 1958 to cover the market of commercial vehicles. The company manufactures tractors, buses, multi-utility & cross country vehicles, light commercial vehicles, and heavy commercial vehicles.
Important Figures of Force Motors Ltd.
- Revenue: Rs. 1480 Crore (2011)
- Operating Income: Rs. 104 Crore (2011)
- Net Income: 58.6 Crore
- Total Employees: 8000