The automobile industry of India is running in top gear. It is expected to reach the third position in the commercial marketplace by 2026. Currently, the automobile companies manufacture around 22.7 million vehicles, including passenger vehicles, commercial vehicles, three-wheelers, and two-wheelers. India is also known as the second-largest bus manufacturer in the world. 14,000+ auto mobile companies in India have made their niche market in the industry. However, the top 10 automobile companies in the country have become benchmarks in the automobile industry of India.
Automobile companies in India
India is the leading auto exporter and, it has been receiving foreign investment in the sector due to rapid growth in the sector. Furthermore, India’s top ten automobile companies have been ruling the market since their inception. Let’s learn about these companies in detail:
Ashok Leyland is one of the most popular aut omobile companies in India. The automobile manufacturing company is a leading manufacturer of buses and trucks based in Chennai. It also makes engines for Industrial and marine use. It offers products like U-truck, DOST, Minivan, and Boss.
Bajaj Auto Ltd
Bajaj Auto Ltd is known for manufacturing two-wheeler and three-wheeler vehicles. Since its inception in the 1940s, Bajaj Auto Ltd has been selling imported two or three-wheelers. Some of the products produced by the company are Bajaj 150 scooters, Bajaj chetak, Bajaj intracity, Bajaj KTM, Kawasaki Bajaj 4S champion, Bajaj Platina and more.
Force Motors Ltd
Force Motors is the next most popular automobile manufacturing company by Dr. Abhay Firodia group. It manufactures lightweight transport vehicles, engines, and axles. It also produces a large variety of die-cast aluminum parts. They have manufacturers various vehicles like Lightweight Traveller range, small commercial vehicles like shaktiman 200, MUV’s and SUVs.
The Hero Motocorp is one of the finest automobile manufacturing companies in India. Earlier, the automobile company was named Hero Honda corp. Later it was renamed Hero corp. The company produces a wide range of two-wheelers like Pleasure, Maestro, Splender, and more.
Hyundai Motors India
Hyundai Motors India is a subsidiary of Hyundai Motor company. It is the second-largest car manufacturer and top car exporter of India. The Hyundai exports to 88 countries of Africa, the Middle East, Latin America, Australia, and Asia pacific. Some of the popular car models of the company are Santro, Grand i10, Elite i20, Aura, etc.
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Maruti Suzuki is one of the oldest car manufacturing companies in India. It is the subsidiary of Suzuki motor corporation. Furthermore, Headquartered in New Delhi, Maruti Suzuki manufactures different cars like Alto, Wagon, Swift, Baleno, and Dzire.
Mahindra and Mahindra
Mahindra and Mahindra are the top SUV and tractor producers in India. Two-wheelers, buses, pickups, tempo, trucks, and commercial vehicles. Mahindra Scorpio, Balero, XUV 500, and XYLO.
Tata Motors is one of the leading MNC companies that manufacturers a range of utility vehicles. Some of the products produced by the company are Sumo, Safari, Xenon XT, Tata aria, etc.
Toyota Kirloskar Motors
The Toyota Kirloskar Motors joint venture between the Kirloskar Group and Toyota Motor Corporation. It has become a significant car and MUV manufacturing player in the automobile industry in India.
The leading two-wheeler manufacturing company in India, TVS motors manufactures different motorcycles, scooters, and three-wheelers. Popular products of the company include; Jupiter, Wego, Apache, and TVS scooty.
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These are some of the top automobile companies that have pioneered the industry and employed millions in various positions.