The domestic players as well as the foreign players dominate the Indian automobile sector. The key players contributing to the growth of the sector are discussed below.
List of top automobile companies in India
Founded in 1955, Ashok Leyland is a wholly owned subsidiary company of Hinduja Group. The company is into the manufacturing of trucks, buses and diesel engines. It also delivers special application vehicles such as fire fighters for international airports and a range of modern army vehicles.
Founded in 1926, Bajaj Auto is one of 27 subsidiaries of Bajaj Group of Companies. It is into the manufacturing of scooters, motorcycles, and 3-Wheelers. It also caters to auto financial needs.
Established in 1956, Hero Group is one of India’s largest two-wheeler manufacturing companies.
Having a turnover of US$ 3.20 billion, Hero Group comprises of 20 companies, 300 ancillary suppliers, and more than 5,000 outlets.
HSCIL is a joint venture between Honda Motor Co. Ltd., Japan and Siel Limited with the motive of manufacturing Honda passenger cars in India. The company has been certified ISO 9002 & ISO 14001 as per the ISO standards.
Established in 1967, Hyundai Motor India Limited is a wholly owned subsidiary of Hyundai Motor Group.
Established in 1981, Maruti Udyog Limited (MUL) is a subsidiary of Suzuki Motor Corporation
of Japan. Maruti delivers a variety of passenger vehicles- compact cars to luxury cars. Its product range includes Maruti 800, Omni, Maruti Zen, Estillo, Alto, Wagon R, Gypsy, Esteem, Baleno, Versa, Swift and Grand Vitara XL7.
Founded by Jamsetji Tata in 1960s, Tata Group is one of India’ oldest and largest conglomerates. Its business division ranges from Engineering, Materials, Energy and Chemicals to Services, Consumer products, Information Systems and Communications. Having market capitalization of $55.7 billion and turnover of Rs. 967,230 million in financial year 2005-06, Tata Group has a revenue of $21.9 billion.
Toyota Kirloskar Motor Private Limited (TKM) is one of biggest vehicle manufacturers, with Toyota Motor Corporation holding equity of 89% and Kirloskar Group holding 11%.
Yamaha Motors delivers a range of automobile products, a few of them being motorcycles, scooters, electro-hybrid bicycles, boats, fishing boats, outboard motors, racing karts, golf cars, multi-purpose engines, generators. The company also undertakes import and sales of various types of products, development of tourist businesses and management of leisure, recreational facilities and related services.