Automobile industry is one of the fastest growing sectors of India. In the preceding fiscal year, the automobile industry of India produced a total of 30,915,420 vehicles, that includes passenger vehicles, commercial vehicles, three-wheelers, two-wheelers and quadricycles,with a growth rate of 6.26%. India is expected to emerge as the third largest passenger vehicle market by 2021. Let us see what are the top 5 automobile companies of India by market value.
Here are the top 5 automobile companies of India by market value:-
1) Maruti Suzuki India Limited:-
It was founded as Maruti Udyog Limited by government of India in1981 and was merged with Japanese automobile company Suzuki the very next year. and Today it has the production capacity of 1.58 million units per anum. Maruti is the largest automobile manufacturer in India based on sales and market share (52.22%).
2) Hyundai Motor India Limited:-
It is the largest automobile exporter company of India. It exports to 88 countries. Some of the popular car models of Hyundai areSANTRO, GRAND i10, ELITE i20 and ACTIVE i20.
3) Mahindra & Mahindra Limited:-
This flagship company of Mahindra group employes more than 240000 people across different countries like Japan, Africa, Italy, Turkey, Brazil etc. The revenue of Mahindra & Mahindra is ₹ 103205 crore. It produces SUVs, electric vehicles, as well as commercial vehicles, tractors and two-wheelers.
4) Tata Motors Limited:-
Founded in 1868, Tata Motors is one of the largest automobile manufacturer of the world. Tata produces a wide range of cars, sports utility vehicles, trucks, buses and even defense vehicles. The revenue of Tata motors is ₹ 58121 crore.
5) Honda Cars India Limited:-
This premium automobile manufacturer of India is only 25 years old. It has its units in 264 cities of India. Some of the popular HCIL products are Honda Brio, Honda Jazz, Honda Amaze, Honda WR-V, Honda BR-V, Honda City, Honda Civic and Honda CR-V etc.
