Top 10 automobile companies in India 2024, Automobile Industry Tour
India has overtaken Japan to become the third largest vehicle market in 2023 after China and the US by selling over 4.25 million vehicles.
In Fiscal Year 2018-19:
- sale of passenger vehicles increased by 2.70%
- two-wheeler increased by 4.86%
- three-wheeler increased by 10.27%
Overall, automotive exports increased by 14.50 percent in April-March 2019. The automobile industry is a major pillar of the Indian economy. As a result, when the manufacturing sector suffers a loss, the entire economy suffers as well. The producers who make this sector outstanding have solved all of the challenges, such as the switch to BS6 and guaranteeing that the pillar remains upright. Today, we’ll look at the Top 10 Automobile Companies in India.
Top 10 automobile companies in India – 2024
1 – Maruti Suzuki
- Parent organization– Suzuki (56.37%)
- CEO– Kenichi Ayukawa (1 Apr 2013–)
- Founder– Government of India
- Founded– 1982, Gurugram
- Headquarters– New Delhi
- Maruti Suzuki Revenue – INR 73,278.9 crores – 2021
Best automobile companies in India – Maruti Suzuki India Limited, formerly known as Maruti Udyog Limited, is a subsidiary of Suzuki. Maruti Suzuki has always been the market leader in terms of sales. With a sales market share of greater than 50%. As the BS6 emission standards take effect in 2020, the corporation has opted to phase out diesel engines in favor of petrol engines.
Maruti Suzuki was the first automaker in India to launch a BS6-compliant range. The company has sold over 7.5 lakh BS6 vehicles, the most of any automaker. Maruti Suzuki India Limited sold a total of 139,347 units in December 2022.
02 – Hyundai Motors
- Headquarters– Seoul, South Korea
- Parent organization– Hyundai Motor Group
- CEO– Chung Eui-sun
- Subsidiaries– Kia, Hyundai Automotive South Africa
Hyundai Motors revenue – 117.61 lakh crores KRW
Hyundai Motor India Limited (HMIL) is the largest passenger vehicle exporter and second-biggest automobile manufacturer in India (Best automobile companies in India) and is a fully owned subsidiary of Hyundai Motor Company (HMC) in South Korea. For the ninth year in a row, it has been the country’s top exporter of passenger automobiles.
It is India’s second-biggest vehicle manufacturer, with a 16.2% market share and a turnover of US$5.5 billion as of February 2019. Hyundai Motors sold 3,944,579 vehicles in 2022, a 1.4 percent increase year-on-year.
03 – Tata Motors
- CEO– Guenter Butschek
- Parent organization– Tata Group
- Headquarters: Mumbai
- Subsidiaries: Jaguar Land Rover, Jaguar Cars, Tata Technologies
Tata Motors revenue – INR 3.01 lakh crores
Best automobile companies in India – Tata Motors Limited is an Indian multinational automobile manufacturer based in Mumbai, Maharashtra.
Tata Group, an Indian conglomerate, owns it. Passenger cars, trucks, vans, coaches, buses, sports cars, construction equipment, and military vehicles are among the company’s products and services. In the fourth quarter of the financial year, Tata Motors saw a 162 percent increase in revenue (Q4- Jan-Mar 2021). In comparison to 32,000 units sold in the same period last year (2020), the manufacturer sold 83,857 units this year (2021).
04 – Toyota Motors
- Founder:Kiichiro Toyoda (Japan)
- Subsidiaries:Lexus, Daihatsu, Toyota Racing Development, etc.
- Parent organization:Toyota Group
Toyota Motors revenue – INR 1,656,000 crore
In August 1937, Toyota Corporation was founded. In 1997, the firm began operations in India in conjunction with the Kirloskar Group.
Toyota Motors is India’s fourth-largest automobile manufacturer, and its sedan models are often considered among the best. For FY 2020, the company saw a 2.1 percent increase in top-line revenue (ended March 2020). Toyota’s automotive division is predicted to generate $258.3 billion in sales in 2020.
05 – Kia Motors
- Parent organization:Hyundai Motor Company (33.88%)
- Subsidiaries:Kia Motors (UK) Limited, National Arab Motors Co, etc.
- Headquarters:Seoul, South Korea
- Founder:Kim Cheol-ho
Kia Motors revenue – 69.86 lakh crores KRW 2021
Kia Corporation, or just Kia, is a global vehicle manufacturer based in Seoul, South Korea. Kia Motors Corporation was established in May 1944 and is Korea’s oldest automobile manufacturer.
A global network of over 3,000 distributors and dealers sells and services these cars in 172 countries. The company employs over 40,000 people and generates over US$17 billion in yearly revenue. Kia India clocked its best ever cumulative sales at 3,36,619 units in 2022, recording a growth of 47.7 per cent compared to last year.
06 – Skoda
- Parent organization– Volkswagen Group
- Headquarters– Mlada Boleslav, Czechia
- Founded– 18 December 1895, Mlada Boleslav, Czechia
- Founders– Václav Laurin, Václav Klement
Skoda Auto India Pvt Ltd., a subsidiary of Skoda Auto, one of Europe’s fastest-growing automobile manufacturers, has been functioning in India since November 2001. It has established a sophisticated manufacturing facility in Shendra, Maharashtra, near Aurangabad. The plant has a total area of 300,000 m2. The firm operates 200 locations around the country.
In September 2020, the firm sold a total of 1,328 units, a straight 28 percent increase over sales a month prior, when the business sold 1,040 units. Skoda Auto India sold 53,721 cars in 2022, recording a 125 percent YoY growth.
07 – M.G. Motors
- Parent organization– SAIC Motor Corporation
- Headquarters– London, United Kingdom
- Founders– Cecil Kimber
Chinese automobile companies in India – MG Motor India, often known as Morris Garages, is the Indian subsidiary of SAIC Motor, a Chinese automaker.
The subsidiary was established in 2017 and will begin selling and producing in 2019. MG Motor now has over 65 dealerships spread over 50 locations across the country. In 2020, MG Motor India saw a 41% increase in retail sales, reaching 2,851 units. In the year 2022, MG car sales in India stood at 48,063 units, which is 19.34% growth over 2021 sales of 40,273 units.
08 – Mercedes
- Parent organization:Daimler AG
- Founder:Karl Benz
- Founded:1926
- Headquarters:Stuttgart, Germany
- Subsidiaries:Mercedes-AMG
Mercedes revenue – 13,390 crores EUR 2021
Mercedes-Benz India Pvt Ltd, headquartered in Pune, is a fully owned subsidiary of the German Daimler AG, which was created in 1994.
This facility, located in Chakan, Maharashtra, was established in 2015 and is one of the quickest green-field operations ever developed, as well as one of Mercedes-top Benz’s CKD plants globally. In the first quarter of 2021, the firm sold 3,193 units, representing a 34 percent increase year over year.
Mercedes-Benz said that its sales in India grew by 41% in 2022.
09 – Volkswagen
- Founder:German Labour Front
- Founded:28 May 1937
- Parent organization:Volkswagen Group
- Headquarters:Wolfsburg, Germany
Volkswagen revenue – 25,020 crores EUR 2021
The Volkswagen Group is represented by 5 brands such as Audi, SKODA, Volkswagen, Porsche, and Lamborghini. The Volkswagen Group is headquartered in Pune (famous as the top automobile company in India), Maharashtra.
The Volkswagen facility in Chakan has a total area of nearly 2.3 million square meters (572 acres) and has a full three-shift production capability of up to 200,000 cars per year. By 2025, the business aims to increase sales from the existing 15,000 units to 100,000 units.
Volkswagen’s sales in India grew 85.48 per cent to 1,01,270 units in 2022.
10 – Honda
- Company full name– Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI)
- Subsidiaries:Acura, Honda R&D, Honda Atlas Cars, etc.
- Founder– Soichiro Honda
Honda revenue – 14.95 lakh crores JPY 2022
Honda Motor Company owns Honda Cars India Ltd., a car manufacturer in India. The firm was founded in 1995 to provide Indian clients with the newest Honda passenger vehicle models and technology.
In FY 2018-19, Honda Cars India saw an increase of 8% in yearly sales, while in March 2019, the company saw a 27% increase. In March 2019, the firm reported monthly domestic sales of 17,202 units, up from 13,574 units in the same month the previous year, a 27 percent increase.
Company reported a 7 per cent increase in sales in the domestic market to 95,022 units in 2022.
FAQ
01. Who are the Top 10 best automobile companies in India?
The top 10 best automobile companies in India are as follows: –
- Maruti Suzuki
- Hyundai Motors
- Tata Motors
- Toyota Motors
- Kia Motors
- Skoda
- Motors
- Mercedes
- Volkswagen
- Honda
02. Who are the Chinese automobile companies in India?
Chinese automobile companies in India – MG Motor India also famous as the top automobile companies in India, often known as Morris Garages, is the Indian subsidiary of SAIC Motor, a Chinese automaker. The subsidiary was established in 2017 and will begin selling and producing in 2019.
03. Who are the new automobile companies in India?
The new automobile companies in India are as follows: –
- Rimac Automobili
- Rimac Automobili
- Venturi Automobiles
- Shelby Supercars
- Lightning Car Company
04. Who are the top 5 best automobile companies in India list?
The top 5 best automobile companies in India list are as follows: –
- Maruti Suzuki
- Hyundai Motors
- Tata Motors
- Toyota Motors
- Kia Motors
05. Which is the biggest automobile company in India?
Best automobile companies in India – Maruti Suzuki India Limited, formerly known as Maruti Udyog Limited, is a subsidiary of Suzuki, a Japanese automaker. Maruti Suzuki has always been the market leader in terms of sales.
