Explore the top 10 automobile companies in India for 2024
India’s automobile industry has flourished since the 1990s, with key players like Tata Motors, Mahindra & Mahindra, and Maruti Suzuki dominating the market. Tata Motors, a flagship company of the Tata Group, gained prominence with its affordable vehicles and acquisitions like Jaguar Land Rover. Mahindra & Mahindra, known for its utility vehicles and tractors, expanded globally. Maruti Suzuki, a collaboration between Suzuki Motors and the Indian government, became synonymous with small cars and revolutionized the Indian automotive landscape. These companies have contributed significantly to India’s economic growth and technological advancements in the automobile sector.
Certainly,Here is a list of TOP 10 automobiles companies in India,2023
| Picture | Name | Founders | Founded In | Valuation |
|---|---|---|---|---|
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Zepto | Aadit Palicha, Kaivalya V. | 2020 | $1.4 Billion |
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Physics Wallah | Alakh Pandey, Prateek Maheshwari | 2014 | $1.1 Billion |
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LeadSquared | Anand Kumar, Nilesh Patel, Prashant Singh, Sudhakar Gorti, Sukhbir Kalsi | 2011 | $1 Billion |
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ElasticRun | Sandeep Deshmukh, Saurabh Nigam, Shitiz Bansal | 2016 | $1.4 Billion |
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DealShare | Rajat Shikhar, Sankar Bora, Sourjyendu Medda, Vineet Rao | 2018 | $1.6 Billion |
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XpressBees | Amitava Saha, Supam Maheshwari | 2015 | $1.2 Billion |
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Open | Ajeesh Achuthan, Anish Achuthan, Deena Jacon, Mabel Chacko | 2017 | $1 Billion |
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Games24x7 | Bhavin Pandya, Trivikraman Thampy | 2006 | $2.5 Billion |
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Darwinbox | Chaitanya Peddi, Jayant Paleti, Rohit Chennamaneni | 2015 | $1 Billion |
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Oxyzo | Asish Mohapatra, Bhuvan Gupta, Ruchi Kalra | 2016 | $1 Billion |
1. Maruti Suzuki India Limited
Maruti Suzuki is one of the largest automobile manufacturers in India and has a significant market share in the passenger car segment.
Founded: 24 February 1981
Segment: Passenger Cars Commercial vehicles Automotive parts
Headquarter: Delhi
Revenue: ₹119,712 crore (US$15 billion) in 2023
2. Hyundai Motor India Limited
Hyundai is another major player in the Indian automobile market, known for its range of passenger cars.
Founded: 6 May 1996
Segment: passenger car, Electric Vehicles
Headquarter: Gurugram
Revenue: ₹47,042.79 crore (US$5.9 billion) in 2022
3. Tata Motors Limited
Tata Motors is a leading automobile manufacturer in India, producing a wide range of vehicles including passenger cars, commercial vehicles, and utility vehicles.
Founded: 1945
Segment: Automobiles, Luxury vehicles, Commercial vehicles, Electric Vehicles
Headquarter: Mumbai
Revenue: ₹350,600.15 crore (US$44 billion) in 2023
4. Mahindra & Mahindra Limited
Mahindra & Mahindra is known for its production of utility vehicles, tractors, and commercial vehicles.
Founded: 2 October 1945
Segment: Automobiles, Commercial vehicles, Tractors, Motorcycles
Headquarter: Mumbai
Revenue: ₹122,475 crore (US$15 billion) in 2023
5. Hero MotoCorp Limited
Hero MotoCorp is the largest manufacturer of two-wheelers in India, producing motorcycles and scooters.
Founded : 19 January 1984
Segment: Motorcycles Scooters
Headquarter: Delhi
Revenue: ₹34,727.39 crore (US$4.3 billion) in 2023
6. Bajaj Auto Limited
Bajaj Auto is another major player in the two-wheeler segment, manufacturing motorcycles, scooters, and auto-rickshaws.
Founded : 29 November 1945
Segment: Motorcycles and Three-Wheeler Vehicles
Headquarter : Maharashtra
Revenue: ₹34,428 crore (US$4.3 billion) in 2022
7. Ashok Leyland
Ashok Leyland is a prominent manufacturer of commercial vehicles such as trucks and buses.
Founded: 7 September 1948
Segment: Commercial vehicles, Tractors.
Headquarter: Chennai
Revenue: ₹41,783 crore (US$5.2 billion) in 2023
8. Toyota Kirloskar Motor
Toyota is known for its range of passenger cars and SUVs in the Indian market.
Founded : 6 October 1997
Segment: Commercial, Passenger Vehicles.
Headquarter: Karnataka
Revenue: ₹34,021 crore In 2023
9. Honda Cars India Limited
Honda manufactures a variety of passenger cars and two-wheelers in India.
Founded: 1995
Segment: Passenger Vehicles.
Headquarter: Uttar Pradesh
Revenue: ₹14,439.71 crore in 2023
10. Renault India Private Limited
Renault is known for its compact SUVs and other passenger vehicles in the Indian market.
Founded: October 2005
Segment: Passenger Vehicles.
Headquarter: Chennai
Revenue: Rs 8612.5 crore in 2023
These companies represent a significant portion of the Indian automobile industry, which continues to evolve with changing consumer preferences, government regulations, and technological advancements.