TOP 10 AUTOMOBILE COMPANIES IN INDIA
1. Maruti Suzuki India Limited:
At the forefront of India's automobile revolution stands Maruti Suzuki, a subsidiary of the revered Suzuki Motor Corporation.
With a legacy spanning decades, Maruti Suzuki has earned its place as the largest car manufacturer in India. From the ever-popular Swift to the robust Vitara Brezza, their offerings cater to a wide spectrum of consumers.
Maruti Suzuki in numbers (2023)
Sales – 16,06,870 units (up 20.68% y/y)
Revenue – INR 117,571 crore
Market Cap – INR 292,697 crore
ROCE – 17.7%
Employees – 16,500
2. Hyundai Motor India Limited:
.png)
Hailing from South Korea, Hyundai Motor India Limited has etched its mark in the Indian market. Known for its innovative designs and reliable performance, Hyundai offers a range of vehicles that appeal to both urbanites and adventure-seekers alike.
Hyundai India in numbers (2023)
Sales – 5,67,546 units (up 17.87% y/y)
Revenue – INR 47,043 crore
Employees – 10,000
3. Tata Motors:
.png)
The pride of the Tata Group, Tata Motors is an automotive behemoth known for its versatile lineup. From the rugged Safari to the eco-conscious Nexon EV, Tata Motors has been a pioneer in introducing cutting-edge technologies to Indian consumers.
Tata Motors in numbers (2023)
Sales – 5,38,640 units (up 45.43% y/y)
Revenue – INR 3,45,967 crore
Market cap – INR 2,22,456 crore
Employees – 56,727
4. Mahindra & Mahindra:
A true Indian powerhouse, Mahindra & Mahindra has been a frontrunner in producing utility vehicles and tractors. With a focus on sustainability, they have also made strides in electric vehicle technology, showcasing their commitment to a greener future.
M&M in Numbers (2023)
Sales – 3,59,253 units (up 59.04% y/y)
Revenue – INR 1,21,269 crore
Market cap – INR 1,91,043 crore
ROCE – 13.6%
Employees – 2,60,000
5. Honda Cars India Limited:
Originating from Japan, Honda Cars India Limited has left an indelible mark on the Indian automotive scene. Known for their precision engineering and fuel-efficient engines, Honda's models like the City and Civic have won the hearts of many.
Honda India in numbers (2023)
Sales – 91,418 units (up 6.79% y/y)
Revenue – INR 500+ crore
Employees – 4,765
6. Toyota Kirloskar Motor:
.png)
Toyota, with its global reputation for quality and reliability, has established a strong presence in India. From the iconic Innova to the eco-conscious Camry Hybrid, they offer vehicles that cater to diverse consumer needs.
Toyota Kirloskar in numbers (2023)
Sales – 1,74,015 units (up 40.60% y/y)
Revenue – INR 19,563 crore
Net Profit – INR 518.8 crore
Employees – 7,000
7. Skoda Motors:
With its American roots, Skoda India Private Limited has carved a niche for itself in the Indian market. Known for its sturdy SUVs and sedans, Ford has been a favorite among enthusiasts seeking power and performance.
Skoda in numbers (2023)
Sales – 53,721 units (up 3.51% y/y)
Revenue – INR 13,839 crore
Employees – 1,069
8. Renault India Private Limited:
.png)
Renault, the French automaker, has been making waves in India with models like the Kwid and Duster. Their focus on affordability and innovative design has struck a chord with Indian consumers.
Renault in numbers (2023)
Sales – 91,152 units (down 12.48% y/y)
Revenue – INR 500+ crore
Employees – 10,000+
9. Kia Motors India:.png)
.png)
A relative newcomer, Kia Motors India, has quickly gained popularity with its feature-packed models like the Seltos and Sonet. With a blend of style, technology, and affordability, Kia has earned its place among India's top car manufacturers.
Kia India in numbers (2023)
Sales – 2,69,229 units (up 44.14% y/y)
Revenue – INR 500+ crore
Employees – 1,000+
10. MG Motor India:
MG Motors, a name synonymous with German engineering, has found a devoted following in India. Their offerings, known for their quality and precision, cater to consumers who appreciate a touch of European sophistication.
MG Motor in numbers (2023)
Sales – 48,866 units (up 21.05% y/y)
Revenue – INR 500+ crore
Employees – 3,000+
