Top 5 Automobile Companies in India.
- Transportation
Automotive is one of the most vital sectors of the Indian economy, and it serves as a barometer for the country's current situation to a large extent. The manufacture of transportation equipment represents 10 to 12 percent of India's manufacturing sector's gross value added (GVA). Any deterioration in that area has a considerable negative impact on India's economic performance.
Several major players from across the world are present in the Indian automobile industry. Who are the front-runners in the race? Let's have a look.
Tata Motors is one of India's and the world's largest automobile companies, delivering mobility solutions to over 175 countries. A diverse range of automobiles, utility vehicles, lorries, and buses are included in the portfolio. The company has 134 subsidiaries, affiliated firms, and joint ventures around the world, including Jaguar Land Rover in the United Kingdom and Tata Daewoo in South Korea. TML offers a wide range of automotive goods, including sub-one-tonne to 49-tonne GVW trucks, small, medium, and large buses and coaches, and passenger cars.
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In India, it is the market leader in the passenger vehicle segment. The business was founded in 1981. In 1982, the Government of India and Suzuki Motor Corporation (SMC) of Japan inked a joint venture agreement. In 2002, the company became a subsidiary of SMC. The Company operates two cutting-edge manufacturing facilities in Haryana, one in Gurugram and the other in Manesar, with a combined annual production capacity of 1.58 million units.
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The Mahindra Group's flagship company, Mahindra & Mahindra Ltd., is a provider of mobility products and farm solutions. It is one of India's most well-known automobile manufacturers. The company has evolved fast since assembling the first automobile in 1947. The company now offers a diverse range of products and services, including SUVs, pickup trucks, commercial vehicles, tractors, two-wheelers, and construction equipment. It is one of India's most well-known vehicle manufacturers.
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Hero MotoCorp Ltd
In terms of unit volume sales in a calendar year, Honda was named the world's largest two-wheeler manufacturer in 2001, and it has held that distinction for the past 18 years. It continues to support socio-economic advancement and empowerment through its range of products and services, with over 90 million satisfied clients around the world. When it began operations at its manufacturing facility in Colombia in 2016, it became the first Indian two-wheeler business to establish a manufacturing base in Latin America. The firm is a subsidiary of the Hero Group.
(Image: https://en.wikipedia.org/)
Bajaj Auto is the world's third-largest motorcycle manufacturer and the largest manufacturer of three-wheelers, with operations in over 70 countries. Its reach extends across a wide number of industries, including autos (two-wheelers manufacturer and three-wheelers manufacturer). The firm is a subsidiary of the Bajaj Group. In Latin America, Africa, the Middle East, South Asia, and Southeast Asia, the Bajaj brand is well-known.
(Image: https://en.wikipedia.org/)