The automobile sector has grown over the years into a mature and well-established enterprise. Innovation and manufacturing of vehicles have supported the industry to grow into a successful one. Automobile companies have contributed significantly to developing the world’s economy by generating jobs paying lots of taxes and earning foreign exchange loads. Several automobile manufacturing companies in the world produce vehicles in a large quantity.
History of the automobile industry
Even though steam-powered road vehicles were designed earlier, the automotive industry’s origin is rooted in the gasoline engine’s evolution in the 1860s and ’70s, particularly in France and Germany. By the start of the 20th century, German and French manufacturers had been accompanied by British, Italian, and American makers.
How does the automobile industry work?
India became the fourth biggest auto market in the year 2019, with approximately 3.99 million units marketed in the passenger and commercial vehicle category. India is expected to replace Japan as the third-largest auto market by the year 2021.
The two-wheeler segment overlooks the market regarding volume due to a flourishing middle class and a young population. The automobile industry is maintained by several factors: the availability of skilled labour at a low cost, vital R&D centres, and low-cost steel production.
List of top Automobile Companies in India
|Tata Motors Ltd||Click here|
|Maruti Suzuki India Ltd.||Click here|
|Mahindra & Mahindra Ltd.||Click here|
|SML ISUZU Ltd.||Click here|
|Eicher Motors Ltd.||Click here|
|Force Motors Ltd.||Click here|
|Hero MotoCorp Ltd.||Click here|
- Established – 1911
- Employee strength – 20,000
Chevrolet is an American member of General Motors. The company has a collection of automobiles, trucks and commercial vehicles. The products it advances with its services, including oil changing, vehicle insurance, vehicle sales, vehicle financing and vehicle repairs.
2] Tata Motors Ltd.
- Established– 1945
- Employee strength -60,000
Tata Motors Asia’s largest and 17th largest automobile manufacturing company in the whole world.
The company’s products comprise buses, trucks, commercial, coaches, vehicles and cars. Tata Motors passenger cars division provides different types of cars including hatchback, sedan, SUV and MUV. The best selling models offered by Tata Motors include Sumo, Tiago, Indica, Safari, Zest, Nexon, Storme, Hexa and Bolt.
3] Maruti Suzuki India Ltd.
- Established – 1982
- Employee strength – 20,000
The unique winner of automobile manufacturers in India is Maruti Suzuki. It holds approximately 53% of the market share in the Indian passenger car market. The company holds three manufacturing plants in India. The best selling models offered by Maruti Suzuki are Swift Dzire, Suzuki Grand Vitara, Suzuki Vitara and Suzuki Alto, among others. Maruti Suzuki operates with the purpose to provide a car for each individual, family, need, budget and other factors. For this, it extends 15 brands and over 150 variants from Alto 800 to the Life Utility Vehicle Maruti Suzuki Ertiga.
4] Mahindra & Mahindra Ltd.
- Established– 1945
- Employee strength– 42,000
This company is known to be the world’s biggest tractor manufacturing company and India’s second-largest vehicle manufacturing company.
Mahindra & Mahindra lead the chart both in India and across the world. A part of the Mahindra Group is the largest SUV maker in India. The top flagship model of Mahindra includes Mahindra Bolero, Mahindra XUV500, Mahindra Scorpio, and Mahindra Thar.
5] SML ISUZU Ltd
- Employee strength– 1.06k
SML Isuzu Ltd. (SMLI) is a reliable commercial vehicle manufacturer. It has more than 33 Years of experience producing Light and Medium commercial vehicles to satisfy Indian customer needs. It is the primary company to manufacture and supply built Buses, Ambulances, as well as customized vehicles.
6] Eicher Motors Ltd.
- Established– 1948
- Employee strength-4899
Eicher Motors Limited (EML) is the parent of Royal Enfield, the leader in middleweight motorcycles. In addition to motorcycles, Eicher even has a joint venture with Sweden’s AB Volvo – Volvo Eicher Commercial Vehicles Limited, encouraging modernization in India’s industrial vehicle space and other developing countries.
7] Force Motors Ltd.
- Employee strength– 10,000
Force Motors was established with the goal to offer affordable commercial transport for the public by securing the best available technology and extending economic, reliable as well as efficient products. Today, its range includes Small Commercial Vehicles (SCV), Multi-Utility Vehicles (MUV), Special Utility Vehicles (SUV), Light Commercial Vehicles (LCV) and Agricultural Tractors.
8] Hero MotoCorp Ltd.
- Employee strength-8,599
World’s biggest two-wheeler manufacturer in the year 2001, in terms of unit volume sales in a year, and has secured the coveted title for the past 18 years. With more than 90 million satisfied customers worldwide, it proceeds to champion socio-economic progress as well as empowerment through its variety of products and services.