Top 10 Automobile Companies in India by Market Cap

Automotive companies play an important role in the global automotive industry. They play an important role in the development, manufacture, and marketing of automobiles. The global auto industry is estimated to be worth trillions of dollars and is home to some of the largest and most influential companies. In this post, we will explore the Indian automobile companies, their types, manufacturing processes, innovations, marketing strategies, and financing strategies.

The Indian automobile industry is one of the largest and fastest-growing industries in the world. It plays an important role in the country's economy and provides employment to a large number of people. This industry covers a wide range from small start-ups to well-established multinational corporations.

Top 10 Automobile Companies List by Market Capitalisation

India's automobile industry has grown very rapidly in the last few decades and established itself as a global manufacturing hub. With a huge consumer market and a growing middle class, the country has become an attractive destination for both domestic and international automakers. In this article, we will learn about the top 10 automobile companies in India, highlighting their achievements, product lineup, and market presence.

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1. Maruti Suzuki India Ltd

• Market Cap: ₹ 403,856.39 Cr.
• Sales (latest quarter): ₹ 38471.2 Cr.
• Net Profit (latest quarter): ₹ 3952.3 Cr.
• Quarterly profit growth: 47.05 %
• Exchange: BSE, NSE
• Official Website: marutisuzuki.com

Maruti Suzuki India Ltd, founded in 1981 as a joint venture between the Government of India and Suzuki Motor Corporation of Japan, revolutionized the Indian automobile industry by making cars affordable for the average Indian consumer. The company launched its first car, the Maruti 800, in 1983, which became an iconic model symbolizing affordable personal mobility. Over the decades, Maruti Suzuki has grown to become India's largest car manufacturer, dominating the market with a diverse range of vehicles. In the current market scenario, Maruti Suzuki continues to lead with a significant market share, offering an extensive product portfolio that includes hatchbacks, sedans, SUVs, and MPVs. Popular models such as the Alto, Swift, Baleno, Dzire, Vitara Brezza, and Ertiga cater to a wide array of customer preferences and budgets. The company's strong emphasis on quality, fuel efficiency, and customer satisfaction has earned it a loyal customer base. Maruti Suzuki's extensive dealership and service network across India further bolster its market position. Additionally, the company is investing in new technologies and green mobility solutions, including hybrid and electric vehicles, to meet evolving consumer demands and regulatory requirements. Maruti Suzuki remains a pivotal player in shaping India's automotive landscape through continuous innovation and commitment to excellence.

2. Tata Motors Ltd

• Market Cap: ₹ 364,189.86 Cr.
• Sales (latest quarter): ₹ 119986.31 Cr.
• Net Profit (latest quarter): ₹ 17528.59 Cr.
• Quarterly profit growth: 213.8 %
• Exchange: BSE, NSE
• Official Website: tatamotors.com

Tata Motors Ltd, a flagship company of the Tata Group, was founded in 1945 and initially manufactured locomotives. It entered the commercial vehicle sector in 1954 through a collaboration with Daimler-Benz and subsequently became a major player in the automotive industry. Over the decades, Tata Motors expanded its product range to include passenger vehicles, commercial vehicles, and defense solutions. The acquisition of Jaguar Land Rover (JLR) in 2008 significantly enhanced its global footprint and technological capabilities. In the current market scenario, Tata Motors is a leading automobile manufacturer in India, known for its diverse range of vehicles including hatchbacks, sedans, SUVs, trucks, and buses. Popular models like the Tata Tiago, Nexon, Harrier, and the electric Tata Nexon EV cater to a wide spectrum of consumers. The company's commercial vehicle segment continues to dominate the Indian market with robust and reliable products. Tata Motors is also a pioneer in electric vehicles (EVs) in India, focusing on sustainable and eco-friendly mobility solutions. With a strong emphasis on innovation, safety, and customer satisfaction, Tata Motors leverages its extensive R&D capabilities and global partnerships to maintain a competitive edge. The company remains committed to driving growth and transformation in the automotive industry through cutting-edge technology and strategic initiatives.

3. Mahindra & Mahindra Ltd

• Market Cap: ₹ 364,179.85 Cr.
• Sales (latest quarter): ₹ 35451.73 Cr.
• Net Profit (latest quarter): ₹ 3124.94 Cr.
• Quarterly profit growth: 5.37 %
• Exchange: BSE, NSE
• Official Website: mahindra.com

Mahindra & Mahindra Ltd, founded in 1945 as Mahindra & Mohammed before being renamed in 1948, began as a steel trading company in Ludhiana, India. It quickly diversified into assembling Willys Jeeps in India and grew to become a leading player in the automotive and agricultural sectors. Over the years, Mahindra expanded its operations globally and ventured into various industries including IT, finance, and hospitality. In the current market scenario, Mahindra & Mahindra is a major force in the Indian automobile industry, known for its robust range of SUVs, commercial vehicles, and tractors. Popular models like the Mahindra Thar, Scorpio, XUV500, and Bolero have established a strong presence in the market, while the company's tractors lead in the agricultural sector. Mahindra's automotive division also focuses on electric vehicles, with the e-Verito and e2o Plus marking its entry into sustainable mobility. Beyond automobiles, Mahindra & Mahindra has a significant footprint in agribusiness, providing innovative farming solutions. The company's emphasis on innovation, customer satisfaction, and sustainability drives its growth, supported by extensive R&D and global collaborations. Mahindra & Mahindra continues to leverage its diversified portfolio and strong brand reputation to maintain a competitive edge in both domestic and international markets.

4. Bajaj Auto Ltd

• Market Cap: ₹ 278,111.89 Cr.
• Sales (latest quarter): ₹ 11554.95 Cr.
• Net Profit (latest quarter): ₹ 2011.43 Cr.
• Quarterly profit growth: 17.99 %
• Exchange: BSE, NSE
• Official Website: bajajauto.com

Bajaj Auto Ltd, founded in 1945 by Jamnalal Bajaj, initially began as a trading company importing two- and three-wheelers in India. It transitioned to manufacturing in 1959 and became a leading player in the Indian two-wheeler and three-wheeler markets. Over the decades, Bajaj Auto has established itself as a global brand known for its innovation, quality, and affordability. In the current market scenario, Bajaj Auto is one of the largest and most respected manufacturers of motorcycles, scooters, and auto-rickshaws. The company's diverse product range includes popular motorcycle models such as the Pulsar, Dominar, Avenger, and Platina, catering to various segments from entry-level commuters to high-performance enthusiasts. Bajaj's three-wheelers are widely used for passenger and cargo transport, known for their reliability and efficiency. The company has also made significant strides in electric mobility with the launch of the Chetak electric scooter. Bajaj Auto's strong focus on exports has made it a prominent player in international markets, with a significant presence in Latin America, Africa, and South Asia. Committed to innovation and sustainability, Bajaj Auto continues to expand its product offerings and enhance its technological capabilities, maintaining a competitive edge in the dynamic automotive industry.

5. Eicher Motors Ltd

• Market Cap: ₹ 135,226.93 Cr.
• Sales (latest quarter): ₹ 4256.04 Cr.
• Net Profit (latest quarter): ₹ 1070.45 Cr.
• Quarterly profit growth: 18.21 %
• Exchange: BSE, NSE
• Official Website: eicher.in

Eicher Motors Ltd, founded in 1948, began as a tractor manufacturer and gradually diversified into commercial vehicles and motorcycles. Headquartered in Gurugram, India, Eicher Motors has a rich legacy of innovation and quality. A significant milestone was the acquisition of a stake in Royal Enfield in 1990, which revitalized the iconic motorcycle brand. Over the decades, Eicher Motors has expanded its product range and market presence both domestically and internationally. In the current market scenario, Eicher Motors is known for its leadership in the mid-size motorcycle segment through Royal Enfield, offering popular models like the Classic, Bullet, and Interceptor that enjoy a cult following worldwide. The company's commercial vehicle division, in collaboration with Volvo through the VE Commercial Vehicles (VECV) joint venture, produces a wide range of trucks and buses known for their reliability and efficiency. Eicher's product portfolio includes motorcycles, light and heavy commercial vehicles, and electric vehicles, reflecting its commitment to innovation and sustainability. Eicher Motors continues to leverage its strong brand heritage, extensive R&D capabilities, and strategic partnerships to drive growth and meet the evolving demands of customers in the automotive and commercial vehicle markets.

6. TVS Motor Company Ltd

• Market Cap: ₹ 118,957.91 Cr.
• Sales (latest quarter): ₹ 10042.47 Cr.
• Net Profit (latest quarter): ₹ 411.53 Cr.
• Quarterly profit growth: 15.29 %
• Exchange: BSE, NSE
• Official Website: tvsmotor.com

TVS Motor Company Ltd, a part of the TVS Group, was founded in 1978 and has grown to become one of India's largest two-wheeler manufacturers. Initially focused on the production of mopeds, TVS expanded its range to include motorcycles, scooters, and three-wheelers. The company's commitment to innovation and quality has earned it a strong reputation and numerous awards over the years. Headquartered in Chennai, TVS Motor Company has a significant presence both in India and in international markets across Asia, Africa, and Latin America. In the current market scenario, TVS Motor Company is known for its diverse and robust product portfolio, which includes popular models like the TVS Apache, TVS Jupiter, TVS Ntorq, and TVS XL100. These vehicles cater to a wide range of customers, from entry-level commuters to performance enthusiasts. TVS also emphasizes sustainable mobility, as seen in its electric scooter, the TVS iQube. The company’s extensive dealership network, strong focus on customer satisfaction, and continuous R&D efforts ensure it stays competitive in the dynamic automotive market. TVS Motor Company's blend of innovation, reliability, and market responsiveness keeps it at the forefront of the two-wheeler industry, driving growth and expanding its global footprint.

7. Hero MotoCorp Ltd

• Market Cap: ₹ 116,044.01 Cr.
• Sales (latest quarter): ₹ 9616.68 Cr.
• Net Profit (latest quarter): ₹ 943.46 Cr.
• Quarterly profit growth: 16.13 %
• Exchange: BSE, NSE
• Official Website: heromotocorp.com

Hero MotoCorp Ltd, established in 1984 as Hero Honda Motors Ltd, began as a joint venture between the Hero Group of India and Honda Motor Company of Japan. Initially focusing on manufacturing motorcycles and scooters, the company quickly became a market leader due to its affordable and fuel-efficient products. In 2010, the joint venture ended, and the company was rebranded as Hero MotoCorp Ltd. Headquartered in New Delhi, Hero MotoCorp has since continued its legacy of innovation and market dominance. In the current market scenario, Hero MotoCorp is the world’s largest two-wheeler manufacturer by volume, offering a wide range of motorcycles and scooters. Popular models include the Splendor, HF Deluxe, Passion, and Glamour in the motorcycle segment, and the Maestro and Pleasure in the scooter segment. The company has a robust presence in rural and urban markets across India and is expanding its global footprint in countries across Asia, Africa, and South America. Hero MotoCorp is also investing in sustainable mobility solutions, with electric vehicles like the Hero Electric range. The company’s extensive R&D capabilities, coupled with a vast dealership and service network, ensure it remains at the forefront of the two-wheeler industry, continuing to drive growth and innovation.

8. Ashok Leyland Ltd

• Market Cap: ₹ 70,427.27 Cr.
• Sales (latest quarter): ₹ 13577.58 Cr.
• Net Profit (latest quarter): ₹ 933.69 Cr.
• Quarterly profit growth: 23.99 %
• Exchange: BSE, NSE
• Official Website: ashokleyland.com

Ashok Leyland Ltd, established in 1948, is an Indian multinational automotive manufacturer headquartered in Chennai, Tamil Nadu. Initially set up in collaboration with British Leyland, the company has grown to become the second-largest commercial vehicle manufacturer in India and the fourth-largest bus manufacturer worldwide. Over the decades, Ashok Leyland has played a pivotal role in India's transport sector, pioneering advancements in technology and expanding its product lineup. Currently, it operates under the Hinduja Group's ownership and maintains a robust market presence with a diverse range of products including trucks, buses, light vehicles, and defense vehicles. Its commitment to innovation is evident through its advancements in electric and alternative fuel vehicles, positioning itself as a key player in sustainable transportation solutions. The company offers comprehensive services such as vehicle financing, fleet management, and after-sales support, enhancing its customer-centric approach. In the current market scenario, Ashok Leyland is focusing on expanding its global footprint, increasing its production capabilities, and leveraging digital technologies to enhance operational efficiency. This strategic approach aims to solidify its leadership in the commercial vehicle sector while navigating the challenges of an evolving automotive landscape.

9. Escorts Kubota Ltd

• Market Cap: ₹ 47,426.96 Cr.
• Sales (latest quarter): ₹ 2093.53 Cr.
• Net Profit (latest quarter): ₹ 251.89 Cr.
• Quarterly profit growth: 16.37 %
• Exchange: BSE, NSE
• Official Website: escortsgroup.com

Escorts Kubota Ltd, established in 2008 as a joint venture between Escorts Limited, India, and Kubota Corporation, Japan, represents a significant collaboration in the agricultural machinery sector. Combining Escorts' extensive market presence in India with Kubota's global expertise in agricultural equipment, the company has rapidly expanded its footprint in the Indian market. Escorts Kubota specializes in manufacturing a wide range of agricultural machinery and equipment, including tractors, combine harvesters, rice transplanters, and various implements tailored to meet the diverse needs of Indian farmers. With a focus on innovation and technology, the company has introduced advanced features in its products, aiming to enhance productivity and efficiency in agriculture. In the current market scenario, Escorts Kubota has gained prominence as a trusted brand among Indian farmers, leveraging Kubota's technological prowess and Escorts' distribution network. The company continues expanding its product lineup and geographical reach, catering to domestic and international markets. Escorts Kubota also provides comprehensive after-sales support, including spare parts availability and service centers, ensuring a seamless customer experience. This strategic approach underscores its commitment to sustainable agriculture and reinforces its position as a key player in India's agricultural machinery industry.

10. Tata Motors-DVR

• Market Cap: ₹ 33,985.79 Cr.
• Sales (latest quarter): ₹ 7769.67 Cr.
• Net Profit (latest quarter): ₹ 1251.4 Cr.
• Quarterly profit growth: 372.94 %
• Exchange: BSE, NSE
• Official Website: tatamotors.com

Tata Motors-DVR (Differential Voting Rights), a subsidiary of Tata Motors Limited, was established to provide investors with an alternative class of shares offering differential voting rights. Historically, Tata Motors, India's largest automobile manufacturer, founded in 1945, has expanded globally through strategic acquisitions like Jaguar Land Rover, bolstering its presence in the passenger and commercial vehicle segments. Tata Motors-DVR shares were introduced in 2008 to enable the Tata Group to retain control while raising capital. In the current market scenario, Tata Motors-DVR continues to operate alongside Tata Motors, offering a range of vehicles including cars, utility vehicles, trucks, buses, and defense vehicles. The company emphasizes innovation in electric and sustainable vehicles, reflecting its commitment to environmental responsibility and future mobility solutions. Tata Motors-DVR also provides comprehensive services such as vehicle financing, maintenance, and fleet management, supporting a diverse domestic and international customer base. With a robust global presence and a focus on technological advancement, Tata Motors-DVR remains a pivotal player in the automotive industry. It is poised to navigate evolving market dynamics and maintain its leadership position in India and beyond.

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Conclusion

In conclusion, the automobile industry in India is vibrant and highly competitive. Many well-known companies have made significant contributions to the development of the industry. Maruti Suzuki, Mahindra & Mahindra, Tata Motors, Hero MotoCorp, and Bajaj Auto are some of the prominent players in the automobile sector. These companies are known for their innovative product offerings, focus on customer satisfaction, and contributing to the growth of the Indian economy.