1.

Industry Overview

Introduction of Automobile Industry

 The automobile industry in INDIA is fourth largest in the world as per 2021 statistics.
 India’s annual production of automobiles in Financial Year 2022 was 22.93 million
vehicles.
 The Indian automobile industry includes two-wheelers, trucks, cars, buses and three-
wheelers which play a crucial role in growth of the Indian economy. India has emerged as
Asia’s fourth largest exporter of automobiles, behind Japan, South Korea and Thailand.
The country is expected to top the world in car volumes with approximately 611 million
vehicles on nation’s roads by 2050.
 The Economic progress of this is indicated by the amount of goods and services produced
which give the capacity for transportation and boost the sale of vehicles. There is a huge
increase in automobile production with a catalyst effect by indirectly increasing the
demand for a number of raw materials like steel, rubber, plastics, glass, paint, electronics
and services.

Market share
Characteristi Market
Three-wheelers Commercial vehicles c share
Passenger vehicles Two-wheelers
Three-
1.20%
1%
3% wheelers
Commercial
15% 3.10%
vehicles
Passenger
14.60%
vehicles
81.20%
Two-wheelers

81%
Major players
 1. Ashok Leyland Ltd.
Ashok Leyland Ltd is a leading Indian Automobile manufacturing company. It is located in
Chennai, India. It was founded in the year 1948. The top automobile company is a leading
manufacturer of trucks and buses. It also makes engines for Industrial and marine
applications as well as spare parts. The company is a leading marketer of medium to heavy
vehicles. It is a leader in the bus industry.

2. Bajaj Auto Ltd.

The two and three-wheeler manufacturing company, Bajaj Auto Limited is among the top 10
automobile companies in India. It is part of the Bajaj Group. The group was started by Jamnalal
Bajaj in year 1940s. The company was started by selling imported two or three-wheelers. In the
year 1960, it became a public ltd company. It sells auto-rickshaws, scooters, and motorcycles.
The company has plants in different Indian locations includes Waluk, Pantnagar, Chakan, etc. It
is headquartered in Pune. A few of the new releases of Bajaj Auto Limited are as follows-

 Bajaj 150 Scooters

 Bajaj Chetak
 Bajaj IntraCity
 Bajaj KTM
 Kawasaki Bajaj 4S Champion
 Bajaj Platina and lots more

3. Force Motors Ltd.

Force Motors Ltd is the flagship company of Dr. Abhay Firodia Group. The company is
majorly focusing on the automotive domain. From 1958 until 2005 the company was known
as Bajaj Tempo Motors because it originated as a joint venture between Bachraj Trading
Ltd. and Germany’s Tempo. The company is among the top 10 automobile companies in
India.

4. Hero MotoCorp Ltd.

The company is a top scooter & motorcycle Manufacturer based out in Delhi, India. It is
among the leading and top 10 automobile companies in India. The name of the company
was previously Hero Honda Motors Ltd. Then it was renamed Hero MotoCorp Limited on
29 July 2011. It is headquartered in Gurgaon, India. The company is in the business of two-
wheeler manufacturing. The company is offering a huge range of two-wheelers in different
styles and patterns. Its popular two-wheeler versions are Pleasure, Maestro, Splendor,
Passion, Karizma, etc. The company was started by Raman Kant Munjal Foundation in the
year in the year 1992

5. Hyundai Motor India Ltd.

Hyundai Motor India Ltd is a wholly-owned subsidiary of Hyundai Motor

Company. HMIL is the second largest car manufacturer and number one car exporter since
its inception in India. The company was formed in the year 1996 and is headquartered in
Chennai, Tamil Nadu. It currently has nine car models across segments – SANTRO,
GRAND i10, GRAND i10 NIOS, ELITE i20, AURA, XCENT, VERNA, ELANTRA,
VENUE, CRETA, TUCSON, and KONA Electric. The company exports to around 88
countries across Africa, Middle East, Latin America, Australia, and the Asia Pacific. 

6. Mahindra & Mahindra Ltd.

It is one of the top 10 automobile companies in India. It was founded in the year 1945 in
Ludhiana. The company is a part of the Indian Leading business group, Mahindra. It is
the largest tractor manufacturer in India. Mahindra & Mahindra is India’s top SUV
manufacturing company that produces two-wheelers, bus, pickup, tempo, trucks, and
commercial vehicles. Its top products include Mahindra Scorpio, Bolero, XUV 500,
XYLO, etc.

7. Maruti Suzuki India Ltd.

The company is a subsidiary of Japanese automobile and motorcycle manufacturer,
Suzuki Motor Corporation. The company is headquartered in New Delhi. The company is
offering various popular car models. The popular car model alto is from Maruti Suzuki.
The company is one of the oldest companies that having expertise in the field of
production of cars. 

8. Tata Motors Ltd.

It is a leading Indian automobile MNC company. The company is headquartered in
Mumbai. The Company manufactures a range of Tata-branded utility vehicles, including
the Sumo and the Safari (SUVs), the Xenon XT (lifestyle pickup), the Tata Aria
(crossover), and the Venture (multipurpose utility vehicle). It is also a leading
manufacturer of trucks and buses. It is one of the top 10 automobile companies in India.
The Company operates in over 160 countries across the world.

9. Toyota Kirloskar Motors Pvt Ltd.

Toyota Kirloskar Motors Pvt Ltd was established in the year 1997 as a joint venture
between the Kirloskar Group and the Toyota Motor Corporation. The company has
grown rapidly to emerge as a significant player in India’s passenger car and MUV market
segments. The company is headquartered in Bidadi, Bangalore, Karnataka. Toyota
Kirloskar Motor Pvt Ltd is a subsidiary of Toyota Motor Corporation of Japan.

10. TVS Motor Company Ltd.

TVS Motor Company is a leading two-wheeler manufacturing company. Its export
business is spreading over 60 countries. It has won many awards. It has a huge
production capacity with plants located in Hosur, Mysore, Nalagarh, and Indonesia. The
company is engaged in the manufacturing of motorcycles, scooters, mopeds, three-
wheelers, parts, and accessories. The company is among the top 10 automobile
companies in India.