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BEST AUTOMOBILE SECTOR COMPANIES IN INDIA
An In-Depth Overview
of the Indian Automobile Sector
BY INDIA BRAND EQUITY FOUNDATION
An Overview Of The Indian Automobile Sector
The automobile industry in India is the fourthlargest by production in the world. Also, it has a strong presence in both domestic and multinational players. The industry has been growing rapidly over the past few decades, driven by factors such as rising income levels, favorable government policies, and the availability of skilled labor.
Maruti Suzuki Is The Largest Car Maker In India
One of the top automobile companies in India, Maruti Suzuki Limited was founded in 1981 as a joint venture between the Indian government and Suzuki Motor Corporation of Japan.
• It has a market share of over 50%
• It produces a wide range of cars including hatchbacks, sedans, SUVs, and compact crossovers
Hyundai Is The Second Largest Car Maker In India
Founded in 1996, Hyundai Motor India Ltd stands second in the list of Indian automobile companies. It is a whollyowned subsidiary of the Hyundai Motor Company headquartered in South Korea.
• Hyundai has a market share of 15% as of 2022
• First automotive company to export 10 lakh cars in just over a decade
The Big Jumps Of Tata Motors
Founded in 1945, Tata Motors is one of the leading automobile sector companies. It produces all kinds of vehicles including commercial, passenger, and personal.
• It entered the passenger car market in 1988
• In 2022, its market share is 14.36%
Mahindra & Mahindra Is Known For SUVs
Established in 1945, Mahindra & Mahindra traveled a long way to become one of the most trustworthy Indian automobile companies. It has a line of SUVs, MPVs, and pickup trucks.
• It was ranked 17th on a list of top companies in India by Fortune India 500 in 2018
• Its market share was 9.73% as of 2022
Toyota Is A Popular Choice For Family Vehicles
Founded in 1997, Toyota is now one of the top automobile companies in India. is an Indian joint venture between Toyota Motor Corporation (89%) and Kirloskar Group (11%), for the manufacture, and sales of Toyota cars in India.
• It launched its first car Qualis in 2000
• It occupies a large share of the MUV market in the Indian automobile industry
Honda Is Synonymous For Luxury Vehicles
Founded in 1995, Honda Cars India Limited is the leading automobile sector company in India. It is a joint venture called Honda Siel Cars India (HSCI). The company was renamed HCIL in September 2012.
• It became a 100 percent subsidiary of Honda Motor Co. Ltd in 2012
• Honda cars have won the maximum number of awards
Kia Is The Fastest Developing Automobile Brand
In India
Founded in 2017, Kia India Private Limited is a subsidiary of Kia for its operations in India. Kia is a relatively new brand in the automobile industry in India but it is growing faster than others.
• It launched its first product Kia Seltos in 2019
• It is producing several models with each model specifically developed for the Indian market
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