Automobile Industry
Automobile Industry as a wide scope of organizations and associations engaged with the structure advancement fabricating showcasing and selling of Motor Vehicles. Automakers it is one of the world’s biggest monetary divisions by income.
the car business does exclude ventures devoted to the support of autos following conveyance to the end-client, for example, car fix shops and engine fuel filling stations .the word car was from Greek auto sand Latin thought process is to allude to any type of self-controlled vehicle this term as proposed by Elmer Sperry originally came into utilization regarding cars in 1898.
In India, the automobile industry manufactures more than 20 million vehicles. India occupies a strong position on the international heavy vehicle scene as it is the largest manufacturer of tractors, the second bus manufacturer and the third heavy truck manufacturer in the world.
The sale of passenger cars increased by 2.7%, two-wheelers by 4.86%, and three-wheelers by 10.27% during the period 2018-2019, namely 2017-2018. In April-March 2019, overall automobile exports increased by 14.5%. The commercial vehicle segment as a whole recorded growth of 17.6% in April-March 2019.
| Automotive industry | 7.1% |
| Share in India’s GDP | 35 mn |
| Employment | 40% |
| Share in R&D | 4.3% |
Top Automobile Companies in India
1 .Tata Motors Ltd
Revenue: US$44 billion, 2019
CEO: Guenter Butschek
Parent org: Tata Group
Headquarters: Mumbai
Founder: J. R. D. Tata
Employees: 82,797
2. Maruti Suzuki India Ltd
Revenue: US$13 billion, 2019
Parent organization: Suzuki
CEO: Kenichi Ayukawa (1 Apr 2013–)
Founder: Government of India
Founded: 1982, Gurugram
Headquarters: New Delhi
Employees: 33,180
3. Mahindra & Mahindra Ltd
Revenue: US$15 billion, 2019
Employees: 42,875
Parent organization: Mahindra Group
CEO: Anand Mahindra (Apr 1997–)
Founded: 2 October 1945, Ludhiana
Subsidiaries: Mahindra & Mahindra Financial Services Limited, MORE
Founders: Malik Ghulam Muhammad, Jagdish Chandra Mahindra, Kailash Chandra Mahindra
4. Hero MotoCorp Ltd
Revenue: US$5.0 billion
Market Cap: Rs 57,180 Cr
Employees: 8,551
Founder: Brijmohan Lall Munjal
Founded: 19 January 1984, Dharuhera
Headquarters: New Delhi
Owner: Brijmohan Lall Munjal (39.92%)
Subsidiaries: Hero Future Energies Limited, MORE
5. Bajaj Auto Ltd
Revenue: US$4.6 billion
Employees: 8,064
Parent organization: Bajaj Group
CEO: Rajiv Bajaj (Apr 2005–)
Founder: Jamnalal Bajaj
Headquarters: Pune
6. Ashok Leyland Ltd
Revenue: US$3.1 billion, 2016
Employees: 11,966
Parent organization: Hinduja Group
CEO: Vipin Sondhi (12 Dec 2019–)
Headquarters: Chennai
Founder: Raghunandan Saran
Founded: 7 September 1948
Subsidiaries: Optare, Hinduja Foundries
7. TVS Motor Company Ltd
Revenue: 150 crores USD
Employees: 5121
CEO: K. N. Radhakrishnan (Aug 2008–)
Headquarters: Chennai
Founder: T. V. Sundaram Iyengar
Parent organization: Sundaram – Clayton Limited
Subsidiaries: TVS Motor Services Limited
8. Eicher motors ltd
Revenue: US$1.3 billion
CEO: Siddhartha Lal (1 May 2006–)
Headquarters: New Delhi
Founder: Vikram Lal
Subsidiaries: Royal Enfield, VE Commercial Vehicles
Reason for Automobile industry slowdown are mainly:
1. Insurance Policies -; keep changing of insurance policies, the new policy mandates every new automobile to have an insurance cover for straight three years.
2. Fuel prices are high, and the prices of automobiles have gone up.
3. Increasing Electric Vehicles
4. Higher tax, Higher and non-standard road taxes.