Automobile Industry in India and Top companies

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.