India is one of the most densely populated countries of the world and therefore it also belongs to the list of the largest car manufacturing countries of the world; it is in the fourth position if it is to be made specific. The top car manufacturers make and export a lot of cars every year. Passenger cars and the commercial vehicles are the two types which are mainly manufactured in India.
The annual sales of cars have reached the four million mark in the year 2015. Indians saw the first in the year 1897, and until the year 1930, India used to import cars in very small numbers. From 1940 and onwards, India stepped into the job car manufacturing and car importing wholeheartedly. Hindustan opened in the year 1942. Premier opened in the year 1944. GM and flat vehicles are mainly manufactured by these companies.
Mahindra and Mahindra are next to step into this business of car manufacturing and exporting in the year 1945. This company used to manufacture both utility vehicles and Jeep. When India got independence in the year 1947, these companies started to take automobile business very seriously. And from then onwards finished cars are barred from import so that more employment can be created inside the country. Given below are the top ten car companies in India.
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Checkout the list of Top 10 Best Car Companies in India in 2018
10. Force Motors Ltd.
The company was established in the year 1958. The company has headquarters in Pune with more than eight thousand employees working in this company. Some of the models of this company are very popular like Force One, Trump, Traveller, Trax and Balwan tractor.
9. Eicher Motors
The company was known to be established in the year 1948 and it mainly focuses on manufacturing commercial vehicles. This company is a joint venture between the Volvo group and the Eicher. This company has more than three thousand employees.
8. TVS Motor Company
This company is mainly popular for making motorcycles and scooters. This company was established in the year 1978, and the headquarters of this company is in Chennai. The company is known to manufacture the best cars in the country.
This is a South Korean car brand, and it became hugely popular in the Indian market. This company was established in the year 1967, and it became a very competitive player in the Indian automobile market. Some of the models of Hyundai are very popular like i10 and i20. The company has its headquarters in Seoul, South Korea.
6. Ashok Leyland
This company stands second in the list of the India’s largest commercial vehicle maker. This company was established in the year 1948, and it has its headquarters in Chennai. This company is a part of the Hinduja group and have around 30% of the share in the automobile market. Currently, there are over 15,000 employees working in this company.
5. Bajaj Auto Limited
This company is popular for making two-wheelers. The company was established in the year 1930 with Jamnalal Bajaj as the CEO of the company. The company is doing its business for over hundred years now, and it has more than eight thousand employees working in it, in total. In the year 2012, this company was added to the list of top 2000 companies by the Fortune Magazine. It is the second largest automobile industry in India.
4. Hero MotoCorp Ltd
This company mainly focuses on manufacturing scooters and motorcycles. The company was established in the year 1982, and it has its headquarters in Delhi. It had a joint venture between Hero Cycles of India and Honda of Japan. Honda ended the joint venture in the year 2010 and renamed itself as Hero MotoCorp in the year 2011.
3. Maruti Suzuki
It is one of the top companies in India. It was established in the year 1981 and holds 37% share of the of the automobile market. Every year this company comes up with new and innovative products that make the competitors go into defensive mode. Some of the popular car models of this company are Omni, Wagon E, Swift, SX4, DZire, and Zen.
2. Mahindra & Mahindra Ltd.
This company came into being in the year 1945 and it has its headquarters in Mumbai, India. They make all kinds of vehicles like commercial vehicles z trucks and two-wheelers as well. According to the Brand Trust Report, this company has always been in the top ten list of the most trusted car brand. This company is at the twenty-first place in the list of fortune five hundred companies. They have more than 34,000 employees currently working in their company.
1. Tata Motors
This company manufactures all kinds of vehicles like trucks, buses, vans, cars and military vehicles. This company came into existence in the year 1945 and has its headquarters in Mumbai, India. This company not manufactures vehicles in India but also in South Africa, Argentina, and UK. Recently they have acquired the Jaguar Land Rover company. Now they have a wide range of luxury cars to meet the needs of the rich. They have an employee base of more than 60,000 people in all.
India now has a huge base of automobile industry where you will find world class cars at very affordable prices. India is a country where the ratio of poor and rich are wide apart and by keeping that in mind, the manufacturers are making cars for all types of people; each and every automobile company in India, has a wide range of products, from the budget segment to the premium level, so that they can serve both the rich and the poor equally. Since a long time the companies have served both rich and the poor.
They provided luxury cars to the rich people and also commercial cars, scooters, and tractors for the poor mass. Premier and Hindustan ruled the automobile industry till 1980 and from then onwards many competitors started flowing in. To promote the industry of Indian vehicle, the government started Delhi Auto Expo in that year only. The purpose of Delhi Auto Expo is to promote the progress, innovation, and technology of this industry.