India is one of the largest automobile industry in the world, with a production of over 26 million vehicles in 2022. The industry is expected to grow at a CAGR of 10% over the next five years. The Indian government is supporting the growth of the automobile industry through various initiatives, such as the Make in India program and the National Electric Mobility Mission Plan 2020.
Top 10 Leading Automobile Companies in India
The following are the top 10 leading automobile companies in India, based on their market share in 2022:
- Maruti Suzuki India (41.6%)
- Hyundai Motor India (14.9%)
- Tata Motors (12.3%)
- Mahindra & Mahindra (11.4%)
- Toyota Kirloskar Motor (6.1%)
- Honda Cars India (5.9%)
- Kia Motors India (5.3%)
- Skoda Auto India (1.7%)
- MG Motor India (1.6%)
- Renault India (1.5%)
#1.Maruti Suzuki India
With a commanding market share of over 41.6%, Maruti Suzuki is the undisputed leader in India’s automobile industry. Maruti Suzuki’s extensive product lineup includes a diverse range of passenger vehicles, such as Hybrid cars, SUVs, and vans, catering to the diverse needs and preferences of the Indian consumer. The company’s most sought-after models include the Grand Vitara, Jimny, Fronx, Alto, Swift, Dzire, WagonR, and Ertiga, each known for its exceptional performance, reliability, and style.
#2.Hyundai Motor India
Hyundai Motor India is the second-largest automobile company in India, with a market share of over 14.9%. Hyundai Motor India produces many passenger vehicles, including cars, SUVs, and MPVs. The company’s most popular models include the Grand i10, Alcazar, Creta, Venue, Exter, and Verna.
#3.Tata Motors
Tata Motors is the third-largest automobile company in India, with a market share of over 12.3%. Tata Motors produces many vehicles, including passenger cars, SUVs, commercial vehicles, and construction equipment. The company’s most popular models include the Nexon, Harrier, and Safari.
#4.Mahindra & Mahindra
Mahindra & Mahindra, the fourth-largest automotive firm in India, holds a market share of more than 11.4%. M&M manufactures a diverse selection of vehicles, encompassing passenger cars, SUVs, Electrical Cars, commercial vehicles, and agricultural machinery. Noteworthy models from the company include the XUV 400, Scorpio, Bolero, XUV500, and Thar.
#5.Toyota Kirloskar Motor
In India, Toyota Motor Corporation is the fifth-largest automotive company and has a market dominance of more than 6.1%. Toyota Motor Corporation specializes in producing various types of passenger vehicles, encompassing cars, SUVs, and MPVs. Among the highly sought-after models manufactured by the company are the Hyryder, Glanza, Fortuner, and Innova Crysta.
#6.Honda Cars India
In India, Honda Cars is the sixth-largest automotive company and has a market dominance of more than 5.9%. Honda Cars specializes in producing various types of passenger vehicles, encompassing cars, SUVs, and Sedans. Among the highly sought-after models manufactured by the company are the Honda City, Amaze and Elevate.
#7.Kia Motors India
Kia Motors is the seventh-largest automotive company in India and has a market dominance of more than 5.3%. Kia Motors specializes in producing various types of passenger vehicles, encompassing cars, SUVs, and MPV. Among the highly sought-after models manufactured by the company are the Kia Seltos, Carens, Sonet and Carnival.
#8.Skoda Auto India
Skoda Auto is the eighth automotive company in India and has a market dominance of more than 1.7%. Kia Motors specializes in producing various types of passenger vehicles, encompassing cars, SUVs, and Sedans. Among the highly sought-after models manufactured by the company are the Skoda Kushaq, Slavia, and Kodiaq.
#9.MG Motor India
MG Motors is the nineth automotive company in India and has a market dominance of more than 1.6%. MG Motors specializes in producing various types of Electric Vehicles, passenger vehicles, encompassing cars, SUVs, and MPV. Among the highly sought-after models manufactured by the company are the MG Hector, Astor, ZS EV and Gloster.
#10.Renault India
Renault is the tenth automotive company in India and has a market dominance of more than 1.5%. Kia Motors specializes in producing various types of passenger vehicles, encompassing cars, SUVs, and Sedans. Among the highly sought-after models manufactured by the company are the Renault Duster, Kiger, Triber and Kwid.
Manufacturing Units of the Leading Automobile Companies in India
| Company | Manufacturing Units | Location |
|---|---|---|
| Maruti Suzuki India | Gurgaon, Manesar, and Mehsana | Haryana |
| Hyundai Motor India | Sriperumbudur and Chennai | Tamil Nadu |
| Tata Motors | Pune, Ranjangaon, and Jamshedpur | Maharashtra, Jharkhand |
| Mahindra & Mahindra | Nashik, Pune, and Chakan | Maharashtra |
| Kia Motors India | Penukonda | Andhra Pradesh |
| Toyota Kirloskar Motor | Bidadi | Karnataka |
| Honda Cars India | Greater Noida | Uttar Pradesh |
| Skoda Auto India | Aurangabad | Maharashtra |
| MG Motor India | Halol | Gujarat |
| Renault India | Chennai | Tamil Nadu |
