Top 10 Automobile Companies in India
6. Hero MotoCorp Limited
In 2010, When Honda decided to move out of the joint venture, Hero Group bought the shares held by Honda. Subsequently, in August 2011 the company was renamed Hero MotoCorp with a new corporate identity.
Hero Honda Motors Limited, the joint venture between Hero Group and Honda, was the biggest two-wheeler manufacturers in the world. It shook the Indian two-wheeler market with its famous model Hero Honda Splendor, which became the largest selling motorcycle in the world. It consistently sold more than 1 million units of Splendors every year.
7. Bajaj Auto
Bajaj Auto is the second largest two-wheeler manufacturer in India. It is also the fourth largest two and three-wheeler maker in the world. In September 2009, Bajaj Auto sold 249,795 units of two-wheelers, comparing to 218,494 units in September 2008 (with a growth rate of 14.3%). During September 2009, it also registered a growth of 12.4% in the domestic two-wheeler sales and 19.9% in two-wheeler export.
8. Honda Cars India Limited
Honda Siel Cars India Limited, a joint venture between the Japanese auto giant Honda Motor Company Limited and the Indian company Siel Limited, started its operation in December 1995. In September 2009, HSCI sold 5,794 units, comparing to 3,104 units in September 2008 (with a growth rate of 86.7%).
9. Toyota Kirloskar Motor Private Limited (TKM)
Toyota Kirloskar Motor Private Limited is another top Indian automobile company. A joint venture between the Japanese auto giant Toyota Motor Corporation and Kirloskar Group, TKM has a number of car models including Innova, Corolla, Fortuner, Camry and the Land Cruiser Prado. It sold 7,657 units in December 2009..
10. Hindustan Motors
Hindustan Motors is another top automobile company in India. It was once country's largest car manufacturer before Maruti Udyog overpowered it. Its popular model 'Ambassador' has been extensively used as government limousine as well as taxi cab in India..