Top 10 Automobile Companies in India
1. TATA Motors
Tata Motors is the largest automobile company of Asia headquartered in Mumbai, India. Annual Projected revenue for 2010-11 is US$ 27.629 billion. It also occupies the number one position in commercial car segment. Tata Motors enjoys 31.2% of market share in the multi-utility vehicles, which in luxury car segment, it has 6.4% market share. Most of the Tata Motors vehicles are sold predominantly in India and over 4 million vehicles have been produced domestically within India.
2. Maruti Suzuki India Limited (MSIL)
Maruti Suzuki India is an undisputed leader in the Indian automobile industry. Started its journey in February 1981 as Maurti Udyog Limited, the company created history in the Indian automobile market with its hugely popular four-wheeler model Maruti 800. The company became the first Indian automobile company to manufacture one million vehicles in 1994. The company became Maruti Suzuki India Limited on September 17, 2007.
Maruti's average revenue for the year ending 2010-11 is US$7.13 billion. Maruti sold 83,306 units of vehicles in September 2009, comparing to 71,000 units in the same month in the previous year (with a growth rate of 17.3%). It also exported 11,712 units during September 2009, comparing to 6,318 units in the same month in the previous year (with a growth rate of 85.4%).
3. Hyundai Motor India (HMIL)
Hyundai Motor India Limited, founded in 1998 and a subsidiary of Korean auto giant Hyundai Motor Company, is the second largest car manufacturer in India. It is also country's largest passenger car exporter. Hyundai Motor came very close to the hearts of the Indian auto lovers through its flagship model Santro.
After the recession, Hyundai Motor saw a growth rate of 25% in the domestic market. During September 2009, HMIL sold 53,804 units, comparing to 46,218 units during September 2008. In the domestic market, it sold 27,803 units in September 2009, comparing to 22,311 during September 2008. The overseas sales during the same period also grew up 9% as it sold 26,001 units in September 2009, comparing to 23,907 units during the same month in the previous year.
4. Mahindra & Mahindra Limited (M&M)
Mahindra & Mahindra Limited is another auto-giant in India. A part of the Mahindra Group, M&M is the largest SUV maker in the country. In September 2009, M&M registered a domestic sale of record 26,921 units, comparing to 22,729 units in September 2008 (with an increase of 18.4%). On the other hand, it sold 15,296 units of UV in the same period comparing to 10,641 units in September 2008 (with a whooping growth of 43.7%).
5. General Motors India Private Limited (GM India)
General Motors India Private Limited is another top player in Indian automobile industry. A wholly-owned subsidiary of the auto giant General Motors, GM India saw a Y-o-Y sales growth of 49% in September 2009 with a sale of 7,654 units, comparing to 5,154 units in September 2008.