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Seeking Career : TOP 5 Automobile Companies in India

Automobile Engineering is the branch of engineering that deals with the designing, manufacturing or operating automobiles. It’s a segment of vehicle engineering that deals with motorcycles, trucks, buses and more. It includes electrical, mechanical, electronic, software and safety elements.

What is the scope for automobile engineering in India?

Since 1993, India was ranked second largest manufacturer of two wheelers, fifth in commercial vehicles and fifth in passenger cars (beating Thailand, one of the toughest competitor in this sector). In previous seven years ago, the volume in auto industry of the country grew up to 11.6 per cent making it one of the top contributors for GDP. 

Since 2010, India is home up to 40 million passenger vehicles. More than 3.7 million automotive vehicles were produced in India (they have increase approximate 33.9 per cent), making the country the second (after China) fastest growing automobile market in the world.

India has attracted many foreign giants such as Audi, BMW, Jaguar, Hyundai, Mercedes Benz, Ford, Fiat, Suzuki, Honda, Chevrolet (General Motors), Toyota, Lamborghini, and Eicher. Apart from TATA, Mahindra, Hero Moto corp who has good reputation even outside India. We are also one of the top exporters for automobiles and auto products just behind Japan or South Korea. India keeps on exploring for automobile field.  

1. TATA Motors Ltd

Tata Motors Group is the billion-dollar group with its primary base in India. It’s one of the largest and Top automobile companies in India with various segmentssuch as SUVs (sports utility vehicles), an extensive range of hatchbacks and luxury cars, pick-up and goods trucks, and defense manufacturing vehicles. The Company has stronger global network above 134 subsidiaries, associate companies and joint ventures, like the Jaguar Land Rover in the UK and the Tata Daewoo in South Korea. Tata Motors Ltd offers automotive products, ranging from sub-one-tonne to 49-tonne Gross Vehicle Weight (GVW) trucks, small, medium and large buses and coaches/passenger vehicles.

Tata Motors Ltd is the leader in India’s CV market with the market share approximate 45.1 percent and sales 4,68,788 vehicles in FY 2018 to 19 and has gained market share in the Medium and Heavy Commercial Vehicle (MHCV), Intermediate Light Commercial Vehicle (ILCV) and Small Commercial Vehicle (SCV) segments.

2. Maruti Suzuki India Ltd

The Company was established in 1981. The market leader in the passenger vehicle segment in India. A joint venture agreement was signed between the Government of India and Suzuki Motor Corporation (SMC), Japan in 1982. The Company became a subsidiary for Suzuki Motor Corporation in 2002. Maruti is the Second Largest Automobile Companies in India by the Revenue

In terms of production volume and sales, the Company is now SMC’s largest subsidiary. Suzuki Motor Corporation currently holds up to 56.21 percent of its equity stake. Maruti Suzuki largest car company in India based on Market share.

The Company has two state-of-the-art manufacturing facilities located in Gurugram and Manesar in Haryana, with combined annual production capacity up to 1.58 million units per year. The company ventured into the production for diesel cars and performed exceptionally well.

3. Bajaj Auto Ltd

Bajaj Auto is the world’s 3rd largest manufacturer for motorcycles and the largest manufacturer of three-wheelers, Present in over 70 nations; it is footprint stretches over a wide range of industries, spanning automobiles (two-wheelers manufacturer and three-wheelers manufacturer). The company is a part from Bajaj Group.

Bajaj Auto International Holdings BV is up to 100 percent Netherlands based subsidiary of Bajaj Auto Ltd. Over the years, through this subsidiary, Bajaj Auto has invested a total up to 198.1 million (H 1,219 crore) and holds above 48 percent stake in KTM AG of Austria (KTM), the fastest-growing motorcycle brand in the world.

4. Hyundai India

Hyundai India is arguably the best automobile companies in India. There is no matter, what car segment you look into, you will always find Hyundai on your top list. Whether you find SUV, Hatchback, Sedan, and Electric, you will find value for money models combined with technology, design, engineering, and comfort. The Hyundai Motor India registered sale of over up to 2.5 lakh SUVs whereas registered cumulative sale of 6, 35,413 Units in CY 21.

In SUV segment you will find, Hyundai Venue, Alcazar, Creta, and Tucson, in Sedan segment you have options including Verna, Aura, and Elantra. Furthermore if you are looking for a car fun to drive in city traffic there are many hatchback options like Santro – i20 N Line, new gen, Grand i10 Nios. But what for electric car lovers, do not worry, there is KONKA Electric from Hyundai.

5. SML ISUZU Ltd

Since 1985, SML Isuzu Ltd. (SMLI) is trusted and more reliable commercial vehicle manufacturer. It has over 33 Years of experience in producing Light and Medium commercial vehicles to meet Indian customer needs. SML Isuzu Ltd. (SMIL) is the first company to manufacture and supply state of the artfully built Buses, Ambulances, and customized vehicles. It’s the last in the list of top Automobile Companies in India Sumitomo Corporation, Japan and Isuzu Motors, Japan respectively hold approximate 44 percent and 15 percent shareholding in the Company.

Automobile Industry provides employment opportunities for the many people in the official, industrial and technical units apart from contributing to the country’s economy or development. The automobile companies in India are ranked based on the production quality, the number of units, market cap, turnover, equity values, and total assets.