Explore the top 10 automobile companies in India for 2024

India’s automobile industry has flourished since the 1990s, with key players like Tata Motors, Mahindra & Mahindra, and Maruti Suzuki dominating the market. Tata Motors, a flagship company of the Tata Group, gained prominence with its affordable vehicles and acquisitions like Jaguar Land Rover. Mahindra & Mahindra, known for its utility vehicles and tractors, expanded globally. Maruti Suzuki, a collaboration between Suzuki Motors and the Indian government, became synonymous with small cars and revolutionized the Indian automotive landscape. These companies have contributed significantly to India’s economic growth and technological advancements in the automobile sector.

Certainly,Here is a list of TOP 10 automobiles companies in India,2023

Picture Name Founders Founded In Valuation
Zepto
Aadit Palicha, Kaivalya V.
2020
$1.4 Billion
Physics Wallah
Alakh Pandey, Prateek Maheshwari
2014
$1.1 Billion
LeadSquared
Anand Kumar, Nilesh Patel, Prashant Singh, Sudhakar Gorti, Sukhbir Kalsi
2011
$1 Billion
ElasticRun
Sandeep Deshmukh, Saurabh Nigam, Shitiz Bansal
2016
$1.4 Billion
DealShare
Rajat Shikhar, Sankar Bora, Sourjyendu Medda, Vineet Rao
2018
$1.6 Billion
XpressBees
Amitava Saha, Supam Maheshwari
2015
$1.2 Billion
Open
Ajeesh Achuthan, Anish Achuthan, Deena Jacon, Mabel Chacko
2017
$1 Billion
Games24x7
Bhavin Pandya, Trivikraman Thampy
2006
$2.5 Billion
Darwinbox
Chaitanya Peddi, Jayant Paleti, Rohit Chennamaneni
2015
$1 Billion
Oxyzo
Asish Mohapatra, Bhuvan Gupta, Ruchi Kalra
2016
$1 Billion

1. Maruti Suzuki India Limited

Maruti Suzuki is one of the largest automobile manufacturers in India and has a significant market share in the passenger car segment.

Founded: 24 February 1981

Segment: Passenger Cars Commercial vehicles Automotive parts

Headquarter: Delhi

Revenue: ₹119,712 crore (US$15 billion)  in 2023

2. Hyundai Motor India Limited

Hyundai is another major player in the Indian automobile market, known for its range of passenger cars.

Founded: 6 May 1996

Segment: passenger car, Electric Vehicles

Headquarter: Gurugram

Revenue: ₹47,042.79 crore (US$5.9 billion) in 2022

3. Tata Motors Limited

Tata Motors is a leading automobile manufacturer in India, producing a wide range of vehicles including passenger cars, commercial vehicles, and utility vehicles.

Founded: 1945

Segment: Automobiles, Luxury vehicles, Commercial vehicles, Electric Vehicles

Headquarter: Mumbai

Revenue: ₹350,600.15 crore (US$44 billion) in 2023

4. Mahindra & Mahindra Limited

Mahindra & Mahindra is known for its production of utility vehicles, tractors, and commercial vehicles.

Founded: 2 October 1945

Segment: Automobiles, Commercial vehicles, Tractors, Motorcycles

Headquarter: Mumbai

Revenue: ₹122,475 crore (US$15 billion) in 2023

5. Hero MotoCorp Limited

Hero MotoCorp is the largest manufacturer of two-wheelers in India, producing motorcycles and scooters.

Founded : 19 January 1984

Segment: Motorcycles Scooters

Headquarter: Delhi

Revenue: ₹34,727.39 crore (US$4.3 billion) in 2023

6. Bajaj Auto Limited

Bajaj Auto is another major player in the two-wheeler segment, manufacturing motorcycles, scooters, and auto-rickshaws.

Founded : 29 November 1945

Segment: Motorcycles and Three-Wheeler Vehicles

Headquarter : Maharashtra

Revenue: ₹34,428 crore (US$4.3 billion) in 2022

7. Ashok Leyland

Ashok Leyland is a prominent manufacturer of commercial vehicles such as trucks and buses.

Founded: 7 September 1948

Segment: Commercial vehicles, Tractors.

Headquarter: Chennai

Revenue: ₹41,783 crore (US$5.2 billion) in 2023

8. Toyota Kirloskar Motor

Toyota is known for its range of passenger cars and SUVs in the Indian market.

Founded : 6 October 1997

Segment: Commercial, Passenger Vehicles.

Headquarter:  Karnataka

Revenue: ₹34,021 crore In 2023

9. Honda Cars India Limited

Honda manufactures a variety of passenger cars and two-wheelers in India.

Founded: 1995

Segment: Passenger Vehicles.

Headquarter: Uttar Pradesh

Revenue: ₹14,439.71 crore in 2023

10. Renault India Private Limited

Renault is known for its compact SUVs and other passenger vehicles in the Indian market.

Founded: October 2005

Segment: Passenger Vehicles.

Headquarter: Chennai

Revenue: Rs 8612.5 crore in 2023

These companies represent a significant portion of the Indian automobile industry, which continues to evolve with changing consumer preferences, government regulations, and technological advancements.