Top 10 Automobile Companies in India 2022

Here we can see the List of Top 10 Automobile Companies in India which are Listed based on Total Sales During the Year. Now take a look at the Automobile Industry in India.

The industry produced a total of 30,915,420 vehicles including passenger vehicles, commercial vehicles, three-wheelers, two-wheelers and quadricycles in FY 2019 as against 29,094,447 in FY 2018, registering a growth of 6.26 percent over the same period last year. Now Move on auto sector companies in India.

automotive industry in india
automotive industry in india

List of Top 10 Automobile Companies in India

Here is a list of top companies in the Automobile Industry. The rank list is based on the revenue of the company in the year 2019

1. Tata Motors Ltd

  • Revenue: Rs 296,917 Cr
  • Employees: 82,797
  • Promoter holding: 38.37 %

Tata Motors is one of the leading Automobile Companies in India and the world, providing mobility solutions to over 175 countries. The portfolio includes a wide range of cars, utility vehicles, trucks, and buses. The company is the largest automobile company in the list Top 10 Automobile Companies in India based on the Turnover

Market share

  • Passenger Vehicles: 6.3%
  • Commercial Vehicle: 45.1%

The Company has a strong global network of 134 subsidiaries, associate companies and joint ventures, including the Jaguar Land Rover in the UK and the Tata Daewoo in South Korea. TML offers automotive products, ranging from sub-one-tonne to 49-tonne Gross Vehicle Weight (GVW) trucks, small, medium, and large buses and coaches and passenger vehicles.

TML is the leader in India’s CV market with a market share of 45.1% and sales of 4,68,788 vehicles in FY 2018-19 and has gained market share in the Medium and Heavy Commercial Vehicle (MHCV), Intermediate Light Commercial Vehicle (ILCV) and Small Commercial Vehicle (SCV) segments.

Tata Motors is the largest Indian automobile companies. TML’s market share in the PV segment increased by 60bps to 6.3% in FY 2018-19. It is one of the best car company in India.

2. Maruti Suzuki India Ltd

  • Revenue: Rs 83,281 Cr
  • Employees: 33,180
  • Promoter holding: 56.21 %

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

Market share

  • Passenger Vehicles: 53 %

In terms of production volume and sales, the Company is now SMC’s largest subsidiary. SMC currently holds 56.21% 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 a combined annual production capacity of ~1.58 million units per annum.

3. Mahindra & Mahindra Ltd

  • Revenue: Rs 77,077 Cr
  • Market Cap: Rs 70,725 Cr.
  • Employees: 42,875
  • Promoter holding:18.90 %

Mahindra & Mahindra Ltd., a mobility products and farm solutions provider, is the flagship company of the Mahindra Group. It is one of the leading car company in India. Since assembling the first vehicle in 1947, The Company has grown rapidly. It is the Third Largest Automobile Companies in India by Total Sales.

Market share

  • CV: 25.3%
  • Passenger Vehicles: 7.4%
  • Tractor: 40.2%.
  • UV: 25%
  • LCV : 44.5%

Today, The Company offers a wide range of products and solutions ranging from SUVs to electric vehicles, pickups, commercial vehicles, tractors, two-wheelers, and construction equipment. It is one of the leading Indian automobile companies.

4. Hero MotoCorp Ltd

World’s largest two-wheeler manufacturer in 2001, in terms of unit volume sales in a calendar year, and has maintained the coveted title for the past 18 consecutive years. With over 90 million satisfied customers across the globe, it continues to champion socio-economic progress and empowerment through its range of products and services.

  • Revenue: Rs 32,871 Cr
  • Employees: 8,551
  • Promoter holding: 34.63 %
  • Market share: 36.0%

It became the only Indian two-wheeler company to set up a manufacturing base in Latin America when it started operations at its manufacturing facility in Colombia in 2016. The company is a part of Hero group.

Hero MotoCorp currently has an annual combined production capacity of around 9 million units of two-wheelers. The is the fourth largest automobile company among the Top 10 automobile manufacturing companies in India.

Led by Dr. Pawan Munjal, Chairman, Hero MotoCorp, it has taken rapid strides to expand its presence to 37 countries across Asia, Africa, and South & Central America. Hero MotoCorp is a truly global enterprise with a workforce that comprises people from different nationalities including India, Bangladesh, Colombia, Germany, Austria, Japan, and France.

Hero MotoCorp is the dominant market leader in India – the world’s largest two-wheeler market – with over 50% share in the domestic motorcycle market. Hero MotoCorp has seven globally benchmarked manufacturing facilities, including five in India and one each in Colombia and Bangladesh.

5. Bajaj Auto Ltd

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

  • Revenue: Rs 30,598 Cr
  • Employees: 8,064
  • Promoter holding:53.52 %
  • Market share: 18.7%

Bajaj Auto is ranked as the world’s fourth-largest three and two-wheeler manufacturer and the Bajaj brand is well-known across several countries in Latin America, Africa, Middle East, South, and Southeast Asia. The company is fifth in the list of Top 10 automobile manufacturing companies in India.

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

6. Ashok Leyland Ltd

Ashok Leyland, the flagship of the Hinduja group, is the 2nd largest manufacturer of commercial vehicles in India, the 4th largest manufacturer of buses in the world, and the 10th largest manufacturers of trucks.

  • Revenue: Rs 28,476 Cr
  • Employees: 11,966
  • Promoter holding:51.13 %

Headquartered in Chennai, 9 manufacturing plants give an international footprint – 7 in India, a bus manufacturing facility in Ras Al Khaimah (UAE). Ashok Leyland has a well-diversified portfolio across the automobile industry. Ashok Leyland has recently been ranked as the 38th best brand in India.

Market share

  • M&HCV Bus segment: 41.2%

Ashok Leyland has a product range from 2.5T GVW (Gross Vehicle Weight) to 49T GTW (Gross Trailer Weight) in trucks, 16 to 80 seater buses, vehicles for defense and special applications, and diesel engines for industrial, genset and marine applications.

Ashok Leyland launched India’s first electric bus and Euro 6 compliant truck in 2016. Over millions of passengers use Ashok Leyland buses to get to their destinations every day and 7,00,000 trucks keep the wheels of the economy moving.

7. TVS Motor Company Ltd

TVS Motor Company is the third-largest two-wheeler manufacturer in India, with revenue of 15129 Cr INR (2017-18). The company has an annual production capacity of 4 million 2 wheelers & 120,000 3 wheelers.

  • Revenue: Rs 15129 Cr
  • Employees: 5121
  • Promoter holding:57.40 %

TVS Group spans across industries like Automobile, Aviation, Education, Electronics, Energy, Finance, Housing, Insurance, Investment, Logistics, Service and Textiles. Has over 90 Companies under the umbrella.

The company has four manufacturing plants, three located in India (Hosur in Tamil Nadu, Mysore in Karnataka and Nalagarh in Himachal Pradesh) and one in Indonesia at Karawang. The company is among the Top 10 Automobile Companies in India.

8. Eicher Motors Ltd

Eicher Motors Limited (EML) (Bloomberg: EIM IN Reuters: EICH.NS) is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. The world’s oldest motorcycle brand in continuous production, Royal Enfield has made its distinctive motorcycles since 1901.

With modern development facilities in Leicestershire, UK and Chennai, India, Royal Enfield makes its motorcycles in Tamil Nadu for the world. In addition to motorcycles, Eicher has a joint venture with Sweden’s AB Volvo – Volvo Eicher Commercial Vehicles Limited (VECV) – which is driving modernization in India’s commercial vehicle space, and in other developing countries.

VECV has a complete range of trucks and buses from 5-55 tonnes, and its integrated manufacturing plant in Pithampur, Madhya Pradesh is the global hub for medium-duty five- and eight-liter engines for Volvo Group. The company is 8th in the list of Top 10 automobile manufacturing companies in India.

9. Force Motors Ltd

Force Motors was established in 1958 by Shri. N. K. Firodia, with the vision to provide affordable commercial transport for the masses by harnessing the best available technology and offering economical, reliable and efficient products. The company is 9th in the list of Top 10 Automobile Companies in India.

  • Turnover: Rs 3,487 Cr
  • ROE: 7.67 %
  • Sales Growth (3Yrs): 6.48 %

Today, its range includes Small Commercial Vehicles (SCV), Multi-Utility Vehicles (MUV), Light Commercial Vehicles (LCV), Special Utility Vehicles (SUV) and Agricultural Tractors. So no matter what the need be, Force has a solution to offer.


SML Isuzu Ltd. (SMLI) is a trusted and reliable commercial vehicle manufacturer since 1985. It has over 33 Years of experience in producing Light & Medium commercial vehicles to meet Indian customer needs. SMIL is the first company to manufacture and supply state of the artfully built Buses, Ambulances, and customized vehicles. It is the last in the list of top Automobile Companies in India

  • Turnover: Rs 1,312 Cr
  • Dividend Yield: 0.78 %
  • ROE: 4.79 %
  • Sales Growth (3Yrs): 6.51 %

Sumitomo Corporation, Japan and Isuzu Motors, Japan respectively hold 44% and 15% shareholding in the Company. It is among the list of Top 10 Automobile Companies in India.

NoCompany Name
1Tata Motors Ltd
2Maruti Suzuki India Ltd
3Mahindra & Mahindra Ltd
4Hero MotoCorp Ltd
5Bajaj Auto Ltd
6Ashok Leyland Ltd
7TVS Motor Company Ltd
8Eicher Motors Ltd
9Force Motors Ltd

Top Automobile companies in India

Which is the best automobile company in India?

Based on Total sales Tata Motors is the largest and the best automobile company in India.

Which are the Indian automobile companies?

The following are the List of Indian automobile companies which are listed based on the Turnover.
1. Tata Motors Ltd
2. Maruti Suzuki India Ltd
3. Mahindra & Mahindra Ltd.
4. Hero MotoCorp Ltd
5. Bajaj Auto Ltd
6. Ashok Leyland Ltd
7. TVS Motor Company Ltd
8. Eicher Motors Ltd
9. Force Motors Ltd

Is Jaguar an Indian brand?

Yes Jaguar is an Indian Brand which is owned by Tata Motors. The company was brought in 2008 from ford. Tata Motors is the parent company of Jaguar and Land Rover.

Which is the biggest car company in India?

Maruti Suzuki India, More than Half of the car sold in India is from Maruti suzuki. The company has a market share of more the 50% in the Indian Market.

Who is owner of Jaguar?

Tata Motors

Automobile Domestic Market share
Automobile Domestic Market share

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