Top 20 Best Motor Vehicle Manufacturing In India 2023

 

India has emerged as one of the fastest-growing automobile markets globally, with a significant rise in demand for motor vehicles. The country is home to numerous motor vehicle manufacturing companies that produce cars, two-wheelers, commercial vehicles, and more.

Here are the top four best motor vehicle manufacturing companies in India in 2023.

 

1. Maruti Suzuki:

Maruti Suzuki India Limited, commonly referred to as Maruti, is the leading automobile manufacturer in India with a market share of over 50%. The business has been operating in India for more than 37 years and is a part of Suzuki Motor Company, a Japanese corporation.

It is headquartered in New Delhi and has two manufacturing facilities in Haryana and Gujarat, with a combined production capacity of over 1.5 million vehicles per annum.

 

Maruti Suzuki has a wide range of models across all segments, from entry-level hatchbacks to premium sedans and SUVs. Its popular models include the Alto, Swift, Baleno, WagonR, Vitara Brezza, Ertiga, and Dzire. The company also exports its vehicles to several countries around the world, including Africa, Latin America, and Asia.

 

Maruti Suzuki has a strong focus on innovation and research, and invests heavily in research and development to stay ahead of the competition. It has a dedicated research and development center in Haryana, which is equipped with state-of-the-art facilities to design and develop new products, technologies, and processes.

 

 The company is also committed to reducing its carbon footprint and has adopted several green technologies to reduce emissions and conserve energy.

 

2. Hyundai:

Hyundai Motor India Limited is the second-largest car manufacturer in India and a subsidiary of Hyundai Motor Company, South Korea. The company started its operations in India in 1996 and has since then grown rapidly to become one of the leading players in the Indian automobile industry. 

 

It is headquartered in Chennai, Tamil Nadu, and has two manufacturing facilities in the state, with a combined production capacity of over 750,000 vehicles per annum.

 

Hyundai offers a wide range of models in India, from hatchbacks and sedans to SUVs and electric vehicles. Its popular models include the Santro, i20, Verna, Creta, and the Kona Electric. The company also exports its vehicles to over 88 countries around the world.

 

Hyundai is known for its focus on design and innovation. It has a dedicated design center in Namyang, South Korea, and invests heavily in research and development to come up with new products and technologies. The company is also committed to sustainability and has adopted several eco-friendly technologies to reduce emissions and conserve resources.

 

3. TATA Motors:

TATA Motors Limited is one of the largest automobile manufacturers in India and a subsidiary of the TATA Group, a conglomerate with interests in several sectors. The company was founded in 1945 and is headquartered in Mumbai, Maharashtra. 

 

It has several manufacturing facilities in India, including in Pune, Sanand, and Jamshedpur, with a combined production capacity of over 1 million vehicles per annum.

 

TATA Motors offers a wide range of products in India, including commercial vehicles, passenger cars, and electric vehicles. Its popular models include the Tiago, Nexon, Harrier, and the Safari. The company is also a leading player in the commercial vehicle segment in India and exports its products to over 100 countries around the world.

 

TATA Motors has a strong focus on innovation and research and development. It has a dedicated research and development center in Pune, which is equipped with state-of-the-art facilities to design and develop new products and technologies. 

 

The company is also committed to sustainability and has adopted several green technologies to reduce emissions and conserve resources.

 

4. Mahindra & Mahindra Limited:

Mahindra & Mahindra Limited is a leading Indian automobile manufacturer that produces a range of SUVs, pickup trucks, commercial vehicles, and electric cars. The company is known for its rugged and durable vehicles, which are designed to tackle India’s rough terrain.

Mahindra & Mahindra has also been at the forefront of electric mobility in India, with the launch of the eKUV100 and the upcoming launch of the XUV300 Electric.

 

5. Honda Cars India Limited:

Honda Cars India Limited is a subsidiary of Honda Motor Co. Ltd, Japan and produces a range of premium sedans, hatchbacks, and SUVs. The company has a significant presence in the Indian market, with a focus on quality and performance. 

 

Honda Cars India Limited is known for its reliable and fuel-efficient vehicles and has been a popular choice among Indian consumers. The company has recently launched the fifth-generation City sedan in India and plans to introduce more models in the future.

 

6. Ashok Leyland Limited:

Ashok Leyland Limited is a Chennai-based company that manufactures a wide range of commercial vehicles such as buses, trucks, and other transport vehicles. It was founded in 1948 and is currently one of the leading manufacturers of commercial vehicles in India. 

The company has a strong presence in the domestic market and has also expanded globally, exporting vehicles to various countries. It is also known for its innovative products and has received several awards for its R&D efforts. Ashok Leyland has a strong focus on sustainability and has implemented several measures to reduce its carbon footprint.

 

7. Bajaj Auto Limited:

Bajaj Auto Limited is a Pune-based company that manufactures motorcycles, three-wheelers, and quadricycles. The business was established in 1945 and is now among India’s biggest two-wheeler producers. Bajaj Auto has a strong focus on innovation and has introduced several new products to the market. 

 

The company is also known for its exports, with a presence in over 70 countries. In addition, Bajaj Auto has a strong focus on sustainability and has implemented several initiatives to reduce its carbon footprint.

 

8. TVS Motor Company Limited:

TVS Motor Company Limited is a Chennai-based company that manufactures motorcycles, scooters, and mopeds. The company was founded in 1978 and is currently one of the leading manufacturers of two-wheelers in India. TVS Motor Company has a strong focus on innovation and has introduced several new products to the market.

The company is also known for its exports, with a presence in over 60 countries. In addition, TVS Motor Company has a strong focus on sustainability and has implemented several initiatives to reduce its carbon footprint.

 

9. Force Motors Limited:

Force Motors Limited is a Pune-based company that manufactures a wide range of vehicles, including commercial vehicles, passenger cars, and utility vehicles. The company was founded in 1958 and is currently one of the largest manufacturers of commercial vehicles in India. 

 

Force Motors has a strong focus on innovation and has introduced several new products to the market. The company is also known for its exports, with a presence in several countries. In addition, Force Motors has a strong focus on sustainability and has implemented several initiatives to reduce its carbon footprint.

 

10. Volkswagen:

Volkswagen is a German-based automobile manufacturer, which operates in India as Volkswagen India Private Limited. The company has been operating in India since 2007 and has a manufacturing facility in Chakan, Pune. 

 

The company produces cars for the Indian market as well as for export to other countries. Some of the popular models produced by Volkswagen India include Polo, Vento, Tiguan, and Passat.

 

In 2021, Volkswagen India announced that it will be investing over 200 million euros (approx. INR 1,760 crores) in India by 2025. The company has also announced its plans to launch four new models in the Indian market in the coming years. 

 

Volkswagen India has been focusing on strengthening its presence in the Indian market through the introduction of new models and expanding its sales and service network across the country.

 

11. Kia:

Kia Motors is a South Korean-based automobile manufacturer, which entered the Indian market in 2019 with the launch of its SUV model, Seltos. The company has a manufacturing facility in Andhra Pradesh, which has a production capacity of 3 lakh units per annum. 

 

Kia Motors has been gaining popularity in the Indian market with the launch of its new models such as Sonet and Carnival.

 

In 2021, Kia Motors announced its plans to expand its product portfolio in the Indian market with the launch of seven new models by 2024. The company has also announced its plans to invest over $2 billion (approx. INR 14,600 crores) in India by 2023 to strengthen its production, sales, and service network across the country.

 

12. Suzuki Motor Gujarat:

Suzuki Motor Gujarat is a subsidiary of Suzuki Motor Corporation, which operates a manufacturing facility in Gujarat, India. The company produces cars for Maruti Suzuki India Limited, which is one of the leading automobile manufacturers in India. The manufacturing facility has a production capacity of 7.5 lakh units per annum.

In 2021, Suzuki Motor Gujarat announced its plans to increase its production capacity to 10 lakh units per annum by 2022. The company has been investing in the expansion of its manufacturing facility to cater to the growing demand for cars in the Indian market. 

 

Suzuki Motor Gujarat has been contributing to the growth of the automobile industry in India by producing high-quality cars at competitive prices.

 

13. MG Motor:

MG Motor is a British-based automobile manufacturer, which entered the Indian market in 2019 with the launch of its SUV model, Hector. The company has a manufacturing facility in Gujarat, which has a production capacity of 80,000 units per annum.

 

 MG Motor has been gaining popularity in the Indian market with the launch of its new models such as ZS EV and Hector Plus.

 

In 2021, MG Motor announced its plans to invest over $100 million (approx. INR 730 crores) in India by 2022 to strengthen its production, sales, and service network across the country. The company has also announced its plans to launch four new models in the Indian market in the coming years. 

 

MG Motor has been focusing on offering innovative and technologically advanced cars to cater to the needs of Indian customers.

 

14. Nissan India:

Nissan India is a subsidiary of Nissan Motor Co., Ltd., a Japanese multinational automobile manufacturer. The company has been operating in India since 2005 and offers a range of vehicles, including sedans, hatchbacks, SUVs, and commercial vehicles. Nissan has a manufacturing plant in Chennai with an annual production capacity of 4.8 lakh units. 

 

The company has recently introduced its new sub-compact SUV, the Nissan Magnite, which has received a positive response from the market. Nissan also plans to launch the new Nissan Kicks, which is expected to further boost the company’s sales in India.

 

15. Renault India:

Renault India is a subsidiary of Renault S.A., a French multinational automobile manufacturer. A variety of vehicles, including hatchbacks, sedans, SUVs, and electric automobiles, are available from the company, which has been in business in India since 2005. Renault has a manufacturing plant in Chennai with an annual production capacity of 4.8 lakh units.

The company’s best-selling vehicles in India are the Kwid hatchback and the Duster SUV. Renault plans to launch its new compact SUV, the Renault Kiger, which is expected to further increase the company’s market share in India.

 

16. Ford India:

The US multinational automaker Ford Motor Company has a division called Ford India. The company has been operating in India since 1995 and offers a range of vehicles, including hatchbacks, sedans, SUVs, and commercial vehicles. Ford has a manufacturing plant in Chennai with an annual production capacity of 2 lakh units. 

 

The company’s best-selling vehicles in India are the EcoSport SUV and the Figo hatchback. Ford plans to launch its new mid-size SUV, the Ford Maverick, which is expected to further strengthen the company’s position in the Indian market.

 

17. Skoda:

Skoda is a subsidiary of Volkswagen Group, a German multinational automobile manufacturer. The company has been operating in India since 2001 and offers a range of vehicles, including sedans and SUVs. Skoda has a manufacturing plant in Aurangabad with an annual production capacity of 89,000 units. 

 

The company’s best-selling vehicles in India are the Octavia and Superb sedans. Skoda plans to launch its new mid-size SUV, the Skoda Kushaq, which is expected to further increase the company’s market share in India.

 

18. Jeep:

 

Jeep is an American automobile brand that produces SUVs and off-road vehicles. It was founded in 1941 and is currently owned by Stellantis N.V., formerly known as Fiat Chrysler Automobiles. Jeep entered the Indian market in 2016 and has since gained popularity for its rugged and off-road vehicles.

 

Jeep offers a range of SUVs in India including the Wrangler, Grand Cherokee, and Compass. The Wrangler is a two-door or four-door SUV that is designed for off-road adventures. 

 

The Grand Cherokee is a more luxurious and spacious SUV that offers a comfortable ride. The Compass is a compact SUV that is designed for urban driving but also offers some off-road capabilities.

 

Jeep vehicles in India are equipped with advanced safety features such as anti-lock braking system, electronic stability control, and multiple airbags. They also come with features such as touchscreen infotainment system, climate control, and leather upholstery.

 

Jeep has a strong presence in India with over 80 dealerships across the country. The brand also offers a range of after-sales services such as roadside assistance, maintenance packages, and extended warranties.

 

19. Datsun:

 

Datsun is a Japanese automobile brand that was founded in 1931. It is currently owned by Nissan Motor Company and is known for producing affordable and reliable cars. Datsun entered the Indian market in 2014 and offers a range of hatchbacks and compact SUVs.

 

Datsun vehicles in India include the Redi-Go, Go, and Go+. The Redi-Go is a compact hatchback that is designed for city driving. The Go and Go+ are hatchbacks and compact SUVs respectively that offer more space and practicality.

 

Datsun vehicles in India are equipped with features such as power steering, air conditioning, and touchscreen infotainment system. They also come with safety features such as driver airbag, anti-lock braking system, and electronic brakeforce distribution.

 

Datsun has a strong presence in India with over 400 dealerships across the country. The brand also offers a range of after-sales services such as extended warranties, maintenance packages, and roadside assistance.

20. Hero MotoCorp Limited-

Hero MotoCorp Ltd. is India’s largest two-wheeler manufacturer and a global motorbike industry leader. The firm, located in New Delhi, was founded in 1984 as a joint venture between the Hero Group and Honda Motor Corporation.

Hero MotoCorp sells a variety of motorcycles and scooters, including commuter bikes, sports bikes, and scooters, under the Splendor, Passion, Glamour, and Maestro brands. The firm has a significant market presence as well as a developing worldwide presence, with exports to various Asian, African, and South American nations.

In conclusion

 

The Indian automobile industry has seen significant growth in recent years, with a rise in demand for motor vehicles. The 20 companies mentioned above are among the best motor vehicle manufacturers in India, known for their quality, affordability, and innovation. These companies have a significant presence in the domestic and international markets and are expected to continue driving growth in the Indian automobile industry in 2023 and beyond.