List of Top 10 Automobile Manufacturers in India 2020

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Here we take a look at the list of the top 10 largest automobile company in India ranked by total sales for this year. Now, look at the auto mobile company of India.

The industry produced a total of 30,915,420 vehicles in the financial year 2019, including passenger cars, commercial vehicles, rickshaws, two-wheelers, and four-wheelers, compared with 29,094,447 in the financial year 2018, which was an increase of 6.26 percent over the same period the previous year. Turning to Automotive Companies in India Now.

List of Best and Largest Automotive Companies In India

List of Top 10 Automobile  Manufacturers in India 2020

Here is a list of the best companies in the automotive industry. The ranking is based on the company’s 2019 sales.

Tata Motors Ltd.

  • Income: Rs 296,917
  • Market Cap: Rs 41,562 Cr.
  • Employees: 82,797
  • Promoter participation: 38.37%

Tata Motors is one of the leading automotive companies in India and the world, providing mobility solutions in more than 175 countries. Its portfolio includes a wide variety of cars, commercial vehicles, trucks, and buses. This company is the largest car company in the list of top 10 car companies in India by sales.

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  • Passenger cars: 6.3%
  • Commercial vehicles: 45.1%

The company has a strong global network of 134 subsidiaries, partners, and joint ventures, including Jaguar Land Rover in the UK and Tata Daewoo in South Korea. TML offers automotive products ranging from trucks with a gross weight (GVW) of less than 49 tonnes to small, medium, and large buses and passenger vehicles.

TML is the leader in the Indian CV market with a 45.1% market share and sales of 4,688,788 vehicles in the 2018-19 fiscal year and has gained market share in Medium and Heavy Commercial Vehicles (MHCV), light commercial vehicles for the medium segment ILCV) and Small Commercial Vehicle (SCV).

Tata Motors is the largest automotive company in India. TML’s market share in the photovoltaic segment increased by 60 basis points to 6.3% in the 2018-19 financial year. This is one of the best car companies in India.

Maruti Suzuki India Ltd.

  • Income: Rs 83,281 Cr
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  • Market Cap: Rs 199 130 Cr.
  • Employees: 33,180
  • Promoter participation: 56.21%

Market leader in the auto segment in India. The company was founded in 1981. A joint venture agreement was signed in 1982 between the Indian government and the Japanese Suzuki Motor Corporation (SMC). The company became a subsidiary of SMC in 2002. Maruti has since become the second-largest automotive company in India.

Share Price

• Passenger cars: 53%

In terms of production and sales, this company is already the largest subsidiary of SMC. SMC currently holds 56.21% of its shares. Maruti Suzuki is the largest automotive company in India in terms of market share.

The company has two modern production facilities in Gurugram and Manesar in Haryana with a total annual production capacity of ~ 1.58 million units per year.

Mahindra & Mahindra Ltd.

  • Income: Rs 53,017
  • Market Cap: Rs 70,725 Cr.
  • Employees: 42,875
  • Promoter participation: 18.90%

Mahindra & Mahindra Ltd., a provider of mobility products and agricultural solutions, is a leading company in the Mahindra Group. It is one of the leading auto companies in India. After assembling the first vehicle in 1947, the company grew rapidly. It is the third-largest car company in India in terms of total sales.

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

Today the company offers a wide variety of products and solutions, from SUVs to electric vehicles, pickups, commercial vehicles, tractors, two-wheelers, and construction machinery. It is one of the leading Indian automotive companies.

Hero MotoCorp Ltd.

The world’s largest two-wheeler manufacturer in 2001, measured by sales in a calendar year and has maintained the desired title for 18 consecutive years. With more than 90 million satisfied customers worldwide, the company continues to sustainable socio-economic development and empowerment through its range of products and services.

  • Income: Rs 32,871
  • Market Cap: Rs 57,180
  • Employees: 8,551
  • Promoter participation: 34.63%
  • Market share: 36.0%

It is the only Indian two-wheeler company to set up a manufacturing base in Latin America when it started operating at its manufacturing facility in Colombia in 2016.

Hero MotoCorp currently has an annual production capacity of around 9 million two-wheelers. It is the fourth largest car company among the top 10 car companies in India.

Under Dr. Pavan Munjal, President of Hero MotoCorp has taken swift steps to expand his presence in 37 countries in Asia, Africa, and South and Central America. Hero MotoCorp is a truly global company with employees from various countries including India, Bangladesh, Colombia, Germany, Austria, Japan, and France.

Hero MotoCorp is the dominant market leader in India – the largest two-wheeler market in the world – with a more than 50% share in the domestic motorcycle market. Hero MotoCorp has seven manufacturing facilities with global benchmarks, including five in India and one each in Colombia and Bangladesh.

Bajaj Auto Ltd.

Bajaj Auto has representatives in more than 70 countries and is the third-largest motorcycle manufacturer in the world and the largest tricycle manufacturer. Its presence extends to various industries which include automobiles (manufacturers of two-wheeled and three-wheeled vehicles).

  • Income: Rs 30,598
  • Market Cap: Rs 84 763 Cr.
  • Employees: 8064
  • Promoter participation: 53.52%
  • Market share: 18.7%

Bajaj Auto is the fourth largest manufacturer of three and two-wheeled vehicles in the world. The Bajaj brand is known in several countries in Latin America, Africa, the Middle East, South, and Southeast Asia. The company ranks fifth in the list of top 10 car makers in India

Bajaj Auto International Holdings BV is a 100% subsidiary of Bajaj Auto Ltd. in the Netherlands. Over the years, Bajaj Auto has invested a total of 198.1 million EUR (1,219 crowns) through this subsidiary and owns approximately 48% of shares in KTM AG of Austria (KTM), the world’s fastest-growing motorcycle brand.

Ashok Leyland Ltd.

Ashok Leyland, the flagship of the Hinduja Group, is India’s second-largest commercial vehicle manufacturer, the world’s fourth-largest bus manufacturer, and the tenth-largest truck manufacturer.

  • Income: Rs 28,476 Cr
  • Market Cap: Rs 20,314 Cr
  • Employees: 11,966
  • Promoter participation: 51.13%

9 production companies with headquarters in Chennai represented internationally – 7 in India, bus production facility in Ras Al Khaimah (UAE). Ashok Leyland has a well-diversified portfolio in the automotive industry. Ashok Leyland was recently ranked the 38th best brand in India.


• M & HCV bus segment: 41.2%

Ashok Leyland offers a product range from 2.5 tonnes gross vehicle weight (49 t GTV) to 49 tonnes gross vehicle weight (gross vehicle trailer weight) in trucks, 16 to 80 local buses, defense and special application vehicles, and diesel engines for the applications industry, generators, and marine.

Ashok Leyland will launch India’s first trolleybus and truck meeting the Euro 6 standard in 2016. More than one million passengers use Ashok Leyland buses every day to reach their destinations, and 7 million trucks drive the economy.

TVS Motor Company Ltd.

TVS Motor Company is the third-largest two-wheeler manufacturer in India with a turnover of 15,129 Cr INR (2017-18). The company has an annual production capacity of 4 million 2 wheels and 120,000 3 wheels.

  • Income: Rs 15129 Cr
  • Market Cap: Rs 20,178 Cr
  • Employees: 5121
  • Promoter participation: 57.40%

The TVS Group covers industries such as automotive, aviation, education, electronics, energy, finance, housing, insurance, investment, logistics, services, and textiles. There are more than 90 companies under the roof.

The company has four production facilities, three in India (Hosur in Tamil Nadu, Mysore in Karnataka and Nalagarh in Himachal Pradesh), and one in Indonesia in Karawang. The company is among the top 10 automotive companies in India

Eicher Motors Ltd.

Eicher Motors Limited (EML) (Bloomberg: EIM IN Reuters: EICH.NS) is the registered holding company of Royal Enfield, the world’s leading supplier of mid-range motorcycles. Royal Enfield is the oldest motorcycle brand in the world in continuous production and has been making its signature motorcycles since 1901.

With state-of-the-art development facilities in Leicestershire, England, and Chennai, India, Royal Enfield manufacture motorcycles in Tamil Nadu for the world. Apart from motorbikes, Eicher has a joint venture with AB Volvo Sweden – Volvo Eicher Commercial Vehicles Limited (VECV) – which promotes modernization in India’s commercial vehicle sector and other developing countries.

VECV has a wide range of trucks and buses with capacities from 5 to 55 tonnes. The integrated production facility in Pithampur, Madhya Pradesh, is a global hub for the Volvo Group’s medium-sized five and eight-liter engines. The company is at number 8 in the list of top 10 car makers in India.

Force Motors Ltd.

Force Motors was founded by Sri in 1958. N. K. Firodia with a vision to bring affordable commercial transportation to the masses, utilizing the best available technology and offering economical, reliable, and efficient products. The company is ranked 9th in the list of top 10 automotive companies in India.

  • Turnover: Rs 3,487 Cr
  • Market Capitalization: 1155 Cr.
  • ROE: 7.67%
  • Sales growth (3 years): 6.48%

Currently, the product range includes small commercial vehicles (SCV), multipurpose vehicles (MUV), light commercial vehicles (LCV), special commercial vehicles (SUVs), and agricultural tractors. Regardless of the requirements, the Force has a solution.


Isuzu Ltd. SML (SMLI) has been a reliable and dependable commercial vehicle manufacturer since 1985. The company has more than 33 years of experience in manufacturing light and medium-sized commercial vehicles to meet the needs of Indian customers. SMIL was the first to manufacture and supply state-of-the-art buses, ambulances, and private vehicles. This is the last on the list of the best car makers in India

  • Turnover: Rs 1312 Cr
  • Market Cap: 555.36 Cr.
  • Dividend yield: 0.78%
  • ROE: 4.79%
  • Sales growth (3 years): 6.51%

Sumitomo Corporation, Japan, and Isuzu Motors, Japan own 44% and 15% of the company, respectively. It is one of the top 10 automotive companies in India.

best no.1 Automobile Company in India

Tata Motors is the largest and best automotive company in India by total sales.

List of Automobile company in india

Following is a list of listed Indian automotive companies by sale.

  • Tata Motors Ltd.
  • Maruti Suzuki India Ltd.
  • Mahindra & Mahindra Ltd.
  • Hero MotoCorp Ltd.
  • Bajaj Auto Ltd.
  • Ashok Leyland Ltd.
  • TVS Motor Company Ltd.
  • Eicher Motors Ltd.
  • Force Motors Ltd.
  • ISUZU Ltd. SML

Which is the largest Automobile in India?

Maruti Suzuki India, more than half of the cars sold in India come from Maruti Suzuki. The company has a market share of more than 50% in the Indian market.