Indian Automobile Industry

//Indian Automobile Industry

Indian Automobile Industry

The automobile industry is a big daddy of Indian economy. The way this industry is expanding its roots, it will be the reason India will have the third largest passenger vehicle market in the world by 2021. It seems astonishing seeing the figures since it took almost seven years for India to increase the production from three million to four million annually. Trusting the technology and improvised skills, the statistics are estimated to take no longer than five years to cross five million. It is no longer an amusement seeing the launch of a new model, brand or invention regarding cars as there have been new launches almost every fifteen days since years now. Every brand is strategizing against the common man’s affordable pricing or his comforts.

Going through the top automobile companies of India:

Tata Motors

 

Tata is the multinational company, serving to Indian economy as a massive giant since years, known to be the largest Automobile company in India. Established in 1945, by Tata Group, formerly known as ‘Tata Engineering and locomotive’ Company has headquarters in Mumbai. Tata Motors is known for manufacturing medium-sized utility vehicles mostly for a middle-class man. The company has grounded its roots since past few years standing uptight as the leader for the commercial vehicle segment, being the third largest passenger vehicle manufacturer of India. This company has established its name in both Bombay stock as well as in New York stock, earning the revenues worth billion and trillion dollars. The most popular Tata Motors’ forged are; Tata Safari, Tata Indica, Tata Sumo, Tata Indigo, and Indigo Marina.

Hindustan Motors Limited

B.M Birla, the founder of Hindustan Motors, established the firm in 1942. The company is becoming a leader in the production of trucks, buses and military vehicles. The company is the second largest vehicle producer in India, which pulls almost thirty percent of market shares. The company is capable of selling out nearly 7000 engines and 60,000 vehicles per annum. The most popular Hindustan Motors Limited’s forged are; Tractors and Econet, Natural gas and diesel gensets ranging from 15KVA to 250KVA, Panther BX2 Multi-axle vehicle, and Cheetah Bus3.

 

The company is the largest passenger car composing brand in the world. Maruti Suzuki was established in 1981, a part of which is owned by Suzuki Motor Corporation of Japan. The company is believed to bring a revolution in the market of the automobile industry in India, and it was labeled as Maruti Udyog limited till 2007. Consolidating billions of revenues, this company happens to be the largest car sharing holder of India. Delhi is the headquarter of Maruti Suzuki India Limited with major sell-outs of; Wagon R,  Gypsy, Alto, Omni, Versa, Maruti 800, Swift, Baleno, Zen, and Esteem.

By |2019-02-08T05:56:47+00:00February 4th, 2019|Automobile Industry|