Introduction:
The Indian automobile sector continues to advance rapidly in 2023, emphasizing invention, sustainability, and fulfilling consumers’ needs. The top automobile companies in India are bolstering their presence locally and expanding globally. This article examines the top 10 automobile companies in India for 2023, highlighting their accomplishments, upcoming projects, and how they shape the future of mobility.
List Of Top 10 Automobile Companies in India:
Table of Contents
Maruti Suzuki:
Maruti Suzuki has established itself as the undisputed leader in India’s automobile sector. With over 50% market share, Maruti Suzuki has always led the industry. In 2021, Maruti Suzuki’s revenue was INR 1,75,724 crore, projected to increase in 2023. Its diverse vehicles, including hatchbacks, sedans, SUVs, and MPVs, serve a wide customer base.
Maruti Suzuki pioneered BS6 compliance and electric mobility. It launched India’s first BS6-compliant vehicle range, selling over 7.5 lakh BS6 vehicles, the Automobile Companies in India most of any automaker. Focusing on sustainability, Maruti Suzuki is investing in electric vehicle (EV) technology, aiming to launch its first EV in India by 2025.
- Website: https://www.marutisuzuki.com/
- Address: 1, Nelson Mandela Road, Vasant Kunj, ; City, New Delhi
- Contact: 1800 102 1800
Hyundai Motors:
Hyundai Motor India Limited (HMIL) is India’s second-largest automobile manufacturer and a wholly-owned subsidiary of South Korea’s Hyundai Motor Company (HMC). With 13.46% market share, Hyundai edged past Tata Motors as India’s second Automobile Companies in India highest-selling automaker. In February 2023, Hyundai Motors sold 39,106 units, demonstrating its strong presence.
Hyundai Motors invests heavily in electric and connected vehicles. It plans to launch several new electric models to meet the growing demand for eco-friendly and high-tech vehicles in India.
- Website: https://www.hyundai.com/in/en
- Address: Hyundai Motor India Limited , Aashi Complex, 3rd Floor, Near Rajeev Bhawan, G.S Road, ABC, Guwahati, Assam -781005.
- Contact: 098735 64645
Tata Motors:
Tata Motors Limited, an Indian multinational automobile manufacturer, is owned by Tata Group. With a strong presence in commercial and Automobile Companies in India passenger vehicles, Tata Motors is a top contender, selling 45,061 units in January 2023 and holding 13.24% market share.
Tata Motors spearheads innovation, pioneering groundbreaking products like the Tata Nano and Tata Tiago. Heavily investing in EVs, it developed electric cars and buses for India.
- Website: https://www.tatamotors.com/
- Address: A Block, Shivasagar Estate, Dr. Annie Besant Road, Worli, Mumbai – 400018
- Contact: +91(22) 67577200
Mahindra & Mahindra:
Mahindra & Mahindra Ltd. is one of India’s biggest automobile manufacturers, specializing in utility vehicles and tractors. In January 2023, with 9.91% market share, Mahindra & Mahindra built a reputation for rugged, reliable vehicles meeting Indian needs.
Mahindra & Mahindra actively invests in EVs, developing electric cars and commercial vehicles for India. It focuses on connected mobility to Automobile Companies in India provide advanced and sustainable transportation.
- Website: https://www.mahindra.com/
- Address: Axis Trustee Services Limited. The Ruby, 2nd Floor, SW, 29 Senapati Bapat Marg, Dadar West, Mumbai – 400028
- Contact: 1800 209 6006
Kia Motors:
Kia Motors, a subsidiary of South Korea’s Kia Motors Corporation, quickly became popular in India. In January 2023, Kia Motors sold 19,554 units, taking 5.67% market share. Focusing on design, innovation, and customer experience, Kia Motors Automobile Companies in India has grown significantly in India.
Kia Motors plans to launch new models annually, expanding its range to serve diverse Indian consumers. It invests heavily in EVs, expected to introduce electric vehicles in India soon.
- Website: https://www.kia.com/in/home.html
- Address: 168/3 New Kandy Rd, Malabe, Sri Lanka
- Contact: 1800 108 5000
Toyota Kirloskar Motor:
Toyota Kirloskar Motor Pvt Ltd (TKM) is a joint venture of Toyota Motor Corporation and Kirloskar Group, bringing Japanese reliability and Indian adaptability to India. In January 2023, Toyota sold 10,941 units, taking 3.22% market share.
Toyota commits to high-quality, Automobile Companies in India safe products and customer satisfaction. It plans to launch new models and increase production capacity to meet growing demand for its vehicles in India.
- Website: https://www.toyotabharat.com/
- Address: 1, Industrial Area, Bidadi, Karnataka 562128
- Contact: 1800 425 0001
Skoda Auto Volkswagen Group:
The Skoda Auto Volkswagen Group in India, a joint venture of Skoda Auto and Volkswagen Group, provides high-quality European vehicles. In January 2023, the group sold 8,650 units combined, demonstrating its strong presence.
The Skoda Auto Volkswagen Group is committed to advanced technology, high-end safety, and top-quality design. It plans to launch new models of Automobile Companies in India and invest in R&D to meet demand for innovative and technologically-advanced vehicles in India.
- Website: https://www.skoda-auto.co.in/
- Address: 4th floor, B – Wing, Silver Utopia, Cardinal Gracious Road, Chakala, Andheri (East), Mumbai-400 099, India
- Contact: 1800 123 090909
Honda:
Honda Cars India Ltd., a Honda Motor Company subsidiary, has provided the latest Honda passenger vehicles and technology in India since 1995. Despite recent sales declines, Honda aims to bounce back by launching new models and investing in R&D.
Honda actively develops EV technology, planning to introduce EVs in India. It focuses on eco-friendly, affordable and socially responsible transportation for Indian consumers.
- Website: https://global.honda/
- Address: Kesar Solitaire, Plot No 5, Sector 19, Sanpada, Navi Mumbai – 400705
- Contact: +91(0)124-2290011
Renault:
Renault, a French automaker, has significantly impacted India’s automobile market with stylish, affordable vehicles. In January 2023, Renault sold 7,296 units, taking 2.14% market share.
Renault actively invests in EVs and connected vehicles for India. It plans to introduce new EV models and invest in R&D to meet demand for sustainable and technologically advanced vehicles in India.
- Website: https://www.renault.co.in/
- Address: Plot 8, 9th Floor, “Willow Square, 9 & 10, 1st St, Thiru Vi Ka Industrial Estate, Guindy, Chennai, Tamil Nadu 600032
- Contact: 1800 315 4444
MG Motor:
MG Motor India Pvt Ltd, a subsidiary of China’s SAIC Motor Corporation, quickly became popular in India. In January 2023, MG Motor sold 3,279 units, taking under 1% market share.
MG Motor commits to high-quality vehicles with advanced features and cutting-edge technology for Indian customers. Investing in local manufacturing, R&D, and customer satisfaction, MG Motor delivers an exceptional experience.
- Website: https://www.mgmotor.co.in/
- Address: Milestone Experian Centre, Sector-15, Gurugram
- Contact: 1800-100-6464
Automobile Companies in India With their Websites:
| S.No | Company Name | Website |
| 1 | Maruti Suzuki | https://www.marutisuzuki.com/ |
| 2 | Hyundai Motors | https://www.hyundai.com/in/en |
| 3 | Tata Motors | https://www.tatamotors.com/ |
| 4 | Mahindra & Mahindra | https://www.mahindra.com/ |
| 5 | Kia Motors | https://www.kia.com/in/home.html |
| 6 | Toyota Kirloskar Motor | https://www.toyotabharat.com/ |
| 7 | Skoda Auto Volkswagen Group | https://www.skoda-auto.co.in/ |
| 8 | Honda | https://global.honda/ |
| 9 | Renault | https://www.renault.co.in/ |
| 10 | MG Motor | https://www.mgmotor.co.in/ |
FAQs about Top 10 Automobile Companies in India 2023:
Which automobile manufacturer leads the Indian market in 2023?
Maruti Suzuki is India’s top automobile manufacturer in 2023 with over 50% market share.
Which company sold the highest number of vehicles in 2022?
Maruti Suzuki sold the most vehicles, over 1.5 million units, in the Indian market in 2022.
Which automobile company grew the fastest in 2023?
Kia Motors witnessed the fastest sales growth in 2023, increasing over 20% from 2022. Tata Motors and MG Motor also experienced strong double-digit growth.
Which company dominated the hatchback segment in 2023?
Maruti Suzuki dominates the hatchback segment, with the Swift and Baleno leading sales. The Hyundai Grand i10 Nios and Tata Tiago were strong competitors.
Which company leads the sedan segment in 2023?
Maruti Suzuki sold the most sedans, with the Dzire and Ciaz. The Honda City and Hyundai Verna were also popular.
Which brand witnessed the strongest growth in the SUV segment in 2023?
Mahindra & Mahindra and Kia Motors saw the strongest SUV sales growth. Models like the Seltos, Sonet and XUV300 drove growth.
Which company sold the most electric vehicles in 2023?
Tata Motors sold the highest number of electric vehicles, led by the popular Nexon EV.
Which luxury car brand reported the highest sales in 2023?
Mercedes-Benz witnessed the strongest sales among luxury brands, driven by the success of models like the A-Class sedan and GLC SUV.
Which company has the largest presence across India?
Maruti Suzuki has the largest presence, with over 3,000 dealerships and service centers across India.
Which company is known for its focus on technology and innovation?
Tata Motors is known for pioneering new technologies like electric vehicles, connected mobility solutions and advanced driver assistance systems.
Which company received the highest customer satisfaction ratings in 2023?
Maruti Suzuki ranked highest in customer satisfaction surveys in 2023, followed closely by Hyundai Motors and Tata Motors.
Which company is expected to launch the most new models in 2024?
Maruti Suzuki and Hyundai Motors plan to launch multiple new models in 2024 across segments. Tata Motors also has a strong pipeline of new vehicle launches.
Which company is best positioned for long term growth?
With a wide range of vehicles, extensive reach, competitive pricing and new technologies, Maruti Suzuki and Hyundai Motors are well positioned for sustained long term growth in the Indian market.
Conclusion:
The Indian passenger car market was valued at US$ 32.70 billion in 2021, and it is expected to reach a value of US$ 54.84 billion by 2027. Top 10 Automobile Companies in India 2023 and while registering a CAGR of over 9% between 2022-27. The electric vehicle (EV) market is estimated to reach Rs. 50,000 crore (US$ 7.09 billion) in India by 2025.
