List of Top-10 Automobile Company in India | Helpful Guide

Here is the List of Top-10 Automobile Company in India based on market capitalization

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

Top-10 Automobile Company in India

#1. Maruti Suzuki India Ltd

Maruti Suzuki India Ltd is the Largest Automobile company in India with a market cap of 185,201 Cr. in 2020

IndustryAutomobile
Founded1982
ChairmanR. C. Bhargava
Managing DirectorKenichi Ayukawa

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.

Maruti Suzuki India Ltd is the market leader in the passenger vehicle segment in India and Export to 95 countries

UNIT SALE

Maruti suzuki india ltd-automobile company in india Unit sale

PRODUCTION CAPACITY

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.

Maruti suzuki india ltd procuction capacity

SALES CHANNELS

  • MARUTI SUZUKI ARENA
  • NEXA
  • TRUE VALUE
  • COMMERCIAL

PRODUCT PORTFOLIO

MSIL currently has 17 models with over 150 variants across segments. These include

  • Mini segment: Alto and S-Presso;
  • Compact segment: Wagon R, Swift, Celerio, Ignis, Dzire, and Baleno;
  • Super-compact segment: Tour S;
  • Mid-sized segment: Ciaz;
  • vans segment: Eeco;
  • SUV segment: Gypsy, Ertiga, S-Cross, Brezza & XL6; and
  • LCV segment: Super Carry.

DOMESTIC & EXPORT SALES VOLUME BREAK-UP

Total volume : 1,862,449
Domestic : 1,753,700
Export : 108,749

Maruti suzuki ltd DOMESTIC & EXPORT SALES VOLUME BREAK-UP

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  181,351 Cr.
  • Current Price:  6,003
  • 52 weeks High / Low  7758.70 / 4001.10
  • Book Value:  1,636
  • Stock P/E: 31.95
  • Dividend Yield: 1.00 %
  • ROCE: 18.51 %
  • ROE: 13.32 %
  • Sales Growth (3Yrs): 14.33 %

MARUTI SUZUKI LTD PERFORMANCE IN LAST 10 YEARS

Year20102020CAGR 
Growth(%)
Sales29,59275,6609.84%
Profit2,6255,6768.02%
Share Price1470.75600315.10%

#2. Bajaj Auto Ltd

Bajaj Auto Ltd is the second-largest automobile company in India with a market cap of  86,935 Cr. in 2020

IndustryAutomotive
FoundedNovember 29, 1945; 74 years ago
Founderjamnalal bajaj
ChairmanRahul Bajaj
MDRajiv Bajaj

Bajaj Auto was incorporated in 1945 as Bachraj Trading Corporation Ltd to import scooters and motorized three-wheelers from Piaggio & Company. The entity’s name was changed to Bajaj Auto Pvt Ltd in June 1960, and then to its current one in August 1960, after it was reconstituted as a public limited company.

Bajaj Auto has a dominant market share in the three-wheeler segment, and a strong position in the motorcycle segment.

BUSINESS SEGMENTS

The company mainly present into two segments

  • Two Wheeler
  • Three Wheeler

TWO-WHEELER

MarketMotorcycles DomesticMotorcycles Exports
No. of Units Sale2,078,1361,869,220
Market Share18.5%59.6%

In Two wheeler,Company present in three category

‘M’ segment : Major brand are the CT, the Platina and the Pulsar125.
‘sports’ or ‘S’ segment : Pulsars ranging from 150cc to 220cc and the Avenger.
‘super-sports’ segment : The entire range of KTMs, the Pulsar RS200
and the Dominar.

THREE-WHEELER

Bajaj Auto is the world’s largest manufacturer and seller of three-wheelers.

ParticularsTotal salesDomestic salesExports
Passenger sales
Bajaj Auto sales629,326334,714294,612
Bajaj Auto market share61.6%63.8%59.4%
Goods carriers
Bajaj Auto sales32,19130,1032,088
Bajaj Auto market share27.3%27.0%33.0% 2
Total three-wheelers
Bajaj Auto sales661,517364,817296,700 3
Bajaj Auto market share58.1%57.3%59.1%

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  86,388 Cr.
  • Current Price:  2,985
  • 52 weeks High / Low  3315.15 / 1788.65
  • Book Value:  748.60
  • Stock P/E: 18.80
  • Dividend Yield: 4.02 %
  • ROCE: 29.61 %
  • ROE: 23.18 %
  • Sales Growth (3Yrs): 11.21 %

BONUS SHARE ISSUE HISTORY

Bonus History (Bajaj Auto)

DateBonus Ratio
22-07-20101:1

BAJAJ AUTO LTD PERFORMANCE IN LAST 10 YEARS

Year20102020CAGR 
Growth(%)
Sales11,52529,91910.01%
Profit1,5975,21212.56%
Share Price939298512.26%

#3. Mahindra & Mahindra Ltd

Mahindra & Mahindra Ltd is the third largest automobile company in India with a market cap of 73,137 Cr. in 2020

IndustryAutomotive
Founded 2 October 1945
Parent Mahindra Group
ChairmanAnand Mahindra
Managing Director & Chief Executive OfficerDr. Pawan Goenka

M&M, incorporated in 1945, is among the leading tractor manufacturers in the world, and a leading manufacturer of Goods Light Commercial Vehicles (LCVs) in India. 

It also manufactures utility vehicles (UVs), medium and heavy commercial vehicles (MHCVs), three-wheelers, two-wheelers, and passenger cars.

  • Total Tractors Sold (nos.) 3,01,915
  • Total Automotive Vehicles Sold (nos.) 4,71,141
    • Passenger Vehicles (nos.) 1,86,942
    • Commercial Vehicles (nos.) 1,99,131
    • Three-Wheelers (nos.) 58,145
    • Automotive Exports (nos.) 26,923
Mahindra & Mahindra ltd-automobile company in india sales volume break-up

The company has a leadership position in the domestic tractor industry in all major regions and has maintained a market share of over 40% in the last decade.

UNIT SOLD & MARKET SHARE

SegmentM&M SaleM&M Market Share
Passenger Vehicles Total186,9426.7%
CV Passenger199,13127.7%
3W58,1459.1%

Company’s Share of the total Indian Auto Industry stood at 10.8%

MANUFACTURING FACILITY

The company has manufacturing facilities in Mumbai, Nashik, Igatpuri, Nagpur and at Chakan, Zaheerabad (Andhra Pradesh), Rudrapur, Haridwar (both in Uttarakhand), and Jaipur (Rajasthan).

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  73,597 Cr.
  • Current Price:  592.00
  • 52 weeks High / Low  621.65 / 245.40
  • Book Value:  321.51
  • Stock P/E:
  • Dividend Yield: 0.40 %
  • ROCE: 8.23 %
  • ROE: -0.67 %
  • Sales Growth (3Yrs): 4.35 %

BONUS SHARE ISSUE HISTORY

Bonus History (Mahindra and Mahindra)

DateBonus Ratio
10-11-20171:1
14-06-20051:1
07-11-19952:3
29-04-19842:3
29-04-19801:1

MAHINDRA & MAHINDRA PERFORMANCE IN LAST 10 YEARS

Year20102020CAGR 
Growth(%)
Sales11,52529,91910.01%
Profit1,5975,21212.56%
Share Price939298512.26%

#4. Hero MotoCorp Ltd

Hero MotoCorp Ltd is the 4th largest automobile company in India with a market cap of 57,309 Cr. in 2020

IndustryAutomotive
Founded19 January 1984; 36 years ago
FounderBrijmohan Lall Munjal
Chairman & MDDr. Pawan Munjal

HMCL, formerly Hero Honda Motors Ltd, was jointly promoted by the Munjal family based in Ludhiana, Punjab, and HMC in 1984, and began manufacturing motorcycles in 1985.

Hero MotoCorp continues to be the world’s No.1 manufacturer of two-wheelers, in terms of unit volumes sold by a single company in a calendar year, for 19 years in a row.

The company have 35+ years of rich industry experience

It has a 35.7% FY20 Indian two-wheeler market share and 51.9% FY20 Indian motorcycle market share

The company have a total of 8 World-class manufacturing facilities and 9.1 million (units per annum) Global installed manufacturing capacity

The company have 40+ countries Operational presence and 9,000+ Customer touchpoints across the globe

BUSINESS SEGMENTS

The company present in two business

  • Two-wheeler manufacturing
  • Sccooter manufacturing

BRAND MILESTONES

Splendor continues to be the Number 1 Motorcycle brand with almost 3 mn units sold

HF Deluxe crosses the 2 mn milestone

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  55,288 Cr.
  • Current Price:  2,768
  • 52 weeks High / Low  3022.90 / 1475.00
  • Book Value:  721.25
  • Stock P/E: 18.28
  • Dividend Yield: 3.25 %
  • ROCE: 27.23 %
  • ROE: 21.97 %
  • Sales Growth (3Yrs): 0.74 %

BONUS SHARE ISSUE HISTORY

Bonus History (Hero Motocorp)

DateBonus Ratio
04-08-19981:1
27-10-19941:4

HERO MOTO CORP LTD PERFORMANCE IN LAST 10 YEARS

Year20102020CAGR 
Growth(%)
Sales15,75828,8366.23%
Profit2,2323,6334.99%
Share Price181927684.29%

#5. Eicher Motors Ltd

 Eicher Motors Ltd is the 5th largest automobile company in India with a market cap of  54,929 Cr. in 2020

IndustryAutomotive
Founded1948,42 Years ago
FounderVikram Lal
Chairman & MDSiddhartha lal

Eicher Motors Limited, incorporated in 1982, is the listed flagship company of the Eicher Group in India and a leading player in the Indian automobile industry.

Additionally, the company operates as a holding company for investments in VE Commercial Vehicles Limited. A joint venture of EML (54.4%) and AB Volvo (45.6%), VECV came into existence with effect from July 1, 2008.

BUSINESS SEGMENTS

#1. Motorcycles

EML manufactures and markets motorcycles under the iconic Royal Enfield brand, with its production facilities based in Chennai, Vallam Vadagal and Oragadam (Tamil Nadu).

It also has research and development (R&D) facilities at two locations, Leicestershire, UK, and Chennai

  • World’s oldest motorcycle brand in continuous production
  • 96% Market share in India’s mid-size (250 cc-750 cc) motorcycles segment

PORTFOLIO

  • Motorcycles – Classic, Bullet, Himalayan, Interceptor INT 650 and Continental GT 650
  • Apparel – Protective riding apparel, urban casual wear, and riding accessories
  • Motorcycle accessories Protective seats, bodywork, controls, wheels, luggage, and engine

#2. VE Commercial Vehicles

  • Leadership position in Light and Medium vehicle segment
  • 29.5% Market share in India’s light & medium duty (3.5 to 15 tonnes) CV segment

PORTFOLIO

  • Eicher branded Light & Medium-duty trucks (4.9-15 tonnes), Heavy-duty trucks (16-55 tonnes) and buses (12 – 62 seats)
  • Volvo Trucks
  • Engineering components and aggregates
  • Manufacturing of medium-duty base engines for Euro VI requirements of the Volvo Group

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  54,312 Cr.
  • Current Price:  19,891
  • 52 weeks High / Low  23450.00 / 12450.10
  • Book Value:  3,031
  • Stock P/E: 28.50
  • Dividend Yield: 0.63 %
  • ROCE: 31.37 %
  • ROE: 24.75 %
  • Sales Growth (3Yrs): 8.85 %

EICHER MOTORS LTD PERFORMANCE IN LAST 10 YEARS

Year20102020CAGR 
Growth(%)
Sales4389,07735.41%
Profit751,90438.18%
Share Price64719,89140.86%

#6. Tata Motors Ltd

Tata Motors Ltd is the 6th largest automobile company in India with a market cap of 35,597 Cr. in 2020.

IndustryAutomotive
Founded1945
ChairmanMr. N Chandrasekaran
CEO and Managing DirectorMr. Guenter Butschek

Tata Motors is one of the leading automobile manufacturers in the world, providing mobility solutions to over 175 countries.

It offers automotive products, ranging from sub-1 tonne to 49 tonnes Gross Vehicle Weight (GVW) trucks, small, medium, and large buses and coaches and passenger vehicles.

TML is the leader in India’s Commercial Vehicles (CV) market with a market share of 45.1% and sales of 468,788 vehicles in FY 2018-19 and has gained market share in MHCV, ILCV, and SCV segment.

TML’s market share in the Passenger Vehicles (PV) segment increased by 60bps to 6.3% in FY 2018-19.

BUSINESS

tata motors ltd-automobile company in india revenue mix

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  34,515 Cr.
  • Current Price:  105.15
  • 52 weeks High / Low  201.80 / 63.50
  • Book Value:  204.21
  • Stock P/E:
  • Dividend Yield: 0.00 %
  • ROCE: 2.23 %
  • ROE: -1.80 %
  • Sales Growth (3Yrs): 3.41 %

BONUS SHARE ISSUE HISTORY

Bonus History (Tata Motors)

DateBonus Ratio
28-09-19953:5
29-04-19822:5
29-04-19792:5
29-04-19771:5

TATA MOTORS LTD PERFORMANCE IN LAST 10 YEARS

Year20102020CAGR 
Growth(%)
Sales92,519261,06810.93%
Profit2,571-12,071
Share Price159105.15-4.05%

#7. TVS Motor Company Ltd

TVS Motors company ltd is the 7th largest automobile company in India with a market cap of 18,902 Cr. in 2020.

IndustryAutomotive
Founded1978; 42 years ago
FounderT.V. Sundaram Iyenga
Chairman& MDVenu Srinivasan

TVS Motor Company Ltd (TVSM) is amongst the largest two-wheeler manufacturers in India.

TVSM currently manufactures a wide range of two-wheelers and three-wheelers at its manufacturing facilities located at Hosur (Tamil Nadu), Mysore (Karnataka), and Nalagarh (Himachal Pradesh) with a total installed manufacturing capacity of 55.00 lakh two-wheelers and 2.0 lakh three-wheelers per annum as on March 31, 2019.

BUSINESS SEGMENTS

TVS Motors Ltd has over the years established itself as a leading player in the domestic two-wheeler industry and is the only company to have a presence in all the three categories,

  • Motorcycles
  • Scooters
  • Mopeds

in the domestic market.

In addition to established pan India presence in the domestic market, TVSM also exports to various countries such as Bangladesh, Nigeria, Sri Lanka, Guinea, Kenya, Nepal, etc

Tvs motors ltd sales volume break-up
tvs motors ltd sales volume break-up(%)

PRODUCT PORTFOLIO

TVSM has a strong presence in the scooter segment through Jupiter, N-Torque, Scooty Zest, Scooty Pep, etc.

The premium segment (150cc and above) has been one of the faster-growing motorcycle segments and TVSM has a strong presence through TVS Apache.

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  18,902 Cr.
  • Current Price:  397.85
  • 52 weeks High / Low  504.00 / 240.10
  • Book Value:  69.08
  • Stock P/E: 29.08
  • Dividend Yield: 0.88 %
  • ROCE: 12.97 %
  • ROE: 20.15 %
  • Sales Growth (3Yrs): 14.79 %

BONUS SHARE ISSUE HISTORY

Bonus History (TVS Motor Company)

DateBonus Ratio
21-07-20101:1

TVS MOTORS LTD PERFORMANCE IN LAST 10 YEARS

Year20102020CAGR 
Growth(%)
Sales4,54418,84915.29%
Profit3462533.80%
Share Price37.80397.8526.54%

#8. Escorts Ltd

Escorts Ltd is the 8th largest automobile company in India with a market cap of 16,226 Cr. in 2020

IndustryAutomotive
Founded1960
Chairman and Managing DirectorNikhil Nanda

Escorts Ltd is one of India’s leading engineering conglomerates. It manufactures best-in-class equipment for agriculture, infrastructure, and railways.

The company has 1,000+ Dealers, stockists and distributions, and 1200+ sales and services outlets.

BUSINESS SEGMENTS

Escorts Agri Machinery(EAM): It is one of India’s foremost tractor manufacturers, offering more than 225 variants (12 to 75 HP) in the domestic market under three marquee brands: Farmtrac, Powertrac, and Steeltrac.

  • Total Plants : 6
  • Annual capacity : 1,52,500+ tractors

Escorts Construction Equipment(ECE) : addresses India’s diverse infrastructure requirements with a wide baskets of material handling,road building,earth moving and other equipment services.

It is a dominant player in material handling cranes, compactors, and backhoe loaders of construction equipment. It is among the world’s largest manufacturers of Pick and Carry (PnC) hydraulic mobile cranes.

  • Total Plants : 2
  • Annual capacity : 10,000+

Railway Equipments Division (RED): plays a key role in the evolution of the Indian Railway, with frugally engineered products, cutting-edge technology and state of the art R&D

  • Total Plants: 2
  • Monthly capacity :
    • 1,100 couplers (AARH and Shaku)
    • 1,500 air brakes
    • 200 EP brakes
    • 88,000 brake blocks

REVENUE BREAK-UP(%)

Escorts ltd automobile company in india sales break up

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  16,230 Cr.
  • Current Price:  1,204
  • 52 weeks High / Low  1210.65 / 423.30
  • Book Value:  231.20
  • Stock P/E: 33.82
  • Dividend Yield: 0.21 %
  • ROCE: 24.26 %
  • ROE: 16.75 %
  • Sales Growth (3Yrs): 22.20 %

BONUS SHARE ISSUE HISTORY

Bonus History (Escorts)

DateBonus Ratio
03-05-19873:5
03-05-19793:5
03-05-19773:5
03-05-19741:2
03-05-19681:5

ESCORTS LTD PERFORMANCE IN LAST 10 YEARS

Year20102020CAGR 
Growth(%)
Sales3,3245,8105.74%
Profit13247213.59%
Share Price141.85120423.85%

#9. Ashok Leyland Ltd

Ashok Leyland Ltd is the 9th largest automobile company in India with a market cap of 15,162 Cr. in 2020

IndustryAutomotive
Founded7 September 1948
ChairmanDheeraj G Hinduja

Ashok Leyland Limited, Flagship Company of the Hinduja Group, is one of the largest commercial vehicle manufacturers in India.

It is one of the largest manufacturers of Medium and Heavy Commercial Vehicles (M&HCV) and also has a presence in the Light Commercial Vehicle (LCV) segment.

ALL’s product profile includes buses, trucks, engines and defense vehicles.

MANUFACTURING FACILITY

ALL has seven manufacturing plants (total manufacturing capacity of 1,50,500 units) across five different locations, with the

  • Parent plant at Ennore (Chennai, Tamil Nadu),
  • Three plants at Hosur (Tamil Nadu),
  • Foundry at Sriperumbudur(Tamil Nadu),
  • Gearbox manufacturing and vehicle assembly plant at Bhandara (Maharashtra),
  • Assembly plant with bus body building facility at Alwar (Rajasthan) and
  • A fully integrated unit in Pant Nagar (Uttarakhand)

BUSINESS SEGMENTS

  • M&HCV Truck Segments: The company is in the Global Top 10 in M&HCV trucks (>7.5t GVW)
  • M&HCV Bus segment: The company maintained its Global 4th position in volume sales. In the domestic M&HCV Bus Segment, the company continues to maintain overall leadership, with a market share of 41.2%.
  • LCV segment
  • Power Solution Business
  • Aftermarket
  • Defense
  • Foundry Division

SALES VOLUME MIX

Ashok leyland ltd sales volume break-up

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  15,162 Cr.
  • Current Price:  51.65
  • 52 weeks High / Low  87.50 / 33.70
  • Book Value:  26.53
  • Stock P/E: 41.99
  • Dividend Yield: 0.97 %
  • ROCE: 16.91 %
  • ROE: 25.23 %
  • Sales Growth (3Yrs): 16.01 %

BONUS SHARE ISSUE HISTORY

Bonus History (Ashok Leyland)

DateBonus Ratio
15-06-20111:1
03-09-19781:2

ASHOK LEYLAND LTD PERFORMANCE IN LAST 10 YEARS

Year20102020CAGR 
Growth(%)
Sales7,40717,4678.96%
Profit424240-5.53%
Share Price26.8051.656.78%

#10. Force Motors Ltd

Force Motors Ltd is the 10th largest automobile company in India with a market cap of 1,224 Cr. in 2020

IndustryAutomobile
Founded1958
ChairmanAbhay Kumar Firodia
Managing DirectorPrasan Firodia

Established in 1958, Force Motors Ltd is the flagship company of the Abhay Firodia group.

The company is a vertically integrated manufacturer of small and light CVs, multi-utility vehicles, and agricultural tractors.

Under the auto components division, engines are assembled for Mercedes-Benz India Pvt Ltd and BMW India Pvt Ltd.

The primary brands in LCVs and multiutility vehicles include Traveller Trax and Shaktiman, while the brands in tractors are Balwan, Orchard, Abhiman, and Sanman.

MARKET SHARE

  • Passenger segment of LCV: 37.9%
  • LCV School and Ambulances segment: 70%+

CURRENT YEAR FINANCIAL DATA

  • Market Cap:  1,224 Cr.
  • Current Price:  928.40
  • 52 weeks High / Low  1504.00 / 580.00
  • Book Value:  1,477
  • Stock P/E: 17.31
  • Dividend Yield: 1.08 %
  • ROCE: 10.22 %
  • ROE: 7.67 %
  • Sales Growth (3Yrs): 6.48 %

BOMUS SHARE ISSUE HISTORY

Bonus History (Force Motors)

DateBonus Ratio
26-07-19861:1
26-07-19781:1
26-07-19731:1

FORCE MOTORS LTD PERFORMANCE IN LAST 10 YEARS

Year20102020CAGR 
Growth(%)
Sales9563,08012.41%
Profit6058-0.34%
Share Price295928.4012.05%

Financial data taken from www.screener.in

 


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