Top Indian Companies Selling Cars
The automotive industry that caters the republic of India is one of the largest that is present in the entire world. In India, the automotive industry ranks second in the production of the motorcycles in all over the world. The annual sale that is encountered in India is US $ 8.5 million. The passenger car as well as the commercial vehicles that are manufactured in India, ranks seventh amongst all over the world. There is a production number of 2.6 million units if those in India. India is the presently fourth largest exporter of cars in Asia. In the financial year pertaining to the 2009 year, it seen that India is home to almost 40 million in number of the passenger vehicles and more than 1.5 million cars were sold in India during that financial year. India serves as the second largest market for the growth of automobile in the world. India, the automobile market grows at the rate of 26% per annum. In the year 2050, it is projected that India will be top amongst the number of cars in the entire world. In the guide to follow, we are going to have an overview pertaining to the top companies in India that are involved in the business of selling cars.
Tata motors is the largest company in India that is involved in the business of selling cars. The consolidated revenue of the Tata motors is considered to be US $ 20 billion in the financial year pertaining to year 2009-10. It is the leader when it comes to the sale of the commercial vehicles in India. Tata motors has a range of cars to offer. It includes the various segments in the compact, mid-size as well as utility vehicles types. The company Tata motors is the fourth largest manufacturers when it comes to the manufacturing of the trucks all over the world in numbers. The bus manufacturing division of Tata motors is the second largest manufacturing unit for the buses in India with more than 26000 employees working under it. Tata motors has sold as well as produced 4 million of the vehicles in India. The company was established in the year 1945 and it started manufacturing of the locomotives. The company then extended its business towards the production of the commercial vehicles in the year 1954. Tata motors is listed on the Bombay Stock Exchange as well as New York Stock Exchange. The annual revenue that is generated for Tata motors exists more than 320 million Rupees in India.
Maruti Suzuki is the partial subsidiary of the Japanese car manufacturing company called as Suzuki Motor Corporation which is a giant in Japan. It is the largest passenger car company that exists in India. It is presently enjoying a market share of as large as 45 per cent. The company Maruti Suzuki is well established in the Indian market as well as offers a complete range when it comes to the cars right from the entry level up to the Sports Utility Vehicles. It was the first ever company in India that invested such that it could produce cars in mass production in India as well as sell more than a million numbers of cars in Indian market. It is known about in bringing the automobile revolution in the Republic of India. The headquarters of the company Maruti Suzuki is located in Delhi in India. It was previously called as the Maruti Udyog Limited in India. It is responsible for the production of motorcycles, cars as well as other automobiles in India. It enjoys revenue of US $ 4.8 billion per year.
Mahindra and Mahindra
It is a part of the Indian conglomerate. It is a part of the Mahindra group in India. The company was in the initial stages set up in order to the manufacturing of the utility vehicles in India. The company Mahindra and Mahindra started their business in India in order to manufacture the jeeps in India. There were branches developed for this company in the later stages of expansion and the company started with the manufacturing of the light commercial vehicles in India. It also is involved in the field of manufacturing the tractors in India. It started growing rapidly in India to manufacture the vehicles for the Indian army as well as tractors to the agricultural sector of India. The company?s expansion policies has made in enable to envision growths in the other markets than the traditional markets of India. It entered the two wheeler segment in India as well as manufactured the first electric care for India called as REVA.
Thus we have seen the top companies in India selling cars.
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