Indian Automobile Industry

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Automobile Industry in India is growing in a very high rate with more than 1 million passenger vehicle sales per annum and overall 10-15% growth annually. Now more and more foreign manufacturers are coming to India and existing companies are coming up with new models. India’s automotive industry is now $34 billion worth and expected to grow $145 in another 10 years. Indian Automobile industry is the tenth largest in the world with an annual production of approximately 2 million units.

Passenger Vehicles

In passenger vehicle segment still Maruti Udyog is the leader with around 52%, market share followed by Hyundai Motors with 19% and Tata Motors with 16%. Other players in this segment are Honda Siel Cars and Ford India Pvt. Ltd.

Utility Vehicles

Mahindra and Mahindra is the top player in this segment with a market share of 42% followed by Toyota Kirlosker and Tata Motors. Other manufacturers are Maruti Udyog, General Motors and Hyundai India.

Medium and Heavy Commercial Vehicles

Tata Motors leads this segment with 61% market share followed by Ashok Leyland, Eicher Motos and Swaraj Mazda.

Light Commercial Vehicles

Passenger carriers segment leads by Tata Motors with 46% share followed by Mahindra and Mahindra, Swaraj Mazda and Force Motors. Good carriers segment also leads by Tata Motors with 58% market share. Other players in this segment are Mahindra and Mahindra, Swaraj Mazda and Force Motors.

Automobile Manufacturers

Maruti Udyog Limited

Maruti Udyog Limited (MUL) was established in Feb 1981 with 18.28% share by Government of India and 54.2% by Suzuki of Japan. Maruti is the biggest car manufacturer in India and leader in small car segment. It is the largest passenger vehicle company.

Models: 800, Omni, 1000, Alto, Esteem, Baleno, Gypsy, Swift, WagonR, Versa and Grand Vitara.

Hyundai Motors India

Hyundai Motors India Limited (HIML) is the second largest car manufacturer in India. It is a wholly owned subsidiary by Hyundai Motors Company, South Korea.

Models: Santro, Getz, Accent, sonata, Verna, Elanta, Terracan and Tucson.

Ford India Private Ltd

Ford Motor Company and Mahindra and Mahindra started a joint venture in 1995 with 50:50 share as Mahindra Ford India Limited (MFIL) and later Ford increased its share and now it is Ford India Pvt Ltd. Manufacturing plant is at Maraimalai Nagar near Chennai.

Models: Escort, Ikon, Mondeo, Endeavour, Fusion and Fiesta

Fiat India Pvt Ltd.

Fiat India has models like Palio and Siena. Fiat India has manufacturing plants at Mumbai and Pune.

Models: Uno, Sienna, Palio and Petra

Indian Automobile industry is expected to achieve mass motorization status by 2014. Now Indian two wheeler industry is the second largest in the world and the largest three wheeler manufacturer in the world. This industry is a great contributor to the Indian economy.