Automotive INDIA

It was 1897 when for the first time in India, a car was on roads. Till late 1930s, almost all cars in India were imported directly.

It was in early 1940s that Mahindra&Mahindra began assembly of JEEP utility vehicles under license from Willys. The company soon branched out into the manufacture of LCVs & Agricultural Tractors. After independence Government and Private sector came together to form automotive component manufacturing industry that will take care of the Automobile supplies. Too much documentation lead to slow progress untill in 1970 when the real change started to reflect in Indian automotive industry. However the growth was mainly driven by tractors, commercial vehicles and scooters. Cars were still a major luxury.  

Just then Suzuki (Japanese manufacturers) decided to foray into Indian market and that's where the foundation of Maruti Udyog was laid with a window for every Indian's dream to own a car. Since then, automotive component and automobile manufacturing growth has been a story which every country wants to replicate

Tata Motors, M&M were quick to seize this lifetime opportunity by expanding their operations. From 2003 to 2010, car sales in India have progressed at a CAGR of 13.7%, and with only 10% of Indian households owning a car in 2009. This progression is unlikely to stop in the coming decade.

Some of the Indian automotive companies includes;
 Tata Motors

Chinkara Motors
Hindustan Motors
ICML
Mahindra
Premier Automobiles Limited
San Motors

Vehicles manufactured or assembled in India;

Maruti Suzuki, a subsidiary of Japan's Suzuki Motor
BMW India
Fiat India
Ford India
General Motors India
Chevrolet
Honda Siel
Hyundai Motor India
Land Rover

Mercedes-Benz India

Mitsubishi

Nissan Motor India

Renault India

Toyota Kirloskar
Audi India
Škoda Auto India
Volkswagen India

Vehicles brought into India as CBUs

Aston Martin

Bentley

Bugatti

Ferrari

Jaguar

Koenigsegg

Lamborghini

Land Rover

Maserati

Maybach

Porsche

Rolls Royce

Volvo

Commercial vehicle manufacturers in India [Local Brands]

Force

Hindustan Motors

Premier

Tata

AMW

Eicher Motors

Joint Venture Brands

VE Commercial Vehicles Limited - A JV between Volvo Groups & Eicher Motors Limited.

Ashok Leyland - JV between Ashok Motors and Leyland Motors

Mahindra Navistar - a 51:49 JV between Mahindra Group and Navistar International

Swaraj Mazda - a JV between Punjab Tractors and Mazda, now owned by Sumitomo Group

Kamaz Vectra - A JV between Russia's KaMAZ and the Vectra Group

Foreign brands

Volvo

Tatra

MAN - as a JV with Force Motors, makes MAN Trucks in India

Mercedes-Benz

Daimler AG - manufactures BharatBenz

Rosenbauer

Scania

Iveco

Hino

Isuzu

Piaggio

Caterpillar Inc.

Electric car manufacturers in India

Ajanta Group

Mahindra

Hero Electric

REVA

Tara International

Tata

Over the past few years, the Motor Vehicle Manufacturing industry has become more volatile. This has been the result of fluctuations in metal prices and fuel prices, as well as changes in legislation and assistance packages. India’s increasing per capita disposable income and growth in exports is playing a major role in the rise and the competitiveness of the industry. As per the BRIC report India’s per capita disposable income from current year will rise by 106% in 2015. This increase in the spending power has been a forefront of the economic development. 

According to the Economic Times of India, economic liberalization – allowing unrestricted Foreign Direct Investment (FDI) and removing foreign currency neutralisation and export obligations – has been also been one of the key to India’s automotive volatility.

Data Source: Wikipedia

Vijesh Sivadasan

Sr. Manager - Strategic Accounts & Client Services

Tooltech Global Engineering Pvt. Ltd.

M: +46 768788178

Email: vs@tooltech.net