The Rapid Evolution of the Automotive Industry in India (2023)


In recent years, India has emerged as one of the fastest-growing hubs in the global automotive industry, surpassing countries like South Korea to secure a prominent fifth position. The nation's commitment to actively supporting the production of both utility and passenger vehicles has contributed significantly to this growth. This article delves into the key players in the Indian automotive landscape, shedding light on the notable brands that have not only made a mark domestically but are also eyeing international expansion.

Major Indian Automotive Brands

Tata Motors

  • Established: 1945
  • Founder: J.R.D. Tata
  • Headquarters: Mumbai, Maharashtra, India
  • Website:

Tata Motors, founded in 1945, initially focused on locomotive production before venturing into passenger vehicles in 1954. Over the years, the company has expanded its portfolio, acquiring Daewoo Commercial Vehicles in 2004 and Jaguar Land Rover in 2008.

Mahindra & Mahindra

  • Established: October 2, 1945
  • Founders: Malik Ghulam Muhammad, Jagdish Chandra Mahindra, Kailash Chandra Mahindra
  • Headquarters: Mumbai, India
  • Website:

Founded in 1945, Mahindra & Mahindra started as a conglomerate, and while initially focused on tractors, it has diversified its offerings to include SUVs and light commercial vehicles. It stands today as the largest international conglomerate.

Hindustan Motors

  • Established: 1942
  • Founder: B.M. Birla
  • Headquarters: Kolkata, India
  • Website:

Pioneering the Indian transport market since 1942, Hindustan Motors has been a key player in the production and sale of four-wheeled vehicles. In 2017, it entered into an agreement with Peugeot SA, indicating a strategic move towards joint ventures.

Force Motors

  • Established: 1958
  • Founder: Abhay Firodia
  • Headquarters: Pune, Maharashtra, India
  • Website:

Force Motors Limited, founded in 1958, specializes in multi-purpose and passenger vehicles. The company also manufactures engines for renowned brands like BMW and Mercedes, showcasing its diverse capabilities.

Eicher Motors

  • Established: 1948
  • Founder: Vikram Lal
  • Headquarters: New Delhi, India
  • Website:

Eicher Motors, located in Gurgaon, India, has been manufacturing trucks and commercial vehicles since 1948. It gained prominence through collaborations with international companies and now stands as a wholly-owned Indian entity.


  • Established: 1944
  • Founder: Walchand Hirachand
  • Headquarters: Mumbai, Maharashtra, India
  • Website:

One of India's oldest automotive manufacturers, Premier, was founded in 1944. It gained popularity with the Premier Padmini model during the 1970s and 1980s.


  • Parent Company: DICV (Daimler India Commercial Vehicles)
  • Headquarters: Oragadam, Chennai, India

BharatBenz, a subsidiary of Daimler AG, focuses on buses and trucks. The brand was relaunched in 2011, expanding its production to include heavy tractors.

Maruti Suzuki Ltd

  • Owner: Suzuki Motor Corporation
  • Headquarters: New Delhi, India

Maruti Suzuki Ltd, a subsidiary of Suzuki Motor Corporation, is a significant player in the Indian automotive market, offering a wide range of affordable models.

Ashok Leyland

  • Established: September 7, 1948
  • Founder: Raghunandan Saran
  • Headquarters: Chennai, Tamil Nadu, India
  • Website:

Ashok Leyland, a part of the Hinduja Group, is renowned for producing excellent commercial vehicles. Currently, it holds the second position among manufacturers of commercial vehicles in India.

Bajaj Auto Limited

  • Established: 1926
  • Founder: Jamnalal Bajaj
  • Headquarters: Mumbai, India
  • Website:

Founded in 1926, Bajaj Auto Limited has been a key player in the Indian automobile sector, particularly excelling in the production of three-wheelers and motorcycles.

ICML (International Cars And Motors Ltd)

  • Established: 2003
  • Headquarters: Delhi, India
  • Parent Company: Sonalika Group

International Cars And Motors Ltd, a subsidiary of the Sonalika Group, entered the automotive scene in 2003. Initially focusing on tractors, it expanded into the assembly of off-road vehicles.

Kerala Automobiles Limited (KAL)

  • Established: 1978
  • Headquarters: Thiruvananthapuram, India
  • Owner: Government of Kerala
  • Website:

Kerala Automobiles Limited, founded in 1978, is involved in designing, producing, and marketing various three-wheeled vehicles, including autorickshaws and pickups.

The Landscape of Indian Automobile Companies

India's automotive industry is dynamic and ever-evolving, with several promising companies actively contributing to its growth. Leading the pack are Maruti Suzuki India Limited, Hyundai Motor India Ltd., Tata Motors, and Mahindra & Mahindra Limited. The country hosts a diverse range of both domestic and international brands, including BMW, Skoda, VW, Ford, Hyundai, Honda, and many more.


In conclusion, the Indian automotive sector stands at the forefront of global expansion, with its diverse range of manufacturers catering to the diverse needs of the market. The detailed overview of key players in this article not only provides insights into their histories and achievements but also establishes the robust and competitive landscape of the Indian automotive industry. As this industry continues to flourish, these companies are poised to play a pivotal role in shaping the future of mobility in India and beyond.


Top Articles
Latest Posts
Article information

Author: Foster Heidenreich CPA

Last Updated: 02/01/2024

Views: 5427

Rating: 4.6 / 5 (76 voted)

Reviews: 83% of readers found this page helpful

Author information

Name: Foster Heidenreich CPA

Birthday: 1995-01-14

Address: 55021 Usha Garden, North Larisa, DE 19209

Phone: +6812240846623

Job: Corporate Healthcare Strategist

Hobby: Singing, Listening to music, Rafting, LARPing, Gardening, Quilting, Rappelling

Introduction: My name is Foster Heidenreich CPA, I am a delightful, quaint, glorious, quaint, faithful, enchanting, fine person who loves writing and wants to share my knowledge and understanding with you.