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Indian automobile sector is one of the most progressive sectors of economy. A number of companies selling cars in various segments offer buyers innumerous options to choose from. Have a look at this growth pace and top Indian automobile companies.
Steal a Glace at Indian Automobile Industry
According to the recent reports, Indian car manufacturing industry is growing by leaps and bound. However, competition is stiff and even a number of companies are selling their products through various promotional offers. Reasons behind this phenomenal growth and dense, yet healthy competition are many including but not limited to increasing per capital income, improved standard of life and easy availability of necessary credit. Besides, new technologies invented by the multinational companies also give this progress a boost.
Well, this article aims to provide you some info about automobile sector in India. Have a look!
History of Indian Auto market:
Indian car manufacturing industry got its emergence in 1940’s. In the beginning, the market was growing very slowly due to nationalization. The production was also based on the technologies invented by the foreign countries. But later on various Indian companies started to implement their own innovative ideas. With the liberalization of Indian automobile market in 1991, several multinational companies started a joint venture with the existing Indian companies. The production was increased with the entrance of new firms and the sector acquired rapid growth globally.
Top car manufacturing companies in India:
Though Indian automobile market is facing the slow down but there are a number of companies that produce various models with latest features.
Tata Motors:
The company founded in 1945 with the former name "Tata Engineering and Locomotive Company". It is headquartered in Mumbai. Name of the group came into headline when it launched its new brand named as Tata Nano, a cheap and small car in 2008. Safari, Indica, Indigo and Aria etc. are the leading brands being sold by the firm.
Maruti Suzuki:
Maruti Suzuki, one of the most famous automobile groups founded by Mr. Sanjay Gandhi in 1981. With the 45% market share value, the group is leading in Indian market. Despite of facing disputes with labour at its Manesar plant, Maruti has always been known for its reliability in India. Alto, 800, Omni and wagonr etc. are the top models of the company. Tyres of these cars are extremely durable. Whether you buy Wagon R tyres or swift tyres, they all are awesome in their performance.
Hyundai:
Since its inception in India, the name is well- known for its steady growth. Hyundai motors India ltd. has been ranked as India’s top car exporter continuously for seven years. The most selling models of Hyundai are Eon, Santro, Accent and Elantra etc. Hyundai grand has been awarded as "The Indian Car of the Year 2014." Car tyres of Hyundai brand are always good, in terms of road performance.
Mahindra and Mahindra:
Mahindra and Mahindra is getting lead as one of the trusted names in Indian automotive market. It is especially known for its large spacing models. The major models of the group are Scorpio, Bolero, XUV 500, Quanto and Xylo etc.
Toyota:
A well-known auto industry has been launched in India in 1997. Inova, Etios, Fortuner, Prius and Prado are the leading brands of the company. Toyota always takes initiative of launching new technology cars. It provides environmental friendly and fuel-efficient cars.
Honda:
Honda was constituted in India in 1995, as a subsidiary of Honda Motors Co. Ltd., Japan. The name is known for its reliability and quality products in India. The company launched its new model Amaze a diesel based car in 2013 that attracted customers a lot.
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