Top 10 Companies in Automobile Sector in India

Given that the automobile industry is crucial to both macroeconomic expansion and technological advancement, it has historically been a reliable barometer of how the Indian economy is performing.

Being the largest tractor, second-largest bus, and third-largest heavy truck manufacturer in the world, the Indian market holds a strong position in the global heavy vehicle industry. In FY22, 22.93 million automobiles were produced annually in India.

Automobile Sector companies are listed below based on their total revenue in this year

10. SML Isuzu Limited

• Founded: 1983
• Headoffice: CHANDIGARH
• Industry: Commercial Vehicles
• Brand: Swaraj Mazda
• Listed in Exchange:NSE(SMLISUZU), BSE(505192)
• CEO: Junya Yamanishi

SML Isuzu Limited formally known as SMLI is an Indian commercial vehicle manufacturing company. The company is a joint venture between Swaraj Mazada ltd and Isuzu motors ltd from Japan.

SMLI produces a range of commercial vehicles including buses, trucks, and tippers. they are a strong presence in the domestic market and export.

In terms of exports, the company is actively striving to diversify its product offering for global markets and regions, to build its brand’s reputation outside of India, and to look into potential new markets and markets for its products.

Currently, Nepal, Bhutan, and Bangladesh—neighboring nations that are currently experiencing economic downturns and have imposed import restrictions—provide the majority of the company’s export volumes.

SML Isuzu Network and manufacturing plant:

• Manufacturing Plant in Punjab
• 11 Zonal offices
• 230 Dealer Network locations
• 209 Service Network locations

SML Isuzu Financial Parameter:

• Net worth: 161.5 Cr
• Sales of the year: 7,392
• Revenue from operation: 924.17Cr
• Profit before tax: (100.27)Cr
• Profit of the year: (94.08) Cr

SML Isuzu Ratio:

• Debtors Turnover: 15.65
• Inventory Turnover: 2.72
• Interest Coverage Ratio: -1.64
• Current Ratio: 0.71
• Debt-Equity Ratio: 1.80
• Operating Profit/(Loss) Margin (%): -3.81%
• Net Profit/(Loss) Margin (%): -10.79%
• Return on net worth (%): 45.12%

9. Eicher Motors Ltd

• Founded: 1982
• Head office: Chennai, India
• Industry: 2/3 Wheelers
• Brand: Royal Enfield, Volvo
• Listed in Exchange: NSE(EICHERMOT), BSE(505200)
• CEO: B Govindarajan

Eicher Motors Ltd formally known as EML is one of the popular Indian multinational automobile company and has a variety of business ventures in the production of motorcycles and commercial vehicles.

Royal Enfield’s a subsidiary of EML and is the market leader in the 250cc-750cc middleweight motorbike sector. Additionally, EML owns the majority of the stock in the partnership between AB Volvo of Sweden and VE Commercial Vehicles (VECV).

EML and Sweden’s AB Volvo have formed a joint venture called VE Commercial Vehicles Ltd (VECV). EML owns a majority of it, while the two partners share management duties evenly. VECV is now leading the charge to modernize the CV market in India and other developing nations thanks to access to global technology and procedures.

Royal Enfield has 3 modern manufacturing facilities at Orgadam and Vallam Vadagal with adjunct facilities continuing at Thiruvottiyur.

Eicher Enfiled Financial position:

• Sales: 6,52,551 units
• Revenue from operation: 10,297.83 crores
• EBITDA: 2,172.25 crores
• Profit before tax: 1,720.32 crores
• Profit of the yearFY22: 1676.60 crores

The ratio of Eicher Enfield:

• Inventory Turnover Ratio: 6.1
• Current Ratio: 1.9
• Net Profit Margin: 16.3%
• Return on Equity: 13.8%
• Earnings per share: 61.3

8. TVS Motor Company Limited

• Founded: 1911
• Headoffice: Chennai, Tamilnadu
• Industry: 2/3 Wheelers
• Brand: TVS
• Listed in Exchange:NSE(TVS MOTOR), BSE(532343)
• CEO: K.N. RADHAKRISHNAN

TVS Motor Company is well-known for producing two and three-wheels in India and also have a few of the regions where Middle East, Africa, SE Asia, the Indian subcontinent, and Latin and Central America.

They have manufactured Two-Wheelers, Three-Wheelers, and Parts & Accessories based on consumers, experts, and the trade which is loved by every customer.

TVS Motor has 3 Manufacturing plants in India. they are,

• Hosur in Tamil Nadu,
• Mysore in Karnataka and
• Nalagarh in Himachal Pradesh
• Two wheeler company of TVS company has a production capacity of nearly 4.95 Million Units

TVS has a footprint in the electric 2-wheeler segment to capture its position and give competition to other bike companies. TVS has created a dedicated vertical with over 600 engineers and adopted the Centres of Competency (COCs) with the agile working approach.

TVS Financial position:

• Net worth: 4,822 Cr
• Sales: 31.37 lakhs
• Revenue from operations: 20790.51 crores
• Profit before Tax: 1213.21 crores
• Profit for the year: 893.56 crores

TVS Ratio:

• Current ratios: 0.6
• Net debt / Equity ratio: 0.3
• Return on equity:19.9%
• Inventory turnover ratio: 13.9
• Debtors turnover ratio: 22.8
• Net profit ratio: 4.3%

7. Ashok Leyland Limited

• Founded:1948
• Headoffice: Chennai
• Industry: Commercial Vehicles
• Brand: Ashok Leyland
• Listed in Exchange:NSE(ASHOKLEY), BSE(500477)
• CEO: Mr. Vipin Sondhi

Ashok Leyland company belongs to The Hinduja Group, Ashok Leyland is the fourth-largest bus manufacturer in the world, the second-largest producer of commercial vehicles in India, and the nineteenth-largest producer of trucks.

One of the most vertically integrated manufacturing businesses on this side of the planet is Ashok Leyland.

Ashok Leyland has one of the largest and fastest-growing networks in the commercial vehicle sector, with 52577 touch points, including 1721 unique touch points and 11,000 stores for Leyparts.

In addition to continuing to fortify its network in SAARC and GCC nations, the company concentrated on increasing its worldwide reach throughout African retail markets.

In the domestic market, the company sold 65,090 M&HCVs, an increase of 41.5% over the previous year. LCV sales increased by 11.9% to 52,222 vehicles over the prior year. While the overall industry volume increased by 49.7%, Your Company was able to secure a market share of 27.1% in the M&HCV Bus and Truck segment.

Ashok Leyland Financial Parameter:

• Sales: 128,326
• Revenue from operation: 21,688 Cr
• Profit before tax: 528 Cr
• Profit of the year: 542 Cr

Ratio:

• Debtors turnover: 7.32
• Inventory: 7.95
• Interest coverage ratio: 3.53
• Current ratio: 0.99
• Debt-equity ratio: 0.49
• Operating profit margin (%): 4.6
• Net profit margin (%): 0.1
• Return on net worth (%): 0.4

6. Hero MotoCorp Ltd

• Founded: 1983
• Headoffice: New Delhi (India)
• Industry: MOTORCYCLES/SCOOTERS
• Brand: Hero
• Listed in Exchange: NSE(HEROMOTOCO), BSE(500182)
• CEO: Dr. Pawan Munjal

Hero MotoCorp Ltd. is an Indian motorcycle manufacturer, and we consider HERO to be one of the most well-known brands worldwide.

Hero is involved in more than only the production of bikes, scooters, and consumer sales. They are engaged in the production of accessories and spare parts for their motorcycles. They designated the Parts Accessories and Merchandise (PAM) business for this section.

Hero has seized possibilities to finance their product if the client needs it in order to serve them. They generate revenues of 41% under the name of Hero FinCorp with this service.

Due to Hero MotoCorp’s decision to collaborate with Harley-Davidson in India, 531 units were sold in FY21–22, increasing Harley-market Davidson’s share in the 1000cc+ sector to 37%.

HeroMotoCorp Financial Information:

• Number of Motorcycles and Scooters Sold FY22: 49 Lakhs
• Revenue from Operations: ₹ 29,245 crores
• EBITDA: ₹ 3,369 crores
• Profit Before Tax: ₹ 3,250 crores
• Profit After Tax: ₹ 2,473 crores

The key ratio of Hero:

• Debtors Turnover Ratio: 12.13
• Inventory Turnover Ratio: 16.07
• Interest Coverage Ratio: 140.04
• Current Ratio-times: 1.99
• Debt Equity Ratio: 0.01
• Operating Profit Margin: 9.30%
• Net Profit Margin: 8.30%
• Return on Net Worth: 15.96%

5. Force Motors Ltd

• Founded: 1958
• Headoffice: Mumbai
• Industry: Passenger Cars & Utility Vehicles
• Brand: Force
• Listed in Exchange:NSE(FORCEMOT), BSE(500033)

Force Motors Limited is an Indian automobile company with a focus on the production of a variety of vehicles, including buses, lorries, tractors, and passenger cars.

Force Motors Limited’s salient features include:

Product range: Force Motors offers a range of vehicles, including light commercial vehicles, medium and heavy commercial vehicles, tractors, and multi-utility vehicles.

Collaborations: To develop and produce cars for the Indian market, Force Motors has partnered with a number of foreign businesses, including Mercedes-Benz and MAN Truck & Bus.

The market for exports: Force Motors sells a sizable share of its automobiles to nations all over the world, including those in Asia, Europe, and Africa.

Manufacturing facilities: The business runs multiple factories in India, including ones in Chennai, Pune, and Akurdi.

Research and development: Force Motors R&D center at Akurdi, Pune invests heavily in research and development to continuously improve its products and stay at the forefront of the automotive industry

Force Motor Financial Parameters:

• Revenue from Operation: 1,98,819 lakhs
• Profit before tax: (17,585) Lakhs
• Profit of the year: (12,354) Lakhs

Ratio:

• Debtors Turnover:28
• Inventory Turnover:104
• Interest coverage ratio:(4.82)
• Current Ratio: 1
• Debt Equity Ratio: 0.27
• Operating Profit Margin: 1.93%
• Net Profit Margin:(8.42%)
• Return on Networth:(5.83%)

4. Bajaj Auto Limited

• Founded: 1926
• Headoffice: Pune
• Industry: 2/3 wheeler
• Brand: Bajaj, Pulsar, KTM
• Listed in Exchange:NSE(BAJAJ-AUTO), BSE(532977)
• CEO: Rajiv Bajaj

Bajaj Auto Limited is a subsidiary of the Bajaj Group, They manufacture and sell 2 and 3-wheeled vehicles both domestically and abroad.

Bajaj Auto has maintained its position in the market by launching a new model under a new brand and updating its old models that were to fulfill its aim, which is focused on the consumer segment.

With a $300 million investment, Bajaj Auto Limited began production at a brand-new facility in Akurdi to produce electric vehicles. This facility will be able to produce 500,000 EVs annually. The original Chetak scooter factory, which helped establish Bajaj Auto as a household name in India, is located in Akurdi (Pune).

Bajaj Auto is a top leading bike company that holds 11.7% of the share in the Indian market.

Bajaj’s achievement in the International market

• Bajaj crossed the 2.5 million vehicle milestone. This is the first ever in the history of Bajaj Auto.
• Bike exports touched new highs – at almost 2.2 million units, showing a growth of 22% over
• FY2021.
• In 10 of the 12 months, BAL exported more than 200,000 units every month

Bajaj auto financial information:

• Sales: 1,632,897
• Revenue from operation: 33,144.71 crore
• Profit before tax: 6,505.33 crore
• profit of the yearFY22: 5,018.87crore

The ratio of bajaj auto

• Debtors Turnover Ratio:15.18
• Inventory Turnover Ratio:17.86
• Current Ratio: 2.13
• Operating Profit Margin: 15.4%
• Net Profit Margin: 14.6%
• Return on Net Worth: 19.4%

3. Mahindra & Mahindra Limited

• Founded: 1945
• Headoffice: Mumbai
• Industry: Passenger Cars & Utility Vehicles
• Brand: Mahindra and Swaraj
• Listed in Exchange:NSE(M&M), BSE(500520)
• CEO: Dr. Anish Shah

Mahindra & Mahindra Limited is formally known as M&M. The company belongs to the Mahindra Group. its core business is mobility products and farm solutions. It is the largest producer of tractors in the world and one of India’s largest car manufacturers.

Product range: Products and services from M&M include anything from SUVs, pickup trucks, tractors, and commercial vehicles to electric cars, two-wheelers, and construction machinery.

Manufacturing Facilities: The business runs 20 multiple factories in India they are 3 Plant in Mohali Chapperchiri, Sialba Mazari, 1 plant in Jaipur, 1 Plant in Vadodara, 1 plant in Gatpuri, 2 Plants in Kandivali, 2 plants in Chakan, 2 plants in Nashik, 1 in Bangalore, 2 in Zaheerabad, 1 in Nagpur, 2 plants in Pithampur, 1 in Rudrapur, 1 in Haridwar

R&D Facilities: R&D Facilities setup in 21 centers across 8 countries they are India, Finland, France, Italy, Japan, Turkey, UK, USA, and development to continuously improve its products and stay at the forefront of the automotive industry

Mahindra & Mahindra Limited Financial Parameter:

• Sales: 4,55,570
• Revenue from Operation: 57,445.97 Cr
• Profit before tax: 6,235.46 Cr
• Profit of the year: 4,935.22 Cr

Ratios:

• Debtors Turnover: 21.5
• Inventory Turnover: 7.9
• Interest Coverage Ratio: 17.6
• Current Ratio: 1.4
• Debt Equity Ratio: 0.17
• Operating Profit Margin: 12.3%
• Net Profit Margin: 8.6%
• Return on Net Worth (%):13.4%

2. Maruti Suzuki India Limited

• Founded: 1981
• Headoffice: New Delhi
• Industry: Passenger Cars & Utility Vehicles
• Brand: Maruti Suzuki
• Listed in Exchange:NSE(MARUTI), BSE(532500)
• CEO: H. Takeuchi

A well-known automobile company in India is Maruti Suzuki India Limited. It is a Suzuki Motor Corporation subsidiary (SMC). The major subsidiary of SMC is Maruti Suzuki India. Currently, SMC owns 56.37% of its equity. It is a public limited company, and the National Stock Exchange (NSE) and the Bombay Stock Exchange both trade their shares (BSE). In the Indian market for passenger cars, Maruti Suzuki India holds a substantial market share.

Manufacturing Facilities: Two cutting-edge production facilities owned by the company, one each in Gurugram and Manesar in the state of Haryana, can produce 1.5 million units annually.

The third manufacturing facility in Gujarat, managed by Suzuki Motor Gujarat, with a 0.75 million unit yearly manufacturing capacity, bringing the Company’s total production capacity to 2.25 million units. Units created at the SMG plant must be sold and distributed by the Company.

R&D Facilities: Maruti Suzuki India’s Gurugram and Rohtak R&D facilities are supported by SMC, Japan.

Maruti Suzuki India Financial Parameter:

• Sales: 1,652,653
• Revenue from operation: 900,891 Million
• Profit before tax: 45,823 Million
• Profit of the year: 37,663 Million

Ratio:

• Debtors Turnover: 51
• Inventory Turnover: 26
• Interest Coverage Ratio: 389
• Current Ratio: 1.0
• Debt Equity Ratio: 0.006
• Operating Profit Margin: 3.5%
• Net Profit Margin (%) 4.5%
• Return on Net Worth 7.1%

1. Tata Motors Limited

• Founded: 1945
• Headoffice: Mumbai
• Industry: Passenger Cars & Utility Vehicles
• Brand: TATA, Jaguar, and Land Rover
• Listed in Exchange:NSE(TATAMOTORS), BSE(500570)
• CEO: Mr Guenter Butschek

Tata Motors is the top car manufacturer in the world which belongs to the Tata Group. In India, Tata Motors is one of the top three producers of passenger cars and the country’s top seller of commercial vehicles.

A variety of vehicles, including cars, buses, lorries, and military vehicles, are produced by Tata Motors. The Tata Nano, the Tata Indica, the Tata Safari, and the Tata Hexa are a few of the brand’s best-selling vehicles.

In addition to producing and marketing automobiles under its own brand, Tata Motors also produces and markets vehicles under the Jaguar and Land Rover names.

To establish itself as a global leader in the EV space, Tata Motors has concentrated on increasing the range of electric vehicles (EVs) it offers. The business has created several EVs, such as the Tata Nexon EV and the Tata Altroz EV, and it has plans to release additional electric vehicles in the future.

Tata Motor Financial Parameter:

• Sales: 3,72,157
• Revenue from operation: 2,78,453.62 Cr
• Profit before tax:(7,003.41)Cr
• Profit of the year: (11,308.76)Cr

The ratio of Tata motor:

• Debtors turnover ratio (in times) 21.84
• Inventory Turnover (in times) 5.07
• Interest coverage ratio: 0.19
• Current Ratio (in times) 0.98
• Debt Equity ratio (in times) 3.13
• Operating Profit Margin (%) 8.70
• Net Profit Margin (%) (4.06