Several factors contribute to the success of the automobile industry, including the availability of trained labour at a low cost, the strength of R&D centres, and the low cost of steel production. In addition, the industry offers excellent potential for investment as well as direct and indirect employment for both skilled and unskilled labour.
From 2016 through 2026, the Indian automobile sector (which includes component production) is estimated to generate Rs. 16.16-18.18 trillion (US$ 251.4-282.8 billion).
Following the recovery from the ravages of the COVID-19 pandemic, the Indian automobile sector is predicted to have considerable development in 2021-22. Sales of electric vehicles, particularly two-wheeler, are expected to increase in the years 2021-22.
The Government of India welcomes foreign investment in the automobile business and has authorised 100 percent foreign direct investment (FDI) in the sector through the automatic route, among other measures.
As of February 2021, the Delhi government has begun the process of establishing 100 vehicle battery charge stations throughout the city in order to encourage the use of electric vehicles.
New Delhi is home to various automobile industries and will continue to be so in the future; electric vehicles will see a significant increase in demand in the near future; and the government is extremely concerned about pollution management in the National Capital Region. Another important element to consider is the rise in the price of fuel.
Take a look at the top ten automobile firms in Delhi/National Capital Region:
1. BMW India Pvt. Ltd.
2. Eicher Motors Limited
3. Ford India Pvt. Ltd.
4. Federal-Mogul Goetze India Ltd.
5. Hero MotoCorp Ltd.
6. Honda Cars India Ltd.
7. Hyundai Motor India Ltd.
8. HD Motor Company India Pvt Ltd
9. India Yamaha Motor Pvt Ltd
10. Maruti Suzuki India Limited
The following is a brief overview of the history, presence, and product offerings of the top ten vehicle manufacturers:
BMW India Pvt. Ltd.
BMW India Pvt Ltd was established in 2006 as a private limited company. Its headquarters are in the city of Gurgaon, in the state of Haryana. In addition to luxury automobiles, it also sells commercial vehicles and motorbikes in many models and configurations. A manufacturing plant in Chennai, a training centre in Gurgaon NCR, a parts warehouse in Mumbai, and a network of dealerships are among the company’s facilities. BMW India Private Limited is a subsidiary of the BMW Group that operates in India.
Eicher Motors Limited
In the Eicher Group, Eicher Motors Limited is the most important company. The company was established in the year 1982. The company has risen to become a household name in the vehicle space industry. It also owns the legendary Royal Enfield motorbike company, which operates in the premium motorcycle category. The headquarters of the company are in Gurgaon, India. Eicher Polaris, VE Commercial Vehicles, and Royal Enfield are some of the company’s subsidiaries (India). Eicher Motors Ltd. is one of the top ten automobile companies in the Delhi/NCR region, according to Forbes.
Ford India Pvt. Ltd.
Ford India Pvt Ltd (Ford India Private Limited) was established in the year 1995. Its headquarters are in Chennai, in the Tamil Nadu district of Kanchipuram. Maraimalai Nagar is the location of the company’s primary manufacturing plant.
Goetze India Limited
It was in 1954 when Federal-Mogul Goetze India Limited was established. The company is engaged in the production, supply, and distribution of automotive components that are used in two-wheeler, three-wheeler, and four-wheeler autos. SUVs, commercial vehicles, locomotive engines, stationary engines, and industrial equipment are all manufactured by the company. In addition, the company manufactures a variety of sintered metal goods, including valve train parts, transmission parts, lubrication pump parts, and various engine and structural components, among other things. It provides solutions for both original equipment manufacturers and aftermarkets in the automotive industry.
Hero MotoCorp Limited
Founded in 1984 by Dr. Brijmohan Lall Munjal, Hero MotoCorp Ltd is a multinational motorcycle manufacturer. Its headquarters are in the city of Gurgaon, in the state of Haryana. In India, it is a scooter and motorbike manufacturer with its headquarters in New Delhi. It is one of the world’s largest manufacturers of two-wheeled automobiles.
Honda Cars India Limited
Founded in the year 1952, Honda Cars India Ltd is a leading automobile manufacturer in India. Its headquarters are in the city of Greater Noida in the state of Uttar Pradesh. The company is a wholly owned subsidiary of Honda of Japan, and it is responsible for the marketing, production, and export of passenger automobiles in India. Various Indian states and union territories are served by the company’s dealership network.
Hyundai Motor India Limited
It was in the year 1966 when Hyundai Motor India Ltd was established with its headquarters in Chennai, Tamil Nadu. It is a wholly-owned subsidiary of Hyundai Motor Company, which also owns the company. It is one of the largest vehicle manufacturers in the country. A wholly owned subsidiary of Hyundai Motor Company, South Korea, Hyundai Motor India Engineering (HMIE) is based in Hyderabad, Telangana, and is part of the Hyundai Motor Group. HMIL has two manufacturing facilities in Tamil Nadu, one in Irungattukottai and the other in Sriperumbudur.
HD Motor Company India Pvt Ltd
HD Motor Company India Pvt Ltd was established in 2009 as a private limited company. The company designs and builds custom, cruiser, and touring motorcycles, which it also sells. The firm includes more than 1,400 Harley-Davidson dealerships that are independently owned and operated in approximately 100 countries. In India, the firm is a significant maker of motorcycles and other vehicles.
India Yamaha Motor Pvt Ltd
India Yamaha Motor Pvt Ltd (formerly known as Yamaha Motor Pvt Ltd) was established in the year 2001. Its headquarters are in the city of Noida, in the state of Uttar Pradesh. It is selling a variety of vehicles, including motorcycles, sport bikes, scooters, and other small vehicles. A wholly owned subsidiary of Yamaha Motor Company, it manufactures and sells motorcycles for both international and domestic markets.
Maruti Suzuki India Limited
A subsidiary of Suzuki Motor Corporation, a Japanese vehicle and motorcycle manufacturer, the company was founded in 1989 in San Francisco. The company’s headquarters are in the Indian capital of New Delhi. The company provides a wide range of popular automobile models. Maruti Suzuki is the manufacturer of the popular automobile model alto. The corporation is one of the oldest enterprises in the world with extensive experience in the manufacture of automobiles.