I would like to bring out the small & very important information in a very simple way to my readers related to our Indian Automakers and their history.
In Part -1 we talk about 4 Automotive Companies that play a major role in Indian Automotive Industry growth.
1. Tata Motors
India is the world's fourth-largest auto market, and it has a growth rate of nearly 15% per year. This means that there is a tremendous opportunity for India's automakers to growth
The Indian automobile industry is one of the fastest-growing industries in India. The companies are gearing up to meet the demand and want of consumers. The automotive industry consists of a number of stakeholders, suppliers, manufacturers, dealers and consumers.
Tata Motors Limited
Founded: 1945
Founder: JRD Tata
Headquarters: Mumbai, Maharashtra, India
Current Non-Executive Director and Chairman: Mr Natarajan Chandrasekaran
Headquarters: Mumbai, Maharashtra, India
Current Non-Executive Director and Chairman: Mr Natarajan Chandrasekaran
Tata Motors Limited is an Indian Automotive manufacturer with its headquarters in Mumbai, India which is part of Tata Group. The company produces passenger cars, trucks, vans, coaches, buses, luxury cars, sports cars, construction equipment.
Formerly known as Tata Engineering and Locomotive Company (TELCO), the company was founded in 1945 as a manufacturer of locomotives. The company manufactured its first commercial vehicle in 1954 in a collaboration with Daimler-Benz AG, which ended in 1969.
Tata Motors entered the passenger vehicle market in 1988 with the launch of the TataMobile followed by the Tata Sierra in 1991, becoming the first Indian manufacturer to achieve the capability of developing a competitive indigenous automobile.
And in 1988 Tata launched the first fully indigenous Indian Passenger car Indica, and Tata is also the first company to launch the world's most affordable Nano Car
References: Wikipedia & Tata Motors
File Photos
Maruti Suzuki formerly Maruti Udyog Limited
Founded: 24th February 1981
Founder: Government of India
Headquarters: New Delhi, India
Current Chairman: Mr RC Bhargava
Headquarters: New Delhi, India
Current Chairman: Mr RC Bhargava
Maruti Udyog Limited was founded by the Government of India on 24 Jan 1981 with Suzuki Motor Corporation as a minor partner, only to become the formal JV partner and license holder of Suzuki in August 2021. The first manufacturing factory of Maruti was established in Gurugram, Haryana, in the same year.
Maruti Suzuki has a market share of 49% in the Indian passenger car market.
In 1991, Suzuki increased its stake in Maruti to 50%, making the company a 50-50 JV with the government of India.
In 2000, Maruti became the first car company in India to launch a call center for internal and customer services.
In 2016, Maruti Suzuki announced the launch of its first light commercial vehicle (LCV) Super Carry in the domestic market.
References: Wikipedia & Maruti Suzuki
File Photos
Mahindra & Mahindra
Founded: 02nd October 1945
Founders: Ghulam Muhammed, Jagdish Chandra Mahindra, Kailash Chandra Mahindra
Headquarters: Mumbai, Maharashtra, India
Chairman: Mr Anand Mahindra
Headquarters: Mumbai, Maharashtra, India
Chairman: Mr Anand Mahindra
Mahindra & Mahindra was founded as a steel trading company on 2 October 1945 in Ludhiana as Mahindra & Muhammad by brothers Kailash Chandra Mahindra and Jagdish Chandra Mahindra along with Malik Ghulam Muhammad (1895–1956).
Mahindra & Mahindra Limited (M&M) is an Indian multinational automotive manufacturing corporation headquartered in Mumbai.
It was established in 1945 as Mahindra & Muhammad and was later renamed as Mahindra & Mahindra.
Part of the Mahindra Group, M&M is one of the largest vehicle manufacturers by production in India.
Its subsidiary Mahindra Tractors is the largest manufacturer of tractors in the world by volume. It was ranked 17th on a list of top companies in India by Fortune India 500 in 2018. It is currently one of the largest Indian auto manufacturers.
Mahindra is currently operating in more than 100+ countries comprising more than 150+ companies.
ASHOK LEYLAND
Founded: 02th September 1948
Founders: Raghunandan Saran
Headquarters: Chennai, Tamil nadu, India
Executive Chairman: Mr Dheeraj G Hinduja
It is owned by the Hinduja Group. It was founded in 1948 by Raghunandan Saran a freedom fighter from Punjab.
Thus Ashok Motors was incorporated in 1948 as a company to assemble & manufacture Austin cars from England.
In 1949, an agreement was reached between Ashok Motors & Leyland, UK and Ashok Motors got sole rights to import, assemble & progressively manufacture Leyland trucks for 7 years
As Ashok Motors and became Ashok Leyland in the year 1955.
In 1993, Ashok Leyland was the first Indian Auto company to receive ISO 9002 certification.
In 2007, the Hinduja Group also bought 51% shares of Ashok Leyland.
Today the company is the flagship of the Hinduja Group.
Ashok Leyland is the second-largest manufacturer of commercial vehicles in India, the third-largest manufacturer of buses in the world, and the tenth-largest manufacturers of trucks
…to be continued stay connected
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