India's auto manufacturing clusters: North, South, East, West regions

Day 5 of covering up the automotive sector, The Valuation School Let’s go back in time a bit to see how India’s auto sector evolved, and why many things are the way they are today. - Roots (before 1980s) Indian car industry was small, regulated, with limited models. A few firms like Hindustan Motors, Premier, Mahindra & Mahindra carried most weight. Cars were luxury. - Maruti changes the game In 1983 Maruti Udyog (with Suzuki) brought in modern small cars. Maruti 800 showed what an affordable, reliable car could be in India. People wanted them. - Liberalization in 1990s Policies eased, imports allowed more, licensing requirement cut. Foreign automakers entered. Quality improved, more choices came. - 2000s & 2010s: Growth, exports, tech Passenger cars, SUVs grew. India started exporting more. Safety, fuel norms, emission norms evolved. Component ecosystem got stronger. - Recent years: EVs, stricter norms, policy push Government schemes like FAME, incentives for component manufacturing, stricter emission / safety regulations are pushing changes. EVs are no longer just future talk. Looking back helps us see where the opportunities and risks are now. As India moves faster toward EVs and greener mobility, those who adapt fastest will lead. What old car or event in this history do you remember or feel shaped the market the most — Maruti 800, Indica, or some safety regulation? #IndiaAutoHistory #AutomotiveEvolution #Policy #100DayChallenge #AutoSector #EquityResearch

While the Indian automakers like Maruti Suzuki India Limited and Eicher motors are posting solid gains recently there is a dark horse in the industry which is the auto ancillary sector. Leading auto parts supplier like Banco Products (India) Ltd, JTEKT INDIA LTD., Uno Minda Samvardhana Motherson Group have been posting double digit gains of upto 40% This theme is now outpacing the OEMs. As higher content per vehicle means more features like LED lights and digital displays and more parts demand for the companies. Component makers could keep outpacing carmakers, thanks to premiumization, export, EV demand and the policy support For investors, the big opportunities may lie with suppliers not the automakers. Post 68/100

𝐈𝐧𝐝𝐢𝐚 𝐋𝐌𝐕 𝐎𝐄𝐌 𝐒𝐚𝐥𝐞𝐬 𝐂𝐨𝐦𝐩𝐚𝐫𝐢𝐬𝐨𝐧 India LMV OEM Sales – Sep ’24, AUG ’25 & Sep ’25 (incl. Telangana) 𝐒𝐨𝐮𝐫𝐜𝐞: 𝐌𝐨𝐑𝐓𝐇 𝐕𝐚𝐡𝐚𝐧 𝐯𝐢𝐚 𝐌𝐨𝐭𝐨𝐈𝐧𝐭𝐞𝐥.𝐚𝐢 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 1. Maruti Suzuki India Limited leads with 137,316 units — solid +11.8% YoY; slight MoM normalization sets up a healthy base. 2. Tata Motors is the momentum leader: +37.5% YoY and +5.0% MoM to 43,380 — growth on both comps. 3. Morris Garages India delivers breakout scale: +107.7% YoY and +14.1% MoM — strong customer pull. 4. Volkswagen advances +35.8% YoY — sustained traction. 5. Toyota Motor Corporation expands +5.8% YoY; Mahindra edges higher +1.2% YoY — steady performance. 6. Hyundai Motor Company, Kia India, Honda, Renault Group see a short-term cool-off — clear runway to re-accelerate with new launches and retail activation. #MotoIntel #Automotive #IndiaAuto #LMV #VahanData #AutoSales #MarketInsights #PassengerVehicles #MarutiSuzuki #TataMotors #Hyundai #Mahindra #Toyota #Kia #Volkswagen #Honda #MG #Renault #DataAnalytics #Mobility #Growth

Maruti Suzuki continues to dominate India’s car market with a massive 41% market share, leaving others far behind! Here’s the current leaderboard 1️⃣ Maruti Suzuki India Ltd. – 41% 2️⃣ Hyundai Motor India Ltd. – 14% 3️⃣ Tata Motors Ltd. – 13% 4️⃣ Mahindra & Mahindra Ltd. – 13% 5️⃣ Toyota Kirloskar Motor Pvt. Ltd. – 7%

Day 03/100 of #100dayschallenge A phase of growth in the automotive sector in India! Some of the key events in the history of the automotive sector in India are the followings- - First time a vehicle came on road was in 1897. - Till 1930 there was no manufacturing facility in India and vehicles were imported from other countries. - Landmark decade was 1940s where hindustan motors and premier start manufacturing cars of other firms. - In same decade in 1945 Mahindra & Mohammad was established which was later renamed as "Mahindra & Mahindra" started producing utility vehicles. - After 1947 govt tried to build auto component manufacturing industry to support the automobile fraternity. - In 1954 , Tata Motors then known as TELCO, with Mercedes Benz started manufacturing medium commercial vehicles . However the contract lasted for 15 years. - 1960-1980s the dominant player was Hindustan motors. Due to its Ambassador model. - 1950s-1960s, the overall industry moved at a slow pace due to restrictions on imports. After this phase the industry witnessed a small hike in demand for tractor and commercial vehicles segment. - 1980s was the phase, Hindustan Motors and Premier, were challenged by new entrant, Maruti Udyog Limited. The alliance of maruti and suzuki in 1982 gave the first joint venture between an Indian company and foreign one to the country. - Liberalization in 1991 opened doors for foreign car makers to in India. . Slowly and steadily Major companies like hyundai , nissan, toyota and honda entered the Indian manufacturing market. In this period Maruti became the market leader with 12000 vehicles - 2000-2010 were the years, almost every major car companies established manufacturing facilities in different parts of India. This encouraged innovation in the industry. (-The hindustan Ambassador was adapted from the British Morris Oxford. -The premier padmini was a version of the fiat 1100) - From 2000-2019 hybrid technology was being developed and companies were offering CNG variants of vehicles as alternative of petrol and diesel. From 2000 to till date the government has implemented various policies in regards to the industry which we will discuss tomorrow along with key events after 2010. I wanted to update the sector in my challenge from covering only vehicles market to cover overall automotive sector of India so that we can get a holistic view of the industry. Stay tuned for such insights. #Automotivesector #Automobilesector #100dayschallenge #Equityresearch #Thevaluationschool

For the past two days i have been talking about 𝗽𝗮𝘀𝘀𝗲𝗻𝗴𝗲𝗿 𝘃𝗲𝗵𝗶𝗰𝗹𝗲𝘀 𝘀𝗲𝗴𝗺𝗲𝗻𝘁 𝗼𝗳 𝗼𝘂𝗿 𝗔𝘂𝘁𝗼𝗺𝗼𝗯𝗶𝗹𝗲 𝗦𝗲𝗰𝘁𝗼𝗿. First 𝗴𝗲𝗻𝗲𝗿𝗮𝗹 𝗼𝘃𝗲𝗿𝘃𝗶𝗲𝘄, 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗶𝘇𝗲 𝗮𝗻𝗱 𝗦𝗲𝗴𝗺𝗲𝗻𝘁 𝗗𝘆𝗻𝗮𝗺𝗶𝗰𝘀, second 𝗗𝗲𝗺𝗮𝗻𝗱 𝗗𝗿𝗶𝘃𝗲𝗿𝘀 𝗮𝗻𝗱 𝗠𝗮𝗿𝗸𝗲𝘁 𝘀𝗵𝗮𝗿𝗲. Today let's talk about Barriers to Entry and Competitive Moats. 𝗕𝗮𝗿𝗿𝗶𝗲𝗿𝘀 𝘁𝗼 𝗘𝗻𝘁𝗿𝘆 𝗮𝗻𝗱 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗠𝗼𝗮𝘁𝘀 Some barriers are common across the auomobile sector. 𝟭. 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗜𝗻𝘁𝗲𝗻𝘀𝗶𝘁𝘆 Manufacturing facilities require $500 million to $2 billion investments with economies of scale critical for profitability. Research and development expenditure ranges 0.5-3% of turnover for established players. 𝟮.𝗗𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻 𝗡𝗲𝘁𝘄𝗼𝗿𝗸𝘀  Market leaders maintain extensive dealer networks; Maruti's 4,000+ outlets versus new entrants' limited presence creates significant competitive advantage. After sales service infrastructure represents additional investment requirement of ₹10-15 crore per outlet 𝟯. 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 BS6 emission norms compliance costs increased vehicle prices by 10-20%, creating barriers for smaller players lacking R&D capabilities. Upcoming safety regulations including mandatory airbags, ABS systems, and crash test compliance add further complexity. 𝟰. 𝗕𝗿𝗮𝗻𝗱 𝗟𝗼𝘆𝗮𝗹𝘁𝘆 𝗮𝗻𝗱 𝗧𝗿𝘂𝘀𝘁 Established players benefit from decades of relationship building, Maruti commands 70% market share in CNG segment reflecting consumer confidence. Resale value premiums for trusted brands create switching costs for consumers. That's all for my 16th day. Tomorrow we will discuss Competitive Dynamics and Strategic Positioning(PV). Parth Verma The Valuation School #Equity #FInance #100dayschallenge #Automobile

Maruti is preparing for its biggest transformation yet. The automaker has scaled back its electric plans from six to four models by 2030, but is investing heavily in readiness — from EV workshops across 1,000 cities to fast chargers every 5–10 kilometres in India’s top 100 markets. Its 2024–25 annual report projects EVs forming 15% of sales by 2030–31, about six lakh units annually. While sceptics say the move comes late, supporters believe Maruti Suzuki India Limited’s cautious approach ensures scale, affordability, and service reliability. After weathering past disruptions — from the 2012 labour unrest to its diesel exit in 2020 — the company is once again betting on scale, trust, and adaptability. But can the original small-car champion reinvent itself as India’s mass-market EV leader? 🔗 Read the full story from the link in the comments. Also, check out the latest issue, now available on Amazon: https://lnkd.in/gByrWb9C #MarutiSuzuki #ElectricVehicles #AutoIndustry #EVTransition #Mobility #MakeInIndia #HybridCars #Sustainability #Innovation #OutlookBusiness

D-5 Various automobile manufacturers have tried to expand their products into the Indian market but have not necessarily been successful in keeping the interests of Indian Consumers and, as a result had to leave the Indian market. What make a Company exit from the one of the top biggest automobile country of the world . What make a car most loved within 6 year India's most demanding car , and other make exit after a long time Why does the #GeneralMotor world biggest automobile company exit from India in 2017 Low Demand and Heavy Losses - GM struggled to generate sustainable demand in one of the world’s fastest-growing car markets. The company reported accumulated operating losses of more than $2 billion in just 10 years. Without a strong customer base, recovery became impossible. Failed Joint Venture Plans GM had looked at partnerships as a way to cut costs and compete better. The company’s discussions for a joint venture with Hindustan Motors in 1994 never materialized. Weak Management Stability Management plays a critical role in any company, especially in a highly competitive market like India. GM faced frequent leadership changes, with 9 different CEOs in just 21 years of operations. This instability at both middle and senior levels hurt long-term strategy and execution Outdated Technology and Products Competitiveness in the auto industry depends heavily on technology. GM, however, often used old platforms and outdated engines compared to rivals who were offering more advanced, fuel-efficient, and feature-rich cars. This made GM’s vehicles less attractive to Indian buyers. Declining Market Share At one point, GM had around 6% market share in 2010. But instead of growing, its share steadily fell to below 1% by 2020, even as the overall automobile market in India expanded by 9%. This sharp fall was a major signal of GM’s dwindling presence. Poor Service Network A strong after-sales and service network is essential in India, where customers closely value maintenance support and quick availability of spare parts. GM lagged behind competitors in service reach and responsiveness, frustrating customers and damaging its brand reputation. #Automobile #india

Day 2/100 – Automobile Sector 🚗 India’s automobile market , with market shares mapped out as follows: Maruti Suzuki - 41% Hyundai - 14% Tata Motors - 13% Mahindra - 12% Toyota - 7% Kia - 6% Honda - 2% The Indian automobile industry is highly consolidated, with Maruti Suzuki leading the market at 41% share. Hyundai, Tata Motors, and Mahindra collectively hold nearly 40% The top six brands hold most of the Indian market, and new brands are slowly getting noticed! 🚀 #finance #MarketShare #100DaysChallenge

 𝐒𝐦𝐚𝐥𝐥 𝐏𝐥𝐚𝐲𝐞𝐫𝐬, 𝐁𝐢𝐠 𝐆𝐚𝐢𝐧𝐬: 𝐇𝐨𝐰 𝐄𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐁𝐫𝐚𝐧𝐝𝐬 𝐀𝐫𝐞 𝐑𝐞𝐬𝐡𝐚𝐩𝐢𝐧𝐠 𝐈𝐧𝐝𝐢𝐚'𝐬 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 September 2025 showcased the dynamic nature of India's electric three-wheeler goods market, with smaller players delivering outsized growth across 𝟐,𝟒𝟑𝟒 𝐭𝐨𝐭𝐚𝐥 𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐫𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧𝐬. The month's standout performers highlight the sector's entrepreneurial spirit: Atul Auto Ltd. achieved remarkable 𝟒𝟒% 𝐠𝐫𝐨𝐰𝐭𝐡 𝐬𝐩𝐮𝐫𝐭𝐬 and Omega Seiki Mobility 𝐞𝐱𝐩𝐚𝐧𝐝𝐞𝐝 𝟐𝟗.𝟔𝟓%. Market leader Mahindra Last Mile Mobility demonstrated steady 𝟖.𝟐𝟏% 𝐠𝐫𝐨𝐰𝐭𝐡, reinforcing its dominant position, while Bajaj Auto Ltd experienced a 𝐦𝐢𝐧𝐨𝐫 𝟑.𝟗𝟖% 𝐚djustment and Euler Motors 𝐝𝐞𝐜𝐥𝐢𝐧𝐞𝐝 𝟒.𝟓𝟑%. The most notable shift came from Piaggio Vehicles Pvt. Ltd., which faced a 𝟑𝟐.𝟗𝟑% 𝐝𝐞𝐜𝐥𝐢𝐧𝐞, creating opportunities for agile competitors to capture market share in this rapidly evolving commercial segment. What's driving these impressive growth rates among emerging electric commercial vehicle manufacturers—is it superior technology, better financing options, or strategic partnerships with logistics companies? #EVMarket #ElectricCommercialVehicles #EV3Wheeler #CommercialEV #LastMileDelivery