Due to improvements in technology and manufacturing techniques, the truck industry in India has been growing steadily over the past few years. The best truck company in India also produces a variety of heavy-duty trucks. It is crucial to be aware of the top 10 truck manufacturers in India as there is a rising demand for trucks among consumers as a result of the expansion and growth of the economy.
Let’s check out some of the Top 10 Truck Manufacturers Companies in India:
Ashok Leyland Limited
Ashok Leyland, India’s second-largest CV maker, has its headquarters in Chennai, India. Being the cornerstone of the Hinduja Group, this truck manufacturer was established in 1948 as Ashok Motors before changing its name to Ashok Leyland in 1955. Also, this corporation ranks third and tenth internationally for the production of trucks and buses, respectively.
| CIN | L34101TN1948PLC000105 |
| Revenue | Over INR 500 cr |
| Net Worth | ^5.16% |
Tata Motors Limited
Tata Motors, an Indian multinational automobile manufacturing corporation, was established in 1945, and Mumbai serves as its corporate headquarters. It is a division of the Tata Group and produces a variety of vehicles, including trucks, vans, sedans, and sports cars. In addition to India, it is also present in the UK, Thailand, South Africa, South Korea, and Spain. In 1954, it made a foray into the commercial vehicle market after shaking hands with German Daimler-Benz.
| CIN | L28920MH1945PLC004520 |
| Revenue | Over INR 500 cr |
| Net Worth | ^ 4.66 % |
SML ISUZU Limited
As Swaraj Vehicle Ltd., SML Isuzu Ltd. was founded in July 1983 to produce LCVs (light commercial vehicles) in Punjab, India. LCVs like trucks, buses, ambulances, police personnel carriers, water tankers, school buses, and special vehicles are all made by the company. Many nations, including Nepal, Zambia, Tanzania, Ghana, Ivory Coast, Rwanda, Bangladesh, Kenya, Seychelles, Syria, and Jordan, send goods to the company.
| CIN | L29120TZ1960PLC000351 |
| Revenue | Over INR 500 cr |
| Net Worth | ^14.89 % |
Force Motors Limited
Force Motors Limited was launched on September 8, 1958, and is a publicly traded corporation. It is based in Pune, Maharashtra, and is categorized as a public limited business. The company has a paid-up capital of INR 13.18 billion and an authorized share capital of INR 20.00 billion. The business produces and sells vehicles, aggregates, and automotive components.
| CIN | L34102PN1958PLC011172 |
| Revenue | Over INR 500 cr |
| Net Worth | -5.83 % |
Eicher Motors Limited
In 1948, the Goodearth Corporation was founded to distribute imported vehicles, and this led to the creation of Eicher Motors, an Indian manufacturer of CVs. The 1959 founding year of the Eicher Tractor Company of India Pvt. Ltd. In 1965, Indian shareholders held 100 percent of the business.
In 2008, the Volvo Group and Eicher Motors teamed up with a single goal in mind to create the VE Commercial Vehicles. Eicher Trucks and Buses, the key brand of this joint venture, also guarantees the future of the Indian trucking industry with cutting-edge vehicles and excellent support systems. The business uses cutting-edge technology to produce tractors, bikes, light commercial vehicles, heavy commercial vehicles, medium commercial vehicles, special application vehicles, and more.
| CIN | L34102DL1982PLC129877 |
| Revenue | Over INR 500 cr |
| Net Worth | ^ 11.23 % |
Mahindra & Mahindra Limited
Mahindra Navistar / Mahindra International used to be the name of the Mahindra Truck and Bus Division. In 2005, Mahindra & Mahindra, an Indian automaker (51%), and Navistar International, an American automaker (49%), formed a joint venture to create this Indian commercial vehicle manufacturer. It had transformed into Mahindra & Mahindra Limited after some time.
An extensive selection of integrated trucking solutions is offered by the renowned Mahindra Truck and Bus Division, a Mahindra Group business. The company makes specially created best trucks for various uses, and its cars surpass competitors in accordance with customer business requirements.
| CIN | L65990MH1945PLC004558 |
| Revenue | Over INR 500 cr |
| Net Worth | ^ 12.92% |
Maruti Suzuki India Limited
Once known as Maruti Udyog Ltd., Maruti Suzuki India Ltd. is an Indian vehicle manufacturer with its corporate headquarters in New Delhi. The corporation was established in 1981 and was governed by the Indian government till 2003. After then, Suzuki Motor Corporation purchased it. The business produces, buys, and sells motor vehicles, their parts, and replacement parts.
| CIN | L34103DL1981PLC011375 |
| Revenue | Over INR 500 cr |
| Net Worth | ^5.29 % |
Asia Motor Works Limited
An Indian carmaker called AMW (Asia Motor Works) Ltd. makes commercial vehicles, auto parts, and forging parts. Anirudh Bhuwalka launched the business in 2002. Commercial Vehicle (CV) of the Year 2008 was awarded to AMW by the NDTV Profit Car and Bike Awards, while “CV Invention of the Year” for 2010 was given out by CV Magazine and Zee Business News. Bangladesh, Nepal, Myanmar, Bhutan, and other countries import manufactured vehicles.
| CIN | L23423HR1933PLC000097 |
| Revenue | Over INR 500 cr |
| Net Worth | ^ 6.49 % |
Daimler Hero Commercial Vehicles Limited
Founded on December 10th, 2007, Daimler India Commercial Vehicles Private Limited is an unlisted private corporation. It is based in Kancheepuram, Tamil Nadu, and is categorized as a private limited business. It has a paid-up capital of INR 10,734.60 billion and an authorized share capital of INR 11,000.00 billion. The company produces and retails commercial cars.
| CIN | U34200TN2007PTC072876 |
| Revenue | Over INR 500 cr |
| Net Worth | -0.15 % |
Hindustan Motors Limited
Hindustan Motors Ltd. was formed on February 11, 1942, and is a publicly traded corporation. It is based in Kolkata, West Bengal, and is categorized as a public limited corporation. The company has a paid-up capital of 104.33 billion rupees and an authorized share capital of 220.00 crore rupees. The business produces and markets automobiles, auto parts, steel products, and steel components in India.
| CIN | L34103WB1942PLC018967 |
| Revenue | INR 1 cr – 100 cr |
| Net Worth | ^ 11.54 % |
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