Analysis of Automobile Sector in India with reference to Maruti Suzuki & Tata Motors

The history of Automobile sector in India goes way back to the year 1949, when Hindustan Motors Limited began assembling the first British automobile, the rebadged Morris 10 series M, in a modest plant in Port Okha, Gujarat. In the last 70 years, India has expanded considerably in this business, becoming the fourth largest car producer and the seventh largest commercial vehicle manufacturer in 2019. By 2026, the automobile sector is predicted to reach a value of $251.4-$282.8 billion. We can clearly conclude from these estimates that there is a lot of room for growth in this industry. In this research study, we will examine the industry’s growth, trends, and future in depth, as well as evaluate the various market competitors who are currently operating in the market. Despite the manufacturing industry’s slowdown owing to COVID-19’s pandemic impact, the sector has a lot of future promise in terms of output, GDP contribution, and employment prospects. The strategies of Maruti Suzuki Ltd. and Tata Motors Ltd., India’s two indigenous vehicle manufacturing behemoths, will be examined.