capital strutur of fmcg &automobile sector
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S.R.LUTHARA INSTITUTE OF
MANAGEMENT
COLLEGE CODE:- 750
ASSIGNMENT
OF
FINANCIAL MANAGEMENT
ON
STUDY OF CAPITAL STRUCTURE OF INDIAN
COMPANIES : FMCG SECTOR & AUTOMOBILE
SECTOR
SUBMITTED TO:JIMMY KAPADIASUBMITTED BY:
SANDIP DANKHARA (15)
SALAHUDDIN SAIYED (31)
JITHIN PONATHIL (35)
ARJAN PARMAR (40)
DHAVAL PATEL (58)
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INDEX
1. FMCG SECTOR....................................................3-10
1.1. Introduction.......3
1.2.Top 10 FMCG Companies.......41.3.Capital structure of top 10 fmcg companies.....9
2. AUTOMOBILE SECTOR..11-18
2.1.Introduction11
2.2.Top 10 Automobile companies..12
2.3.Capital structure of top 10 Automobile companies...17
3. COMPARISON BETWEEN TWO SECTOR19-20
4. FINDING 21
5. CONCLUSION ....22
6. Bibliography......23
7. ANNEXURE ...24
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What are FMCG?
Products which have a quick turnover, and relatively low cost are known as Fast Moving
Consumer Goods (FMCG). FMCG products are those that get replaced within a year. Examples
of FMCG generally include a wide range of frequently purchased consumer products such as
toiletries, soap, cosmetics, tooth cleaning products, shaving products and detergents, as well as
other non-durables such as glassware, bulbs, batteries, paper products, and plastic goods. FMCG
may also include pharmaceuticals, consumer electronics, packaged food products, soft drinks,
tissue paper, and chocolate bars.
FMCG industry:
FMCG industry, alternatively called as CPG (Consumer packaged goods) industry.
Primarily deals with the production, distribution and marketing of consumer packaged goods.
The Fast Moving Consumer Goods (FMCG) are those consumables which are normally
consumed by the consumers at a regular interval. Some of the prime activities of FMCG industry
are selling, marketing, financing, purchasing, etc. The industry also engaged in operations,
supply chain, production and general management.
Some of the merits of FMCG industry, which made this industry as a potential one are
low operational cost, strong distribution networks, presence of renowned FMCG companies.
Population growth is another factor which is responsible behind the success of this industry.
FMCG industry provides a wide range of consumables and accordingly the amount of
money circulated against FMCG products is also very high. The competition among FMCG
manufacturers is also growing and as a result of this, investment in FMCG industry is also
increasing, specifically in India, where FMCG industry is regarded as the fourth largest sectorwith total market size of US$13.1 billion.
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Top 10 Indian FMCG companies:
(According to market cap)
Rank Companys name
1 Hindustan Unilever Ltd.(HUL)
2 Dabur India
3 Godrej Consumer
4 Colgate Palmolive
5 Marico
6 Godrej industries
7 Gillette India
8 Procter & Gamble Hygiene and Health Care(P&G)
9 Emami
10 Bajaj corp.
Hindustan Unilever Limited (HUL)
Hindustan Unilever Limited (HUL) is India's largest fast-moving consumer goods companybased in Mumbai, Maharashtra. It is owned by the British-Dutch company Unilever which
controls 52% majority stake in HUL.
HUL was formed in 1933 as Lever Brothers India Limited and came into being in 1956 as
Hindustan Lever Limited through a merger ofLever Brothers, Hindustan Vanaspati Mfg. Co.Ltd. and United Traders Ltd. It is headquartered in Mumbai, India and has an employee strength
of over 16,500 employees and contributes to indirect employment of over 65,000 people. The
company was renamed in June 2007 as Hindustan Unilever Limited.
Lever Brothers started its actual operations in India in the summer of 1888, when crates full of
Sunlight soap bars, embossed with the words "Made in England by Lever Brothers" wereshipped to the Kolkata harbour and it began an era of marketing branded Fast Moving Consumer
Goods (FMCG).
Hindustan Unilever's distribution covers over 2 million retail outlets across India directly and itsproducts are available in over 6.4 million outlets in the country. As per Nielsen market research
data, two out of three Indians use HUL products.[5]
http://www.moneycontrol.com/india/stockpricequote/personalcare/godrejconsumerproducts/GCPhttp://en.wikipedia.org/wiki/Fast-moving_consumer_goodshttp://en.wikipedia.org/wiki/Mumbai,_Maharashtrahttp://en.wikipedia.org/wiki/Unileverhttp://en.wikipedia.org/wiki/Lever_Brothershttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Hindustan_Unilever#cite_note-4http://en.wikipedia.org/wiki/Hindustan_Unilever#cite_note-4http://en.wikipedia.org/wiki/Hindustan_Unilever#cite_note-4http://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Lever_Brothershttp://en.wikipedia.org/wiki/Unileverhttp://en.wikipedia.org/wiki/Mumbai,_Maharashtrahttp://en.wikipedia.org/wiki/Fast-moving_consumer_goodshttp://www.moneycontrol.com/india/stockpricequote/personalcare/godrejconsumerproducts/GCP -
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Dabur India Ltd.
Dabur (Dabur India Ltd.) (Devanagari: ) derived from Daktar Burman) is India's
largest Ayurvedic medicine manufacturer. Dabur's Ayurvedic Specialities Division has over 260
medicines for treating a range of ailments and body conditions-from common cold to chronicparalysis.
Godrej Consumer Products Limited (GCPL)
Godrej Consumer Products Limited (GCPL) is an Indian fast moving consumer
goods company based in mumbai, India. GCPLs product range includes soaps, hair colourants,
toiletries and liquid detergents. Some of the leading brands are Cinthol, Godrej Fair Glow,
Godrej No.1 and Godrej Shikakai in soaps, Godrej Powder Hair Dye, Renew,
ColourSoft in hair colourants and Ezee liquid detergent. GCPL has five manufacturing
facilities in India at Malanpur (Madhya Pradesh), Guwahati (Assam), Baddi- Thana (Himachal
Pradesh), Baddi- Katha (Himachal Pradesh) and Sikkim.
Gillette India
Gillette India is a leading company in the personal grooming segment. It offers a range ofproducts including shaving systems, safety razor blades, shaving preparation products, etc. It alsotrades in oral care products and alkaline batteries.
Marico
Marico is a fledgling Indian group providing consumer products and services in the areas of
Health and Beauty based in Mumbai.
During 2009-10, the company generated a Turnover of about Rs.26.6 billion (USD 600
Million), in respect of its food, hair care and skin care related activities. Marico's own
manufacturing facilities are located at Goa, Kanjikode, Jalgaon, Pondicherry, Dehradun, Baddi,
Paonta Sahib and Daman.
http://en.wikipedia.org/wiki/Devanagarihttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Ayurvedahttp://en.wikipedia.org/wiki/Fast_moving_consumer_goodshttp://en.wikipedia.org/wiki/Fast_moving_consumer_goodshttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Consumerhttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Consumerhttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Fast_moving_consumer_goodshttp://en.wikipedia.org/wiki/Fast_moving_consumer_goodshttp://en.wikipedia.org/wiki/Ayurvedahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Devanagari -
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Colgate-Palmolive Company
Colgate-Palmolive Company is an American multinational consumer products company
focused on the production, distribution and provision of household, health care and personalproducts, such as soaps, detergents, and oral hygiene products
(including toothpaste and toothbrushes). Under its "Hill's" brand, it is also a manufacturer
ofveterinary products. The company's corporate offices are on Park Avenue in Midtown
Manhattan, New York City.
Emami Limited
Emami Limited is an Indian producer offast moving consumer goods (FMCG), such as
cosmetics and health and baby products. The company is based inKolkata.
In 2008 the company announced that it intended to offer baby care products.
The company's health products unit offers tonics for colds and coughs as well as nutraceuticals.
Godrej Industries
Godrej Industries is one of the India's leading manufacturer ofoleochemicals and makes more
than a hundred chemicals for use in over two dozen industries. It also manufactures edible
oils, vanaspati and bakery fats. Besides, it operates real estate. With global reach spreading
across 40 countries. Godrej Industries (Chemicals Division) exports its products to more than 60
countries and headquartered inMumbai, India.
Procter & Gamble (P&G)
Procter & Gamble (P&G) is a Fortune 500 American multinational corporation headquartered
in downtown Cincinnati, Ohio and manufactures a wide range ofconsumer goods.
In 2011, P&G recorded $82.6 billion dollars in sales.Fortunemagazine ranked P&G at fifthplace of the "World's Most Admired Companies" list, which was up from sixth place in 2010.
Procter & Gamble is the only Fortune 500 company to issue C Share common stock.
http://en.wikipedia.org/wiki/United_Stateshttp://en.wikipedia.org/wiki/Soaphttp://en.wikipedia.org/wiki/Detergenthttp://en.wikipedia.org/wiki/Oral_hygienehttp://en.wikipedia.org/wiki/Oral_hygienehttp://en.wikipedia.org/wiki/Toothpastehttp://en.wikipedia.org/wiki/Toothbrushhttp://en.wikipedia.org/wiki/Hill%27s_Pet_Nutritionhttp://en.wikipedia.org/wiki/Veterinary_medicinehttp://en.wikipedia.org/wiki/Park_Avenue_(Manhattan)http://en.wikipedia.org/wiki/Midtown_Manhattanhttp://en.wikipedia.org/wiki/Midtown_Manhattanhttp://en.wikipedia.org/wiki/New_York_Cityhttp://en.wikipedia.org/wiki/Fast_moving_consumer_goodshttp://en.wikipedia.org/wiki/Kolkatahttp://en.wikipedia.org/wiki/Tonichttp://en.wikipedia.org/wiki/Nutraceuticalhttp://en.wikipedia.org/wiki/Oleochemicalshttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Fortune_500http://en.wikipedia.org/wiki/Multinational_corporationhttp://en.wikipedia.org/wiki/Downtown_Cincinnatihttp://en.wikipedia.org/wiki/Cincinnatihttp://en.wikipedia.org/wiki/Ohiohttp://en.wikipedia.org/wiki/Fast_moving_consumer_goodshttp://en.wikipedia.org/wiki/Fortune_(magazine)http://en.wikipedia.org/wiki/Fortune_(magazine)http://en.wikipedia.org/wiki/Fortune_(magazine)http://en.wikipedia.org/wiki/Fortune_(magazine)http://en.wikipedia.org/wiki/Fast_moving_consumer_goodshttp://en.wikipedia.org/wiki/Ohiohttp://en.wikipedia.org/wiki/Cincinnatihttp://en.wikipedia.org/wiki/Downtown_Cincinnatihttp://en.wikipedia.org/wiki/Multinational_corporationhttp://en.wikipedia.org/wiki/Fortune_500http://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Oleochemicalshttp://en.wikipedia.org/wiki/Nutraceuticalhttp://en.wikipedia.org/wiki/Tonichttp://en.wikipedia.org/wiki/Kolkatahttp://en.wikipedia.org/wiki/Fast_moving_consumer_goodshttp://en.wikipedia.org/wiki/New_York_Cityhttp://en.wikipedia.org/wiki/Midtown_Manhattanhttp://en.wikipedia.org/wiki/Midtown_Manhattanhttp://en.wikipedia.org/wiki/Park_Avenue_(Manhattan)http://en.wikipedia.org/wiki/Veterinary_medicinehttp://en.wikipedia.org/wiki/Hill%27s_Pet_Nutritionhttp://en.wikipedia.org/wiki/Toothbrushhttp://en.wikipedia.org/wiki/Toothpastehttp://en.wikipedia.org/wiki/Oral_hygienehttp://en.wikipedia.org/wiki/Detergenthttp://en.wikipedia.org/wiki/Soaphttp://en.wikipedia.org/wiki/United_States -
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Bajaj Corp Ltd
Bajaj Corp Ltd is a leading Indian FMCG company with major brands in Hair_care category. It
is part ofBajaj Group founded by the freedom fighter, philanthropist and close confidante
ofMahatma GandhiJamanalal Bajaj.The leading brand is Bajaj Almond drops; it commands a 52% market share in light hair oil
category which is the second fastest hair oil category across all hair oils.[1]Bajaj Corp Ltd's own
manufacturing facilities are located at Parwanoo, Paonta Sahib and Dehradun.
http://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/FMCGhttp://en.wikipedia.org/wiki/Hair_carehttp://en.wikipedia.org/wiki/Bajaj_Grouphttp://en.wikipedia.org/wiki/Mahatma_Gandhihttp://en.wikipedia.org/w/index.php?title=Jamanalal_Bajaj&action=edit&redlink=1http://en.wikipedia.org/wiki/Bajaj_Corp_Ltd#cite_note-0http://en.wikipedia.org/wiki/Bajaj_Corp_Ltd#cite_note-0http://en.wikipedia.org/wiki/Bajaj_Corp_Ltd#cite_note-0http://en.wikipedia.org/wiki/Paonta_Sahibhttp://en.wikipedia.org/wiki/Paonta_Sahibhttp://en.wikipedia.org/wiki/Bajaj_Corp_Ltd#cite_note-0http://en.wikipedia.org/w/index.php?title=Jamanalal_Bajaj&action=edit&redlink=1http://en.wikipedia.org/wiki/Mahatma_Gandhihttp://en.wikipedia.org/wiki/Bajaj_Grouphttp://en.wikipedia.org/wiki/Hair_carehttp://en.wikipedia.org/wiki/FMCGhttp://en.wikipedia.org/wiki/India -
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What is Capital structure?
The capital structure of a business is the mix of types of debt and equity the company has on its
balance sheet. The capital or ownership of a business can be evaluated by knowing how much of
the ownership is in debt and how much in equity. The company's debt might include both short-
term debt and long-term debt (such as mortgages), and equity, including common stock,
preferred shares, and retained earnings.
Capital structure is sometimes referred to as a company's debt to equity ratio.
The Debt-to-Equity Ratio (sometimes called the leverage ratio) is a measure of how much of a
companys assets is funded through borrowing or financing (debt) and how much through equity.
The calculation for the Debt-to-Equity Ratio is usually expressed as:
Liabilities (usually long-term liabilities only)
Divided by Equity (shareholder's equity.
Equity Capital: This refers to money put up and owned by the shareholders (owners). Typically,
equity capital consists of two types:1.) Contributed capital: which is the money that was originally invested in the business in
exchange for shares of stock or ownership and
2.) Retained earnings: Which represents profits from past years that have been kept by the
company and used to strengthen the balance sheet or fund growth, acquisitions, or expansion.
Debt Capital: The debt capital in a company's capital structure refers to borrowed money that is
at work in the business. The safest type is generally considered long-term bonds because the
company has years, if not decades, to come up with the principal, while paying interest only in
the meantime.
http://biztaxlaw.about.com/od/glossaryc/g/capital.htmhttp://biztaxlaw.about.com/od/glossaryd/a/debt2equity.htmhttp://biztaxlaw.about.com/od/glossaryl/a/Leverage.htmhttp://beginnersinvest.about.com/cs/investinglessons/l/blles3retear.htmhttp://beginnersinvest.about.com/cs/investinglessons/l/blles3intro.htmhttp://beginnersinvest.about.com/cs/bonds1/a/040401a.htmhttp://beginnersinvest.about.com/cs/bonds1/a/040401a.htmhttp://beginnersinvest.about.com/cs/investinglessons/l/blles3intro.htmhttp://beginnersinvest.about.com/cs/investinglessons/l/blles3retear.htmhttp://biztaxlaw.about.com/od/glossaryl/a/Leverage.htmhttp://biztaxlaw.about.com/od/glossaryd/a/debt2equity.htmhttp://biztaxlaw.about.com/od/glossaryc/g/capital.htm -
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Capital structure of Top 10 Indian FMCG companies:
Name of
Company
Equity Capital (In crore)
(Equity+Reserve)
2010-11 2009-10 2008-09 2007-08 2006-07 Average
HUL 2,417.30 2,364.68 1,842.85 1,220.82 2,502.14 2,069.56
Dabur Ind. 927.09 662.48 651.69 441.92 316.9 600.016
Godrej consumer 1,501.32 796.65 511.22 127.91 88.32 605.08
Colgate 370.45 312.51 202.7 148.61 144.53 235.76
Marico 811.68 510.73 306.78 219.33 122.59 394.222
Godrej ind. 1,046.90 978.07 981.05 1,009.73 363.17 875.78
Gillette ind. 567.75 538.4 458.3 392.82 327.01 456.856
P&G 568.17 502.18 407.58 314.18 258.72 410.166
Emami 667.89 605.65 282.9 276.57 216.99 410
Bajaj corp. 361.59 15.41 46.63 -0.07 0 84.712
Average 924.01 728.68 569.17 415.18 434.04 614.22
Name of Company Debt Capital (In crore)2010-11 2009-10 2008-09 2007-08 2006-07 Average
HUL 0 0 421.95 88.53 72.6 116.616
Dabur India 253.35 106.07 138.98 16.69 19.54 106.926
Godrej
consumer 272.49 12.4 62.89 134.59 112.86 119.046
Colgate 0.05 4.59 4.69 4.69 4.28 3.66
Marico 552.49 376.92 308.53 305.59 167.25 342.156
Godrej
industries 554.22 547.61 600.96 435.67 467.69 521.23
Gillette India 0 0 0 0 0 0
P&G 0 0 0 0 0 0
Emami 223.87 253.25 440.08 35.19 23.17 195.112
Bajaj corp. 0 0 0 0 0 0
Average 185.647 130.084 197.808 102.095 86.739 140.4746
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Capital structure (Average) of Top 10 Indian FMCG companies:
Form of Capital 2010-11 2009-10 2008-09 2007-08 2006-07 Average(Cr)
EquityCapital(Average) 924.01 728.68 569.17 415.18 434.04 614.22
DebtCapital(Average) 185.647 130.084 197.808 102.095 86.739 140.4746Total Debt-
Equity Ratio
0.20:1 0.18:1 0.35:1 0.25:1 0.20:1 0.23:1
Here, the average Debt-Equity ratio is 0.23:1 of the Equity Capital which shows far less
proportion of Debt capital as compared to Equity capital in the FMCG industry. The long term
fund requirement of FMCG industry is less compared to the Automobile industry.
The reason behind it may be:
Less initial investment requirement,
Less costly machinery for production,
Short conversion cycle,
Short collection period.
0
100
200
300
400
500
600
700
800
900
1000
2010-11 2009-10 2008-09 2007-08 2006-07
Rs.(Cr)
Year
FMCG sector
Equity Capital(Average)
Debt Capital(Average)
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AUTOMOBILE INDUSTRY IN INDIA
The automobile industry in India is one of the largest in the world and one of the fastestgrowing globally. India's passenger car and commercial vehicle manufacturing industry is
the seventh largest in the world, with an annual production of more than 3.7 million units in
2010. According to recent reports, India is set to overtake Brazil to become the sixth largestpassenger vehicle producer in the world, growing 16-18 per cent to sell around three millionunits in the course of 2011-12. In 2009, India emerged as Asia's fourth largest exporter
ofpassenger cars, behind Japan, South Korea, and Thailand.. In 2010, India reached as Asia's
third largest exporter ofpassenger cars, behind Japan and South Korea beating Thailand.
As of 2010, India is home to 40 million passenger vehicles. More than 3.7 million automotive
vehicles were produced in India in 2010 (an increase of 33.9%), making the country the second
fastest growing automobile market in the world. According to the Society of Indian Automobile
Manufacturers, annual vehicle sales are projected to increase to 5 million by 2015 and more than
9 million by 2020. By 2050, the country is expected to top the world in car volumes with
approximately 611 million vehicles on the nation's roads.
The majority of India's car manufacturing industry is based around three clusters in the south,
west and north. The southern cluster near Chennai is the biggest with 35% of the revenue share.
The western hub near Maharashtra is 33% of the market. The northern cluster isprimarily Haryana with 32%.Chennai, is also referred to as the "Detroitof India" with the India
operations ofFord, Hyundai, Renault and Nissan headquartered in the city and BMWhaving an
assembly plant on the outskirts. Chennai accounts for 60% of the country's automotive
exports. Gurgaon and Manesar in Haryana form the northern cluster where the country's largestcar manufacturer, Maruti Suzuki, is based. The Chakan corridor near Pune, Maharashtra is the
western cluster with companies like General Motors, Volkswagen, Skoda, Mahindra and
Mahindra, Tata Motors, Mercedes Benz, Land Rover, Fiat and Force Motors having assemblyplants in the area. Aurangabad with Audi, Skoda and Volkswagen also forms part of the western
cluster. Another emerging cluster is in the state ofGujarat with manufacturing facility ofGeneral
Motors in Halol and further planned for Tata Nano at Sanand. Ford, Maruti Suzuki and Peugeot-
Citroenplants are also set to come up in Gujarat. Kolkatta with Hindustan
Motors, Noida with Honda and Bangalore with Toyota are some of the other automotive
manufacturing regions around the country.
http://en.wikipedia.org/wiki/Automotive_industryhttp://en.wikipedia.org/wiki/Asiahttp://en.wikipedia.org/wiki/Automobilehttp://en.wikipedia.org/wiki/Japanhttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Asiahttp://en.wikipedia.org/wiki/Automobilehttp://en.wikipedia.org/wiki/Japanhttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Indian_Road_Networkhttp://en.wikipedia.org/wiki/Chennaihttp://en.wikipedia.org/wiki/Maharashtrahttp://en.wikipedia.org/wiki/Haryanahttp://en.wikipedia.org/wiki/Chennaihttp://en.wikipedia.org/wiki/Detroithttp://en.wikipedia.org/wiki/Detroithttp://en.wikipedia.org/wiki/Ford_India_Private_Limitedhttp://en.wikipedia.org/wiki/Hyundai_Motor_India_Limitedhttp://en.wikipedia.org/wiki/Renault_India_Private_Limitedhttp://en.wikipedia.org/wiki/Nissan_Motor_India_Private_Limitedhttp://en.wikipedia.org/wiki/BMW_India_Private_Limitedhttp://en.wikipedia.org/wiki/Gurgaonhttp://en.wikipedia.org/wiki/Manesarhttp://en.wikipedia.org/wiki/Haryanahttp://en.wikipedia.org/wiki/Maruti_Suzukihttp://en.wikipedia.org/wiki/Chakan,_Maharashtrahttp://en.wikipedia.org/wiki/Punehttp://en.wikipedia.org/wiki/Maharashtrahttp://en.wikipedia.org/wiki/General_Motors_India_Private_Limitedhttp://en.wikipedia.org/wiki/Volkswagen_Indiahttp://en.wikipedia.org/wiki/Skoda_Auto_India_Private_Limitedhttp://en.wikipedia.org/wiki/Mahindra_and_Mahindrahttp://en.wikipedia.org/wiki/Mahindra_and_Mahindrahttp://en.wikipedia.org/wiki/Tata_Motorshttp://en.wikipedia.org/wiki/Mercedes-Benz_Indiahttp://en.wikipedia.org/wiki/Land_Roverhttp://en.wikipedia.org/wiki/Fiat_Automobiles_India_Limitedhttp://en.wikipedia.org/wiki/Force_Motorshttp://en.wikipedia.org/wiki/Aurangabad,_Maharashtrahttp://en.wikipedia.org/wiki/Audi_Indiahttp://en.wikipedia.org/wiki/Skoda_Auto_India_Private_Limitedhttp://en.wikipedia.org/wiki/Volkswagen_Indiahttp://en.wikipedia.org/wiki/Gujarathttp://en.wikipedia.org/wiki/General_Motors_India_Private_Limitedhttp://en.wikipedia.org/wiki/General_Motors_India_Private_Limitedhttp://en.wikipedia.org/wiki/Halolhttp://en.wikipedia.org/wiki/Tata_Nanohttp://en.wikipedia.org/wiki/Peugeot-Citroenhttp://en.wikipedia.org/wiki/Peugeot-Citroenhttp://en.wikipedia.org/wiki/Kolkattahttp://en.wikipedia.org/wiki/Hindustan_Motorshttp://en.wikipedia.org/wiki/Hindustan_Motorshttp://en.wikipedia.org/wiki/Noidahttp://en.wikipedia.org/wiki/Honda_Siel_Cars_Indiahttp://en.wikipedia.org/wiki/Bangalorehttp://en.wikipedia.org/wiki/Toyota_Kirloskar_Motor_Private_Limitedhttp://en.wikipedia.org/wiki/Toyota_Kirloskar_Motor_Private_Limitedhttp://en.wikipedia.org/wiki/Bangalorehttp://en.wikipedia.org/wiki/Honda_Siel_Cars_Indiahttp://en.wikipedia.org/wiki/Noidahttp://en.wikipedia.org/wiki/Hindustan_Motorshttp://en.wikipedia.org/wiki/Hindustan_Motorshttp://en.wikipedia.org/wiki/Kolkattahttp://en.wikipedia.org/wiki/Peugeot-Citroenhttp://en.wikipedia.org/wiki/Peugeot-Citroenhttp://en.wikipedia.org/wiki/Tata_Nanohttp://en.wikipedia.org/wiki/Halolhttp://en.wikipedia.org/wiki/General_Motors_India_Private_Limitedhttp://en.wikipedia.org/wiki/General_Motors_India_Private_Limitedhttp://en.wikipedia.org/wiki/Gujarathttp://en.wikipedia.org/wiki/Volkswagen_Indiahttp://en.wikipedia.org/wiki/Skoda_Auto_India_Private_Limitedhttp://en.wikipedia.org/wiki/Audi_Indiahttp://en.wikipedia.org/wiki/Aurangabad,_Maharashtrahttp://en.wikipedia.org/wiki/Force_Motorshttp://en.wikipedia.org/wiki/Fiat_Automobiles_India_Limitedhttp://en.wikipedia.org/wiki/Land_Roverhttp://en.wikipedia.org/wiki/Mercedes-Benz_Indiahttp://en.wikipedia.org/wiki/Tata_Motorshttp://en.wikipedia.org/wiki/Mahindra_and_Mahindrahttp://en.wikipedia.org/wiki/Mahindra_and_Mahindrahttp://en.wikipedia.org/wiki/Skoda_Auto_India_Private_Limitedhttp://en.wikipedia.org/wiki/Volkswagen_Indiahttp://en.wikipedia.org/wiki/General_Motors_India_Private_Limitedhttp://en.wikipedia.org/wiki/Maharashtrahttp://en.wikipedia.org/wiki/Punehttp://en.wikipedia.org/wiki/Chakan,_Maharashtrahttp://en.wikipedia.org/wiki/Maruti_Suzukihttp://en.wikipedia.org/wiki/Haryanahttp://en.wikipedia.org/wiki/Manesarhttp://en.wikipedia.org/wiki/Gurgaonhttp://en.wikipedia.org/wiki/BMW_India_Private_Limitedhttp://en.wikipedia.org/wiki/Nissan_Motor_India_Private_Limitedhttp://en.wikipedia.org/wiki/Renault_India_Private_Limitedhttp://en.wikipedia.org/wiki/Hyundai_Motor_India_Limitedhttp://en.wikipedia.org/wiki/Ford_India_Private_Limitedhttp://en.wikipedia.org/wiki/Detroithttp://en.wikipedia.org/wiki/Chennaihttp://en.wikipedia.org/wiki/Haryanahttp://en.wikipedia.org/wiki/Maharashtrahttp://en.wikipedia.org/wiki/Chennaihttp://en.wikipedia.org/wiki/Indian_Road_Networkhttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/Japanhttp://en.wikipedia.org/wiki/Automobilehttp://en.wikipedia.org/wiki/Asiahttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/Japanhttp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Top 10 Indian Automobile companies:
(According to market cap)
Rank Companys name
1 Maruti Suzuki India Limited
2 Tata Motors
3 Mahindra & Mahindra Limited
4 Hero Motocorp Limited
5 Bajaj Auto
6 Hindustan Motors
7TVS Motors
8Ashok Leyland
9LML
10Force Motors
Maruti Suzuki India Limited.
Maruti Suzuki India Limited is a subsidiary company of Japanese automaker Suzuki Motor
Corporation. It has a market share of 44.9% of the Indian passenger car market as of March
2011. Maruti Suzuki offers a complete range of cars from entry level Maruti 800 and Alto, to
hatchbackRitz, A-Star, Swift, Wagon-R, Estillo and sedans DZire, SX4, in the 'C'
segment Maruti Eeco and Sports Utility vehicleGrand Vitara.
It was the first company in India to mass-produce and sell more than a million cars. It is largely
credited for having brought in an automobile revolution to India. It is the market leader in India,
and on 17 September 2007, Maruti Udyog Limited was renamed as Maruti Suzuki India
Limited. The company's headquarters are located in New Delhi.[1]In February 2012, the
company sold its 10th million vehicle in India.
http://en.wikipedia.org/wiki/Automakerhttp://en.wikipedia.org/wiki/Suzukihttp://en.wikipedia.org/wiki/Suzukihttp://en.wikipedia.org/wiki/Maruti_800http://en.wikipedia.org/wiki/Maruti_Altohttp://en.wikipedia.org/wiki/Maruti_Ritzhttp://en.wikipedia.org/w/index.php?title=Maruti_A-Star&action=edit&redlink=1http://en.wikipedia.org/wiki/Maruti_Swifthttp://en.wikipedia.org/wiki/Maruti_Wagon-Rhttp://en.wikipedia.org/w/index.php?title=Maruti_Estillo&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Maruti_DZire&action=edit&redlink=1http://en.wikipedia.org/wiki/Maruti_SX4http://en.wikipedia.org/wiki/Maruti_Eecohttp://en.wikipedia.org/wiki/Maruti_Grand_Vitarahttp://en.wikipedia.org/wiki/New_Delhihttp://en.wikipedia.org/wiki/Maruti_suzuki#cite_note-marutisuzuki1-0http://en.wikipedia.org/wiki/Maruti_suzuki#cite_note-marutisuzuki1-0http://en.wikipedia.org/wiki/Maruti_suzuki#cite_note-marutisuzuki1-0http://en.wikipedia.org/wiki/Maruti_suzuki#cite_note-marutisuzuki1-0http://en.wikipedia.org/wiki/New_Delhihttp://en.wikipedia.org/wiki/Maruti_Grand_Vitarahttp://en.wikipedia.org/wiki/Maruti_Eecohttp://en.wikipedia.org/wiki/Maruti_SX4http://en.wikipedia.org/w/index.php?title=Maruti_DZire&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Maruti_Estillo&action=edit&redlink=1http://en.wikipedia.org/wiki/Maruti_Wagon-Rhttp://en.wikipedia.org/wiki/Maruti_Swifthttp://en.wikipedia.org/w/index.php?title=Maruti_A-Star&action=edit&redlink=1http://en.wikipedia.org/wiki/Maruti_Ritzhttp://en.wikipedia.org/wiki/Maruti_Altohttp://en.wikipedia.org/wiki/Maruti_800http://en.wikipedia.org/wiki/Suzukihttp://en.wikipedia.org/wiki/Suzukihttp://en.wikipedia.org/wiki/Automaker -
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Tata Motors Limited
Tata Motors Limited is an Indian multinational automotive corporation headquartered
in Mumbai, India. It is the eighteenth largest motor vehicle manufacturing company in the world
by volume. Part of the Tata Group, it was formerly known as TELCO(TATA Engineering andLocomotive Company). Its products include passenger cars, trucks, vans and coaches.
Tata Motors is South Asias largest automobile company; it is the leader in commercial
vehicles and among the top three in passenger vehicles. Worldwide it is the world's fourth-largest
truck manufacturer and second-largest bus manufacturer.[2]It has auto manufacturing and
assembly plants in Jamshedpur,Pantnagar, Lucknow, Sanand, Dharwad and Pune, India, as wellas in Argentina, South Africa, Thailand and the United Kingdom. Tata Motors has produced and
sold over 6.5 million vehicles in India since 1954.
Originally a manufacturer oflocomotives, the company manufactured its first commercial
vehicle in 1954 in a collaboration with Daimler-Benz AG, which ended in 1969. In 2010, Tata
Motors surpassed Reliance to win the coveted title of 'India's most valuable brand' in an annual
survey conducted by Brand Finance and The Economic Times.
Mahindra & Mahindra Limited (M&M)
Mahindra & Mahindra Limited (M&M) is an Indian multinational automaker headquartered
in Mumbai, Maharashtra, India. It is one of the largest automobile manufacturers by production
in India and subsidiary ofMahindra Group conglomerate. The company was set up in 1945
inLudhiana as Mahindra & Mohammed by brothers K.C. Mahindra and J.C. Mahindra and MalikGhulam Mohammed. After India gained independence andPakistan was formed, Mohammed
emigrated to Pakistan where he became the nation's first finance minister. The company changed
its name to Mahindra & Mahindra in 1948. It is ranked #21 in the list of top companies of India
in Fortune India 500 in 2011.
Hero Motocorp Ltd.
Hero Motocorp Ltd. formerly Hero Honda is an Indian motorcycle and scooter manufacturerbased inNew Delhi, India. Hero Honda started in 1984 as a joint venture between Hero Cycles of
India and Honda of Japan. The company is the largest two wheeler manufacturer in India. The
2006 Forbes 200 Most Respected companies list has Hero Honda Motors ranked at 108.
In 2010, When Honda decided to move out of the joint venture, Hero Group bought the shares
held by Honda. Subsequently, in August 2011 the company was renamed Hero MotoCorp with a
new corporate identity.
http://en.wikipedia.org/wiki/Multinational_corporationhttp://en.wikipedia.org/wiki/Automotive_industryhttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Automotive_industry#Top_vehicle_manufacturing_groups_.3Cby_volume.3Ehttp://en.wikipedia.org/wiki/Tata_Grouphttp://en.wikipedia.org/wiki/Commercial_vehicleshttp://en.wikipedia.org/wiki/Commercial_vehicleshttp://en.wikipedia.org/wiki/Tata_Motors#cite_note-10K-1http://en.wikipedia.org/wiki/Tata_Motors#cite_note-10K-1http://en.wikipedia.org/wiki/Tata_Motors#cite_note-10K-1http://en.wikipedia.org/wiki/Jamshedpurhttp://en.wikipedia.org/wiki/Pantnagarhttp://en.wikipedia.org/wiki/Lucknowhttp://en.wikipedia.org/wiki/Sanandhttp://en.wikipedia.org/wiki/Dharwadhttp://en.wikipedia.org/wiki/Punehttp://en.wikipedia.org/wiki/Locomotiveshttp://en.wikipedia.org/wiki/Daimler-Benzhttp://en.wikipedia.org/wiki/Brand_Financehttp://en.wikipedia.org/wiki/Automakerhttp://en.wikipedia.org/wiki/Mumbai,_Maharashtrahttp://en.wikipedia.org/wiki/Automobile_manufacturerhttp://en.wikipedia.org/wiki/Mahindra_Grouphttp://en.wikipedia.org/wiki/Ludhianahttp://en.wikipedia.org/wiki/Malik_Ghulam_Muhammadhttp://en.wikipedia.org/wiki/Malik_Ghulam_Muhammadhttp://en.wikipedia.org/wiki/Pakistanhttp://en.wikipedia.org/wiki/Finance_ministerhttp://en.wikipedia.org/wiki/Fortune_India_500http://en.wikipedia.org/wiki/Motorcyclehttp://en.wikipedia.org/wiki/Scooter_(motorcycle)http://en.wikipedia.org/wiki/New_Delhi,_Indiahttp://en.wikipedia.org/wiki/Hero_Cycleshttp://en.wikipedia.org/wiki/Hondahttp://en.wikipedia.org/wiki/Hero_Honda_Splithttp://en.wikipedia.org/wiki/Hero_Honda_Splithttp://en.wikipedia.org/wiki/Hondahttp://en.wikipedia.org/wiki/Hero_Cycleshttp://en.wikipedia.org/wiki/New_Delhi,_Indiahttp://en.wikipedia.org/wiki/Scooter_(motorcycle)http://en.wikipedia.org/wiki/Motorcyclehttp://en.wikipedia.org/wiki/Fortune_India_500http://en.wikipedia.org/wiki/Finance_ministerhttp://en.wikipedia.org/wiki/Pakistanhttp://en.wikipedia.org/wiki/Malik_Ghulam_Muhammadhttp://en.wikipedia.org/wiki/Malik_Ghulam_Muhammadhttp://en.wikipedia.org/wiki/Ludhianahttp://en.wikipedia.org/wiki/Mahindra_Grouphttp://en.wikipedia.org/wiki/Automobile_manufacturerhttp://en.wikipedia.org/wiki/Mumbai,_Maharashtrahttp://en.wikipedia.org/wiki/Automakerhttp://en.wikipedia.org/wiki/Brand_Financehttp://en.wikipedia.org/wiki/Daimler-Benzhttp://en.wikipedia.org/wiki/Locomotiveshttp://en.wikipedia.org/wiki/Punehttp://en.wikipedia.org/wiki/Dharwadhttp://en.wikipedia.org/wiki/Sanandhttp://en.wikipedia.org/wiki/Lucknowhttp://en.wikipedia.org/wiki/Pantnagarhttp://en.wikipedia.org/wiki/Jamshedpurhttp://en.wikipedia.org/wiki/Tata_Motors#cite_note-10K-1http://en.wikipedia.org/wiki/Commercial_vehicleshttp://en.wikipedia.org/wiki/Commercial_vehicleshttp://en.wikipedia.org/wiki/Tata_Grouphttp://en.wikipedia.org/wiki/Automotive_industry#Top_vehicle_manufacturing_groups_.3Cby_volume.3Ehttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Automotive_industryhttp://en.wikipedia.org/wiki/Multinational_corporation -
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Bajaj Auto Limited
Bajaj Auto Limited is an Indian motorized vehicle-producing company. Bajaj Auto is a partofBajaj Group. Its founded by Jamnalal Bajaj at Rajasthan in the 1930s. It is based
in Pune, Maharashtra, with plants in Chakan (Pune), Waluj (near Aurangabad)andPantnagar in Uttaranchal. The oldest plant at Akurdi (Pune) now houses the R&D centre
Ahead. Bajaj Auto makes and exports automobiles, scooters,motorcycles and the auto rickshaw.
The Forbes Global 2000 list for the year 2005 ranked Bajaj Auto at 1,946.[2]It features at 1639 in
forbes 2011 list.
Hindustan Motors
Hindustan Motors is an Indian automaker based in Kolkata, West Bengal, India. It is part of
the Birla Technical Services industrial group. The company was the largest car manufacturer in
India before the rise ofMaruti Udyog.
It is the producer of the Ambassador car, widely used as a taxicab and as agovernment limousine. This car is based on the Morris Oxford, a British car that dates back to
1954.
One of the original three car manufacturers in India, founded in 1942 by Mr. B.M. Birla, it was a
leader in car sales until the 1980s, when the industry was opened up from protection. Manoj Jha
was the Managing Director and R.Yeshwanth. Mr.Manoj Jha stepped down from the post on 21stFebruary '2012 . It began in Port Okha near Gujarat, and in 1948, moved to West Bengal. The
Place is now Called Hindmotor.
TVS Motor Company Limited
TVS Motor Company Limited(BSE: 532343, NSE: TVSMOTOR) is the fourth largest two-wheeler manufacturer in India.[1]It is the flagship company of the parent TVS Group employing
over 40,000 people with an estimated 15 million customers.[2]It manufactures
motorcycles, scooters, mopeds and auto rickshaws. It is India's only two-wheeler company to
have won the Deming Prize awarded for commitment to quality control, received in 2002.
http://en.wikipedia.org/wiki/Bajaj_Grouphttp://en.wikipedia.org/wiki/Jamnalal_Bajajhttp://en.wikipedia.org/wiki/Rajasthanhttp://en.wikipedia.org/wiki/Punehttp://en.wikipedia.org/wiki/Maharashtrahttp://en.wikipedia.org/wiki/Chakanhttp://en.wikipedia.org/wiki/Aurangabad,_Maharashtrahttp://en.wikipedia.org/wiki/Pantnagarhttp://en.wikipedia.org/wiki/Uttaranchalhttp://en.wikipedia.org/wiki/Automobilehttp://en.wikipedia.org/wiki/Scooter_(motorcycle)http://en.wikipedia.org/wiki/Motorcyclehttp://en.wikipedia.org/wiki/Auto_rickshawhttp://en.wikipedia.org/wiki/Forbes_Global_2000http://en.wikipedia.org/wiki/Bajaj_Auto#cite_note-1http://en.wikipedia.org/wiki/Bajaj_Auto#cite_note-1http://en.wikipedia.org/wiki/Bajaj_Auto#cite_note-1http://en.wikipedia.org/wiki/Birla_Technical_Serviceshttp://en.wikipedia.org/wiki/Maruti_Udyoghttp://en.wikipedia.org/wiki/Hindustan_Ambassadorhttp://en.wikipedia.org/wiki/Taxicabhttp://en.wikipedia.org/wiki/Limousinehttp://en.wikipedia.org/wiki/Morris_Oxfordhttp://en.wikipedia.org/wiki/United_Kingdomhttp://en.wikipedia.org/wiki/Protectionismhttp://en.wikipedia.org/wiki/Gujarathttp://en.wikipedia.org/wiki/Hindmotorhttp://en.wikipedia.org/wiki/Bombay_Stock_Exchangehttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532343http://en.wikipedia.org/wiki/National_Stock_Exchange_of_Indiahttp://www.nseindia.com/marketinfo/companyinfo/companysearch.jsp?cons=TVSMOTOR§ion=7http://en.wikipedia.org/wiki/TVS_Motor#cite_note-0http://en.wikipedia.org/wiki/TVS_Motor#cite_note-0http://en.wikipedia.org/wiki/TVS_Motor#cite_note-0http://en.wikipedia.org/wiki/TVS_Grouphttp://en.wikipedia.org/wiki/TVS_Motor#cite_note-1http://en.wikipedia.org/wiki/TVS_Motor#cite_note-1http://en.wikipedia.org/wiki/TVS_Motor#cite_note-1http://en.wikipedia.org/wiki/Scooter_(motorcycle)http://en.wikipedia.org/wiki/Mopedhttp://en.wikipedia.org/wiki/Auto_rickshawshttp://en.wikipedia.org/wiki/Deming_Prizehttp://en.wikipedia.org/wiki/Deming_Prizehttp://en.wikipedia.org/wiki/Auto_rickshawshttp://en.wikipedia.org/wiki/Mopedhttp://en.wikipedia.org/wiki/Scooter_(motorcycle)http://en.wikipedia.org/wiki/TVS_Motor#cite_note-1http://en.wikipedia.org/wiki/TVS_Grouphttp://en.wikipedia.org/wiki/TVS_Motor#cite_note-0http://www.nseindia.com/marketinfo/companyinfo/companysearch.jsp?cons=TVSMOTOR§ion=7http://en.wikipedia.org/wiki/National_Stock_Exchange_of_Indiahttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532343http://en.wikipedia.org/wiki/Bombay_Stock_Exchangehttp://en.wikipedia.org/wiki/Hindmotorhttp://en.wikipedia.org/wiki/Gujarathttp://en.wikipedia.org/wiki/Protectionismhttp://en.wikipedia.org/wiki/United_Kingdomhttp://en.wikipedia.org/wiki/Morris_Oxfordhttp://en.wikipedia.org/wiki/Limousinehttp://en.wikipedia.org/wiki/Taxicabhttp://en.wikipedia.org/wiki/Hindustan_Ambassadorhttp://en.wikipedia.org/wiki/Maruti_Udyoghttp://en.wikipedia.org/wiki/Birla_Technical_Serviceshttp://en.wikipedia.org/wiki/Bajaj_Auto#cite_note-1http://en.wikipedia.org/wiki/Forbes_Global_2000http://en.wikipedia.org/wiki/Auto_rickshawhttp://en.wikipedia.org/wiki/Motorcyclehttp://en.wikipedia.org/wiki/Scooter_(motorcycle)http://en.wikipedia.org/wiki/Automobilehttp://en.wikipedia.org/wiki/Uttaranchalhttp://en.wikipedia.org/wiki/Pantnagarhttp://en.wikipedia.org/wiki/Aurangabad,_Maharashtrahttp://en.wikipedia.org/wiki/Chakanhttp://en.wikipedia.org/wiki/Maharashtrahttp://en.wikipedia.org/wiki/Punehttp://en.wikipedia.org/wiki/Rajasthanhttp://en.wikipedia.org/wiki/Jamnalal_Bajajhttp://en.wikipedia.org/wiki/Bajaj_Group -
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Ashok Leyland
Ashok Leyland is a commercial vehicle manufacturing company based in Chennai, India.
Founded in 1948, the company is one of India's leading manufacturers of commercial vehicles,
such as trucks and buses, as well as emergency and military vehicles. Operating six plants,
Ashok Leyland also makes spare parts and engines for industrial and marine applications. It sellsabout 60,000 vehicles and about 7,000 engines annually. It is the second largest commercial
vehicle company in India in the medium and heavy commercial vehicle (M&HCV) segment with
a market share of 28% (200708). With passenger transportation options ranging from 19 seaters
to 80 seaters, Ashok Leyland is a market leader in the bus segment.The company claims to carryover 60 million passengers a day, more people than the entire Indian rail network. In the trucks
segment Ashok Leyland primarily concentrates on the 16 ton to 25 ton range of trucks. However
Ashok Leyland has presence in the entire truck range starting from 7.5 tons to 49 tons. The joint
venture announced with Nissan Motors of Japan would improve its presence in the LightCommercial Vehicle (LCV) segment (
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The company which mainly operates in commercial vehicle segment, entered into Personal
Vehicle segment on 19/08/2011 and launched its first SUV named Force-One[2]. Amitabh
Bachhan, the Indian film industry icon, is the Brand Ambassador for this product.[3]
The company manufactures trucks at Pithampur, the industrial hub ofMadhya
Pradesh in Indore in a joint venture, Man Force Trucks Pvt. Ltd, with MAN AG of
Germany.[4]MAN Force trucks are exported overseas to countries such as Sri Lanka, Indonesia,and certain African nations; markets where a low selling price is essential.
http://en.wikipedia.org/wiki/Force_Motors#cite_note-1http://en.wikipedia.org/wiki/Force_Motors#cite_note-1http://en.wikipedia.org/wiki/Force_Motors#cite_note-1http://en.wikipedia.org/wiki/Amitabh_Bachhanhttp://en.wikipedia.org/wiki/Amitabh_Bachhanhttp://en.wikipedia.org/wiki/Force_Motors#cite_note-2http://en.wikipedia.org/wiki/Force_Motors#cite_note-2http://en.wikipedia.org/wiki/Force_Motors#cite_note-2http://en.wikipedia.org/wiki/Pithampurhttp://en.wikipedia.org/wiki/Madhya_Pradeshhttp://en.wikipedia.org/wiki/Madhya_Pradeshhttp://en.wikipedia.org/wiki/Indorehttp://en.wikipedia.org/wiki/Joint_venturehttp://en.wikipedia.org/wiki/MAN_SEhttp://en.wikipedia.org/wiki/Force_Motors#cite_note-3http://en.wikipedia.org/wiki/Force_Motors#cite_note-3http://en.wikipedia.org/wiki/Force_Motors#cite_note-3http://en.wikipedia.org/wiki/Sri_Lankahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Indonesiahttp://en.wikipedia.org/wiki/Sri_Lankahttp://en.wikipedia.org/wiki/Force_Motors#cite_note-3http://en.wikipedia.org/wiki/MAN_SEhttp://en.wikipedia.org/wiki/Joint_venturehttp://en.wikipedia.org/wiki/Indorehttp://en.wikipedia.org/wiki/Madhya_Pradeshhttp://en.wikipedia.org/wiki/Madhya_Pradeshhttp://en.wikipedia.org/wiki/Pithampurhttp://en.wikipedia.org/wiki/Force_Motors#cite_note-2http://en.wikipedia.org/wiki/Amitabh_Bachhanhttp://en.wikipedia.org/wiki/Amitabh_Bachhanhttp://en.wikipedia.org/wiki/Force_Motors#cite_note-1 -
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Capital structure of Top 10 Indian Automobile companies:
Name of Company
Equity Capital(In crore)
(Equity+surplus)
2010-11 2009-10 2008-09 2007-08 2006-07 Average
Maruti Suzuki in. ltd. 13,867.50 11,835.10 9,344.90 8,415.40 6,853.90 10,063.36
TATA Motors 19,986.05 14,779.15 12,369.20 7,813.99 6,843.80 12,358.44
Mahindra & Mahindra
ltd. 10,268.24 7,810.55 5,231.88 4,337.60 3,540.04 6,237.66
Hero Honda ltd. 2,956.06 3,465.02 3,800.75 2,986.24 2,470.06 3,135.63
Bajaj Auto 4,910.22 2,928.34 1,869.69 1,587.59 5,534.32 3,366.03
Hindustan Motors 33.09 32.34 83.44 122.30 91.46 72.53
TVS Motors 999.41 865.38 813.13 821.58 809.27 861.75
Ashok Leyland 2,656.68 2,323.13 2,109.03 2,126.60 1,871.62 2,217.41
LML 81.98 81.98 80.35 80.35 80.35 81.00
Force Motors 334.28 283.32 227.52 102.96 186.61 226.94
Average 5,609.35 4,440.43 3,592.99 2,839.46 2,828.14 3,862.08
Name of Company
Debt Capital (In
crore)
2010-11 2009-10 2008-09 2007-08 2006-07 Average
Maruti Suzuki in. ltd. 309.3 821.4 698.9 900.2 630.8 672.12
TATA Motors 15,898.75 16,625.91 13,165.56 6,280.52 4,009.14 11195.98
Mahindra &Mahindra ltd. 2,405.29 2,880.15 4,052.76 2,587.06 1,636.00 2712.252
Hero Motocorp ltd. 1,491.16 66.03 78.49 132 165.17 386.57
Bajaj Auto 325.15 1,338.58 1,570.00 1,334.34 1,625.43 1238.7
Hindustan Motors 133.59 95.84 129.02 126.09 187.52 134.412
TVS Motors 785.42 1,003.29 905.98 666.34 633.56 798.918
Ashok Leyland 2,658.19 2,280.45 1,961.98 887.5 640.4 1685.704
LML 177.04 140.18 141.99 129.99 112.38 140.316
Force Motors 249.51 147.83 160.92 365.91 249.32 234.698
Average 2443.34 2539.966 2286.56 1340.995 988.972 1919.967
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Capital structure (Average) of Top 10 Indian Automobile companies:
Form of
Capital 2010-11 2009-10 2008-09 2007-08 2006-07 Average(Cr)
Equity Capital 5,609.35 4,440.43 3,592.99 2,839.46 2,828.14 3,862.08
Debt Capital 2443.34 2539.966 2286.56 1340.995 988.972 1919.967
Debt-EquityRatio 0.46:1 0.57:1 0.64:1 0.47:1 0.35:1 0.50:1
Here, the Equity capital is tends to increase every year and Debt capital tends to increase
initially but then decrease. Also Equity is increasing at faster rate compared to the Debt capital.
The average Debt-Equity Ratio of the sector is 0.50:1 which more than the FMCG sector
is.
0.00
1,000.00
2,000.00
3,000.00
4,000.00
5,000.00
6,000.00
2010-11 2009-10 2008-09 2007-08 2006-07
Rs.(Cr)
Year
Automobile sector
Equity Capital
Debt Capital
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Comparison between Two Sectors:
Form of Capital 2010-11 2009-10 2008-09 2007-08 2006-07 Average(Cr)
Equity
Capital(FMCG) 924.01 728.68 569.17 415.18 434.04 614.22
Growth Rate ofEquity(FMCG) 26.81% 28.03% 37.08% -4.34% -EquityCapital( Automobile) 5,609.35 4,440.43 3,592.99 2,839.46 2,828.14 3,862.08
Growth Rate ofEquity(Automobile) 26.32% 23.59% 26.54% 0.20% -
Debt-EquityRatio(FMCG) 0.20:1 0.18:1 0.35:1 0.25:1 0.20:1 0.23:1
Debt-Equity
Ratio(Automobile) 0.46:1 0.57:1 0.64:1 0.47:1 0.35:1 0.50:1
Interpretation:
Here, it is clear from the chart that Equity capital in the FMCG sector is higher as compare to theAutomobile sector and the rate of growth is also faster as compared to the Automobile sector.
But in the financial Year both the sector tends to increase Equity at the same rate with slight
difference.
0
1000
2000
3000
4000
5000
6000
2010-11 2009-10 2008-09 2007-08 2006-07
Rs.(Cr)
Year
Equity Comparison
EquityCapital(FMCG)
Equity
Capital(Autom
obile)
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Form of Capital 2010-11 2009-10 2008-09 2007-08 2006-07 Average(Cr)
Debt
Capital(FMCG) 185.647 130.084 197.808 102.095 86.739 140.4746Growth Rate ofDebt(FMCG) 42.71% -34.24% 93.75% 17.70% -
Debt Capital(Automobile) 2443.34 2539.966 2286.56 1340.995 988.972 1919.967
Growth Rate ofDebt(Automobile) -3.80% 11.08% 70.51% 35.59% -
Debt-EquityRatio(FMCG) 0.20:1 0.18:1 0.35:1 0.25:1 0.20:1 0.23:1
Debt-EquityRatio(Automobile) 0.46:1 0.57:1 0.64:1 0.47:1 0.35:1 0.50:1
Interpretation:-
From the above graph we can conclude that the debt equity ratio of automobile
sector is more as compared to the FMCG sector, it is but obvious because in the automobile
sector huge initial investment has to be incurred on the acquisition of the raw material so as to
meet the high demand while in FMCG sector their is short operation cycle compared to the
automobile sector and also less initial capital investment is required so we can say that because
of this reason the debt equity ratio of automobile sector is more than the FMCG sector.
0
500
1000
1500
2000
2500
3000
2010-11 2009-10 2008-09 2007-08 2006-07
Rs.(Cr)
YEAR
Debt Comparison
Debt Capital(FMCG)
Debt Capital(Automobile)
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FINDINGS:-
We hereby found that the average debt capital in automobile sector for the last
five years is Rs. 1919.97 crores while in FMCG sector the average debt capital of the last five
years is Rs. 140.47 crores which is very much lower than the automobile sector.
Also the average equity capital of the automobile sector is higher than the
FMCG sector the average equity capital of automobile sector is Rs. 3862.08 crores while that of
the FMCG sector average equity capital is just rupees 614.22 crores.
The debt equity ratio of FMCG sector is 0.23:1 and that of the automobile sector
is 0.50:1. So, we can say that automobile sector has the high leverage compared to the FMCG
sector.
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CONCLUSION:-
From the above findings and calculations done we can conclude that the
automobile sector has the capital structure with high equity and debt ratio. The reason behindsuch a difference between the two sectors is may be due to their difference in their operating
cycle and also their investment pattern.
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Bibliography
WEBSITE
http://money.rediff.com/
http://www.moneycontrol.com/
http://en.wikipedia.org/
BOOKS
FINANCIAL MANAGEMENT BY I.M.PANDEY
http://money.rediff.com/http://www.moneycontrol.com/http://www.moneycontrol.com/http://www.moneycontrol.com/http://money.rediff.com/ -
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ANNEXURE
Companies in Indian FMCG industry:
A
ADF Foods Ltd
Agro Dutch Inds. Ltd
Agro Tech Foods Ltd
Ajanta Soya Ltd
Amar Remedies Ltd
Amrit Corp. Ltd
Anik Industries Ltd
ANS Ltd
Apeejay Tea Ltd
Arcuttipore Tea Company Ltd
Assam Company India Ltd.
AVT Natural Products Ltd
B
B&A Ltd
Bajaj Hindusthan Ltd.
Bajaj Hindusthan Sugar & Inds. Ltd
Balrampur Chini Mills Ltd.
Bambino Agro Inds. LtdBCL Industries & Infrastructures LtD
Beeyu Overseas Ltd
Belapur Industries Ltd
Bio Whitegold Farms Ltd
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Britannia
Britannia Industries Ltd
C
Camson Bio Technologies Ltd
CCL Products (India) Ltd.
Chaman Lal Setia Exports Ltd
Chordia Food Products Ltd
Colgate-Palmolive (India) Ltd
D
Dabur India Ltd
Darshan Oils Ltd
DCM Shriram Inds. Ltd
DFM Foods Ltd
Dhampur Sugar Mills Ltd.
Dhampure Specialty Sugars Ltd
Dharani Sugars & Chemicals Ltd
Dhunseri Tea & Inds. Ltd
Diana Tea Company Ltd
Dollex Industries Ltd.
E
Eastern Sugar & Inds. Ltd
EID-Parry (India) Ltd.
Emami Ltd
Empee Distilleries Ltd
Empee Sugars & Chemicals Ltd.
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Energy Products (India) Ltd.
F
Flex Foods Ltd
Foods & Inns Ltd
Freshtrop Fruits Ltd
G
Gayatri Sugars Ltd
GlaxoSmithKline Consumer Healthcare LtdGMR Industries Ltd
Godfrey Phillips India Limited
Godrej Consumer Products Limited
Gokul Refoils and Solvent Ltd
Goodricke Group Ltd
GRM Overseas Ltd
Gujarat Ambuja Exports Ltd
Gujarat Aqua Inds. Ltd
H
Harrisons Malayalam Ltd
Hatsun Agro Products Ltd
Henkel India Ltd
Heritage Foods (India) Ltd.
Highland Industries Ltd
Hillock Agro Foods (India) Ltd
Himalya International Ltd
Hind Industries Ltd
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Hindustan Unilever Limited
I
IB Infotech Enterprises Ltd
Indage Restaurants and Leisure Ltd
Indian Extractions Ltd
Indian Sucrose Ltd
Indo Biotech Foods Ltd
ITC Limited
IVP Ltd
J
Jay Shree Tea & Inds. Ltd
Jayant Agro-Organics Ltd
Jeypore Sugar Company Ltd.
JK Sugar Ltd
Joonktollee Tea & Industries Ltd
JVL Agro Industries Ltd
K
Kashipur Sugar Mills Ltd.
Kesar Enterprises Ltd
KLRF Ltd
Kohinoor Foods Ltd
Kothari Fermentation & Biochem Ltd
Kothari Products Ltd
KRBL Ltd
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KSE Ltd
Kwality Dairy (India) Ltd
L
Ledo Tea Company Ltd
Longview Tea Company Ltd
Lotte India Corpn. Ltd.
Lotus Chocolate Company Ltd
M
Madhur Industries Ltd
Madhusudan Industries Ltd
Mahaan Foods Ltd
Marico Ltd
Mawana Sugars Ltd. [Merged]
Mihijam Vanaspati Ltd
Milkfood Ltd
Modern Dairies Ltd
Mohan Meakin Ltd
Moneshi Agro Industries Ltd
Mount Everest Mineral Water Ltd
Muller & Phipps (India) Ltd.
Murli Industries Limited
N
Naraingarh Sugar Mills Ltd
Natraj Proteins Ltd
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Neelamalai Agro Inds. Ltd
NEPC Agro Foods Ltd
Nestle India Ltd
Nijjer Agro Foods Ltd
Nirma Ltd
O
Orient Beverages Ltd
Oudh Sugar Mills Ltd
P
Parry Agro Inds. Ltd
Piccadily Agro Inds. Ltd
Piccadily Sugar & Allied Inds. Ltd
Pioneer Agro Extracts Ltd
Ponni Sugars (Erode) Ltd
Poona Dal & Oil Inds. Ltd
Prime Industries Ltd
Procter & Gamble Hygiene and Health Care Limited
Prudential Sugar Corpn. Ltd
R
Radico Khaitan Limited
Rajshree Sugars & Chemicals Ltd
Rana Sugars Ltd
Rasoi Ltd
Rasoya Proteins Ltd.
Rattan Vanaspati Ltd
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Ravalgaon Sugar Farm Ltd
Rei Agro Ltd
Riga Sugar Company Ltd
Riverdale Foods Ltd
RT Exports Ltd
RTCL Ltd
Ruchi Infrastructure Ltd
Ruchi Soya Inds. Ltd
S
Saboo Sodium Chloro Ltd
Sakthi Sugars Ltd
Sampre Nutritions Ltd
Sanwaria Agro Oils Ltd
SBEC Sugar Ltd
Shree Vaani Sugars & Inds. Ltd
Simbhaoli Sugars Ltd
Simran Farms Ltd
Sir Shadi Lal Enterprises Ltd
Sita Shree Food Products Ltd
SKM Egg Products Export (India) Ltd
Spectrum Foods Ltd
Srinivasa Hatcheries Ltd
Sunil Agro Foods Ltd
Super Bakers (India) Ltd
T
T&I Global Ltd
Tarai Foods Ltd
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Tasty Bite Eatables Ltd
Tata Coffee Ltd
Tata Tea Limited
Temptation Foods Ltd
Terai Tea Company Ltd
Tezpore Tea Company Ltd
Thiru Arooran Sugars Ltd
Triveni Engineering & Inds. Ltd
Tyroon Tea Company Ltd
U
Ugar Sugar Works Ltd
Umang Dairies Ltd
Unique Organics Ltd
United Breweries Limited
United Spirits Limited
Upper Ganges Sugar & Inds. Ltd
V
Vadilal Enterprises Ltd
Venky'S (India) Ltd
Venus Sugar Ltd
Vijay Solvex Ltd
Vimal Oil & Foods Ltd
Vishnu Sugar Mills Ltd
Volga Air Technics Ltd.
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W
Warren Tea Ltd
Weikfield Products Company India Private Limited
Wellwin Industry Ltd.
Z
Zicom Electronic Security Systems Ltd.
Zydus Wellness Ltd
LIST OF AUTOMOBILE COMPANIES OF INDIA:-
A
Accel Frontline Ltd
Amara Raja Batteries Ltd
Amtek Auto Ltd
Amtek India Ltd
ANG Auto Ltd
Apollo Tyres Limited
Ashok Leyland Limited
Atul Auto Ltd
Auto Pins (India) Ltd.
Autoline Industries Ltd
Autolite (India) Ltd
Automobile Corpn. Of Goa Ltd
Automotive Axles Ltd
Automotive Stampings & Assemblies Ltd
http://info.shine.com/company/Accel-Frontline-Ltd/1881.aspxhttp://info.shine.com/company/Amara-Raja-Batteries-Ltd/3113.aspxhttp://info.shine.com/company/Amtek-Auto-Ltd/2479.aspxhttp://info.shine.com/company/Amtek-India-Ltd/2610.aspxhttp://info.shine.com/company/ANG-Auto-Ltd/2896.aspxhttp://info.shine.com/company/Apollo-Tyres-Limited/784.aspxhttp://info.shine.com/company/Ashok-Leyland-Limited/785.aspxhttp://info.shine.com/company/Atul-Auto-Ltd/2323.aspxhttp://info.shine.com/company/Auto-Pins-India-Ltd/2404.aspxhttp://info.shine.com/company/Autoline-Industries-Ltd/1861.aspxhttp://info.shine.com/company/Autolite-India-Ltd/3154.aspxhttp://info.shine.com/company/Automobile-Corpn-Of-Goa-Ltd/4201.aspxhttp://info.shine.com/company/Automotive-Axles-Ltd/4199.aspxhttp://info.shine.com/company/Automotive-Stampings-Assemblies-Ltd/2491.aspxhttp://info.shine.com/company/Automotive-Stampings-Assemblies-Ltd/2491.aspxhttp://info.shine.com/company/Automotive-Stampings-Assemblies-Ltd/2491.aspxhttp://info.shine.com/company/Automotive-Axles-Ltd/4199.aspxhttp://info.shine.com/company/Automobile-Corpn-Of-Goa-Ltd/4201.aspxhttp://info.shine.com/company/Autolite-India-Ltd/3154.aspxhttp://info.shine.com/company/Autoline-Industries-Ltd/1861.aspxhttp://info.shine.com/company/Auto-Pins-India-Ltd/2404.aspxhttp://info.shine.com/company/Atul-Auto-Ltd/2323.aspxhttp://info.shine.com/company/Ashok-Leyland-Limited/785.aspxhttp://info.shine.com/company/Apollo-Tyres-Limited/784.aspxhttp://info.shine.com/company/ANG-Auto-Ltd/2896.aspxhttp://info.shine.com/company/Amtek-India-Ltd/2610.aspxhttp://info.shine.com/company/Amtek-Auto-Ltd/2479.aspxhttp://info.shine.com/company/Amara-Raja-Batteries-Ltd/3113.aspxhttp://info.shine.com/company/Accel-Frontline-Ltd/1881.aspx -
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B
Bajaj Auto Ltd
Banco Products (India) Ltd.
Bharat Forge Limited
Bharat Gears Ltd
Bharat Seats Ltd
Bosch Chassis Systems India Ltd
Bosch Limited
Brakes Auto (India) Ltd
C
Ceat Limited
Ceekay Daikin Ltd
Clutch Auto Ltd
Coventry Coil-O-Matic (Haryana) Ltd
D
Daewoo Motors India Ltd.
Delta Magnets Ltd
Denso India Ltd
DIC India Ltd.
E
Eicher Motors Limited
Enkei Castalloy Ltd
Escorts Limited
F
Federal-Mogul Goetze (India) Ltd
http://info.shine.com/company/Automotive-Stampings-Assemblies-Ltd/2491.aspxhttp://info.shine.com/company/Automotive-Stampings-Assemblies-Ltd/2491.aspxhttp://info.shine.com/company/Bajaj-Auto-Ltd/786.aspxhttp://info.shine.com/company/Banco-Products-India-Ltd/1068.aspxhttp://info.shine.com/company/Bharat-Forge-Limited/787.aspxhttp://info.shine.com/company/Bharat-Gears-Ltd/4247.aspxhttp://info.shine.com/company/Bharat-Seats-Ltd/3315.aspxhttp://info.shine.com/company/Bosch-Chassis-Systems-India-Ltd/4206.aspxhttp://info.shine.com/company/Bosch-Limited/788.aspxhttp://info.shine.com/company/Brakes-Auto-India-Ltd/2488.aspxhttp://info.shine.com/company/Brakes-Auto-India-Ltd/2488.aspxhttp://info.shine.com/company/Ceat-Limited/792.aspxhttp://info.shine.com/company/Ceekay-Daikin-Ltd/4268.aspxhttp://info.shine.com/company/Clutch-Auto-Ltd/4202.aspxhttp://info.shine.com/company/Coventry-Coil-O-Matic-Haryana-Ltd/3348.aspxhttp://info.shine.com/company/Coventry-Coil-O-Matic-Haryana-Ltd/3348.aspxhttp://info.shine.com/company/Daewoo-Motors-India-Ltd/1388.aspxhttp://info.shine.com/company/Delta-Magnets-Ltd/1838.aspxhttp://info.shine.com/company/Denso-India-Ltd/1955.aspxhttp://info.shine.com/company/DIC-India-Ltd/1380.aspxhttp://info.shine.com/company/DIC-India-Ltd/1380.aspxhttp://info.shine.com/company/Eicher-Motors-Limited/795.aspxhttp://info.shine.com/company/Enkei-Castalloy-Ltd/2776.aspxhttp://info.shine.com/company/Escorts-Limited/798.aspxhttp://info.shine.com/company/Escorts-Limited/798.aspxhttp://info.shine.com/company/Federal-Mogul-Goetze-India-Ltd/4257.aspxhttp://info.shine.com/company/Federal-Mogul-Goetze-India-Ltd/4257.aspxhttp://info.shine.com/company/Escorts-Limited/798.aspxhttp://info.shine.com/company/Enkei-Castalloy-Ltd/2776.aspxhttp://info.shine.com/company/Eicher-Motors-Limited/795.aspxhttp://info.shine.com/company/DIC-India-Ltd/1380.aspxhttp://info.shine.com/company/Denso-India-Ltd/1955.aspxhttp://info.shine.com/company/Delta-Magnets-Ltd/1838.aspxhttp://info.shine.com/company/Daewoo-Motors-India-Ltd/1388.aspxhttp://info.shine.com/company/Coventry-Coil-O-Matic-Haryana-Ltd/3348.aspxhttp://info.shine.com/company/Clutch-Auto-Ltd/4202.aspxhttp://info.shine.com/company/Ceekay-Daikin-Ltd/4268.aspxhttp://info.shine.com/company/Ceat-Limited/792.aspxhttp://info.shine.com/company/Brakes-Auto-India-Ltd/2488.aspxhttp://info.shine.com/company/Bosch-Limited/788.aspxhttp://info.shine.com/company/Bosch-Chassis-Systems-India-Ltd/4206.aspxhttp://info.shine.com/company/Bharat-Seats-Ltd/3315.aspxhttp://info.shine.com/company/Bharat-Gears-Ltd/4247.aspxhttp://info.shine.com/company/Bharat-Forge-Limited/787.aspxhttp://info.shine.com/company/Banco-Products-India-Ltd/1068.aspxhttp://info.shine.com/company/Bajaj-Auto-Ltd/786.aspx -
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Force Motors Ltd
G
Gabriel India Ltd
Gajra Bevel Gears Ltd
GG Automotive Gears Ltd.
Goodyear India Limited
GS Auto International Ltd
H
Halonix Ltd
Harita Seating Systems Ltd
Hella India Lighting Ltd
Hero Honda Motors Limited
Hindustan Composites Ltd
Hindustan Hardy Spicer Ltd
Hindustan Motors Limited
HMT Ltd
I
Igarashi Motors India Ltd
India Nippon Electricals Ltd
IP Rings Ltd
IST Ltd
J
Jagan Lamps Ltd
Jai Parabolic Springs Ltd
Jamna Auto Inds. Ltd
http://info.shine.com/company/Federal-Mogul-Goetze-India-Ltd/4257.aspxhttp://info.shine.com/company/Force-Motors-Ltd/3156.aspxhttp://info.shine.com/company/Force-Motors-Ltd/3156.aspxhttp://info.shine.com/company/Gabriel-India-Ltd/4251.aspxhttp://info.shine.com/company/Gajra-Bevel-Gears-Ltd/4250.aspxhttp://info.shine.com/company/GG-Automotive-Gears-Ltd/1156.aspxhttp://info.shine.com/company/Goodyear-India-Limited/799.aspxhttp://info.shine.com/company/GS-Auto-International-Ltd/3864.aspxhttp://info.shine.com/company/GS-Auto-International-Ltd/3864.aspxhttp://info.shine.com/company/Halonix-Ltd/1258.aspxhttp://info.shine.com/company/Harita-Seating-Systems-Ltd/1662.aspxhttp://info.shine.com/company/Hella-India-Lighting-Ltd/1956.aspxhttp://info.shine.com/company/Hero-Honda-Motors-Limited/800.aspxhttp://info.shine.com/company/Hindustan-Composites-Ltd/4121.aspxhttp://info.shine.com/company/Hindustan-Hardy-Spicer-Ltd/4267.aspxhttp://info.shine.com/company/Hindustan-Motors-Limited/801.aspxhttp://info.shine.com/company/HMT-Ltd/3136.aspxhttp://info.shine.com/company/HMT-Ltd/3136.aspxhttp://info.shine.com/company/Igarashi-Motors-India-Ltd/1270.aspxhttp://info.shine.com/company/India-Nippon-Electricals-Ltd/2507.aspxhttp://info.shine.com/company/IP-Rings-Ltd/3384.aspxhttp://info.shine.com/company/IST-Ltd/4432.aspxhttp://info.shine.com/company/IST-Ltd/4432.aspxhttp://info.shine.com/company/Jagan-Lamps-Ltd/2900.aspxhttp://info.shine.com/company/Jai-Parabolic-Springs-Ltd/2456.aspxhttp://info.shine.com/company/Jamna-Auto-Inds-Ltd/1958.aspxhttp://info.shine.com/company/Jamna-Auto-Inds-Ltd/1958.aspxhttp://info.shine.com/company/Jai-Parabolic-Springs-Ltd/2456.aspxhttp://info.shine.com/company/Jagan-Lamps-Ltd/2900.aspxhttp://info.shine.com/company/IST-Ltd/4432.aspxhttp://info.shine.com/company/IP-Rings-Ltd/3384.aspxhttp://info.shine.com/company/India-Nippon-Electricals-Ltd/2507.aspxhttp://info.shine.com/company/Igarashi-Motors-India-Ltd/1270.aspxhttp://info.shine.com/company/HMT-Ltd/3136.aspxhttp://info.shine.com/company/Hindustan-Motors-Limited/801.aspxhttp://info.shine.com/company/Hindustan-Hardy-Spicer-Ltd/4267.aspxhttp://info.shine.com/company/Hindustan-Composites-Ltd/4121.aspxhttp://info.shine.com/company/Hero-Honda-Motors-Limited/800.aspxhttp://info.shine.com/company/Hella-India-Lighting-Ltd/1956.aspxhttp://info.shine.com/company/Harita-Seating-Systems-Ltd/1662.aspxhttp://info.shine.com/company/Halonix-Ltd/1258.aspxhttp://info.shine.com/company/GS-Auto-International-Ltd/3864.aspxhttp://info.shine.com/company/Goodyear-India-Limited/799.aspxhttp://info.shine.com/company/GG-Automotive-Gears-Ltd/1156.aspxhttp://info.shine.com/company/Gajra-Bevel-Gears-Ltd/4250.aspxhttp://info.shine.com/company/Gabriel-India-Ltd/4251.aspxhttp://info.shine.com/company/Force-Motors-Ltd/3156.aspx -
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Jay Bharat Maruti Ltd
Jay Ushin Ltd
JBM Auto Ltd
JK Tyre & Industries Limited
K
KAR Mobiles Ltd.
KEW Industries Ltd
KIC Metaliks Ltd
Kinetic Engineering Ltd.
Kinetic Motor Company Ltd
Konkan Tyres Ltd
L
LML Ltd.
Lumax Auto Technologies Ltd
Lumax Automotive Systems Ltd
Lumax Industries Ltd
M
Machino Plastics Ltd
Magicut Tools Ltd
Maharashtra Scooters Ltd
Mahindra & Mahindra Limited
Mahindra Composites Ltd
Majestic Auto Ltd
Maruti Suzuki India Ltd
Minda Industries Ltd
http://info.shine.com/company/Jamna-Auto-Inds-Ltd/1958.aspxhttp://info.shine.com/company/Jay-Bharat-Maruti-Ltd/2473.aspxhttp://info.shine.com/company/Jay-Ushin-Ltd/3846.aspxhttp://info.shine.com/company/JBM-Auto-Ltd/2011.aspxhttp://info.shine.com/company/JK-Tyre-Industries-Limited/802.aspxhttp://info.shine.com/company/JK-Tyre-Industries-Limited/802.aspxhttp://info.shine.com/company/KAR-Mobiles-Ltd/1515.aspxhttp://info.shine.com/company/KEW-Industries-Ltd/1894.aspxhttp://info.shine.com/company/KIC-Metaliks-Ltd/3783.aspxhttp://info.shine.com/company/Kinetic-Engineering-Ltd/2030.aspxhttp://info.shine.com/company/Kinetic-Motor-Company-Ltd/4207.aspxhttp://info.shine.com/company/Konkan-Tyres-Ltd/3652.aspxhttp://info.shine.com/company/Konkan-Tyres-Ltd/3652.aspxhttp://info.shine.com/company/LML-Ltd/2040.aspxhttp://info.shine.com/company/Lumax-Auto-Technologies-Ltd/1862.aspxhttp://info.shine.com/company/Lumax-Automotive-Systems-Ltd/2583.aspxhttp://info.shine.com/company/Lumax-Industries-Ltd/1241.aspxhttp://info.shine.com/company/Lumax-Industries-Ltd/1241.aspxhttp://info.shine.com/company/Machino-Plastics-Ltd/3321.aspxhttp://info.shine.com/company/Magicut-Tools-Ltd/2395.aspxhttp://info.shine.com/company/Maharashtra-Scooters-Ltd/2046.aspxhttp://info.shine.com/company/Mahindra-Mahindra-Limited/803.aspxhttp://info.shine.com/company/Mahindra-Composites-Ltd/3459.aspxhttp://info.shine.com/company/Majestic-Auto-Ltd/2047.aspxhttp://info.shine.com/company/Maruti-Suzuki-India-Ltd/2601.aspxhttp://info.shine.com/company/Minda-Industries-Ltd/2581.aspxhttp://info.shine.com/company/Minda-Industries-Ltd/2581.aspxhttp://info.shine.com/company/Maruti-Suzuki-India-Ltd/2601.aspxhttp://info.shine.com/company/Majestic-Auto-Ltd/2047.aspxhttp://info.shine.com/company/Mahindra-Composites-Ltd/3459.aspxhttp://info.shine.com/company/Mahindra-Mahindra-Limited/803.aspxhttp://info.shine.com/company/Maharashtra-Scooters-Ltd/2046.aspxhttp://info.shine.com/company/Magicut-Tools-Ltd/2395.aspxhttp://info.shine.com/company/Machino-Plastics-Ltd/3321.aspxhttp://info.shine.com/company/Lumax-Industries-Ltd/1241.aspxhttp://info.shine.com/company/Lumax-Automotive-Systems-Ltd/2583.aspxhttp://info.shine.com/company/Lumax-Auto-Technologies-Ltd/1862.aspxhttp://info.shine.com/company/LML-Ltd/2040.aspxhttp://info.shine.com/company/Konkan-Tyres-Ltd/3652.aspxhttp://info.shine.com/company/Kinetic-Motor-Company-Ltd/4207.aspxhttp://info.shine.com/company/Kinetic-Engineering-Ltd/2030.aspxhttp://info.shine.com/company/KIC-Metaliks-Ltd/3783.aspxhttp://info.shine.com/company/KEW-Industries-Ltd/1894.aspxhttp://info.shine.com/company/KAR-Mobiles-Ltd/1515.aspxhttp://info.shine.com/company/JK-Tyre-Industries-Limited/802.aspxhttp://info.shine.com/company/JBM-Auto-Ltd/2011.aspxhttp://info.shine.com/company/Jay-Ushin-Ltd/3846.aspxhttp://info.shine.com/company/Jay-Bharat-Maruti-Ltd/2473.aspx -
8/2/2019 capital strutur of fmcg &automobile sector
37/39
37
Modi Rubber Ltd
Motherson Sumi Systems Ltd
MRF Limited
Munjal Auto Inds. Ltd
Munjal Showa Ltd
O
Omax Autos Ltd
P
PAE Ltd
Porwal Auto Components Ltd
Precision Pipes & Profiles Co Ltd
Pricol Ltd
Punjab Tractors Ltd
R
Rane (Madras) Ltd
Rane Brake Linings Ltd
Rane Engine Valve Ltd
Raunaq Automotive Components Ltd
Remsons Industries Ltd
Rico Auto Inds. Ltd
S
Samkrg Pistons & Rings Ltd
Scooters India Ltd
Setco Automotive Ltd
Shivam Autotech Ltd
http://info.shine.com/company/Minda-Industries-Ltd/2581.aspxhttp://info.shine.com/company/Modi-Rubber-Ltd/2163.aspxhttp://info.shine.com/company/Motherson-Sumi-Systems-Ltd/1263.aspxhttp://info.shine.com/company/MRF-Limited/845.aspxhttp://info.shine.com/company/Munjal-Auto-Inds-Ltd/1961.aspxhttp://info.shine.com/company/Munjal-Showa-Ltd/1957.aspxhttp://info.shine.com/company/Munjal-Showa-Ltd/1957.aspxhttp://info.shine.com/company/Omax-Autos-Ltd/1954.aspxhttp://info.shine.com/company/Omax-Autos-Ltd/1954.aspxhttp://info.shine.com/company/PAE-Ltd/1247.aspxhttp://info.shine.com/company/Porwal-Auto-Components-Ltd/1474.aspxhttp://info.shine.com/company/Precision-Pipes-Profiles-Co-Ltd/1464.aspxhttp://info.shine.com/company/Pricol-Ltd/3606.aspxhttp://info.shine.com/company/Punjab-Tractors-Ltd/2086.aspxhttp://info.shine.com/company/Punjab-Tractors-Ltd/2086.aspxhttp://info.shine.com/company/Rane-Madras-Ltd/1975.aspxhttp://info.shine.com/company/Rane-Brake-Linings-Ltd/2636.aspxhttp://info.shine.com/company/Rane-Engine-Valve-Ltd/2553.aspxhttp://info.shine.com/company/Raunaq-Automotive-Components-Ltd/2475.aspxhttp://info.shine.com/company/Remsons-Industries-Ltd/2840.aspxhttp://info.shine.com/company/Rico-Auto-Inds-Ltd/1953.aspxhttp://info.shine.com/company/Samkrg-Pistons-Rings-Ltd/2478.aspxhttp://info.shine.com/company/Scooters-India-Ltd/4204.aspxhttp://info.shine.com/company/Setco-Automotive-Ltd/4203.aspxhttp://info.shine.com/company/Shivam-Autotech-Ltd/1880.aspxhttp://info.shine.com/company/Shivam-Autotech-Ltd/1880.aspxhttp://info.shine.com/company/Setco-Automotive-Ltd/4203.aspxhttp://info.shine.com/company/Scooters-India-Ltd/4204.aspxhttp://info.shine.com/company/Samkrg-Pistons-Rings-Ltd/2478.aspxhttp://info.shine.com/company/Rico-Auto-Inds-Ltd/1953.aspxhttp://info.shine.com/company/Remsons-Industries-Ltd/2840.aspxhttp://info.shine.com/company/Raunaq-Automotive-Components-Ltd/2475.aspxhttp://info.shine.com/company/Rane-Engine-Valve-Ltd/2553.aspxhttp://info.shine.com/company/Rane-Brake-Linings-Ltd/2636.aspxhttp://info.shine.com/company/Rane-Madras-Ltd/1975.aspxhttp://info.shine.com/company/Punjab-Tractors-Ltd/2086.aspxhttp://info.shine.com/company/Pricol-Ltd/3606.aspxhttp://info.shine.com/company/Precision-Pipes-Profiles-Co-Ltd/1464.aspxhttp://info.shine.com/company/Porwal-Auto-Components-Ltd/1474.aspxhttp://info.shine.com/company/PAE-Ltd/1247.aspxhttp://info.shine.com/company/Omax-Autos-Ltd/1954.aspxhttp://info.shine.com/company/Munjal-Showa-Ltd/1957.aspxhttp://info.shine.com/company/Munjal-Auto-Inds-Ltd/1961.aspxhttp://info.shine.com/company/MRF-Limited/845.aspxhttp://info.shine.com/company/Motherson-Sumi-Systems-Ltd/1263.aspxhttp://info.shine.com/company/Modi-Rubber-Ltd/2163.aspx -
8/2/2019 capital strutur of fmcg &automobile sector
38/39
38
Sibar Auto Parts Ltd
SKF India Limited
Sona Koyo Steering Systems Limited
Spectra Industries Ltd
Standard Batteries Ltd.
Steel Strips Wheels Ltd
Subros Ltd
Sundaram Brake Linings Ltd.
Sundaram-Clayton Limited
Sundram Fasteners Ltd
Suprajit Engineering Ltd
Swaraj Mazda Ltd
T
Talbros Automotive Components Ltd
Tata Motors Limited
Triton Valves Ltd
Tube Investments Of India Ltd
Tudor India Ltd
TVS Motor Company Limited
U
Ucal Fuel Systems Ltd
V
VST Tillers Tractors Ltd
VST Tillers Tractors Ltd.
Vybra Automet Ltd
http://info.shine.com/company/Shivam-Autotech-Ltd/1880.aspxhttp://info.shine.com/company/Sibar-Auto-Parts-Ltd/2502.aspxhttp://info.shine.com/company/SKF-India-Limited/805.aspxhttp://info.shine.com/company/Sona-Koyo-Steering-Systems-Limited/807.aspxhttp://info.shine.com/company/Spectra-Industries-Ltd/3784.aspxhttp://info.shine.com/company/Standard-Batteries-Ltd/1830.aspxhttp://info.shine.com/company/Steel-Strips-Wheels-Ltd/3845.aspxhttp://info.shine.com/company/Subros-Ltd/1235.aspxhttp://info.shine.com/company/Sundaram-Brake-Linings-Ltd/1496.aspxhttp://info.shine.com/company/Sundaram-Clayton-Limited/810.aspxhttp://info.shine.com/company/Sundram-Fasteners-Ltd/812.aspxhttp://info.shine.com/company/Suprajit-Engineering-Ltd/2597.aspxhttp://info.shine.com/company/Swaraj-Mazda-Ltd/4208.aspxhttp://info.shine.com/company/Talbros-Automotive-Components-Ltd/4205.aspxhttp://info.shine.com/company/Tata-Motors-Limited/843.aspxhttp://info.shine.com/company/Triton-Valves-Ltd/4270.aspxhttp://info.shine.com/company/Tube-Investments-Of-India-Ltd/4196.aspxhttp://info.shine.com/company/Tudor-India-Ltd/1288.aspxhttp://info.shine.com/company/TVS-Motor-Company-Limited/846.aspxhttp://info.shine.com/company/Ucal-Fuel-Systems-Ltd/2139.aspxhttp://info.shine.com/company/Ucal-Fuel-Systems-Ltd/2139.aspxhttp://info.shine.com/company/VST-Tillers-Tractors-Ltd/2719.aspxhttp://info.shine.com/company/VST-Tillers-Tractors-Ltd/1087.aspxhttp://info.shine.com/company/Vybra-Automet-Ltd/1952.aspxhttp://info.shine.com/company/Vybra-Automet-Ltd/1952.aspxhttp://info.shine.com/company/VST-Tillers-Tractors-Ltd/1087.aspxhttp://info.shine.com/company/VST-Tillers-Tractors-Ltd/2719.aspxhttp://info.shine.com/company/Ucal-Fuel-Systems-Ltd/2139.aspxhttp://info.shine.com/company/TVS-Motor-Company-Limited/846.aspxhttp://info.shine.com/company/Tudor-India-Ltd/1288.aspxhttp://info.shine.com/company/Tube-Investments-Of-India-Ltd/4196.aspxhttp://info.shine.com/company/Triton-Valves-Ltd/4270.aspxhttp://info.shine.com/company/Tata-Motors-Limited/843.aspxhttp://info.shine.com/company/Talbros-Automotive-Components-Ltd/4205.aspxhttp://info.shine.com/company/Swaraj-Mazda-Ltd/4208.aspxhttp://info.shine.com/company/Suprajit-Engineering-Ltd/2597.aspxhttp://info.shine.com/company/Sundram-Fasteners-Ltd/812.aspxhttp://info.shine.com/company/Sundaram-Clayton-Limited/810.aspxhttp://info.shine.com/company/Sundaram-Brake-Linings-Ltd/1496.aspxhttp://info.shine.com/company/Subros-Ltd/1235.aspxhttp://info.shine.com/company/Steel-Strips-Wheels-Ltd/3845.aspxhttp://info.shine.com/company/Standard-Batteries-Ltd/1830.aspxhttp://info.shine.com/company/Spectra-Industries-Ltd/3784.aspxhttp://info.shine.com/company/Sona-Koyo-Steering-Systems-Limited/807.aspxhttp://info.shine.com/company/SKF-India-Limited/805.aspxhttp://info.shine.com/company/Sibar-Auto-Parts-Ltd/2502.aspx -
8/2/2019 capital strutur of fmcg &automobile sector
39/39
W
Wabco-TVS India Ltd
Wheels India Limited
http://info.shine.com/company/Vybra-Automet-Ltd/1952.aspxhttp://info.shine.com/company/Wabco-TVS-India-Ltd/1421.aspxhttp://info.shine.com/company/Wheels-India-Limited/815.aspxhttp://info.shine.com/company/Wheels-India-Limited/815.aspxhttp://info.shine.com/company/Wabco-TVS-India-Ltd/1421.aspx