capital strutur of fmcg &automobile sector

8/2/2019 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://en.wikipedia.org/wiki/Automobilehttp://en.wikipedia.org/wiki/Asiahttp://en.wikipedia.org/wiki/Automotive_industry


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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&section=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&section=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:


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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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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28

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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29

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


30/39

30

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


31/39

31

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


32/39

32

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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33

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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34

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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35

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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36

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


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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


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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


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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

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capital strutur of fmcg &automobile sector