We were once called a ‘Third World Country’. With the rapid pace at which we have grown, India is now the place to be. All the world’s top brands are flocking here to set up shops. We have clothing brands like Zara and H&M already opening retail stores. We recently saw Ikea set up a shop in Hyderabad.
These three are just a few of the top companies to name. When you look at the two-wheeler market, you will see the Indian best bike companies on the road. Ducati Triumph, Harley Davidson, BMW are all available in India. Buying any bike, including a superbike in India is no longer a distant dream.
Buying a bike in India has become relatively easy with readily available two-wheeler loans. If this line has caught your attention and wants to avail a two-wheeler loan, you can apply online on our Tata Capital website.
Also, check your eligibility first before you choose to apply for the two-wheeler loan as well. The process is simple and easy, and with a simple click, you can get a two-wheeler loan.
Coming back to our point, while many top bike brands are coming to India, Indian brands are also now spreading their wings and have joined the race to become global leaders
A few numbers before you read ahead: Did you know that the Indian two-wheeler industry produced 17.59 million two-wheelers in 2017. Leading the two-wheeler production revolution are Hero MotoCorp, Honda Motorcycle and Scooter India (HMSI), TVS Motor Company (TVS), Bajaj Auto, and Yamaha Motor India (Yamaha), Suzuki Motorcycle India (Suzuki), and Royal Enfield.
These companies have also carved out a place for themselves in the pantheon of two-wheeler manufacturers throughout the world. Don’t believe us? Read on to know the various Indian bike company list below:
Hero MotoCorp is a phenomenal made in India bike company that has been the largest two-wheeler manufacturer worldwide since 2001, and no other manufacturer anywhere in the world has been able to challenge that position since then.
This company is truly a legend in India. It achieved a significant milestone in FY 2017-18 when it sold over 7.5 million two-wheelers. The company has made inroads into world markets by selling two-wheelers in 37 countries across Africa, Asia, and South & Central America. Its two-wheeler exports crossed the 2 million mark in 2017-18, clocking double-digit growth year on year.
Hero MotoCorp is global in every sense, as it employs professionals from different countries, including France, Japan, Austria, Germany, Colombia, and Bangladesh. It also has seven manufacturing units, of which Colombia and Bangladesh host one each. Its product range comprises motorcycles, scooters, and electric two-wheelers.
Honda Motorcycle and Scooter India (HMSI)
HMSI made its debut in India in 1984 in partnership with Hero MotoCorp. It went solo in 2010 after exiting the collaboration with Hero MotoCorp. It emerged as the second largest manufacturer of two-wheelers in India. Its two-wheeler sales in 2017-18 touched 5.8 million, out of which 66% comprised scooters. Its sales of 3.8 million scooters included Honda Activa, India’s most sold scooter.
HMSI exports its two-wheelers to 28 markets which include countries from Asia-Oceania, Europe, the Middle East, and Latin America. It is the largest made in India bike company exporting scooters from India, with its Honda Dio scooter taking the pride of place. HMSI offers a whole range of two-wheelers, including the super bikes from its Honda stable. Though the brand originates from Japan, its Indian operations have carved a unique niche in the world market.
TVS Motor Company (TVS)
TVS is the third largest two-wheeler manufacturer in India, having a capacity to produce 4 million two-wheelers. TVS manufactures motorcycles, scooters, and mopeds. It produces two-wheelers from three manufacturing units in India and one unit in Indonesia.
The customer base of TVS is over 33 million satisfied two-wheeler owners. TVS is India’s second largest two-wheeler exporter. The company’s most popular models include TVS NTORQ, TVS Jupiter, TVS Wego, Scooty Zest, and Scooty Pep, among scooters. Among motorcycles, TVS Sport, TVS Star City, TVS Apache, and TVS Radeon are the most popular models. The company also produces the most popular moped model – TVS XL100.
Bajaj Auto Ltd. (BAL)
Bajaj Auto has a deep sense of history, having commenced operations in 1926. Their scooter became so popular among the customers that bookings were pouring in. Many people had to wait as long as 12 years for its delivery. Debuting the Indian market by selling scooters proved to be a wise choice. Because Chetak gained immense popularity and became the most sold scooter. Since then, BAL has focused entirely on motorcycles post-2009 and became the world’s third-largest motorcycle manufacturer.
Its motorcycle range includes the Dominar, Pulsar, Avenger, Discover, V, Platina, Boxer, and CT models. BAL is India’s largest exporter of motorcycles, clocking sales of 1.4 million in 2017-18. BAL is present in 70 countries across Southeast Asia, the Middle East, Africa, and Latin America.
These four companies have made a mark in the world with their dedication to quality, technology, customer satisfaction, performance, and innovation. Their exploits in the two-wheeler space have ensured that India has become both the largest producer and consumer of two-wheelers worldwide. In exports, India is second only to China.
Additionally, the two-wheeler loan market in India has contributed to the growth of the two-wheeler industry in India. Lenders, including Tata Capital, offer easy-to-avail two-wheeler loan options to eager two-wheeler customers. If you are aspiring to own a two-wheeler, you can choose the most appropriate two-wheeler loan depending on your ability to repay. Make sure you check all your repayment options here before you avail of the two-wheeler loan.
India Yamaha Motors (IYM)
Yamaha entered the Indian market after a join-venture in the year 1985. However, it became a 100% Yamaha Motor Co. Ltd, Japan (YMC) subsidiary. Later, in 2008, Mitsui & Co. Ltd. and YMC entered into an agreement to be joint investors in the company – India Yamaha Motor Private Limited (IYM), making it anIndian best bike company.
IYM’s prime manufacturing units are Surajpur (Uttar Pradesh) and Faridabad (Haryana). Both the manufacturing units support the production of motorcycles and their parts for the domestic and international markets.
The country-wide network of India Yamaha Motors is over 1200 customer touchpoints and 500 dealers with a strong workforce of 2300 employees. The current market share of IYM is 3.7% in the Indian two-wheeler market, and it aspires to achieve a market share of around 9% by 2025. The total investment Yamaha has made since 2015 is ₹1,600 crores, and it plans to continue doing so.
Suzuki Motorcycle India Pvt. Ltd. (SMIPL)
Suzuki Motorcycle India Pvt. Ltd., which isIndia’s number one bike company, is a subsidiary of the Japanese company Suzuki Motor Corporation. The manufacturing plant is instituted in Gurgaon (Haryana). Around 7,50,000 two-wheelers are maintained at Gurgaon annually.
The Gurgaon manufacturing facility is spread across 37 acres of land, out of which 10 acres were used to build another plant recently. The remainder of the land is untouched for a future expansion project.
The total market share of Suzuki Motorcycle India Pvt. Ltd. is 3.2%. Its authorized share capital is INR 1,850.00 crores, and the total paid-up capital is INR 1,781.55 crores. With over 3000 employees, the operational revenue of Suzuki Motorcycle was above 500 crores in the previous financial year.
Indian origin bike companies like TVS Motor Company and Hero MotoCorp have innovation, fuel, pricing, and adaptability in the Indian market and roads. Although there was a dip in sales during the pandemic, the above-listed two-wheeler companies regained their positions as the top bike brands of 2022. They have prioritized strong distribution and customer satisfaction within India and globally to make their mark in the automobile industry.