Indian Auto Companies Secure Top Rankings in Brand Finance’s Brand Valuation - News

India, whose economy, and business growth have resisted global uncertainties, is an attractive investment location. Vehicle and component makers make up 8 percent of India’s exports and 7.1 percent of its GDP. In CY2022, automakers sold almost 20 million automobiles (2,07,52,305) and grew 12 percent year-on-year. In H1 FY2023, component supplier industry turnover rose 35 percent to INR 2.65 lakh crore (US$ 33.8 billion) and exports 8.6 percent to US$ 10.1 billion. India Auto Inc’s brands are strengthened by their performance across segments.
Indian Auto, Oil, and Tyre companies in leading brand valuation consultancy, Brand Finance’s Top 100 Ranking include, Tata Group: Rank 1, Mahindra Group: 7 (↑2), Bajaj Auto Group: 13 (↑1), Indian Oil: 14 (↓2), Bharat Petroleum: 17, ONGC 18 (↑4), Maruti Suzuki India: 19(↑1), Hindustan Petroleum: 21(↑2), Hero MotoCorp: 28 (↓9), TVS Motor Co: 40(↑3), Ashok Leyland: 43 (↓3), Royal Enfield: 46 (↑8), MRF: 55 (↑6), Apollo Tyres: 57, Motherson Sumi: 60(↑8), JK Tyre: 84(↑14), and Ceat: 88 (New). These names are included in the current Brand Finance India 100, 2023 report, which was announced on June 7 and ranks the world’s most valuable and strongest Indian brands across sectors after assessing over 250 Indian brands.