Business Tycoons of Indian Car & Bike Industry
Indian automobile industry is currently one of the fastest growing industries. It proved its mettle over the years and has established a name for itself by supplying the world top-class products. All this has been the result of relentless hard work of various eminent personalities working behind the curtains. In this article, we will take a look at these Business Tycoons of Indian Car & Bike Industry.
1. Kenichi Ayukawa, MD and CEO, Maruti Suzuki
Kanichi Ayukawa took the reins of Maruti Suzuki during the tumultuous time of 2013 when the company’s market share was hit by Manesar plant’s labour agitation. From there on, he never looked back and kept Maruti scaling new heights under his leadership. Maruti Suzuki is the pioneer of Indian personal transport industry, the most famous brand in the Indian automobile industry. It has reached this status because of its local feel and affordability by the middle-class and upper middle-class consumers. The various leading models of the company include – Alto, DZire, Baleno, Swift and WagonR. Overall, Maruti Suzuki has always enjoyed the top position in the Indian market.
2. Anand Mahindra, CEO, Mahindra & Mahindra
Anand Mahindra is no stranger to the Indian auto industry. He currently leads the Mahindra Group, a Mumbai-based business conglomerate. With a net worth of over $1 billlion, Mr. Mahindra is among India’s richest businessmen. Because of his wise and strong leadership his group now ranks among the top players of the Indian automobile industry. Mahindra & Mahindra has been instrumental in producing utility vehicles for the masses. Of late, the company has also ventured into producing Electric Vehicles (EVs) in India. Mahindra’s most famous vehicles are – Mahindra Nuvo Sports, KUV100 NXT, Mahindra BOLERO, Scorpio, THAR, TUV 300.
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3. Ratan Naval Tata, Former Chairman, Tata Sons
Ratan Tata needs no introduction being the former chairman of Tata Group, a Mumbai-based global business conglomerate. He is the man behind India’s cheapest car, Tata Nano. Mr. Tata is also known abroad for taking over Jaguar and turning it into a profitable venture once again. Without a doubt he is the most famous Indian businessman of his generation. It is because of his visionary policies that Tata Motors has reached heights in the Indian industry. Tata Indica, Tata Manza, Tata Safari and Tata Nano are some of the leading vehicles produced by Tata Motors.
4. Pawan Munjal, CMD, Hero Motor Corp
Pawan Munjal is the CMD of Hero Motor Corp, formerly Hero Honda came into existence in 1984. Currently, it is not only the largest two-wheeler manufacturer in India, but also in the World with close to 8 crore two-wheelers being sold by the brand since its inception. A mechanical engineer by profession, Pawan Munjal is ranked as the 49th powerful Indian in 2017 by India Today. Under his leadership, Hero has reached never seen before heights and becoming the first two-wheeler producing company to register over 6 lakh units sold in a single month in October, 2013. Hero’s leading two-wheelers are – Maestro, Pleasure, Splendor, Super Splendor, Glamour and Passion Pro.
5. KN Radhakrishnan, President, TVS Motors
KN Radhakrishnan has been the President of TVS Motor Company since 2006. Initially catering to moped and scooter customers, under the careful leadership and strategic planning of Mr. Radhakrishnan, TVS Motor Company has now achieved the position of being the third largest two-wheeler producer in India. He has been instrumental in transforming TVS from being a local player to a global one. As a result, the company now exports its products to more than 60 countries across the globe. TVS Motors’ major offering include – TVS Scooty Pep, Jupiter, Victor and Star City.
6. Rajiv Bajaj, MD
Rajiv Bajaj is a name that any Pulsar lover can’t hardly forget. Yes, Mr. Bajaj is the man behind the most successful bike of modern India, Bajaj Pulsar. It was his ability and quick decision-making that brought Bajaj Auto back from the dead. The company saw a massive turnaround under Rajiv Bajaj’s guidance and has now established itself as a market shareholder of about 30%. At present, Bajaj Auto Corp. manufactures an array of bikes including Bajaj Pulsar, Dominar, Avenger and Platina.
7. Siddhartha Lal, CEO, Royal Enfield
An automotive engineer from University of Leeds, Siddharth Lal’s name is associated with the turnaround in the fortunes of Royal Enfield. Known for its thundering sound like a bullet, Royal Enfield’s Bullet is among the most popular bikes that a bike lover dreams of owning in India. It was Siddhartha’s cost-cutting measures and product upgrades that revived the legendary Indian motorcycle brand in early 2000s. Currently, the company is producing bikes like Bullet 350, Thunderbird, and Crusader.
8. B.M. Birla, Founder, Hindustan Motors
No discussion on Indian automobile industry can be complete without Hindustan Motors. Yes, before Maruti became a household name in Indian market it was Hindustan Motors which enjoyed a complete monopoly in Indian automobile market under government patronage. Mr. B.M. Birla, a visionary entrepreneur of his time founded this company in 1942. It was Mr. Birla’s handwork and dream of establishing a leading automobile company that fueled Hindustan Motors early success in post-Independence India. The company is the manufacturer of the legendary Ambassador car that is among the longest produced cars of the world. It was in production from 1957 till 2014, before its production was ceased by the parent company. However, the company still manufactures a few commercial vehicles.
9. Pallonji Mistry, Chairman, Shapoorji Pallonji Group
The 90-year-old Mistry and his family are major shareholders in Tata Sons. One of the world’s largest conglomerate, Tata Sons is the holding company behind 100+ affiliates. It employees more than 7 lakh people in 100 countries. Although he is not directly into the car or bike industry, his stakes in Tata Sons lends him birth in this list. Aside from Tata Sons, Mistry’s revenue is largely contributed from the Shapoorji Pallonji Group, established in 1865. After marrying an Irish woman, he took Irish citizenship.
So this concludes our list of Top Tycoons of the Indian Car and Bike Industry, stay tuned for more such articles on CarBikeIndia.com.
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