Top Mahindra & Mahindra Competitors & Similar Companies
Ever since Mahindra’s inception in the automotive industry in India in 1947, Mahindra & Mahindra has provided the consumers with powerful yet stylish vehicles. From introducing the utility vehicle back then Mahindra still has a strong foothold in the industry. Today, Mahindra & Mahindra have captured all the terrains of land, sea and air as their offerings fhave increased into a wide range of products ranging from SUVs, electric vehicles, pickups, commercial vehicles, small aircrafts and boats.
In any business, there are several companies & brands which compete with each other by offering similar products & services.
For any company to thrive, it is not only important for them to improve their own products, but to also look at what their competitor is offering.
Quick Glance:
Below we look at the top 8 competitors of Mahindra & Mahindra.
1. Tata Motors:
Tata Motors is headquartered in Mumbai, India and is an Indian automotive manufacturing company. Its products ranges from trucks, cars, passenger vans, buses military vehicles and construction equipment. Tata Motors was founded in the year 1945 as locomotive manufacturer and in collaboration with Daimler-Benz AG it’s manufactured its first commercial vehicle in 1954.
2. Maruti Suzuki:
Subsidiary of the Japanese automotive manufacturing company Suzuki, Maruti Suzuki was founded in 1981 and is headquartered in New Delhi. Beginning a new chapter in the history of automobiles, Maruti Suzuki India launched the 800, a runaway success which stood for reliability and ease of ownership. Also known as the people’s car manufacturer, it faces stiff competition from other automotive giants such as Hyundai, Ford, Honda, Tata etc.
3. Kia Motors:
Kia Motors is an Asian automobile manufacturer company based in Seoul, South Korea. It originated in 1944 as Kyungsung Precision Industry, a bicycle manufacturing company. It was renamed to Kia Industries in 1952.
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4. Toyota:
In the year 1937, Kiichiro Toyoda founded Toyota in Toyota, Aichi, Japan as a Japanese automotive firm manufacturer. Toyota Motor Corporation products include Automobiles, Luxury Vehicles, Commercial Vehicles and Engines under five brands including the Toyota Brand, Hino, Lexus, Ranz and Daihatsu. Owing to their innovative hybrid and environmental technology, they are the leaders in the automotive industry.
5. Volkswagen:
Founded in 1937 in Wolfsburg, Germany by German Labour Front, Volkswagen is the largest automobile manufacturer in the world. It is the biggest company within the Volkswagen group comprising such brands Audi, Lamborghini, Bentley, Scania, MAN, Skoda and SEAT. Literally translating into ‘People’s car’ Volkswagen was started as a mass market producer of affordable cars in Germany at a time when only 1 out of every 50 Germans could afford a car.
6. Volvo:
The Volvo brand, Latin meaning ‘I roll’ is one of the most recognizable brands across the world and identified with a promise of superior performance and reliability. Volvo, the parent brand of Volvo is a world renowned company headquartered in Sweden with operations spread across Europe, America, Africa, Asia and Australia. It manufactures and sells Volvo trucks, cars, construction equipment, buses etc.
7. Hyundai:
Hyundai motor company is a Korean car manufacturer company. It employs about 75000 people worldwide. It has an annual capacity of 1.6 million units.
8. Honda:
Honda is one of the largest manufacturers of automobiles and motorcycles in the world. It is a Japanese multinational company which operates in North America, Asia and Europe. Honda is also known for the manufacture of aircrafts and power equipment.
To conclude, the above article highlights the various competitors which compete with Mahindra & Mahindra. This understanding helps to evaluate the various external business factors for any company.
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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