TVS Motor | Tijori Finance

TVS Motor Company Limited

Market Capital

₹ 20,690 Cr.

P/E

30.03

Share Price

₹429.15 -6.15 (-1.41%)

TVS Motor Company Limited
Overview
Connections
Financials
Shareholding
Auto Sector

Market Share
Revenue Mix
Operational Metrics

Competitors
Investors
Suppliers

Price
Benchmarking
Balance Sheet
Profit & Loss
Cash Flows
Ratios
Quarterly Results

Overview
Trend
Detailed

Recent News
Annual Reports

Market Share

15%

Two Wheeler - Market Share

Source

1.9%

Three Wheeler Passenger Vehicles - Market Share

Source

Revenue Mix

Product Break-Up

Source

Domestic Vs Export

Source

Operational Metrics for TVS Motor

-0.21% (as of Mar 19)

Change in PAT with 1% Appreciation in FX Basket

Source

Auto Ancillary

1.53% (as of Mar 19)

R&D as a % of Total Sales

Source

Automobile

234,920 (as of Jan 20)

Total Automobiles Sold

Source

164,136 (as of Jan 20)

Automobiles Sold - Domestic

Source

70,784 (as of Jan 20)

Automobiles Sold - Export

Source

Three Wheeler

1,129 (as of Jan 20)

Three Wheelers Sold - Domestic

Source

Two Wheeler

163,007 (as of Jan 20)

Two Wheelers Sold - Domestic

Source

Compare with Competitors

Competitors

- Automobile

Peer Name	Market Cap.
TVS Motor Company Limited	20,690
Ashok Leyland Limited	22,882
Force Motors Limited	1,567
Atul Auto Limited	517
Hindustan Motors Limited	101
Hero MotoCorp Limited	42,767
Tata Motors Limited	44,636
Mahindra & Mahindra Limited	62,597

Automobile

Ashok Leyland Limited

Market Cap: ₹22,882 Cr.

Percentage Revenue: %

Automobile

Force Motors Limited

Market Cap: ₹1,567 Cr.

Percentage Revenue: 63%

Automobile

Atul Auto Limited

Market Cap: ₹517 Cr.

Percentage Revenue: %

Automobile

Hindustan Motors Limited

Market Cap: ₹101 Cr.

Percentage Revenue: 100%

Automobile

Hero MotoCorp Limited

Market Cap: ₹42,767 Cr.

Percentage Revenue: %

Automobile

Tata Motors Limited

Market Cap: ₹44,636 Cr.

Percentage Revenue: %

Automobile

Mahindra & Mahindra Limited

Market Cap: ₹62,597 Cr.

Percentage Revenue: 21.08%

Automobile

Mahindra & Mahindra Limited

Market Cap: ₹62,597 Cr.

Percentage Revenue: 56.39%

- Two Wheeler

Peer Name	Market Cap.
TVS Motor Company Limited	20,690
Hero MotoCorp Limited	42,767
Eicher Motors	46,920
Mahindra & Mahindra Limited	62,597
Bajaj Auto Limited	85,287

Two Wheeler

Hero MotoCorp Limited

Market Cap: ₹42,767 Cr.

Percentage Revenue: 33.83%

Two Wheeler

Hero MotoCorp Limited

Market Cap: ₹42,767 Cr.

Percentage Revenue: %

Two Wheeler

Eicher Motors

Market Cap: ₹46,920 Cr.

Percentage Revenue: %

Two Wheeler

Eicher Motors

Market Cap: ₹46,920 Cr.

Percentage Revenue: 3.25%

Two Wheeler

Eicher Motors

Market Cap: ₹46,920 Cr.

Percentage Revenue: %

Two Wheeler

Mahindra & Mahindra Limited

Market Cap: ₹62,597 Cr.

Percentage Revenue: 0.25%

Two Wheeler

Bajaj Auto Limited

Market Cap: ₹85,287 Cr.

Percentage Revenue: %

Two Wheeler

Bajaj Auto Limited

Market Cap: ₹85,287 Cr.

Percentage Revenue: 11.31%

Two Wheeler

Bajaj Auto Limited

Market Cap: ₹85,287 Cr.

Percentage Revenue: %

- Three Wheeler

Peer Name	Market Cap.
TVS Motor Company Limited	20,690
Atul Auto Limited	517
Urja Global Limited	77
Mahindra & Mahindra Limited	62,597
Bajaj Auto Limited	85,287

Three Wheeler

Atul Auto Limited

Market Cap: ₹517 Cr.

Percentage Revenue: %

Three Wheeler

Urja Global Limited

Market Cap: ₹77 Cr.

Percentage Revenue: %

Three Wheeler

Mahindra & Mahindra Limited

Market Cap: ₹62,597 Cr.

Percentage Revenue: %

Three Wheeler

Bajaj Auto Limited

Market Cap: ₹85,287 Cr.

Percentage Revenue: %

- Auto Ancillary

Peer Name	Market Cap.
TVS Motor Company Limited	20,690
Balkrishna Industries Limited	22,925
Endurance Technologies Limited	13,726
WABCO India Limited	12,941
Tube Investments Of India Limited	10,198
Minda Industries Limited	9,855
Sundram Fasteners Limited	9,065
Apollo Tyres Limited	8,515
Grindwell Norton Limited	6,593
Varroc Engineering Limited	5,248
Tata Motors - DVR Ordinary	4,277
Sundaram-Clayton Limited	4,069
Raymond Limited	3,684
Elgi Equipments Limited	3,411
Bosch Limited	39,199
Kirloskar Oils Engine Limited	1,920
Sona Koyo Steering Systems Limited	1,881
Swaraj Engines Limited	1,734
Subros Limited	1,631
Force Motors Limited	1,567
Jamna Auto Industries Limited	1,486
Gabriel India Limited	1,406
Lumax Industries Limited	1,368
Steel Strips Wheels Limited	1,247
JBM Auto Limited	1,073
Pricol Limited	863
India Nippon Electricals Limited	725
Shanthi Gears Limited	696
Lumax Auto Technologies	695
Munjal Showa Limited	632
Andrew Yule & Company Limited	624
Fiem Industries Limited	616
Enkei Wheels Limited	595
Dynamatic Technology Limited	558
Rane Brake Lining Limited	504
Rico Auto Industries Limited	483
Rajratan Global Wire Limited	309
Hi-Tech Gears Limited	286
PPAP Automotive Limited	273
Hindustan Composites Limited	253
Scooters India Limited	250
Ucal Fuel Systems Limited	245
Bharat Seats Limited	240
Roto Pumps Limited	211
Pritika Auto Industries Limited	172
Sar Auto Products Limited	168
IP Rings Limited	130
Bharat Gears Limited	114
Majestic Auto Limited	110
Competent Automobiles Company Ltd.	100
Elgi Rubber Company Limited	86
JMT Auto Limited	71
Him Teknoforge Ltd.	59
Jullundur Motor Agency	0
Hero MotoCorp Limited	42,767
Eicher Motors	46,920
Maruti Suzuki India Limited	188,425

Auto Ancillary

Balkrishna Industries Limited

Market Cap: ₹22,925 Cr.

Percentage Revenue: %

Auto Ancillary

Endurance Technologies Limited

Market Cap: ₹13,726 Cr.

Percentage Revenue: %

Auto Ancillary

WABCO India Limited

Market Cap: ₹12,941 Cr.

Percentage Revenue: %

Auto Ancillary

WABCO India Limited

Market Cap: ₹12,941 Cr.

Percentage Revenue: 10.44%

Auto Ancillary

Tube Investments Of India Limited

Market Cap: ₹10,198 Cr.

Percentage Revenue: %

Auto Ancillary

Minda Industries Limited

Market Cap: ₹9,855 Cr.

Percentage Revenue: %

Auto Ancillary

Minda Industries Limited

Market Cap: ₹9,855 Cr.

Percentage Revenue: 7.3%

Auto Ancillary

Minda Industries Limited

Market Cap: ₹9,855 Cr.

Percentage Revenue: 13.4%

Auto Ancillary

Sundram Fasteners Limited

Market Cap: ₹9,065 Cr.

Percentage Revenue: 55%

Auto Ancillary

Apollo Tyres Limited

Market Cap: ₹8,515 Cr.

Percentage Revenue: %

Auto Ancillary

Grindwell Norton Limited

Market Cap: ₹6,593 Cr.

Percentage Revenue: 2%

Auto Ancillary

Grindwell Norton Limited

Market Cap: ₹6,593 Cr.

Percentage Revenue: 24%

Auto Ancillary

Varroc Engineering Limited

Market Cap: ₹5,248 Cr.

Percentage Revenue: %

Auto Ancillary

Tata Motors - DVR Ordinary

Market Cap: ₹4,277 Cr.

Percentage Revenue: %

Auto Ancillary

Sundaram-Clayton Limited

Market Cap: ₹4,069 Cr.

Percentage Revenue: %

Auto Ancillary

Raymond Limited

Market Cap: ₹3,684 Cr.

Percentage Revenue: 3.93%

Auto Ancillary

Elgi Equipments Limited

Market Cap: ₹3,411 Cr.

Percentage Revenue: 10.18%

Auto Ancillary

Bosch Limited

Market Cap: ₹39,199 Cr.

Percentage Revenue: %

Auto Ancillary

Bosch Limited

Market Cap: ₹39,199 Cr.

Percentage Revenue: 84%

Auto Ancillary

Kirloskar Oils Engine Limited

Market Cap: ₹1,920 Cr.

Percentage Revenue: %

Auto Ancillary

Sona Koyo Steering Systems Limited

Market Cap: ₹1,881 Cr.

Percentage Revenue: %

Auto Ancillary

Swaraj Engines Limited

Market Cap: ₹1,734 Cr.

Percentage Revenue: %

Auto Ancillary

Swaraj Engines Limited

Market Cap: ₹1,734 Cr.

Percentage Revenue: 2.26%

Auto Ancillary

Subros Limited

Market Cap: ₹1,631 Cr.

Percentage Revenue: %

Auto Ancillary

Force Motors Limited

Market Cap: ₹1,567 Cr.

Percentage Revenue: 37%

Auto Ancillary

Jamna Auto Industries Limited

Market Cap: ₹1,486 Cr.

Percentage Revenue: %

Auto Ancillary

Gabriel India Limited

Market Cap: ₹1,406 Cr.

Percentage Revenue: %

Auto Ancillary

Lumax Industries Limited

Market Cap: ₹1,368 Cr.

Percentage Revenue: %

Auto Ancillary

Steel Strips Wheels Limited

Market Cap: ₹1,247 Cr.

Percentage Revenue: %

Auto Ancillary

JBM Auto Limited

Market Cap: ₹1,073 Cr.

Percentage Revenue: %

Auto Ancillary

JBM Auto Limited

Market Cap: ₹1,073 Cr.

Percentage Revenue: 94%

Auto Ancillary

Pricol Limited

Market Cap: ₹863 Cr.

Percentage Revenue: %

Auto Ancillary

India Nippon Electricals Limited

Market Cap: ₹725 Cr.

Percentage Revenue: %

Auto Ancillary

Shanthi Gears Limited

Market Cap: ₹696 Cr.

Percentage Revenue: %

Auto Ancillary

Lumax Auto Technologies

Market Cap: ₹695 Cr.

Percentage Revenue: %

Auto Ancillary

Munjal Showa Limited

Market Cap: ₹632 Cr.

Percentage Revenue: %

Auto Ancillary

Andrew Yule & Company Limited

Market Cap: ₹624 Cr.

Percentage Revenue: 1.53%

Auto Ancillary

Fiem Industries Limited

Market Cap: ₹616 Cr.

Percentage Revenue: %

Auto Ancillary

Enkei Wheels Limited

Market Cap: ₹595 Cr.

Percentage Revenue: %

Auto Ancillary

Dynamatic Technology Limited

Market Cap: ₹558 Cr.

Percentage Revenue: %

Auto Ancillary

Rane Brake Lining Limited

Market Cap: ₹504 Cr.

Percentage Revenue: %

Auto Ancillary

Rico Auto Industries Limited

Market Cap: ₹483 Cr.

Percentage Revenue: %

Auto Ancillary

Rajratan Global Wire Limited

Market Cap: ₹309 Cr.

Percentage Revenue: %

Auto Ancillary

Hi-Tech Gears Limited

Market Cap: ₹286 Cr.

Percentage Revenue: %

Auto Ancillary

PPAP Automotive Limited

Market Cap: ₹273 Cr.

Percentage Revenue: %

Auto Ancillary

PPAP Automotive Limited

Market Cap: ₹273 Cr.

Percentage Revenue: 94.56%

Auto Ancillary

Hindustan Composites Limited

Market Cap: ₹253 Cr.

Percentage Revenue: %

Auto Ancillary

Scooters India Limited

Market Cap: ₹250 Cr.

Percentage Revenue: %

Auto Ancillary

Scooters India Limited

Market Cap: ₹250 Cr.

Percentage Revenue: 2.91%

Auto Ancillary

Ucal Fuel Systems Limited

Market Cap: ₹245 Cr.

Percentage Revenue: %

Auto Ancillary

Bharat Seats Limited

Market Cap: ₹240 Cr.

Percentage Revenue: %

Auto Ancillary

Roto Pumps Limited

Market Cap: ₹211 Cr.

Percentage Revenue: 51.22%

Auto Ancillary

Pritika Auto Industries Limited

Market Cap: ₹172 Cr.

Percentage Revenue: %

Auto Ancillary

Pritika Auto Industries Limited

Market Cap: ₹172 Cr.

Percentage Revenue: 100%

Auto Ancillary

Sar Auto Products Limited

Market Cap: ₹168 Cr.

Percentage Revenue: 100%

Auto Ancillary

IP Rings Limited

Market Cap: ₹130 Cr.

Percentage Revenue: %

Auto Ancillary

Bharat Gears Limited

Market Cap: ₹114 Cr.

Percentage Revenue: 6%

Auto Ancillary

Majestic Auto Limited

Market Cap: ₹110 Cr.

Percentage Revenue: 29.59%

Auto Ancillary

Competent Automobiles Company Ltd.

Market Cap: ₹100 Cr.

Percentage Revenue: 88.78%

Auto Ancillary

Elgi Rubber Company Limited

Market Cap: ₹86 Cr.

Percentage Revenue: %

Auto Ancillary

JMT Auto Limited

Market Cap: ₹71 Cr.

Percentage Revenue: %

Auto Ancillary

JMT Auto Limited

Market Cap: ₹71 Cr.

Percentage Revenue: 100%

Auto Ancillary

Him Teknoforge Ltd.

Market Cap: ₹59 Cr.

Percentage Revenue: 51.16%

Auto Ancillary

Jullundur Motor Agency

Market Cap: ₹0 Cr.

Percentage Revenue: %

Auto Ancillary

Jullundur Motor Agency

Market Cap: ₹0 Cr.

Percentage Revenue: 100%

Auto Ancillary

Hero MotoCorp Limited

Market Cap: ₹42,767 Cr.

Percentage Revenue: 8.66%

Auto Ancillary

Eicher Motors

Market Cap: ₹46,920 Cr.

Percentage Revenue: 6.2%

Auto Ancillary

Maruti Suzuki India Limited

Market Cap: ₹188,425 Cr.

Percentage Revenue: 9.61%

Investors

57.4%

Sundaram-Clayton Limited(1)

Also invests in	Share %
TVS Motor Company Limited	57.4
Suprajit Engineering Limited	4.2

6.6%

Icici Prudential Balanced Advantage Fund(7)

Also invests in	Share %
The Great Eastern Shipping Company Limited	8.7
TVS Motor Company Limited	6.6
Tata Chemicals Limited	3.4
Thomas Cook (India) Limited	2.9
The Indian Hotels Company Limited	2.4
Tech Mahindra Limited	1.7
SpiceJet Ltd	1.4
Housing Development Finance Corporation Limited	1.1

Jwalamukhi Investment Holdings(7)

Also invests in	Share %
Greenply Industries Limited	9.7
V-Mart Retail Limited	8.4
Ceat Limited	7.3
TVS Motor Company Limited	5
IFB Industries Limited	2.9
La Opala RG Limited	2.2
Greenlam Industries Limited	1.5
Hatsun Agro Product Limited	1.2

4.7%

Cartica Capital(4)

Also invests in	Share %
Page Industries Limited	5.1
TVS Motor Company Limited	4.7
Cholamandalam Investment and Finance Company Limited	4
RBL Bank Limited	3.6
Info Edge (India) Limited	1.2

3.7%

Reliance Capital Trustee Co(5)

Also invests in	Share %
TVS Motor Company Limited	3.7
Tata Steel Limited	3.6
IDFC Limited	1.5
Larsen & Toubro Limited	1.5
Tata Global Beverages Limited	1.4
Menon Bearings Limited	1.2

1.4%

Tree Line Asia Master Fund (Singapore) Pte(4)

Also invests in	Share %
Just Dial Limited	5.3
Astral Poly Technik Limited	2.2
Westlife Development Limited	2.1
Jindal Steel & Power Limited	1.6
TVS Motor Company Limited	1.4

Suppliers

Tata Steel Limited (15)

Also Supplies to
Daimler
Ashok Leyland Limited
Wheels India Limited
Tata Motors Limited
Steel Strips Wheels Limited
Volvo Eicher
Automotive Axles Limited
Ford
Maruti Suzuki India Limited
Bajaj Auto Limited
Hero MotoCorp Limited
TVS Motor Company Limited
Mahindra & Mahindra Limited
Honda
Hyundai
Toyota

Kansai Nerolac Paints Limited (10)

Also Supplies to
Ashok Leyland Limited
Volvo
Mercedes-Benz
Suzuki
Hero MotoCorp Limited
Volkswagen
Eicher Motors
Yamaha
Bajaj Auto Limited
TVS Motor Company Limited
Honda

Exide Industries Limited (18)

Also Supplies to
BHEL Limited
Finolex Industries Limited
NTPC Limited
Larsen & Toubro Limited
Tata Steel Limited
Bajaj Auto Limited
TVS Motor Company Limited
Maruti Suzuki India Limited
Eicher Motors
Ashok Leyland Limited
Tata Motors Limited
Mahindra & Mahindra Limited
Toyota
Renault
General Motors
Fiat
Honda
Hyundai
Nissan

Tube Investments Of India Limited (29)

Also Supplies to
Honda
TVS Motor Company Limited
Yamaha
Hero MotoCorp Limited
Bajaj Auto Limited
Ashok Leyland Limited
Godrej Industries Limited
Hyundai
Renault
Eicher Motors
Piaggio
Tata Motors Limited
General Motors
BEHR
Autoliv
Brose
Lear
Force Motors Limited
Nissan
Suzuki
Maruti Suzuki India Limited
IWIS
Atlas Copco
Knorr-Bremse
BHEL Limited
Lakshmi Machine Works Limited
Areva
Valeo
Bosch Limited
Mahindra & Mahindra Limited

Minda Industries Limited (40)

Also Supplies to
Autoliv
Bosch Limited
Atlas Copco
Hitachi
SML ISUZU LIMITED
Kubota Agricultural Machinery
Caterpillar
Caterpillar
Komatsu
PSA
Aprilia
Polaris
Kawasaki
Sona Group Limited
Swaraj Tractors
JCB India
Escorts Limited
Tafe
Volvo Eicher
General Motors
Fiat Chrysler
Ashok Leyland Limited
Renault Nissan
Ford
Daimler
Tata Motors Limited
Hyundai
Volkswagen
Toyota
Maruti Suzuki India Limited
KTM
Suzuki
Mahindra & Mahindra Limited
Yamaha
Piaggio
BMW
Hero MotoCorp Limited
Eicher Motors
Honda
TVS Motor Company Limited
Bajaj Auto Limited

Sundram Fasteners Limited

Mahindra CIE Automotive Limited (29)

Also Supplies to
Eicher Motors
The Phoenix Mills Limited
Larsen & Toubro Limited
Varroc Engineering Limited
John Deere
JCB India
Hyundai
Honeywell Automation India Limited
BMW
Dana Incorporated
Faurecia
Fiat
General Motors
Volkswagen
Bosch Limited
Scania
ZF
Volvo
MAN
Daimler
Nexteer
GKN Aerospace
Mahindra & Mahindra Limited
Maruti Suzuki India Limited
Tata Motors Limited
Hero MotoCorp Limited
Bajaj Auto Limited
Honda
TVS Motor Company Limited
Ford

Varroc Engineering Limited (6)

Also Supplies to
TVS Motor Company Limited
Volvo
Renault Nissan
Volkswagen
Honda
Eicher Motors
Bajaj Auto Limited

Sundaram-Clayton Limited (12)

Also Supplies to
TVS Motor Company Limited
Honda
BMW
ZF
WABCO India Limited
Bharat Benz
Mercedes-Benz
UD Trucks
Mack Trucks
Renault
Volvo
Cummins India Limited
Hyundai

TCI Express Limited (26)

Also Supplies to
Infibeam Avenues Limited
Oyo
Homeshop 18
Shopclues
Flipkart
Arvind Limited
ITC Limited
Page Industries Limited
ABB India Limited
Larsen & Toubro Limited
Panasonic
Havells India Limited
Zydus Wellness
Abbott India Limited
Allergan
Intas Pharmaceuticals Limited
Cipla Limited
Micro Labs Limited
Dr. Reddy's Laboratories Limited
TVS Motor Company Limited
Ford
Force Motors Limited
Eicher Motors
Toyota
Maruti Suzuki India Limited
Tata Motors Limited
Hero MotoCorp Limited

Elgi Equipments Limited (39)

Also Supplies to
Monnet Ispat and Energy Limited
ITC Limited
Marico Limited
Cadbury
Action Construction Equipment Limited
Astral Poly Technik Limited
Mirza International Limited
Jain Irrigation Systems Limited
Sintex Industries Limited
ABB India Limited
Bosch Limited
Hindustan Aeronautics Limited
Indian Oil Corporation Limited
Monnet Ispat And Energy Limited
JSW Steel Limited
Jindal Steel & Power Limited
Larsen & Toubro Limited
BHEL Limited
Adani Enterprises Limited
Steel Authority of India Limited
Hindustan Unilever Limited
Hatsun Agro Product Limited
NTPC Limited
TVS Motor Company Limited
Renault
Arvind Limited
Tata Motors Limited
Dr. Reddy's Laboratories Limited
IPCA Laboratories Limited
Dalmia Bharat Limited
ACC Limited
Orient Cement Limited
Lafarge Cement
Ramco Cement Limited
Cummins India Limited
Hero MotoCorp Limited
JCB India
Maruti Suzuki India Limited
Honda
Hyundai

Greaves Cotton Limited (4)

Also Supplies to
Atul Limited
TVS Motor Company Limited
Tata Motors Limited
Piaggio
Mahindra & Mahindra Limited

Suprajit Engineering Limited (34)

Also Supplies to
New Holland
JCB India
Whirlpool Of India
KTM
Eicher Motors
Piaggio
Yamaha
Honda
Hero MotoCorp Limited
Bajaj Auto Limited
TVS Motor Company Limited
Valeo
BEHR
Magna
Ashok Leyland Limited
Minda Industries Limited
Brose
Lear
Tata Motors Limited
Bosch Limited
Lumax Industries Limited
SML ISUZU LIMITED
Skoda
Ford
Suzuki
Mahindra & Mahindra Limited
Hyundai
Toyota
Maruti Suzuki India Limited
Toyo Seat
General Motors
Nissan
Renault
Volkswagen
BMW

Minda Corporation Limited (23)

Also Supplies to
Subros Limited
Johnson Controls-Hitachi Air Conditioning India Limited
BorgWarner
Volkswagen
Tata Motors Limited
Skoda
Renault Nissan
Maruti Suzuki India Limited
General Motors
Ford
Force Motors Limited
BMW
Audi
Volvo Eicher
Ashok Leyland Limited
Harley Davidson
TVS Motor Company Limited
Triumph
Suzuki
Eicher Motors
Mahindra & Mahindra Limited
Honda
Hero MotoCorp Limited
Bajaj Auto Limited

ISGEC Heavy Engineering Ltd (17)

Also Supplies to
TVS Motor Company Limited
Maruti Suzuki India Limited
Honda
Bharat Forge Limited
Ford
Chennai Petroleum Corporation Limited
Indian Oil Corporation Limited
Hindustan Petroleum Corporation Limited
Gujarat State Fertilizers & Chemicals Limited
Gas Authority Of India Limited
Bharat Petroleum Corporation Limited
Reliance Industries Limited
Qatar Petroleum
Samsung
Samsung
Exxon Mobil
British Petroleum
Shell

Mahindra Lifespace Developers Limited (20)

Also Supplies to
Gravita India Limited
BASF India Limited
BMW
Fujitec
Capgemini
Infosys Limited
Timken India Limited
WABCO India Limited
TVS Motor Company Limited
Ucal Fuel Systems Limited
Genpact
EXL Service Limited
Mastek Limited
Nagarro
Wipro Limited
Renault Nissan
Deutsche Bank
Force Motors Limited
Mahindra & Mahindra Limited
JCB India
TTK Prestige Limited

Sandhar Technologies Limited (15)

Also Supplies to
Mahindra & Mahindra Limited
Ashok Leyland Limited
Tata Motors Limited
Honda
SML Isuzu Limited
TVS Motor Company Limited
Suzuki
Hero Motocorp Limited
Eicher Motors
JCB India
Atlas Copco
Hitachi
Komatsu
Caterpillar
Autoliv
Bosch Limited

Gabriel India Limited (22)

Also Supplies to
Wheels India Limited
Volvo Eicher
MAN
SML ISUZU LIMITED
Indian Railways
Force Motors Limited
Daimler
Ashok Leyland Limited
Volkswagen
Toyota
Tata Motors Limited
Renault
General Motors
Suzuki
Eicher Motors
Piaggio
Bajaj Auto Limited
Atul Auto Limited
Mahindra & Mahindra Limited
Yamaha
Honda
Maruti Suzuki India Limited
TVS Motor Company Limited

Lumax Industries Limited (23)

Also Supplies to
Audi
Sona Group Limited
Tafe
CNH Industrial
Escorts Limited
John Deere
Volvo
Daimler
Ashok Leyland Limited
Force Motors Limited
SML ISUZU LIMITED
Fiat
Hyundai
Tata Motors Limited
Renault
Toyota
Maruti Suzuki India Limited
Suzuki
TVS Motor Company Limited
Piaggio
Mahindra & Mahindra Limited
Yamaha
Hero MotoCorp Limited
Honda

TVS Srichakra Limited (8)

Also Supplies to
TVS Motor Company Limited
Piaggio
Honda Motorcycle and Scooter India (HMSI)
Hero MotoCorp Limited
Bajaj Auto Limited
Atul Auto Limited
Mahindra & Mahindra Limited
LML Limited
Yamaha

Savita Oil Technologies Limited (13)

Also Supplies to
ABB India Limited
BHEL Limited
Honda
Hero MotoCorp Limited
Dabur India Limited
Hindustan Unilever Limited
Johnson & Johnson
Alstom
NTPC Limited
Crompton Greaves Limited
Maruti Suzuki India Limited
TVS Motor Company Limited
Toyota
Mahindra & Mahindra Limited

Rane Holdings Limited (26)

Also Supplies to
ZF
Volvo Eicher
Volkswagen
TVS Motor Company Limited
Toyota
Tata Motors Limited
Tafe
Polaris
Renault Nissan
Nexteer
Maruti Suzuki India Limited
Mahindra & Mahindra Limited
Kia Motors
John Deere
Hyundai
Honda
Hero MotoCorp Limited
Ford
Fiat
Escorts Limited
Endurance Technologies Limited
Deutz
Daimler
Cummins India Limited
Bharat Benz
BMW
Ashok Leyland Limited

Hydro S&S Industries Limited (6)

Also Supplies to
Honeywell Automation India Limited
Cummins India Limited
Johnson Controls-Hitachi Air Conditioning India Limited
Exide Industries Limited
Tata Motors Limited
TVS Motor Company Limited
Varroc Engineering Limited

Pricol Limited (7)

Also Supplies to
Volkswagen
Tata Motors Limited
KTM
Hero MotoCorp Limited
Bajaj Auto Limited
TVS Motor Company Limited
JCB India
General Motors

LG Balakrishnan & Bros Limited (6)

Also Supplies to
Johnson Controls-Hitachi Air Conditioning India Limited
Daimler
Honda Motorcycle and Scooter India (HMSI)
Yamaha
TVS Motor Company Limited
Bajaj Auto Limited
Eicher Motors

Bhansali Engineering Polymers Limited (13)

Also Supplies to
TVS Motor Company Limited
Mahindra & Mahindra Limited
Hero MotoCorp Limited
Bajaj Auto Limited
Videocon Industries Limited
Samsung
LG
Godrej Industries Limited
Whirlpool of India Limited
Anchor Electricals
Legrand India
Lakshmi Machine Works Limited
Havells India Limited
Larsen & Toubro Limited

India Nippon Electricals Limited (4)

Also Supplies to
Hero MotoCorp Limited
TVS Motor Company Limited
Honda
Piaggio
Mahindra & Mahindra Limited

Banco Products Limited (22)

Also Supplies to
Volvo Eicher
VST Industries Limited
TVS Motor Company Limited
Tata Motors Limited
SML ISUZU LIMITED
Sterling
Tafe
Swaraj Tractors
Mahindra & Mahindra Limited
Mitsubishi
Kirloskar Oils Engine Limited
John Deere
JCB India
Indian Railways
Ingersoll Rand (India) Limited
Godrej Industries
Force Motors Limited
Eicher Motors
Escorts Limited
Cummins India Limited
BEML Limited
AMW Limited
Ashok Leyland Limited

Fiem Industries Limited (23)

Also Supplies to
Hero MotoCorp Limited
Mahindra & Mahindra Limited
Kawasaki
Piaggio
Harley Davidson
Eicher Motors
Suzuki
Yamaha
TVS Motor Company Limited
Honda
TVS Motor Company Limited
Honda
Hero MotoCorp Limited
Mahindra & Mahindra Limited
Kawasaki
Piaggio
Harley Davidson
Eicher Motors
Suzuki
Yamaha
TVS Motor Company Limited
Honda
TVS Motor Company Limited
Honda

Wendt (India) Limited (25)

Also Supplies to
Varroc Engineering Limited
Usha Martin Limited
TVS Motor Company Limited
Toyota
Titan Company Limited
Timex Group India Limited
Tata Motors Limited
Swaraj Engines Limited
Sona Koyo Steering Systems Limited
SKF India Limited
Sansera Engineering
Saint-Gobain Sekurit India Limited
Eicher Motors
NRB Bearing Limited
Maruti Suzuki India Limited
Mahindra & Mahindra Limited
Lakshmi Machine Works Limited
Hyundai
Honda
Hero MotoCorp Limited
Hindustan Aeronautics Limited
Federal-Mogul Goetze (India) Limited
Ashok Leyland Limited
BHEL Limited
Bharat Forge Limited
Bosch Limited

Beekay Steel Industries Limited (5)

Also Supplies to
Jindal Steel & Power Limited
TVS Motor Company Limited
Ashok Leyland Limited
Steel Authority of India Limited
Tata Steel Limited
Simplex Infrastructures Limited

Rane Brake Lining Limited (20)

Also Supplies to
Hyundai
Mando
Endurance Technologies Limited
Yamaha
Volvo
Volkswagen
TVS Motor Company Limited
Toyota
Tata Motors Limited
Suzuki
Eicher Motors
Renault
Nissan
Maruti Suzuki India Limited
Mahindra & Mahindra Limited
KTM
SML ISUZU LIMITED
Honda
Bharat Benz
Bajaj Auto Limited
Ashok Leyland Limited

Pricol Ltd. (12)

Also Supplies to
BMW
Honda
Hero MotoCorp Limited
Mahindra & Mahindra Limited
Eicher Motors
Suzuki
TVS Motor Company Limited
Yamaha
General Motors
Maruti Suzuki India Limited
Renault Nissan
Toyota
Tata Motors Limited

Pennar Industries Limited (20)

Also Supplies to
Hetero Pharmaceuticals
Oil & Natural Gas Corporation Limited
MRF Limited
JSW Steel Limited
ABB India Limited
Dr. Reddy's Laboratories Limited
Godrej Industries
Videocon Industries Limited
Whirlpool Of India
ACC Limited
BHEL Limited
NCC Limited
Reliance Capital Limited
Simplex Infrastructures Limited
Larsen & Toubro Infotech
Toyota
Maruti Suzuki India Limited
Ford
Eicher Motors
Hero MotoCorp Limited
TVS Motor Company Limited

Vardhaman Special Steels Limited (11)

Also Supplies to
Mahindra & Mahindra Limited
Volvo
Ashok Leyland Limited
Honda
TVS Motor Company Limited
Bajaj Auto Limited
Ford
Nissan
Renault
Maruti Suzuki India Limited
Hyundai
Toyota

Rane Engine Valve Limited (20)

Also Supplies to
Yamaha
Volvo
Volkswagen
TVS Motor Company Limited
Tata Motors Limited
Skoda
Renault Nissan
Maruti Suzuki India Limited
Mahindra & Mahindra Limited
Kia Motors
John Deere
Hyundai
Honda
Hero MotoCorp Limited
Hatz-Diesel
Force Motors Limited
Deutz
Daimler
Cummins India Limited
BMW
Ashok Leyland Limited

Chembond Chemicals Limited (22)