You may have heard over and over again that we should focus more on the manufacturing sector if we really want to see India’s GDP grow in the coming years or so, right? Well, that’s an accurate statement because manufacturing really has a lot of potential, and we can very well replace China in terms of being one of the biggest manufacturers of things/anything in the world and literally make our way to becoming a superpower. Just so you know, in the pre-pandemic period, India’s manufacturing made up about 16% to 17% of India’s total GDP, and now in 2024, the manufacturing sector is for sure one of the fastest growing ones. So, with this list of the top 10 biggest manufacturing companies in India in 2024, let’s see which are the biggest contributors, shall we?

1. Reliance Industries Limited

Well, Reliance Industries tops our list, not because it’s a matter of luck or anything like that, but because it is honestly a giant corporation that has literally been in various fields, such as petrochemicals, energy, textiles, and telecommunications since the year 1966. Just so you know, in 2024, investors valued Reliance at a staggering $242 billion, which in turn reflects how much this company has contributed to the Indian economy. And sure, the company is distinguished not only by its size, but also by constant research and practice of technology, innovative solutions, and environmentalism, mainly in the unique localization of its petrochemicals and energy.

2. Tata Motors Limited

Now, Tata Motors has to be one of the most favorite companies of the general public in India, because that’s what the overall image of this company is in the country right now. Mainly because they have been keeping up the good work ever since 1945. Be it in the case of passenger cars, trucks, or even electric vehicles, Tata Motors has literally created a revolution in the industry. In 2024, the particular strength of any electric-powered vehicle through this company is surely going to cement the brand as the leader of the industry. Their experience in the markets of the world, which has occurred in 125 countries, is also a factor in the continued dominance of Tata Motors in the industry.

3. Maruti Suzuki India Limited

Maruti Suzuki, having a market share of over 40 percent of India’s entire car industry, is undoubtedly the king when it comes to designing and producing passenger vehicles. With its price that has been the most reasonable ever since its control of the Indian market started in the year 1981, its energy-efficient cars have developed quite a fanbase among the masses, you know? Here we are in 2024; they have got everything: From ultra-compact cars to big SUVs, every Indian family will definitely be the one to be a brand loyalist of Maruti’s of course.

4. Bajaj Auto Limited

We wouldn’t be wrong if we said that Bajaj Auto is a company that has earned its place as a recognized brand in the motorcycle industry right here in India. And just so you know, established in 1945, Bajaj became the world’s third-biggest motorcycle manufacturer as well as the number-one auto-rickshaw brand. Indians love its products, but they are also sold abroad in Africa, Latin America, and Southeast Asia.

5. Mahindra & Mahindra Limited

Mahindra & Mahindra, famed for its tractors and utility vehicles, has been serving India since 1945. You know, its stature as the world’s largest tractor producer by volume demonstrates its substantial role in combating India’s agriculture issue, which sounds like quite a mouthful, but it is a 100% true. Because of its big role in the agriculture equipment sector of the country, we couldn’t just skip past this company without listing it in this list of the biggest manufacturing companies in India right now.

6. Sun Pharmaceutical Industries Limited

Sun Pharma has made a name for itself in the Indian market since 1983, you know, achieving the title of the largest pharmaceutical company in the country, while also providing its services in more than 100 countries. This very international pharmaceutical company targets a higher treatment area in specialty generics namely cardiology, oncology, and neurology, just so you know. And it is not just India that dominates, they’re kinda a global player in this entire pharma scene.

7. Hindalco Industries Limited

Next on the list is Hindalco Industries, which is one of the largest producers of aluminum in Asia, and was founded in 1958, which is the turning point for them. Between the automotive and aerospace sectors, the arrival of Hindalco played a key role. Right now though, the company is a member of the Aditya Birla Group and is one of the top manufacturers of aluminum in the world in terms of recycling.

8. Bharat Petroleum Corporation Limited (BPCL)

Then there is Bharat Petroleum, established in 1952, sure is a key player in India’s energy industry. With a refining capacity above 35 million metric tonnes annually, BPCL is a necessary supplier of petroleum products like diesel, petrol, and LPG in every corner of the Indian land, you know?

9. Hindustan Petroleum Corporation Limited (HPCL)

With the introduction of HPCL in 1974, it has grown from a small company to a big name as a key player in the oil refining and marketing business in the country. And sure, in India, people who depend on petrol are thus very satisfied. After competition in the market became stiff in the year 2024, HPCL could still maintain a ranking among India’s industry leaders, thanks to its wide reach and distribution efficiency, and that’s one of the best bits about this company.

10. Indian Oil Corporation Limited (IOCL)

Indian Oil Corporation is India’s largest oil refiner as well as the biggest oil marketer with a refining capacity of 130 million metric tonnes annually, which is the highest in India. The agricultural and transportation industry is dependent on the products of the Indian Oil Corporation, making it an integral part of India’s energy system, you know?

Conclusion

There you have it. These are by far the biggest manufacturers of various things in India right now. And let’s say if you wanted to invest in the future of India, you sure have about 10 options right in front of you.