Competition

Last Price Market Cap. Sales Net Profit Total Assets

(Rs. cr.) Turnover
Tata Motors 1,106.45 63,134.04 35,593.05 2,240.08 31,591.38
Ashok Leyland 72.75 9,678.21 7,244.71 423.68 5,936.76
Tata Motors (D) 780.90 5,011.48 - - -
Eicher Motors 1,248.00 3,340.59 378.01 37.53 413.30
Swaraj Mazda 307.00 444.28 716.76 21.46 274.37

Ashok Leyland (is a commercial vehicle manufacturing company based in Chennai, India. Founded in
1948, the company is one of India's leading manufacturers of commercial vehicles, such as trucks and
buses, as well as emergency and military vehicles. Operating six plants, Ashok Leyland also makes spare
parts and engines for industrial and marine applications. It sells about 60,000 vehicles and about 7,000
engines annually. It is the second largest commercial vehicle company in India in the medium and heavy
commercial vehicle (M&HCV) segment with a market share of 28% (2007–08). With passenger
transportation options ranging from 19 seaters to 80 seaters, Ashok Leyland is a market leader in the
bus segment.The company claims to carry over 60 million passengers a day, more people than the entire
Indian rail network. In the trucks segment Ashok Leyland primarily concentrates on the 16 ton to 25 ton
range of trucks. However Ashok Leyland has presence in the entire truck range starting from 7.5 tons to
49 tons. The joint venture announced with Nissan Motors of Japan would improve its presence in the
Light Commercial Vehicle (LCV) segment (<7.5 tons).

Eicher Group is a conglomerate of the firms Eicher Goodearth Ltd., Eicher Ltd., Eicher Motors Ltd., Eicher
International Ltd., and ECS Ltd., based in New Delhi, India. As of 1 July 2009 renamed Volvo Eicher
Commercial vehicle Ltd. It is a joint venture with AB Volvo

Established in 1983, Swaraj Mazda Limited, an India based automobile company, is owned by
the Sumitomo Corporation of Japan and Punjab Tractors Limited of India, with a technical
collaboration with Isuzu and Mazda of Japan. Sumitomo upped its stake in the company in 2009
by purchasing all of Punjab Tractors remaining shares, raising their stake to 53.5%Production
began in 1985.

The company manufactures light commercial vehicles like trucks, buses, ambulances, police
personnel carriers, water tankers and special vehicles.

It exports its products to countries like Nepal, Zambia, Bangladesh, Kenya, Tanzania, Ghana,
Ivory Coast, Rwanda, Seychelles, Syria and Jordan.
The company's annual turnover for the year 1997 - 1998 exceeded Rs. 151 crores. It has a dealer
network of about 128 dealers spread throughout India. Swaraj Engines and Punjab Scooters
are its associate companies.

In June 2006, Swaraj Mazda entered a new Technical agreement with Isuzu Motors, Japan.

In 2009, Swaraj Mazda started to roll out Luxury buses and medium-duty trucks powered by
Isuzu Engines from a new plant in Punjab. Plans are to build multi-axle trucks, tractor units and
refrigerated trucks within the next three years. They are currently marketed under the Swaraj
Mazda Isuzu brand

In addition, Swaraj Mazda is moving to offer the Isuzu D-Max pickup.

Former associate company Punjab Tractors manufactured agricultural tractors and combine
harvesters under the Swaraj brand name before selling 64.6% to Mahindra Tractors. In 2009,
Mahindra and Swaraj Mazda settled a dispute over the use of the Swaraj name, allowing Swaraj
Mazda to continue using the name for only two more years