Top automotive industries in Gujarat

Let’s talk about Gujarat, a bustling economic center in western India that hosts many businesses and industries. One standout player in this vibrant scene is the automotive sector. Even more interesting is its significant influence on the local real estate market. In this discussion, we will unravel how these automotive companies have a significant say in shaping Gujarat’s real estate dynamics.

See also: Top companies of Gujarat

 

Business landscape in Gujarat

Gujarat’s business scene is incredibly diverse and lively, featuring a mix of industries that drive its economic engine. From manufacturing and petrochemicals to textiles and pharmaceuticals, there are a lot of companies here. This dynamic mix of industries contributes to Gujarat’s vast economic vitality. 

Read also: Top chemical industries in Gujarat

 

Top 10 automotive industries in Gujarat

 

Tata Motors

Industry: Automotive

Sub Industry: Automobile Manufacturing

Company Type: Public Limited

Location: Sanand, Gujarat

Founded in: 1945

Tata Motors is a prominent player in the automotive sector and operates an expansive manufacturing facility in Sanand known for producing a wide array of vehicles. These range from passenger cars to commercial vehicles and have significantly contributed to Gujarat’s automotive prowess.

 

Ford India

Industry: Automotive

Sub Industry: Automobile Manufacturing

Company Type: Subsidiary

Location: Sanand, Gujarat

Founded in: 1995

Ford India was established in 1995 and operates a cutting-edge plant in Sanand, Gujarat. This facility focuses on crafting compact and subcompact cars, adding to Gujarat’s role in the automotive supply chain. The company is known for its commitment to quality products.

 

Hero Honda

Industry: Automotive

Sub Industry: Two-Wheeler Manufacturing

Company Type: Subsidiary

Location: Vithalapur, Gujarat

Founded in: 1999

Honda’s cutting-edge facility in Vithalapur manufactures a diverse range of two-wheelers and showcases Gujarat’s significance in the Indian automotive sector. This brand has become a household name in India now. 

 

Maruti Suzuki India 

Industry: Automotive

Sub Industry: Automobile Manufacturing

Company Type: Public Limited

Location: Hansalpur, Gujarat

Founded in: 1981

Maruti Suzuki’s manufacturing plant in Hansalpur is a cornerstone of passenger car production and has been bolstering Gujarat’s role in fulfilling the nation’s mobility needs. Maruti Suzuki has been famous for a long time and is trusted by many families worldwide.

 

General Motors India

Industry: Automotive

Sub Industry: Automobile Manufacturing

Company Type: Subsidiary

Location: Halol, Gujarat

Founded in: 1995

General Motors India’s Halol plant specialises in manufacturing passenger vehicles, further enhancing Gujarat’s automotive manufacturing capabilities. General Motors is known for its commitment to quality and customer satisfaction. It stands as an undefeated name in the industry. 

 

Ashok Leyland

Industry: Automotive

Sub Industry: Commercial Vehicle Manufacturing

Company Type: Public Limited

Location: Bhuj, Gujarat

Founded in: 1948

Ashok Leyland’s Bhuj facility is pivotal in producing commercial vehicles vital for Gujarat’s transportation sector. It is a famous brand especially for trucks in India. The brand promises quality products to those who buy from them, allowing a longer vehicle life. 

 

Mahindra & Mahindra 

Industry: Automotive

Sub Industry: Automobile Manufacturing and Research & Development

Company Type: Public Limited

Location: Ahmedabad, Gujarat

Founded in: 1945

Mahindra & Mahindra’s presence in Gujarat encompasses both automotive manufacturing and research and development and contributes to the state’s technological advancement in the automotive field. It has been focused on taking care of the customer’s needs and keeping them as a priority. 

 

Hero MotoCorp 

Industry: Automotive

Sub Industry: Motorcycle Manufacturing

Company Type: Public Limited

Location: Halol, Gujarat

Founded in: 1984

Hero MotoCorp’s Halol facility specialises in manufacturing motorcycles, helping further solidify Gujarat’s role in two-wheeler production. It is the best-known brand for bikes worldwide and a household name in India. This brand is also amongst the most trusted ones when talking about motorcycles. 

 

Piaggio Vehicles 

Industry: Automotive

Sub Industry: Two-Wheeler Manufacturing

Company Type: Private Limited

Location: Baramati, Gujarat

Founded in: 1946

Piaggio’s Gujarat plant is integral to producing innovative two-wheelers and bolstering the state’s automotive portfolio. It has been committed to providing quality along with customer satisfaction and service. The customer-centric approach makes it a trusted brand.

 

Motherson Sumi Systems 

Industry: Automotive

Sub Industry: Automotive Wiring Harnesses and Mirrors Manufacturing

Company Type: Public Limited

Location: Ahmedabad, Gujarat

Founded in: 1986

Motherson Sumi Systems specialises in manufacturing critical automotive components like wiring harnesses and mirrors, which helps showcase Gujarat’s role in the automotive supply chain. This brand is committed to helping in the economy and has been committed to the customer needs 

 

Commercial real estate demand in Gujarat for automotive industries

 

Office Space: The burgeoning automotive industry’s expansion has led to a notable surge in demand for office spaces near manufacturing hubs mainly serving administrative and managerial purposes.

 

Rental Property: Rental properties are in high demand as more people are joining the automotive workforce, making it essential to have comfortable housing for employees and their families.

 

Impact: This increased demand for rental properties had a noticeable effect on the local real estate scene. Property values are on the rise, and rental rates are climbing steadily. It has been changing how we look at real estate in Gujarat, along with a clear impact from the automotive industry’s presence.

 

Impact of automotive industries in Gujarat

The automotive industry in Gujarat has left a mark on the state’s economy. It is not just about cars but also about transforming the economic horizon. With more jobs, thriving businesses, and a buzz of activity, it has breathed new life into the region. The surge in demand for homes and office spaces is changing how we see real estate around here. Simply put, it is a game-changer, significantly boosting Gujarat’s economy.

 

FAQs

How has the automotive industry impacted Gujarat's economy?

The automotive sector has significantly bolstered Gujarat's economy by generating employment opportunities and fostering business growth.

Why do automotive companies prefer Gujarat as their location?

Gujarat's appeal lies in its favorable policies, robust infrastructure, and skilled labour force, making it an ideal destination for automotive manufacturing.

What types of real estate are in demand due to the automotive industry's presence?

The surge in demand is primarily seen in office spaces near manufacturing hubs and rental properties to accommodate the growing workforce.

Have property prices risen due to the automotive industry's influence?

Property values and rental rates have experienced upward trends in areas surrounding automotive manufacturing units.

How does the automotive sector benefit Gujarat's real estate market?

The sector generates a consistent demand for real estate, thereby driving growth in the property market.

Are there dedicated residential developments for automotive professionals in Gujarat?

Yes, there are housing complexes and projects designed to cater to the housing needs of employees working in automotive companies.

Do automotive companies in Gujarat collaborate with local real estate developers?

Some automotive companies collaborate with real estate developers as part of their corporate social responsibility to support housing and infrastructure development.

Is there a need for more skilled labour in the automotive industry in Gujarat?

While Gujarat possesses a skilled labour force, there remains a continuous need for specialised skills within the automotive sector.

Are there any upcoming automotive projects anticipated in Gujarat?

Gujarat continues to attract automotive investments, with several companies planning expansions and new projects in the pipeline.

How can real estate investors capitalise on the growth of the automotive industry in Gujarat?

Investors can explore opportunities by investing in properties near automotive hubs, capitalising on the rising property values and rental income potential.

Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at [email protected]