By FMTeam When the talk is about German companies, well, one thing is pretty sure, these companies know how to capture market share in other nations, which is a good thing for them as well as the nation where they are taking their business to. The same case is with India, there are actually a lot of German companies working at full pace, providing excellent products, services, and jobs as well. And today, we are here to talk about just that because this post is all about the top 10 leading German companies in India as of 2024. One thing is clear, it is for sure going to be an interesting list, so, let’s get on with it. Here we go.
1. Deutsche Bank in India
A German bank well established in India, how does that sound to you? Well, yes, we are talking about the financial giant Deutsche Bank which has been in India for a long time now. In a recent move, the bank increased its investment, private, and corporate banking presence in India by investing INR 27 billion, you know? And without a doubt, those of you who are well-versed in the financial sector are aware that the Unified Payments Interface (UPI) and similar projects are transforming the banking industry by making it more accessible and user-friendly for all, and Deutsche Bank is not very far behind in utilizing and offering these to their customers.
2. SAP Labs India Pvt Ltd
Next on the list, we have none other than SAP Labs India, yes the very genius behind 40% of SAP’s R&D worldwide, you know? Their new Bengaluru site is merely the beginning, by 2025, they expect to have added 15,000 jobs, that’s for sure. All in all, if you’re a techie who thrives on innovation and appreciates an inclusive work environment, you’ll love SAP Labs. Not to mention their Code Unnati initiative, which promotes computer literacy and IT training all around India.
3. Siemens Limited
We know, you might be like: Siemens Limited? Is that also a German company? Well, it sure is. Without a doubt, Siemens Limited is foundational to India’s industrial development and does more than simply generate and transmit electricity. As a result of a strong order backlog and ongoing investments in infrastructure, this company’s revenue increased by 19% in Q2 of FY 2024, did you know that already?. In accordance with India’s solar aspirations, Siemens is promoting renewable energy in Vadodara, Gujarat.
4. Bosch Global Software Technologies
Bosch Global Software Technologies which once was known as Robert Bosch Engineering and Business Solutions is also another big German name that is quite relevant in the Indian market right now, but for what exactly? Well, in the simplest words possible, they are at the forefront of advancements in artificial intelligence, machine learning, cybersecurity, and blockchain, and they are based in Bangalore, the biggest software development facility for Bosch outside of Germany. Their most recent step forward is to encourage innovative breakthroughs is the “Hacker’s Garage” in Bangalore, you know?
5. Mercedes-Benz India
Now, we are pretty sure that you already have heard of Mercedes and you already know it is a German company, right? So, who wants a ride in style? A record 17,408 vehicles were sold by Mercedes-Benz India in 2023, taking the company to new heights. They want to achieve 25% EV sales within four years, and they’re getting there with a range that includes twelve new models in 2024, three of which are electric vehicles. And yes, with a very recent ₹200 crore investment in the Chakan factory, it really goes to show that Mercedes-Benz is actually for local manufacturing in India.
6. VW Sales India Pvt Ltd.
Volkswagen Group Sales India, under Skoda Auto Volkswagen India Private Limited (SAVWIPL), saw an 8% increase in 2023, selling 145,713 units. How’s that for an introduction to another German car company? And yes, their strategic partnership with Mahindra & Mahindra for EV breakthroughs shows forethought, like really. On top of that,m Volkswagen is investing billions in electric SUVs to go zero-emission.
7. DHL Express India
DHL always felt like an Indian company, didn’t it? Well, for those who don’t know, DHL Express represents reliability and efficiency in the fast-paced logistics business and yes it is a German company. Talking about something very recent, well, by 2026, Deutsche Post DHL Group will invest EUR 500 million to quadruple their warehousing capacity and personnel. And for sure, their Green fuel and EV fleet conversion by 2025 puts them at the forefront of sustainable logistics.
8. Metro Cash and Carry India Pvt Ltd.
Metro Cash and Carry India has provided B2B wholesale to kiranas, hotels, restaurants, and small businesses since 2003 right here in India. The acquisition by Reliance Retail Ventures Limited for ₹2,850 crore in 2022 significantly improved their supply chain capabilities. For sure, Metro’s multi-specialist strategy ensures that every consumer, from luxury hotels to kirana shops, finds what they need. All in all, they promote startups and regional brands to expand their markets.
9. BASF India
Part of the BASF SE is BASF India, a 130-year-old chemical company, that sold Rs. 137,674.8 million in the fiscal year ended March 2024. Did you know that? And yes, their Mumbai Innovation Campus and Mangalore Coatings Technical Center drive indigenous innovation. BASF meets expanding automotive OEM demand, notably for EVs, with a new Mangalore e-coat manufacturing plant.
10. Allianz
Last on the list, you see, with the inauguration of its IFSC Insurance Office (IIO) Reinsurance Branch in GIFT City, Ahmedabad, Allianz is taking risks in India, BIG ones actually. Allianz, the first foreign reinsurer in GIFT City, will transform Indian reinsurance, that’s for sure. And yes, it is very well possible that Allianz can leverage India’s 6.4% economic growth between 2023 and 2027. Recently though, they invested nearly $3.5 billion in the past three years, demonstrating that they are in it for the long term.
Conclusion
There you have it. Now, chances are you have heard of literally all of these German companies, and it could be that you didn’t know how big of a market share these companies have in India, right? We don’t know what you’ll be doing with this information, but we hope that this list and the facts mentioned today about these German companies were useful to you in some way.