By FMTeam Probably one nation that has no problem at all setting up shops and businesses right here in India and capturing significant market share in different segments of the Indian market, is Japan. Right? Well, there are specific reasons behind that, you see, Japanese companies are known to offer so many jobs, the best salary, and work environment, and for the customers, they sure offer top-notch products. That’s just the reason behind so much love for Japanese companies in India. If you always wanted to know which are the top-of-the-list companies all the way from Japan that have gained quite a lot of popularity, then keep on reading this post. Here we are about to share the list of the top 10 leading Japanese companies in India as of 2024. Alright, let’s get going.
1. Suzuki Motor Corporation
Did you know that by March 2024, Maruti Suzuki, a big part of Suzuki Motor Corporation, have sold more than 30 million cars in India? There are more people in that than in some countries! Suzuki makes a lot of cars, like the popular Swift and Brezza, but they care more about making reliable cars that are also affordable, you know? And sure, they also have big plans. By 2030, they want to make 4 million cars a year, including six new electric types. Suzuki isn’t just making cars, though. They’re also getting into biogas, which is the use of waste as fuel for CNG vehicles.
2. Sony Corporation
Do you remember when Sony only made Walkmans and CRT TVs? Now it’s 2024, and Sony is the leader in India’s high-end goods market, that’s what we are pretty certain about. With huge TVs and great sound systems, they’re hitting the high notes with a 31.8% rise in profits and a 23.1% rise in sales. Sony is taking over Indian homes and hearts with their latest PlayStations and top-of-the-line cams. Even though they’ve had some problems, like a failed merger with Zee, they’re betting big on the future with new goods and more AV options.
3. Honda Motor Co., Ltd.
They make more than just cars and bikes; they also want you to have experiences on the road. It’s clear that models like the City and Activa are doing well for them, as their sales went up by 20.83% in FY24. And that’s not all, Honda wants to get into the electric vehicle (EV) business and has plans for a whole fleet of EVs. A new R&D center for cutting-edge products has even been set up in Bengaluru, you know?
4. Toyota Motor Corporation
It’s been an exciting ride for Toyota in India. In fact, June 2024 was their best sales month ever. How did they do it though? By making SUVs and MPVs like the Innova Crysta and Fortuner, which Indians love, that are strong and durable. And yes, this very year, sales of Toyota’s hybrid models have gone up by 47%, showing that they are also popular with buyers who care about the environment. From their actions, it is pretty certain that they are not just here for the wealthy people in cities; they are also here for everyone else.
5. Panasonic Corporation
Panasonic is all about giving your home and, soon, your car power. Get it? They are adding more air conditioners and home products because they want to grow by more than 10%. The really cool thing is that they work together with Indian Oil to make lithium-ion batteries, which are great for the growing market for electric vehicles right here in the country. They also want to double India’s exports and make the country an export giant.
6. Yamaha Motor Co., Ltd.
It’s likely a Yamaha if you hear the roar of a stylish motorbike nearby, and yes, it is also a Japanese company. For its fast bikes like the MT-15, Yamaha has made a name for itself in India’s two-wheeler market. Their promotion called “Call of the Blue” has been a big hit, especially with young riders who are really into it, you know? If you like the thrill of a motorcycle or the ease of a scooter, Yamaha has a two-wheeler that will suit your needs. All in all, their bikes are both stylish and work well.
7. Canon Inc
Canon is great at capturing moments. India wants more high-quality pictures, and Canon’s sales have grown by more than 10% thanks to its great cameras and printers right here in India. Their Canon NorthStar platform is a big deal for professionals because it gives them cutting-edge tools for both shooting and filmmaking. For sure, the film and OTT industries are growing quickly, and Canon is there to record every moment.
8. Mitsubishi Electric Corporation
Mitsubishi Electric isn’t like other technology companies; they’re changing the way how factories conduct their operations and do work, especially the manufacturing part. When they build a new plant in Maharashtra to work on workplace automation systems, they use cutting-edge digital and robotic technology, that’s pretty sure. And yes, their very recent e-F@ctory idea isn’t just about making things go faster, it’s also about making them smarter and better for the environment.
9. Hitachi Ltd
Hitachi is a big name when it comes to building the infrastructure that supports India. They play a big role in India’s energy shift, from making power transformers to smart grids, you know. Their very recent spending of $4.5 billion shows how much they care about a sustainable future. Hitachi’s Lumada technology is a mix of IT and operational tech that makes managing infrastructure faster and safer, you know?
10. Toshiba Corporation
Toshiba is a big deal in India’s power field as well as the electronics industry, that’s for sure. Toshiba is very important to meeting India’s growing energy needs because they have put a lot of money into making more transformers right here in India. And we don’t even need to talk about how good their AC units are. Also, the work they do in battery energy storage systems is very important for a steady power source.
Conclusion
That’s all. Sure, there are dozens more Japanese companies in India that deserve to be talked about, but in our research, these ten are by far the biggest and leading ones that made it to this list. So, that’s that.