The automotive and component industry in India is one of the largest contributors to the country’s GDP, manufacturing sector and also job creator. Despite being one of the youngest countries globally, India is also the world’s third largest automotive market, and is expected to become the second largest in the coming years.
It comes as no surprise that the automotive industry leaders found their way in the 360 One and Hurun India Rich List 2023. The latest report found that the automobile and auto components industry added 16 new entrants and had a total tally of 73.
The total wealth from the industry segment has also increased by 24% in the past one-year driven by strong exports and a revival in domestic demand.
Leading the pack within this sector was Gopichand Hinduja of Hinduja Group (Ashok Leyland) with Rs 176,500 crore, followed by Niraj Bajaj of Bajaj Auto with a wealth of Rs 1,20,700 crore, marking a 7% increase in one year.
Vikram Lal of Eicher Motors had a wealth of Rs 54,500 crore, while Anand Mahindra of Mahindra Group had a wealth of Rs 40,500 crore.
The combined net worth of the 8 automotive leaders in the list was Rs 497,300 crore. Another interesting data point was that of these in the list, majority of the billionaires were based in Mumbai (3), while London, Pune, New Delhi, Melbourne and Aurangabad had one each.
| Rank | Name | Wealth (in Rs crore) | Change | Company | Residence |
| 5 | Gopichand Hinduja & Family | 176,500 | 7% | Hinduja Group | London |
| 10 | Niraj Bajaj & Family | 120,700 | 7% | Bajaj Auto | Pune |
| 26 | Vikram Lal & Family | 54,500 | 0% | Eicher Motors | New Delhi |
| 35 | Anand Mahindra & Family | 40,500 | 16% | Mahindra & Mahindra | Mumbai |
| 57 | Vivek Chaand Sehgal & Family | 30,700 | 17% | Samvardhana Motherson International | Melbourne |
| 67 | Arvindkumar Poddar & Family | 27,500 | 13% | Balkrishna Industries | Mumbai |
| 80 | Rajan Raheja & Family | 24,300 | 40% | Exide Industries | Mumbai |
| 84 | Anurang Jain & Family | 22,600 | 9% | Endurance Technologies | Aurangabad |
