Relationship between India and Japan has strong after sign ties between India’s Prime Minister Narendra Modi and from Japan side Shinzo Abe. As India is looking for investment in infrastructure, energy and manufacturing areas, in all these areas Japanese firms are expert. For Japanese consumer companies as their domestic market is shrinking for them India is big opportunity to expand.
India is the second most populated country with fastest growing economy because of which many foreign investors are benefited like Japanese firms Suzuki and Honda with the help of Indian firms they dominate their markets. After Narendra Modi elected as prime minister the difficulty in doing business in India due to various rules and regulations has been removed. Now, after implementing investment friendly policies will ease the path of foreign investment in India.
Therefore, Japan abundance of capital and India’s need will be good experience for all industries for example Japanese firm is playing a major role in infrastructure project in India like Delhi- Mumbai Industrial Corridor for US $90 bn. The top ten Japanese companies that are leading Indian markets in 2020 are listed below:
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In 1930’s Hitachi started its business in India. It has offices spread over 25 places with more than 10,000 employees in India. Hitachi India Pvt. Ltd. (HIL) sales and provide wide range of services like Digital solutions and services, Infrastructure systems, Information and telecommunication systems, Industrial systems like water, Oil and gas supply and management to transportation and urban developmnt systems. Because of good product quality and good life this company holds tenth position in Indian market.
Mitsubishi was founded in year 1870. It is a Japanese multinational company with range of businesses. In India it has many subsidiaries and joint ventures like Mitsubishi electric India, Mitsubishi Motors, and Mitsubishi Heavy Industries pvt. Ltd. Mitsubishi Electric is located at several parts of India and manufactures products like Air conditioning, Energy systems, transport systems, automotive equipment, Building systems, Factory automation system. Mitsubishi Motors manufactures cars like SUV model -Pajero sports whose price is around 27, 45,000 INR.
In India it operates through its subsidiary name Toshiba India Pvt.Ltd based in Delhi. It was incorporated in India in 2001. It manufactures hardware, computer peripherals, home appliances etc. Toshiba transmission and distribution systems in India are planning to bring cutting edge T&D products to the power sector for India. They are helping in Make in India and Export from India campaign.
Canon India Pvt. Ltd is 100% subsidiary of Canon Singapore Pvt. Ltd. It came in India for its operation in 1997. It has 14 offices spread over India in different states with around 1000 employees. This company is world leader in digital imaging. It offers range of products around 200 in number like digital cameras, digital SLR’s, inkjet and laser printers, fax machines, lens, digital copiers, scanners, projectors, cable ID printers, card printers, dye sub photo printers and semiconductors etc. once this company is awarded as the title of Strong Commitment To Excel. In 2016 it has revenue of 2348.6 crores. Canon India has 141 authorized centres with 195 camera collection points.
Example: Canon top model in 2017 is Canon EOS -1D X mark II DSLR camera with 20.2 megapixel its available in market at the price of 4,13,314 INR.
Toyota follows the philosophy of continuous improvement so that good quality products can be achieved. Toyota is globally largest automobile manufacturer. Over 1 million Indians are the part of Toyota family. Toyota came in India in 1997 through its subsidiary Toyota Kirloskar Motor Pvt. Ltd. They are manufacturing different segments of cars like SUV, MUV, Sedan and Hatchback. Example: New Etios Liva V grade petrol engine is available at price range of 6, 01,826 INR.
In 2008 Mitsui & Co., Ltd. In an agreement with Yamaha Motor Co., Ltd. become a joint investor in India Yamaha Motor Private Limited. It has three plants for manufacturing two wheeler and parts of the domestic as well as for overseas market situated in Surajpur, Faridabad and Kanchipuram. In India it has over 2,200 customer touch points and 500 dealers. It manufactures products based on sports like YZF-R15 version 2.0 (149 cc), YZF-R15S (149 cc), blue core technology enabled model s and imported models. Example: Ray –Z regal red Scooter price is 50, 336 INR.
Panasonic India Pvt. Ltd. was established on 14th July 2006. There are group of companies like: – Panasonic Appliances it manufacture and sales of kitchen appliances and domestic appliances. Panasonic AVC India: – It manufactures and sells CRT TV’s and LCD’s. Panasonic energy India manufactures and sales dry cell batteries. Panasonic carbon India sales carbon rods. Anchor electrical is the one of the largest domestic electrical manufacturer like circuit breakers, wires and cables etc. Firepro systems Pvt.Ltd. provide integrated solutions for fire protection, Fire alarm and detection and building management systems. It is located at 14 locations across India.
Honda Motorcycle and Scooter India Company Pvt. Ltd. established in 1999 as 100 % subsidiary of Honda Company Motor Ltd. Japan. It is the world’s largest manufacturer of two wheeler. It manufactures and sales motorcycle and scooter in India like CB shine, CB trigger, Activa, duo etc are some of the products. Similarly Honda cars India limited is another subsidiary in India some of its product are Honda city, Brio, Amaze etc.
Sony is in the second rank in the top 10 list of Japanese companies. It is into wide ranges of consumer products like Mobile, televisions, digital cameras, projector accessories, Audio etc. It is famous for providing cutting edge technology and features to consumer. Example: Sony introduces new alpha 6500 camera of range 1, 19,990 INR.
Suzuki is the leading player in India. It works through its subsidiary Maruti Suzuki India Limited. It is the largest player of manufacturing petrol and diesel cars offering good services. It offers 15 brands with 150 variants like Alto, Wagon R, Swift, Ertiga, Omni, Gypsy etc. Suzuki Motorcycle India Pvt. Ltd. Is a subsidiary of Suzuki Motor Corporation, Japan. It manufactures two wheeler according to Indian customers. Their main products are motorcycle and scooters like Access 125, Hayate, Swish 125 etc.
Indian government recognise that foreign investment played a big role in transformation of economy therefore they promote Japanese companies in Indian market. India is ranked as No.1 destination for more than 1000 manufacturing companies in Japan. Government of India has made special team for management called Japan plus for Japan investors.