In 2016-17, Tata Motors invested Rs 21 billion in R&D despite reporting a loss of Rs 26 billion.
Similarly, M&M invested Rs 20.75 billion on R&D, which was 40.02 per cent of its gross profit that stood at Rs 51.8 billion.
Country's largest carmaker MSI's R&D spend stood at Rs 6.40 billion in 2016-17, amounting to 6.44 per cent of the gross profit which stood at Rs 99.4 billion during the period under review.
Although the company has set up a centre at Rohtak in Haryana to scale up R&D activities in India, it is still heavily reliant on parent Suzuki Motor.
Likewise, Honda Cars India invested Rs 5.49 billion in 2016-17 although it incurred a loss of Rs 989 million.
Commercial vehicles major Asohk Leyland put in an amount of Rs 3.89 billion on R&D, 23.39 per cent of its gross profit of Rs 16.65 billion in 2016-17.
VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, invested Rs 2.68 billion, while Force Motors spent Rs 1.13 billion on R&D activities in 2016-17.
The leading 25 manufacturers invested a total of Rs 63.44 billion on R&D, which was 35.04 per cent of total gross profit of Rs 181 billion made by the companies in 2016-17.
In the two-wheeler segment, Hero MotoCorp led the R&D investment in 2016-17 with Rs 7.01 billion followed by Bajaj Auto which put in Rs 3.67 billion.
Chennai-based TVS Motor Company invested Rs 2.44 billion followed by Royal Enfield at Rs 1.28 billion.
The leading 15 two-wheeler companies put in a total of Rs 14.79 billion for R&D during the year under review.
Leading three engine makers - Cummins India, Greaves Cotton and Simpson & Co - put in a total of Rs 864 million for research and development in 2016-17.
Across three segments, the country saw a total investment of Rs 79.09 billion in 2016-17, according to the SIAM and CMIE data.
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