Most Swedish companies started entering India in the first half of the 21st century. However, some had established their presence in the country even during the British rule. Currently, more than 280 Swedish companies are operating in India. As per a Business Climate Survey conducted in the year 2023, 86% of Swedish companies in India found the country’s business ecosystem supportive and encouraging. India is Sweden’s third-largest trading partner in Asia after China and Japan. Most Swedish companies are focusing on making India as a major export hub. Major industries in which Swedish companies are active in India include defence, engineering products, automotive, fashion and lifestyle, healthcare, IT and services. Main hubs for Swedish companies in India are Delhi-NCR, Maharashtra and Karnataka. Let’s have a look at the top 10 Swedish companies in India for the year 2025.
1. Volvo Group
Volvo Group, founded in the year 1927, is a Swedish multinational manufacturing corporation specialising in trucks, buses, construction equipment, and marine and industrial drive systems. The company operates in India through its subsidiary, Volvo Group India Private Limited, established in the year 1998. Volvo India is a popular brand in India in the truck market for mining, over-dimensional cargo and other applications. More than 6000 Volvo buses of multiple kinds, including multi-axle coaches and low-floor city bus, ply the Indian roads. The company also provides construction equipment and engines for various applications to the Indian consumers.
Volvo India operates manufacturing plants at Hosakote and Peenya. Hosakote plant assembles buses and trucks, while the Peenya plant manufactures equipment for construction and other sectors.
2. Ericsson
Ericsson, established in the year 1876, is a Swedish multinational networking and telecommunications company which develops and sells multiple kinds of information and communications technologies, including 3G/4G/5G equipment, internet protocol and optical transport systems. The company first set up its office at Kolkata in India in the year 1903 when it received a order to manufacture manual switchboards for the British Indian government. Ericsson supplied half of the 40 GSM networks in India in the early 1990s.
Ericsson currently provides a number of products and services in India, including 5G network equipment, communication platforms, wireless WAN, artificial intelligence, automation and network cybersecurity. It operates a state-of-the-art manufacturing facility in Pune, Maharashtra.
3. Atlas Copco
Atlas Copco, founded in the year 1873, is a Swedish multinational company engaged in the manufacturing of multiple kinds of industrial tools and equipment. The company is operating in India since the year 1960 through its subsidiary, Atlas Copco India. Atlas Copco India offers a broad range of products, including air compressors, vacuum pumps, pneumatic tools, assembly systems and industrial tools.
Atlas Copco India owns two state-of-the-art manufacturing facilities, located at Pune and Chakan. The company also has a global competency centre for compressors at Pune.
4. IKEA
IKEA, established in the year 1943, is a Swedish multinational designer and manufacturer of ready-to-assemble furniture, homeware and other household products. The company entered India in the year 2018 by opening its first store in the country at Hyderabad. IKEA sells a diverse range of products in India, such as tables, chairs, sofas, armchairs, beds, mattresses, home décor items, lighting products, office furniture, kitchenware and more.
IKEA has dedicated stores in Mumbai, Navi Mumbai, Hyderabad and Bangalore. Delivery services are also provided across Andhra Pradesh, Telangana, Maharashtra and Karnataka.
5. Scania AB
Scania AB, established in the year 1911, is a Swedish multinational manufacturer of commercial vehicles like heavy lorries, trucks and buses alongside diesel engines for transportation, marine and industrial applications. The company has been operating in India since the year 2007. Its portfolio of products for the Indian market include heavy trucks for construction, mining and urban applications, and power generation systems.
Scania operates a bus manufacturing plant at Narsapura. It has a production capacity of 1000 units per year.
6. SKF
SKF, founded in the year 1907, is a Swedish multinational manufacturer of bearings, lubrication, seals, power transmission products, mechatronic products and more. The company entered India in the year 1923 and operates through its subsidiary, SKF India Limited. SKF India provides automotive and industrial engineered solutions, including bearing, seals, lubrication, condition monitoring and maintenance.
SKF India has a network of 12 offices and 6 manufacturing facilities in India. Moreover, its supplier network comprises of over 450 distributors.
7. ABB
ABB, established in the year 1988, is a Swedish multinational corporation specialising in electrical equipment, automation and robotics. The company entered India in the year 1949 with the establishment of its subsidiary, ABB India Limited. ABB India is engaged in multiple fields, such as electrification solutions like EV infrastructure, automation solutions like motors, generators and drives, process automation and robotics.
8. Tetra Pak
Tetra Pak, founded in the year 1951, is a Swedish multinational food packaging company which is particularly known for its aseptic food packaging products that ensure food safety and increase shelf life without refrigeration. The company entered India in the year 1987, and is a major supplier of packaging solutions to numerous beverage and dairy companies in the country, including brands like Amul, Dabur and Mother Dairy. Tetra Pak operates a manufacturing facility at Chakan near Pune which has a production capacity of billions of packaging materials annually.
9. Sandvik
Sandvik, founded in the year 1862, is a Swedish multinational engineering company offering products and services in mining, drilling, rock processing, metal cutting and machining. The company is operating in India since the year 1960 through its subsidiary, Sandvik Asia Private Limited. It provides a number of products to the Indian enterprises, right from drill rigs and loaders to mechanical cutting equipment and rock drilling tools. Sandvik Asia has manufacturing facilities in Pune, Mehsana and Hosur.
10. Oriflame
Oriflame, founded in the year 1967, is a Swedish multinational direct selling company specialising in beauty and personal care products. The company commenced its operations in India in the year 1994. Oriflame has a portfolio of over 1000 types of products in India which are sold by a network of independent brand partners. It has two manufacturing facilities at Noida and Roorke.
Conclusion
Swedish companies are set to increase their footprints in India on the back of increasing bilateral cooperation, abundant talent pool and beneficial policies of the government of India. Moreover, India provides easy access to other markets in Asia.
Santosh Kumar is a Professional SEO and Blogger, With the help of this blog he is trying to share top 10 lists, facts, entertainment news from India and all around the world.