 The city accounts for 60 per cent of India's automotive exports, which leads it to be called as 'The Detroit of Asia'.Chennai has a market share of around 30% of India's automobile industry and 35% of its auto components industry.A large number of the automotive companies including several global automotive companies such as BMW, Hyundai, Ford, Nissan, Renault, Mitsubishi, TVS Motor Company, Ashok Leyland, Caterpillar, Royal Enfield, TI Cycles, TAFE, Dunlop, MRF, Daimler, Yamaha, Michelin, Bridgestone, JK Tyres, Apollo Tyres and CEAT have manufacturing plants in and around Chennai.