In today’s competitive world there are more automobiles on the road than people. The automotive industry is one of the world’s largest industries by revenue. Automobiles are available in a variety of sizes, in a variety of price ranges from cheap to highly expensive, a variety of structures of cars, with different kinds of designs. It includes different industries, organizations, and companies that are involved in designing, advancing, manufacturing, marketing, and selling off the motorized vehicle or automotive vehicle. According to the estimate of the year 2007, there were 806 million cars, light trucks, and heavy trucks on the ground in the year 2007. Let us discuss about Largest car companies.
The global automotive industry is highly occupied by bike, cars, trucks (heavy and light) companies in countries like Europe, China, the United States, South Korea, Japan, and now India is also making its name in the race.
Top 10 car-producing countries:
According to the data for the year 2018 the top 10 motor vehicle-producing countries are listed below:
- China, a country in East Asia with Beijing as its capital, produced 27,809, 196 units of motor vehicles.
- The United States, with Washington DC as its capital, produces 11,314, 705 units of motor vehicles.
- Japan, an island country in East Asia with Tokyo as its capital, produced 9,728,528 units of motor vehicles.
- India, a country of South Asia with New Delhi as its capital, produced 5,174,645 units of motor vehicles.
- Germany, a country in West Europe with Berlin as its capital, produced 5,120,409 units of motor vehicles.
- Mexico, a country in North America with Mexico City as its capital, produced 4,100,525 units of motor vehicles.
- South Korea, a country in East Asia with Seoul as its capital, produced 4,028,834 units of motor vehicles.
- Brazil, a country in South America with Brasilia as its capital, produced 2,879,809 units of motor vehicles.
- Spain, a country in Europe with Madrid as its capital, produced 2,819,565 units of motor vehicles.
- France, a country in Europe with Paris as its capital, produced 2,270,000 units of motor vehicles.
There are different categories to categorize car manufacturing companies throughout the world. These are based on:
- Manufacturing
- Market capitalization
- Revenue generated
Top 15 companies based on Manufacturing:
According to the recent data of 2017, there are 15 largest manufacturers of cars in the world, according to the organization international des constructors’ automobiles (OICA). Manufacturing (producing things in large quantities; in this case production of cars)
1. Toyota: Toyota is a Japanese-based multinational automotive company. It was founded on August 28th, 1937, and headquartered at Toyota city, Aichi, Japan. This company ranks first in the list of manufacturing the highest number of motor vehicles. It has manufactured around 10,466,051 vehicles.
2. Volkswagen: Volkswagen is a German automotive public company, founded on 28th May 1937 and headquartered in Wolfsburg, Germany. This company manufactured around 10,382,334 vehicles in the year.
3. Hyundai: The Hyundai Motor group it’s a South Korean automobile company, founded in September 2000 and headquartered in Seoul, South Korea. This company has manufactured around 7,218,391 vehicles in a year.
4. General Motors: General Motors Company is an American automotive manufacturing company founded on September 16, 1908, and headquartered in Michigan, United States. His company manufactured 6,856,880 vehicles that year.
5. Ford: Ford Motor Company, an American public company, founded on June 16 1900 three and headquartered in Dearborn, Michigan, United States. This company manufactured 6,386,818 vehicles in 2017.
6. Nissan: Nissan Motor Company Limited is a Japanese company, founded on 26th December 1933 and headquartered in Yokohama, Japan. This company manufactured 5,769,277 units of motor vehicles in a year.
7. Honda: Honda Motor Company is a Japanese company, founded in October 1946 and headquartered in Tokyo, Japan. This company manufactured 5,236,842 units of the vehicle in a year.
8. Fiat Chrysler automobiles: This is an Italian American company founded on 12 October 2014 and headquartered in Amsterdam, Netherlands. This company manufactured 4,600,847 units of the vehicle in a year.
9. Renault: Renault is a French multinational automotive public company founded on 25th February 1899 and headquartered in France. This company manufactured 4,153,589 units of the vehicle in 2017.
10. Groupe PSA: this is a French multinational automotive manufacturing company, founded in April 1946 and headquartered at Rueil Malmaison, France. This company produced and manufactured 3,649,742 units of the vehicle in the year 2017.
11. Suzuki: Suzuki is a Japanese multinational corporation, founded in October 1909 and headquartered at Hamamatsu, Shizuoka, Japan. This company produced and manufactured 3,302,336 units of the vehicle in 2017.
12. SAIC: SAIC also known as Shanghai automotive industry corporation is a Chinese automotive company, founded in 2011 and headquartered in Shanghai, China. This company produced and manufactured 2,866,913 vehicles in 2017.
13. Daimler: Daimler is a German multinational automotive corporation founded in 1926 and headquartered in Stuttgart, Germany. This company produced and manufactured 2,549,142 units of vehicles in 2017.
14. BMW: BMW is a German multinational automotive corporation, founded on 7 March 1916 and headquartered in Munich, Germany. This company has produced and manufactured 2,505,741 units of the vehicle in a year.
15. Geely: ghillie is a Chinese-based multinational automotive company, founded on 6th November 1986 and headquartered at Binjiang District, Hangzhou, Zhejiang, China. This company produced and manufactured 1,950,382 units of vehicles in 2017.
Top 15 companies based on market capitalization:
Different lists rank different car companies on different criteria. The list given below ranks different publicly traded car manufacturers based on market capitalization. Market capitalization also referred to as a market cap, is the market value of a company’s shares. It can be calculated by multiplying the share price of the company with the number of outstanding shares. It reflects the equity value of a company. The data presented below is published in 2021 and is according to the companysmarketcap.com. Market Capitalization (It measures a company’s worth on the open market)
- Tesla: Tesla is an American-based company with a market capitalization of 568.11 billion dollars.
2. Toyota: Toyota is a Japanese company with a market capitalization of 214.79 billion dollars.
3. Volkswagen: Volkswagen is a German company with a market capitalization of 46.78 billion dollars.
4. Daimler: Daimler is a German company with a market capitalization of 95.59 billion dollars.
5. General Motors: General Motors is a United States-based company with a market capitalization of 81.23 billion dollars.
6. BMW: BMW is a German company with a market capitalization of 65.82 billion dollars.
7. BYD: BYD (Build Your Dreams) is a China-based company with a market capitalization of 62.45 billion dollars.
8. Stellantis: It is a Netherlands-based company with a market capitalization of 56.70 billion dollars.
9. Volvo: Volvo is a Sweden company with a market capitalization of 56.43 billion dollars.
10. NIO: NIO is a Chinese automobile company with a market capitalization of 54.75 billion dollars.
11. Hyundai: Hyundai is a South Korean company with a market capitalization of 52.98 billion dollars.
12. Honda: Honda is a Japanese company with a market capitalization of 51.41 billion dollars.
13. Ferrari: Ferrari is an Italian company with a market capitalization of 49.10 billion dollars.
14. Ford: Ford is a United States-based company with a market capitalization of 47.26 billion dollars.
15. Great Wall motors: Great World Motors is a Chinese company with a market capitalization of 37.1 billion dollars.
Top 10 companies based on revenue
The other parameter on which the automobile manufacturers can be divided or ranked is based on revenue. According to companiesmarketcap.com, there are the ten largest publicly traded multinational car manufacturers in the world, as of the data of 15 May 2021. Revenue is the total income produced by the company in a year.
1. Volkswagen: Volkswagen AG is a Germany-based multinational automotive manufacturing company. This is a publicly owned corporation that serves around the globe. It was founded on 28th may 1937 and is headquartered in Wolfsburg, Germany. This company deals in different types of automotive brands like Audi, Bentley, Ducati, Lamborghini, Porsche, Volkswagen cars, Bugatti, Cupra, Seat, Bugatti, etc.
This company generates revenue of 260.31-billion-dollar with a net income of 8.334 billion dollars. This company provides a one-year trailing total return of 11.2%.
Number of employees: 307, 342 as of 2020
Stock Exchange: OTC (Over the Counter)
2. Toyota: Toyota motor corporation is a Japan-based multinational automotive manufacturing company. This is a public based company which serves worldwide, it was founded on 28th August 1937 and is headquartered at Toyota city, Aichi, Japan. This company manufactures cars, trucks, and commercial vehicles. This company produces a vehicle under five brands known as Daihatsu, Hino, Lexus, Ranz, Scion.
This company generates revenue of 255.99 billion dollars. With a net income of 2,282,378 million yen. This company provides a one-year trailing total return of 1.8%.
Number of employees: 366, 283 as of 2021
Stock Exchange: New York Stock exchange
3. Daimler: Daimler AG is a German-based company, serving worldwide and dealing in automobiles, and commercial vehicles. This company was founded in 1926 and its head was quoted at MercedesstraBe, Stuttgart, Germany. It produces a vehicle under two brands known Mercedes Benz and Smart.
This company generates revenue of 186.66 billion dollars with a net income of 4.009 billion euro. This company provides a one-year trailing total return of 9.8%.
Number of employees: 288, 481 as of December 31st, 2020
Stock Exchange: OTC (Over counter)
4. Ford: Ford Motor Company usually known as the sport is an American multinational automotive manufacturer. It is a public company, founded on June 16, 1903, and is headquartered in Dearborn, Michigan, United States. It develops and manufactures cars, vans, trucks, SUVs, etc. The different brands associated with this company are Lincoln and Motorcraft.
This company generates revenue of 127.14 billion dollars with a net income of 2.1 billion dollars. This company provides a one-year trailing total return of 24.5%.
Number of employees: 186, 000 as of December 2020
Stock Exchange: New York Stock exchange
5. Honda: Honda Motor Company Limited commonly known as Honda is a Japanese public multi-industry company dealing in automobiles, motorcycles, and power equipment. This company was founded on 24th September 1948 and is headquartered at Minato Kumar Tokyo, Japan. The different brands associated with this company are Acura, Honda aircraft company, Honda motorcycles, and Honda automobiles. This company has been the world’s largest motorcycle manufacturer since 1959.
This company generates a revenue of 125.03 billion dollars with a net income of 1.9 billion dollars. This company provides a one-year trailing total return of 2.4%.
Number of employees: 215, 638 as of 2018
Stock Exchange: New York Stock exchange
6. General Motors: General Motors Company is an American public automotive manufacturing company. It serves worldwide and is designated as one of the world’s largest automobile manufacturers. The different types of products that this company deals in are automobiles, automobile parts, and commercial vehicles. This company was founded on 16th September 1908 and is headquartered at Renaissance Centre, Detroit, Michigan, United States. The different brands associated with this are Chevrolet, Wuling Motors, GMC, Holden, Baojun, and Buick
This company generates revenue of 122.84 billion dollars with a net income of around 1.7 billion dollars. This company provides a one-year trailing total return of 17.4%.
Number of employees: 155, 000 as of December 2020
Stock Exchange: New York Stock exchange
7. BMW: BMW or Bayerische Motoren Werks AG, is a German public automotive multinational corporate manufacturer, it manufactures luxury vehicles and motorcycles. The company was founded on 7 March 1916 and is headquartered in Munich, Germany. It is the world’s 14th largest producer of motor vehicles and special touring cars, sports cars, and Formula One. The brands associated with this automobile company are BMW, Mini, and Rolls Royce, and the motorcycles are marketed under the brand BMW Motorrad.
This company generates a revenue of 119.09 billion dollars with a net income of 5.5 billion dollars. This company provides a one-year trailing total return of 12.9%.
Number of employees: 133,778 as of 2019
Stock Exchange: OTC (Over counter)
8. Stellantis(PSA-FCA): Stellantis N.V. is a Netherlands-based public multinational automotive manufacturing corporation dealing in automobiles, commercial vehicles, production systems, and auto parts. This company was founded on 16th January 2021 and is headquartered in Amsterdam, Netherlands. This company has two groups the first one is PSA which is a French group and the other one is FCA which is an Italian American company. This company is a young company that manufactures automobiles bearing its 15 brands Abarth, Alfa Romeo, Mopar, Jeep, Ram, Dodge, DS, Fiat, Opel, Fiat Professional, Lancia, Vauxhall, Maserati, Citroen, and Chrysler.
This company generates revenue of 104.84 billion dollars with a net income of around 1.5 billion dollars. This company provides a one-year trailing total return of 19.5%.
Number of Employees: 407,545 as of 2020
Exchange: New York stock change
9. Hyundai: Hyundai motor group is a South Korean multi-industry corporation, dealing in rail transport, metals, mining commerce steel, construction, finance commerce stock, engineering, and automotive. This company was founded in September 2000 and is headquartered in Seoul, South Korea. The different brands associated with it are Hyundai, KIA, and Genesis.
This company generates a revenue of 94.40 billion dollars and a net income of 1.6 billion dollars. This company provides a one-year trailing total return of 35.7%.
Number of employees: 104,731 as of 2013
Stock Exchange: OTC (Over the Counter)
10. Nissan: Nissan motor corporation limited is a Japanese multinational automobile manufacturer. This company deals in automotive, founded on 26th December 1933 and headquartered at Nishi-Ku, Yokohama, Japan. This company deals in automobiles, forklift trucks, commercial vehicles, outboard motors, luxury vehicles, and automobiles. The vehicle models include the maxima, Titan, Leaf electric car, Pathfinder, versa, etc. This company works with brands like Datsun, Nissan, and Infiniti.
This company generates a revenue of around 73.92 billion dollars and a net income of 6.173 billion dollars. This company provides a one-year trailing total return of 37.2%.
Several employees: 136,134 as of 2020.
Stock Exchange: OTC (Over the Counter)
Other famous Car companies in the world are:
• Kia: Kia corporation is a South Korean automobile manufacturer, founded on 9th June 1944 and headquartered in Seoul, South Korea. This company deals in automobiles and commercial vehicles.
This company generates revenue of KRW 52.713 trillion and its net income is KRW 2.655 trillion as of 2016.
• Tata: Tata is an Indian multinational automotive manufacturing company, founded in 1945 and headquartered in Mumbai, Maharashtra India. The products of this company include luxury vehicles, automobiles, automotive parts, pickup trucks, commercial vehicles, military vehicles, electric vehicles, and SUVs. There are different subsidies to this company like Jaguar Land Rover, Tata technologies, Tata Hitachi construction machinery, etc.
This company generates a net income of rupees 13, 016 crores and it generates a revenue of ₹319 247 crores as of the data 2021.
• FAW Group: FA group corporation is a Chinese automotive manufacturing company, founded on 15th July 1953 and headquartered at Changchun, Jilin, China. It deals in different types of products like automobiles, automotive components, buses, trucks, etc.
This company generates revenue of RMB 292.7 billion as of 2010.
- Top companies producing Electric Cars
Worldwide Car companies are engaged in electric models of different vehicles. Different companies around the globe are shipping the future of travel and incorporating electric cars in this advanced world with the help of innovative technology.
The different companies dealing in electric cars are: –
- Tesla: Tesla is one of the leading multinational companies which manufacture electric cars. It markets high-speed electric vehicles and develops solar panels to be used at home or business.
Founded: 2007
Headquarters: Palo Alto, CA
- Lucid motors: this company has a goal to combine sustainability with luxury in the form of smart electric vehicles. The different features they incorporate are voice control, GPS technology, and mobile connectivity.
Founded: 2007
Headquarters: Newark, CA
- Envoy: this company aims at connecting real estate property owners with electric vehicle fleets.
Founded: 2016
Headquarters: Culver City, CA
- Uber: Uber is amongst the most popular rideshare companies which help people in getting on-demand rides in cities, intra-cities, etc. Uber has recently released and launched its zero-emissions incentive scheme, offering its riders to choose drivers or cars which are electrified.
Founded: 2009
Headquarters: San Francisco, CA
- Revel: this company is a ridesharing company in which customers or riders can register and request electric cars or scooters, with a rental charge from different parts of the world.
Founded: 2018
Headquarters: Brooklyn
- Zatractor: this company is the developer of electric vehicles built mainly for use in the sector of agriculture and farming. Their vehicles are equipped with sensors, cameras, and GPS systems.
Founded: 2017
Headquarters: Palo Alto, CA
Conclusion: This article is written in such a way that the reader gets minimal information about different types of car manufacturers in the world. The first part of the article deals with the meaning of the automotive industry and which country tops the list in manufacturing cars. The second part of the article deals with the different parameters on which the automotive companies are divided or ranked like manufacturing, today’s revenues, and market capitalization. This article is the accumulation of all the information about the particular company. There is also a part that deals with the new electric car companies. With the technological innovation, the car companies are also innovating their ideas and putting them into electric cars.
FAQs:
•Which company is the largest car manufacturer in the world?
Toyota is the largest car manufacturer which designs, develops, and manufactures cars.
•Which issue is faced by today’s automobile industry?
The coronavirus pandemic has hit everyone around the globe and also the industries. The COVID-19 challenges are the current issue that the automotive industry is facing.
•Which company sells the highest number of cars in the world?
Toyota sells the highest number of cars in the world with around 9.5 million units.
•Do all the companies deal in electric cars?
No, not all companies deal in the manufacturing of electric cars. Different companies manufacture electric cars with Tesla leading the line.
