Top 10 Automotive Companies in the World 2023

The saying that good things come in tiny packages isn’t true about the automobile industry. The global automobile industry has escalated in the past two decades into a well-established sector. All new levels of innovations and creativity have contributed immensely to the development and expansion of the world economy. Isn’t this interesting? Indeed, it is. 

While automobile companies play a vital role as this industry has lots of taxes and foreign revenues. Likewise, in this industry, billions of dollars are earned in a year. 

Today, we will note down the world’s top 10 automotive companies.

List of top 10 automotive companies in the world

Toyota Motors

Toyota Motors has invested more than $1 million into intense research and development of the business. It is one of the richest automobile companies worldwide, and it has its head office in Japan. It has operations in 30+ nations and regions of the world. Likewise, it has almost 60 manufacturing plants worldwide. 

Toyota has a market capitalization of $ 199 billion, and also, they have received a lot of awards at the global level. It is the largest automobile company and almost four times bigger than Tesla. 

Volkswagen

Famous as VW, Volkswagen has two major divisions of the companies. Founded in 1937, VW has an automotive division as well as financial services worldwide. Automotive divisions have heavy commercial vehicles, passenger cars, etc. and it has owned big cars like Audi, Skoda, SEAT, Volkswagen Passenger cars.

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This company has done more than 1.07 crores deliveries worldwide and is thus, in our list of top 10 automotive companies globally. 

Daimler AG

Daimler AG has a great presence due to Mercedes Benz passenger vehicles, Vans, Buses, while Daimler Financial Services include multiple domains globally. This company has more than 1,36,000 electric smart models. They have sold these magnificent cars across the world. 

It is indeed one of the top 10 automotive companies in the world and has a market capitalization of $ 69 million. 

General Motor

Founded in 1908, General Motors was initiated by Williams Buick, the owner of Buick Automobiles. GM has operations in five continents and multiple countries. Likewise, there are 12,000+ dealers worldwide. GM was the first manufacturer company in North America to construct a test facility for the cars’ test rollover.

During 2017, the company had delivered 9 million+ vehicles worldwide. GM’s market capitalization is $53 billion, and it is in the top 10 automotive companies in the world list.

Honda Motor Co

Honda Motor Company is one of the most famous Japanese multinational automotive and motorcycle producing companies globally. It has good recognition in the world. The company was initiated in the year 1948 by Soichiro Honda. It has headquarters in Tokyo, Japan. In 1959, they shifted their major operations to the United States. Hence, Honda cars and automobiles are made in the USA. 

Honda is the fifth largest automobile manufacturer in the globe. This company has quickly expanded with its innovative techniques. It has a market capitalization of more than $ 58 billion. 

BMW Group

Germany-based BMW (Bayerische Motoren Werke AG) is the next one in the list of top 10 automotive companies in the world. They have their manufacturing plants in more than 14 nations in the world. 

Besides, the company is also engaged in providing premium financial as well as mobility services. Since its incorporation in 1916, BMW has been one of the main automotive producers with 30+ production and assembly facilities across the world. 120,000+ employees are working here, and almost 90 percent of them are in the automobile segment, and others are engaged in financial services. It has a market capitalization of more than $ 53 billion. 

Tesla Inc

It was established in 2003 by a group of maestro engineers, aka Martin Eberhard and Marc Tarpenning, in the name of the famous Serbian founder Nikola Tesla.

Tesla had incurred losses in 2019 of around $9 billion; however, it was able to stand up firmly in the market with its strategy and planning and innovative steps execution. These helped Tesla to gain higher rankings in the global automotive sector. Elon Musk has an innovative and creative approach toward producing excellent service in the automatic sector. Market capitalization is approximately $ 49 billion.

Ford Motor

Henry Ford had a goal and vision to build one of the world’s top 10 automotive companies. Interestingly, he started by acquiring the Michigan company business. Ford Motor started its operation in 1903 of production, designing, and selling cars, and the engineering part was taken care of by Henry Ford. The company also produces Ford cars, electric vehicles, and trucks. Its market capitalization is $45 billion. 

Fiat Chrysler

Fiat or Fiat Chrysler Automobiles is a UK based automobile company. Fiat Chrysler Automobiles had produced 12,00,000+ units in 2017. 33%+ of Fiat Chrysler Automotive is made in the United States, and all of these vehicles are Chrysler 200 models, trendy, latest, and beautiful.

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The Dodge Challenger, Jeep, and all RAM brands and some others are part of Fiat Chrysler Automobiles, and they have been successful brands too. 90% of Jeeps and automobiles are made in the United States. Market capitalization is almost $34 billion. 

Renault Nissan

The tenth one is Renault Nissan in the list of top 10 automotive companies in the world. It is a Japanese automobile company that has produced 2,80,000 electric vehicles. That’s a staggering figure!

It has operations in more than 20 nations in the world. It has vehicles that support “Green technologies,” including clean diesel, hybrids, efficient engines, and lots more. It also focuses on the production of zero-emission vehicles, and the market capitalization of Renault is $ 39 billion. 

So, these were the top 10 automobile companies in the world. These companies have excelled in this field and made goodwill and ample sales across the world.