Car companies have become one of the strongest industry in the world. Across the world, people have taken automobiles ranging from hatchbacks to sedans to SUVs to convertible sports cars. The car industry has grown rapidly as the global demand for cars has multiplied, which is seen from increasing automobile sales. The list of top car companies include automobile giants like Toyota, General Motors, Volkswagen, BMW, Daimler, Ford along with Honda, Hyundai, Fiat & Nissan. The largest car companies in the world not only focus on features, but give equal importance of after sales service of cars. Apart from quality of cars, good mileage, style etc, customer service, maintenance etc help separate the best car companies from others in the market. Such is the presence of these top car brands that their automobiles are sold in more than 100+ countries worldwide. Here is the list of the top 10 car companies in the world 2020 as per Revenues, Number of Employees and Sales (Units).
South Korean automaker, Hyundai was established in the year 1967. It has headquarter located at Seoul, South Korea. They are into manufacturing and distribution segment of automobiles, providing financial services in the form of credit and insurance to its customers and also in manufacturing of railways. Hyundai started its operations in India in 1996 where the brand was almost unknown in the country, but today it sells its cars across 193 nations with 5000 plus dealerships.
- Revenue – $80 billion
- Total Sales – 48,60,000 units
- No. of Employees – 1,04,731
World’s largest manufacturer of premium vehicles Bayerische Motoren Werke Aktiengesellschaft (BMW AG) is a Germany-based company founded in the year 1916; with it’s headquarter currently located at Munich, Germany. It is one of the biggest car companies in the world, and produced aircraft engines until 1945. It is into three segments which include automobile, motorcycles and financial services. It entered Indian market in the year 2006 and is a 100% subsidiary company under BMW group. Today the company has 31 production units across 14 countries and sell in more than 140 with the workforce of 124,729 people globally. It produces cars under three brand names BMW, Rolls Royce and MINI.
- Revenue – $94.163 billion
- Total Sales – 25,12,635 units
- No. of Employees – 1,24,729
Japanese automaker Nissan was established in the year 1933 with headquarter located at Yokohama Japan. They are into automotive and marine equipments production and sales. They entered India very recently in the year 2005 as wholly subsidiary company and sells cars in SUV’s, MUV’s, sedans and hatchback segments, and it operates across 160 nations worldwide with 10,380 employees. Nissan sells it vehicle under three brand names: Nissan, Datsun and Infiniti. Nissan history started way back in 1914 when DAT small box type car was formed by its founding fathers Den, Aoyama and Takeuchi. Later in 1933, Datsun started its full fledge operations and the company was changed to Nissan motor co ltd in, where in the following year in 1934 Datsun car rolled off the assembly line and started its sales. Expanding to USA in 1960 to moving globally under the brand name Nissan, it grew and expanded to establish Infiniti- luxury brand of Nissan motors in the year 1989. With the introduction of its first 100% electric car in the year 2010 with zero emissions Nissan continues to work towards sustainability in mobility to become the world’s best brand.
- Revenue – $100.1 billion
- Total Sales – 55,56,241 units
- No. of Employees – 1,42,925
7. Honda Motors
Founded in the year 1948, Honda is a Japanese firm with headquarter located at Tokyo, Japan. They are into manufacturing and sales of automobiles, aircrafts and motorcycles and providing financial services which includes credit and insurance to its customers. Honda has about 89 plants in 33 countries and sells in around 140 nations.
- Revenue – $128.4 billion
- Total Sales – 49,72,000 units
- No. of Employees – 2,08,399
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6. Fiat Chrysler
Fiat Chrysler Automobiles N.V. (abbreviated as FCA) is an Italian-controlled multinational corporation incorporated in the Netherlands, and currently the world’s sixth-largest auto maker. The group was established in late 2014 by merging Fiat S.p.A.into a new holding company, FCA (with headquarters in London) for tax purposes. FCA engages itself in designing, manufacturing, sales and distribution of light commercial vehicles, passenger cars, related components and production systems. It operates in 40 countries and sells in approximately 150 nations globally by employing 2,25,000+ people as of 2016.
- Revenue – $128.742 billion
- Total Sales – 44,82,000 units
- No. of Employees – 2,25,587
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5. Ford Motors
US based Ford motors was founded in the year 1903, with head quarter located at Dearborn, Michigan. It runs under two sectors of automotive and financial services which include manufacturing and distribution of automobiles and other related parts and providing credit to its purchaser. It employs around 201000 people in the four segments it operates: North America, South America, Europe and Asia specific Africa.
Ford entered in India in the year 1926 but had to shut down in 1954 due to Indian policies but later in 1995 Ford re entered by a joint venture with Mahindra and Mahindra as Mahindra ford private limited which was further renamed as Ford India private limited. Ford motors today operate with three brands Lincoln, Ford and a small stake of Mazda.
- Revenue – $151.8 billion
- Total Sales – 66,51,000 units
- No. of Employees – 2,01,000
4. General Motors
Headquarter at Detroit, Michigan General Motors was founded in the year 1908 in United States. General Motors is into designing, manufacturing and sales of passenger vehicles, trucks and automobiles parts worldwide. It entered Indian market in the year 1928 with Chevrolet brand but had to discontinue its operations due to Indian policies in the year 1954. But it still continued its operations through tie ups and finally became a fully owned subsidiary in the year 1999 to become fastest growing brand in the nation. GM produces automobiles under 11 different brands which includes Baojun, Jiefang, Buick, Onstar, Cadillac, Opel, Chevrolet, Vauxhall, GMC, Wuling and Holden. The firm produces cars in 35 countries and sells in over 125 nations employing over 225000 people as on May 2016.
- Revenue – $167.4 billion
- Total Sales – 99,65,238 units
- No. of Employees – 2,25,000
3. Daimler AG
One of the largest producers of premium luxury cars, Daimler’s history starts way back in 1886. It is headquartered at Stuttgart Germany. Today it has production units in about 20 nations and sells worldwide with more than 8500 sales center across the globe. It is into five segments: Mercedes-Benz cars, Mercedes-Benz vans, Daimler trucks, Daimler buses and Daimler financial services.
- Revenue – $177.729 billion
- Total Sales – 30,41,371 units
- No. of Employees – 2,84,482
Volkswagen European largest automaker is located with it’s headquarter at Wolfsburg, Germany founded in the year 1937. Currently they are into five segments: passenger cars, commercial vehicles, financial services, motorcycles and into power engineering. It entered Indian market in the year 2001 with the launch of SKODA and today Volkswagen operates under 8 different brands across the world. These include Audi, Bentley, Porsche, Lamborghini, Seat, Skoda, Volkswagen Marques and Bugatti in passenger cars segment and the Ducati brand -costliest bike under motorcycle segment. In all it comprises of 12 different brands across all the three segments and operates in 31 nations worldwide and sells in more than 153 nations.
With a history of 67 years from the year of establishment Volkswagen started as a people’s car during Adolf Hitler’s time, to the introduction of type three cars in the year 1961 to expanding its product lines in the coming year of 1970’s to the launch of third generation Golf till today where it has expanded into various portfolios of sedan, SUV’s, hatchback, Volkswagen has become the world’s second largest auto maker.
- Revenue – $226.03 billion
- Total Sales – 1,03,07,340 units
- No. of Employees – 6,26,715
Founded in 1937, Toyota Motor Corporation is located with it’s headquarter at Toyota, Aichi, Japan. It operates in automotive operations segment which includes designing and assembling passenger cars, trucks and other related car accessories and also in financial services providing lease financing to its customers. Toyota entered Indian market through a joint venture with Kirloskar group as Toyota Kirloskar Motor in the year 1997. Today Toyota Motor Corporation operates with 5 different brands across the world which includes Toyota brand, Lexus, Daihatsu, Ranz and Hino selling across more than 170 countries with its 53 plants located at across 28 nations worldwide.
With 80 years of establishment, Toyota motors entered with taking on to the automotive business in the 1930’s to entering into the business by introducing new cars and establishment of new plants till late 1970’s to expanding globally to form corporations until today, it has established itself as a successful company to be the innovative leader of the industry.
- Revenue – $249.83 billion
- Total Sales – 1,69,85,870 units
- No. of Employees – 3,64,445
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