Carl Benz, a German engineer, invented the vehicle in 1885, and it has surely traveled the world. No other innovation has had such a rapid influence on humanity in such a short period of time. It has had a major impact on transportation, making both short and long-distance travel easier and faster.
Automobiles are now one of the world’s most profitable industries, with millions of vehicles sold each year and billions in revenue. Currently, there are more cars on the road than humans. Automobiles are currently available in a wide range of sizes, for a wide range of uses, and in a wide range of price ranges, from low-cost to high-end luxury vehicles.
The following is a list of the top 10 largest automotive firms by revenue in 2021, based on the latest recent data. You’re probably familiar with all of those companies, but the order in which they appear in this ranking may surprise you.
10. Hyundai Motor
88.1 billion dollars in revenue
Hyundai is a South Korean multinational automobile manufacturer. The company, which owns the Genesis and Kia brands and has a 45 percent market share in South Korea, designs and manufactures passenger cars, trucks, and commercial vehicles.
98.8 billion dollars in revenue
Stellantis N.V., based in the Netherlands, is a global automotive manufacturing company that was created in 2021 as a result of a cross-border merger between the Italian-American giant Fiat Chrysler Automobiles and the French PSA Group.
8. SAIC Motor
106.7 billion dollars in revenue
SAIC Motor Corporation Limited is a Chinese state-owned international automobile design and manufacture corporation headquartered in Shanghai. A Fortune Global 100 company and one of China’s “Big Four” state-owned automakers. As of 2021, SAIC is the second largest Chinese automaker and the twelfth largest globally in terms of output.
7. BMW Group
112.8 billion dollars in revenue
BMW is a German premium car and motorcycle manufacturer with a global presence. The company designs and manufactures brands like BMW, MINI, and Rolls-Royce. Spare parts and accessories, as well as credit financing, leasing, and other services, are available to retail customers.
6. Honda Motor
121.8 billion dollars in revenue
Honda is a Japanese multinational automobile company. Automobiles, trucks, vans, all-terrain vehicles, and motorcycles, as well as parts for them, are all manufactured by the company. Among them are the Civic, Accord, Insight Hybrid, Passport, Odyssey, Fit, and other automobiles. Acura is the company’s luxury vehicle division. The business also offers financial and insurance services.
5. General Motors
122.5 billion dollars in revenue
The company designs and manufactures automobiles, trucks, and automotive parts. It was a pioneer in the development of electric automobiles with the Chevy Volt and its sequel. The company’s four main automotive brands are GMC, Chevrolet, Cadillac, and Buick. The company also offers auto loans.
4. Ford Motor
127.1 billion dollars in revenue
The company designs manufacture, and services automobiles, SUVs, vans, and trucks. Other vehicle models include the Fusion, Mustang, Edge, Escape, F-150, Ranger, and more. The company also provides vehicle financing and leasing.
175.9 billion dollars in revenue
Daimler is a German automaker with a global presence. The company manufactures passenger cars, vans, off-road vehicles, and commercial vehicles such as transport trucks and buses. It produces vehicles for a number of manufacturers, including Daimler, Mercedes-Benz, FUSO, Western Star, smart, and others.
2. Toyota Motor
Revenue: 249.4 billion $
By defining industry standards for efficiency and quality, it was the first foreign carmaker to earn a considerable market share in the United States. Toyota manufactures automobiles, trucks, minivans, and commercial vehicles. Among the vehicle models available are the Toyota Corolla, Camry, 4Runner, Tacoma, and Prius, a hybrid electric sedan. Lexus is the company’s luxury automobile division.
1. Volkswagen Group
254.1 billion dollars in revenue
It designs and manufactures passenger vehicles, trucks, and light commercial vehicles including buses. Volkswagen’s Tiguan, Golf, Jetta, Passat, and other models are among them. Volkswagen stopped producing its once-popular Volkswagen Beetle compact car last year due to diminishing demand for smaller cars. Volkswagen’s most well-known luxury brands are Porsche and Audi.
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