ElectricVehicles(EV)andSelfDrivecarscoupledwithAIandIoTcontinuetobeemergingfocusareafortheglobalcarcompaniesin2024andthistrendwillcontinue.Thebestcarcompaniesintheworldsellarangeofvehicleslikesedans,hatchbacks,SUVs,trucks,buses,electricvehiclesetc.Thecarindustryheavilyreliesontheproductionofcarsandtrucksbymajorcarmanufacturersworldwide.Astechnologyinnovationscontinuetoarise,thecompetitiontobecomeatopcarbrandisincreasing.Connectedcarsareleadingthewayindefiningthenexteraforthesemajorcarmanufacturers.Thesecarbrandsarenotonlyconcernedwithsellingcarsbutalsowithprovidinganend-to-endcustomerexperiencethatcoverseverythingfromsalestoservices.
Thelistoftopcarbrandsintheworldin2024includeVolkswagen,Toyota,Daimler,GMfollowedbyBMW,Ford,Honda,SAICetc.Hereisalistofthetop10carbrandsintheworld2024.
QuickGlance:
VolkswagenGroupisoneofthelargestmanufactureroftheworldwithitsheadquarterinWolfsburg,Germany.
Image:companywebsite
Thegroupconsistsoftwodivisions:theautomotivedivisionsandthefinancialservicesdivisions.ThecompanyiscurrentlythelargestautomakerinEuropeandoneofthelargestintheworld.Asoftoday,VolkswagenGroupiscomposedof12brands,includingVolkswagen,Audi,Porsche,Bentley,Bugatti,Lamborghini,andothers.
Thebrandhasfactoriesgloballyandsellsvehiclesinover150countries.Despitebusinesschallenges,Volkswagencontinuestospendmoneyinresearch&developmentinnewtechnology,includingelectricandhybridvehicles.Thecompanyhassetagoalofbecomingcarbon-neutralby2050andisworkingtoreduceitsenvironmentalimpactthroughsustainablemanufacturingandtransportationpractices.AstrongglobalpresencemakesVolkswagenoneofthetopcarbrandsintheworld2024.
Revenue($Billion):335
ToyotaMotorCorporationisthelargestautomakeroftheworld.ItisaJapanesemultinationalfirmhavingaglobalpresence.
Image:pixabay
WithitsheadquarterinAichi,Japan,thecompanyhasgrowntobecomeoneofthelargestfirmintermsofrevenue.
Toyotamotorsiscurrentlytheworld'slargestautomakerbyvolume,producingmorethan10millionvehiclesannually.It'sproductportfolioincludessedans,SUVs,trucks,andhybrids.Thecompanyisknownforitsreliableandfuel-efficientcars,withitshybridvehicles,includingthePrius,beingparticularlypopular.Thecompanyhasoperationsinmorethan150countriesandhasastrongworkforceofover300,000individuals.AsapartofitsevergrowingR&D,thecompanywasoneofthefirsttointroducemass-producedhybridvehiclesandhascontinuedtoleadthewayinthisareawithitsdevelopmentoffuelcelltechnology.Thecompanyhassetcertainenvironmentalgoals,includingatargetofsellingover5millionelectriccarsby2030andachievingcarbonneutralityinitsoperationsby2050.Currentlyitemploysmorethan350,000peopleacrosstheworldwhostrivestoprovidetheultimatedrivingexperiencethroughperformance,comfort,userfriendly,safetyandstyling.
Revenue($Billion):311
DaimlerAGisoneoftheworld’sbiggestproducerandsupplierofpremiumcarsandcommercialvehiclesallaroundtheworld.
Revenue($Billion):212
FordMotorCompanyisanAmericanmultinationalautomakerincorporatedinDelawareintheyear1919.
Revenue($Billion):176
GeneralMotorsisaglobalautomotivecompanyestablishedintheyear1908.
WithitsglobalheadquarteratDetroit,USA,thecompanyoperatesinfivecontinentsacrossmanycountries.Withanemployeestrengthof180,000from70+nationalities,thecompanyhasaverydiverseanddedicatedteam.GeneralMotorsfunctionswitheightrenowneddistinctivebrandsacrosstheglobewhichincludes,Buick,GMC,Cadillac,Holden,Baojun,Wuling,andJiefang.Thecompanyoffersvehiclesrangingfromelectriccarstoheavy-dutyfull-sizedtruckswhichtalksvolumeaboutthefirm’sglobalreach.Thecompanyhasshownaremarkableperformancethepreviousyear.Thecompanyalsocreatedtheaffordableall-electricChevroletboltEVwhichoffersuptoanEPA-estimated230milesofpureelectricrangeonafullcharge.Thecompanyhasbeenappreciatedmultipletimesforitsqualityandperformance.GeneralMotorsdesignedthecrashtestdummieswhichisnowaglobalstandardforfrontalcrashtestingamongtopcarbrandsallover.ItisalsothefirstNorthAmericanAutoManufacturertobuildarollovertestfacility.GeneralMotorsisthusaleadingcarmanufacturer.ThismakesGMatopcarbrandin2024.
Revenue($Billion):171
BMWgroupabbreviatedasBayerischeMotorenWerkeGroupisoneoftheleadingmanufacturersofpremiumautomobilesandmotorcyclesandoneofthetopcarbrandsintheworld.
Revenue($Billion):162
HondaMotorCompanyisaJapanesemultinationalautomotiveandmotorcyclecompanywithitspresenceallaroundtheglobe.
Revenue($Billion):138
SouthKoreanautomaker,Hyundaiwasestablishedintheyear1967.IthasheadquarterlocatedatSeoul,SouthKorea.
image:pixabay
Revenue($Billion):121
SAICMotorCorporationLimitedisthelargestChineseautomakerenlistedintheFortune500Globallist.
Thecompanyhasmadetotheelitelisttwelfthtimeinarow,reflectingonthecompany’sever-expandingbusiness.Thecompanyisalsoconsideredasbelongingtothe“Big4”ChinesetopcarbrandsownedbythegovernmentandhasitsheadquarterinShanghai,Chinabutisoperatingworldwide.Thecompany’smainbusinessincludesvehicles,components,autotrade&services,andfinancing.SAICMotorhasbeendominatingtheautomarketinChinasince2006.TheCompanyhasanewSAICplantinThailandandisinvolvedinconstructingthevehicleandauto-partsparkinIndonesian.Thecompanyalsooperatesthroughmanyjointventureswithrenownedbrands.AlongwithVW,SAIChassoldmorethantwomillioncarsinChinaalone.ThecompanymaintainedthefirstplaceinthesalesmarketofvehiclesinChinaandsuccessfullybrokeintotopfourcompanieswiththelargestsalesvolumeofpassengervehiclesinthedomesticmarket.
Revenue($Billion):105
NissanMotorCorporationisaJapaneseautomakerhavingbeenestablishedintheyear1933attheYokohamacityinJapan.
Sincethenthecompanyhasevolveditselfintoatrulyglobalcompanyandhasastrongglobalpresenceacrossallcontinents.Thecompanyisinvolvedinthesalesandmanufacturingofautomotiveproductssuchasautomobiles,trucksandbusesaswellasotherrelatedauto-products.Thecompanyhasitsmanufacturingfacilitiesinasmanyas20countriesworldwideandcustomersinmorethan160differentnations.Thecompanyownsadiverserangeofworldrenownedbrandswhichoperatestoproduceawidevarietyofproducts.Thecompany’swellknownrevolutionaryproductsrangesfromthe100%electricNissanLeaftothesuper-performerNismo.Thecompanyisalsoheavilyinvestinginaportfolioof"green"technologieswhichincludescleandiesels,efficientinternal-combustionenginesandhybrids.Thecompanyalsogivesspecialfocusontheproducingthezeroemissionvehicles,suchaselectriccarsandfuelcellvehicles.Nissanisalsoknownforitsoperationsthroughformingstrategicalliances.Nissanmotorsisamongthetopcarbrandsintheworld.
Revenue($Billion):78
1.Theleadingcarbrandsintheworldareconsidered.
2.Parameterslikerevenuesweretakenfortheabovecarbrands.
3.Afinalscoreiscalculatedandtherankingsareevaluated.
Browsesimilarcompanylistsacross50sectors.Thetopbrandlistscategorycoversrankingsofcompaniesbasedonvariousparameters.
ContinueReading:
MBASkoolisaKnowledgeResourceforManagementStudents,Aspirants&Professionals.
BusinessCourses
Quizzes&Skills
QuizzestestyourexpertiseinbusinessandSkilltestsevaluateyourmanagementtraits