Top 25 Largest Car Companies In The World (2023 Ranking List)

The automotive sector has played a significant role in the global economy since the early 20th century, and it currently contributes 3-4% of the world’s GDP. The industry has evolved from producing traditional gas-powered vehicles to innovative electric cars, resulting in a market valuation of over $2 trillion by 2022.

The Largest Car Manufacturers like Toyota, Volkswagen, Ford, and General Motors have a significant market share with high sales and revenue, but one company – Tesla accounts for nearly 30% of the industry’s valuation.

Automobile (Car) Industry Overview
Factsheet of the Automobile Industry

The COVID-19 pandemic hit the overall car market and global car sales dropped by 16% in 2020, but the market has shown signs of recovery in 2021, with an expected growth of 9% compared to the previous year.

Biggest Car Companies By Market Cap (2023)

Below you can check the complete list of the top 25 largest car companies in the world. The list is arranged by market capitalization, stock price, and country, so you can easily compare and filtering of the industry’s leading players.

Last Updated – March 2023

RankNameMarket CapStock PriceCountry
$641.58 B$190.4USA
2Toyota$186.04 B$25.1Japan
$111.30 B€ 112Germany
4BYD$103.66 B$246China
5Mercedes-Benz$84.25 B€ 70Germany
6Volkswagen$81.20 B€ 119Germany
7BMW$70.98 B€ 98Germany
8Stellantis$57.41 B$17.3Netherlands
9General Motors$54.00 B$33.7USA
$49.10 B$11.5USA
11Ferrari$47.80 B$265.4Italy
12Honda$44.19 B$25.7Japan
13Great Wall Motors$35.57 B$27China
14Maruti Suzuki India$31.89 B₹ 8,242.90India
15Hyundai$31.44 B$35.9S. Korea
16SAIC Motor$26.52 B$14China
17Kia$25.21 B₩ 77,600S. Korea
18Li Auto$23.91 B$23.4China
19Mahindra & Mahindra$20.52 B$0.0000India
20Lucid Motors$19.98 B$8.2USA
21Tata Motors$19.68 B₹ 416.50India
22Suzuki Motor$18.15 B$4,680Japan
23Chongqing Changan$17.46 B$12China
24Nissan$16.20 B$481Japan
25GAC (Guangzhou Automobile Group)$15.00 B$11China

Also, Check –

Top Companies of Electric Cars ⚡

Electric Car is the future due to their eco-friendliness and cost savings on fuel. In response, most car manufacturers have shifted their focus towards electric vehicles and invested in them. The global electric car market is projected to exceed $800 billion by 2030. To achieve this target, a list of the largest electric car companies has been compiled.

Tesla LogoTeslaElon Musk2003
Rivian LogoRivianRJ Scaringe2009
Lucid_Motors_LogoLucid MotorsPeter Rawlinson2007
NIO LogoNIOWilliam Li2014
Xpeng LogoXpengHe Xiaopeng2014
Uber LogoUberDara Khosrowshahi2009
Hyliion LogoHyliionThomas Healy2015
Waymo LogoWaymoTekedra Matakana2009


Abheey is a financial market enthusiast with 5 years of experience in Trading Stocks. He is an expert in simplifying financial concepts with data visualizations that helps people to create wealth.


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