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

Automobile (Car) Industry Overview
Factsheet of the Automobile Industry

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.

The COVID-19 pandemic hit the overall car market and global car sales dropped by 16% in 2020, but the market showed 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 – June 2023

RankNameMarket CapStock PriceCountry
$791.83 B$202.3USA
2Toyota$202.92 B$237.2Japan
$115.32 B€ 85Germany
4BYD$102.54 B$188China
5Mercedes-Benz$84.86 B€ 73Germany
6Volkswagen$77.71 B€ 126Germany
7BMW$77.29 B€ 109Germany
$55.13 B$12.3USA
9Ferrari$54.52 B$429.1Italy
10Honda$51.59 B$35.3Japan
11Stellantis$51.41 B$26.3Netherlands
12General Motors$50.97 B$40.9USA
13Hyundai$36.18 B$57.6S. Korea
14Maruti Suzuki India$35.28 B₹ 11,152.80India
15Li Auto$30.57 B$45.5China
16Kia$25.90 B₩ 117,700S. Korea
17Tata Motors$24.45 B₹ 958.05India
18Great Wall Motors$23.42 B$23China
19SAIC Motor$22.69 B$15China
20Mahindra & Mahindra$21.31 B$0.0000India
21Suzuki Motor$17.54 B$6,571Japan
22Nissan$15.75 B$588Japan
23Hotai Motor$14.92 B$656Taiwan
24Chongqing Changan$14.55 B$14China
25Subaru$14.51 B$3,389Japan

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


Q. Which is the most luxurious car company in the world?

Here are the Top Luxury car companies-
1. Rolls-Royce
2. Mercedes-Benz
3. Ferrari
4. BMW
5. Bentley

Q. Which are the most expensive cars in the world?

1: Rolls-Royce Boat Tail – 28 Million $
2: Bugatti La Voiture Noire – 18.7 Million $
3: Bugatti Centodieci – 9 Million $
4: Mercedes Maybach Exelero – 8 Million $
5: Bugatti Divo – 5.8 Million $

Q. Which is the Biggest car company by No. of Sales?

These are top Car Companies by the number of sales-
1. Toyota Motor Corporation
2. Volkswagen Group
3. Hyundai Motor Group
4. General Motors
5. Stellantis Group


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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