Top 10 Automotive OEMs in APAC in 2021 by Revenue

Toyota Motor Corp, Honda Motor Co Ltd, Hyundai Motor Co, Nissan Motor Co Ltd, and Kia Corp are the top 5 automotive OEMs in APAC in 2021 by revenue. Collectively, the top 10 automotive OEMs generated revenue of $701,045 million, with an average revenue decline of 6.3%, where the highest revenue was generated by Toyota Motor Corp ($256,705 million), while the lowest revenue was generated by Isuzu Motors Ltd ($16,987 million). The highest revenue growth increase was registered by Kia Corp (18.1%) followed by Hyundai Motor Co (13.1%). The remaining 8 companies’ revenue declined in 2021. In terms of the geographic split, 7 out of 10 of APAC’s top automotive OEMs are based in Japan, while 2 are based in South Korea, and one is based in India. They employed a total of 1,105,519 people in 2021. The Japan-based Toyota Motor Corp is the leading automotive OEM in APAC (by revenue). Toyota reported revenues of $256,705 million for the fiscal year ended June 2021 (FY2021), which was driven by improving design and offering new models according to individual market needs. The company designs, manufactures, and sells passenger cars, buses, minivans, trucks, specialty cars, and recreational and sport-utility vehicles. As of June 2021, Toyota employed a total of 366,283 people, while 60,000 people were employed in the R&D department. It had 209 Japanese subsidiaries and 335 overseas subsidiaries as of March 2021. It has more than 50 overseas manufacturing facilities in 27 countries and regions besides Japan. The company's vehicles are sold through 168 distributors in 203 countries. Honda Motor Co Ltd is one of the leading companies in automotive OEM in APAC (by revenue). The company reported revenue of $117,256.7 million for the fiscal year ended June 2021 (FY2021), due to an increase in sales in Asia and favorable currency effects. The company manufactures and markets automobiles, motorcycles, power products, and vehicles or the sea. As of March 2022, Honda had 415 domestic and overseas affiliated companies. The company has manufacturing facilities in Japan, the US, Canada, Mexico, the UK, Turkey, India, Indonesia, Malaysia, the Philippines, Thailand, Vietnam, Argentina, and Brazil. It employs 204,035 people.