Top 10 Automotive OEMs in the World in 2021 by Revenue

Volkswagen AG, Toyota Motor Corp, Stellantis NV, Mercedes-Benz Group AG, and Ford Motor Co are the top 5 automotive OEMs in the world in 2021 by revenue. Among the top 10 automotive OEMs, Volkswagen AG has the highest revenue of $295,850 million for the fiscal year 2021 (FY2021), while Hyundai Motor Co had the lowest revenue of $107,554 million. Collectively, the major 10 automotive OEMs generated revenue of $1,617,021 million, with average revenue growth of 13.4%. Maority of these companies (8 out of the top 10) witnessed a revenue growth in 2021, with highest revenue growth registered by Stellantis NV (78.8%) followed by Bayerische Motoren Werke AG (16.6%) and Volkswagen AG (16.4%), while the company Toyota Motor Corp and Honda Motor Co Ltd had a revenue decline of 8.8% and 11.8% respectively. In terms of the geographical split, 3 out of 10 of the world’s major automotive OEMs are based in Germany, while 2 are based in the United States of America, and the remaining are based in Japan, Netherlands, China, and South Korea. They employed a total of 2,436,733 people in 2021. Germany-based Volkswagen AG is the leading automotive OEM in the world (by revenue). The company develops vehicles and engines and produces and sells passenger cars, trucks, buses and motorcycles, light commercial vehicles, genuine parts, turbomachinery, large-bore diesel engines, propulsion components, special gear units, and testing systems. The company employs total of 668,294 people in FY2021.The company reported revenues of $295,850 million for FY2021, an increase of 16.4% over FY2020 was driven by its brands Audi, Bentley, Lamborghini and Ducati contributed disproportionately more to the result and the company was the market leader for electric vehicles in Europe with a market share of around 25% and were in second place in the US with around 7.5%. Japan based Toyota Motor Corp is one of the leading companies in automotive OEM in the world (by revenue). The company is an automobile manufacturer. It designs, manufactures, assembles and sells passenger cars, recreational and sport-utility vehicles, mini vans, related parts and accessories, and commercial vehicles such as trucks. The company employs a total of 372,817 people in FY2021.The company reported revenues of $242,288.8 million for FY2021, increase in revenue was due to favorable impact of changes in exchange rates, vehicle unit sales and sales mix. The company had 208 Japanese subsidiaries and 351 overseas subsidiaries as of March 2022.