Meet The Top Ten Car Brands In The World!

Cars were earlier seen as a symbol of luxury as only the rich people used to have them. Due to high costs only the rich owned them. But things have changed and middle-class people are also owning them. The rise in income of people should be seen as a big reason behind this. Compared to earlier the number of people who own cars increased massively.

Though there are many brands in the world, only a few brands made it to the top ten list. The list was prepared based on the Market Capitalisation. Let us have a look at the top brands.

Tesla: It is no wonder that the American Automotive company is at the top place. It is the brainchild of Elon Musk. The company which works on clean energy-manufactured electric vehicles. Tesla enjoys a big market across the globe. The company has a few models that run on automation. The market value of the company is $741.47 B

Toyota: The Japanese company is in second place with a value of $299 B. It is one of the biggest companies as far as manufacturing is concerned. Innova and Fortuner models were quite popular in the world. The company had a deal with the British Government to supply hydrogen-powered pickup trucks.

BYD Company; Another Electric manufacturing company on the list. The company is based out in China in Shenzhen. The company has a value of $97 B and it is famous for manufacturing Sedans and SUVs.

Mercedes-Benz: The German luxury manufacturing company is known for its luxury vehicles that offer comfort. The company is based out in Germany and it was set up in 1926. The value of the Luxury vehicles company is $ 74 B.

Ferrari: The Italian luxury sports car manufacturing company has a value of $73 B. The company is known for manufacturing supercars which are next to none when it comes to speed and luxury. Having the company vehicle is seen as a big brand. Usually, celebrities buy the vehicles.

Porsche: The German company manufactures sports cars. Porsche cars are among the richest cars that are sold in the world. To indicate the speed the vehicles generate the company has a horse as the symbol. The company manufactures electric vehicles too. Its value is $96 B.

BMW: The company is called Bayerische Motoren Werke AG but it is famous as BMW. The company used to manufacture engines for aircraft during the World War. Later it ventured into vehicle manufacturing making it one of the leading names. Its market cap is $61 B.

Volkswagen: The company which was founded in 1937 in Germany emerged as a global brand with time passing. Its market cap is $59 B. Between 1930 and 40 the company manufactured people’s cars. Later it started to manufacture costly vehicles.

Stellantis: The company is based in the Netherlands which is an amalgamation of Italian–American conglomerate. With a market cap of $55 B, it stands at the ninth position. By 2023 the company is in fourth place in terms of vehicle sales in the world.

Honda: The Japanese company is based out in Tokyo. Despite facing competition from other companies it has been one of the leading vehicle manufacturing companies in the world.