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Top 5 biggest car companies in the world

Top 5 biggest car companies in the world

Snapshot: Companies like Toyota and VW are struggling out for years to be the number 1 car manufacturer in the world.

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The world automobile market is growing at a very rapid pace and countries like China and the U.S are the key markets to any automobile manufacturers success. It's been more than 110 years since the modern automobile came to light and the top 5 manufacturers in the world combined sell over 45 million vehicles annually. Here's a look at the top 5 manufacturers based on the sales numbers from 2015. 

1. Toyota

Sales - 10.15 million

Country of origin - Japan

Founded In - 1937

Toyota Motors surprised everyone back in 2012 when they surpassed Volkswagen Group as the leading car manufacturer across the globe. It was a big thing to beat a company who owns at least 10 brands under its umbrella and Toyota has not looked back ever since. In 2015 alone, Toyota sold 10.15 million vehicles after setting a milestone of 10 million unit sales in 2014.

Toyota Corolla, RAV4, Innova, Land Cruiser and many Lexus cars enjoy good success in most of the countries.

2. VolkswagenAG

Sales - 10.14 million

Country of origin - Germany

Founded In - 1937

Volkswagen has been in the news for all the wrong reasons last year, yet they garnered good sales number and did 10.14 million numbers. If only they wouldn't have suffered the dieselgate scandal, VW could have been the number one player in the market. At least the sales figures from the first half of 2015 says so. VW group is a big group and own companies like Audi, Skoda, Bugatti and many other brands. VW enjoys good sales numbers in China, and being number 1 in the Chinese market, which happens to be the world's largest automobile market gives it a major push globally.

VW Golf and Beetle, Audi A4, and Skoda Superb are some of the famous cars from the group.

3. General Motors

Sales - 9.92 million

Country of origin - U.S.A

Founded In - 1908

General Motors used to be the largest automobile manufacturer with a wide range of sub-brands under its umbrella. Then came the great depression and GM declared bankruptcy, losing many brands to the downfall. But it didn't stop GM from bounce back and with 4 brands under umbrella, GM sold close to 10 million vehicles in 2015, 9.92 million to be precise. With Chevrolet as the major selling brand, GM holds a much repo in the American market.

Chevrolet Malibu, Suburban, and Colorado enjoy a good success in the markets.  

4. Renault-Nissan

Sales - 8.5 million

Country of origin - France

Founded In - 1899

First, it was Renault from France, then came the Nissan from Japan and then Carlos Ghosn merged them. Yes, the charismatic CEO took the Renault-Nissan Alliance to a whole new level and the companies who were struggling to make profits now sell 8.5 million vehicles per year. While Nissan holds a strong ground in the U.S, Renault is doing good in Western Europe. And with more and more innovative cars, we hope they will soon cross 9 million annual sales.

Nissan Pathfinder, Nissan Juke and Renault Duster are few famous products from the alliance.   

5. Hyundai Motor Company

Sales - 8.01 million

Country of origin - South Korea

Founded In - 1967

The second largest automobile manufacturer from Asia is also the fifth largest in the world. The South Korean conglomerate which includes Kia and Hyundai Motors couldn't reach its target of 8.2 million unit sales in 2015, but did 8.01 million. India emerged as a strong market for the Hyundai where they enjoy the second spot after Maruti Suzuki, with a decent 25% market share. Hyundai also announced recently to spin-off the Genesis luxury division as a separate sub-brand.

Hyundai Elantra (i30), Hyundai Accent (Verna) and Tucson enjoys a good success in the market.  

*Sales figures based on 2015 data