The global automotive market witnesses a constant surge in demand, with a variety of new cars and other vehicles being launched. In 2023, the automobile industry produced over 91.5 million vehicles, including 25.3 million commercial vehicles and 66.3 million passenger cars. This article highlights the top 5 countries globally that lead in automobile manufacturing.
China, the world’s largest automobile hub, produced approximately 30.2 million vehicles in 2023, encompassing both passenger and commercial vehicles. In 2022, China manufactured around 23.8 million vehicles, with 3.2 million being commercial vehicles. The prominent domestic automakers in China include SAIC Motor, Dongfeng, FAW, and Changan. China accounts for nearly one-fourth of the global production.
The United States secured the second position, producing approximately 10.6 million vehicles in 2023, comprising about 1.8 million passenger cars and 8.3 million commercial vehicles. General Motors, Ford Motor Company, and Fiat Chrysler are the major players in the US automotive industry.
Japan produced about 9 million vehicles in 2023, showing a recovery from the Covid-19 pandemic’s impact. However, this figure is still less than the 9.7 million vehicles produced in 2019, yet Japan remains in the global top 3.
India showcased a rapidly growing automotive industry, manufacturing 5.9 million vehicles in 2023, with prominent names like Maruti Suzuki, Tata Motors, and Mahindra & Mahindra. This represents an annual growth of 7%. India is also exporting its cars to countries like Mexico, Saudi Arabia, and South Africa, increasing its global influence.
South Korea, known for brands like Hyundai and Kia, produced 4.2 million vehicles in 2023, regaining its position in the top 5 after briefly falling behind Mexico, which produced 4 million vehicles in 2023.
