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Top automotive companies in the world

Infiniti Research, a world-renowned market intelligence solutions provider, has announced the completion of their latest research on the top five most successful companies in the automotive industry.
Posted on 21 March, 2018
Top automotive companies in the world

According to the automotive industry experts at Infinity, growing income in the developing nations is driving the growth of the automotive industry. “Additionally, people also see cars as a status symbol and often upgrade to a better model for better looks or performance.” 1.   Toyota Even though their market cap fell by 13.9 per cent in the past three years, Toyota has been dominating the automobile industry for over a decade now. Toyota Prius is their top selling model with more than 10 million units sold to date. The car manufacturer has a market cap of $157 billion. Toyota is also the world’s largest hybrid electric vehicle seller with the popular Prius and Camry model available in hybrid electric form. 2.   Daimler AG Daimler AG is the largest German automaker selling around 3 million vehicles last year. Their luxury brand, Mercedes Benz, sold around 2.3 million vehicles registering an increase of 9.9 per cent. Alongside luxury sedans, the car manufacturer offers smart cars, trucks, buses, coaches, camper vans, and other mobility services. 3.   Volkswagen One of the top automotive companies in the world, the Volkswagen Group, includes a host of top car brands in the world including Audi, Bentley, Lamborghini, and Porsche. The company is experiencing phenomenal growth with a 4 per cent year-over-year sales increment. VW and its 11 subsidiary brands sold 10.7 million vehicles in 2017, a 4.3 percent increase on the previous year. 4.     BMW The luxury car manufacturer has moved up the ranks significantly in the last few years with sales of over 2 million units in the year 2017. The company is actively contributing to the environmental sustainability by focusing its effort towards BMW I, a plug-in electric vehicle. BMW 3 series is their top selling model with the company reporting sales of over 70,000 in the year 2016. 5.     Tesla Although a newcomer in the top 5 listing, Tesla has been making headlines with its launch of Model 3 and Tesla Roadster last year. Tesla completely revolutionised the electric vehicle industry and redefined performance of electric cars.  The company sold more than 100,00 Model S sedans and Model X SUVs in 2017.