Asia is one of the most prominent continents in the world with leading economies like Japan, China, India, Singapore, South Korea and more having booming business. These countries have had a storng economic growth with industries like iron and steel, oil and gas, automobiles, real estate etc growing rapidly. The top Asian companies include Sinopec-China Petroleum, Toyota Motors, PetroChina, ICBC, Samsung Electronics with other brands like China Construction Bank, Agricultural Bank of China, Bank of China, Japan Post Holdings and Honda. Here is the list of the top 10 companies in Asia 2016
10. Honda Motors
Honda Motors is a Japanese MNC focusing on the manufacture of power equipments, automobiles and motorcycles.
They are also said to be the world’s biggest and largest manufacturers of internal combustion engines and became the second largest in the sector of automobiles. Honda Motors also manufactures power equipments such as garden machineries, marine engines and other power generators.
Honda Motors have assembly plants in multiple locations around the world ranging from US, Pakistan, Canada, England, Japan, Belgium, India and more.
Honda motors also stepped in to meet global demand in the line of small cars and other hybrid powered cars in US and other regions. Honda Motors has recorded sales of more than 6 million units in the power equipment sector, few of these include, engine, tiller, lawn mower, sprayer, pumps, outboard engine, generators etc.
Honda is currently in the line of focus for world autobots manufacture and in solar cells too. ASIMO, which is the part of R&D is 11th in line of successive builds. Honda Motors also manufacture, mountain bikes and all-terrain vehicles in addition to being an active participant in Grand Prix and other motor sports. As a way to gauge the future, they have put in their best minds on alternate fuels production and integration with daily use vehicles as in electric, hydrogen fuel cell, natural gas and so on.
Though overall sales in Japan and Thailand declined due to unfavorable market conditions and volatile tax rates, there was an increase in demand sales in North America, Europe, Indonesia and India owing to new launches. The company holds a revenue of $125.09 billion and a profit of $4.78 billion in the financial year ending 2015.