Top 10 Car Companies in the World 2017

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1. Volkswagen

Volkswagen European largest automaker is located with it’s headquarter at Wolfsburg, Germany founded in the year 1937.

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Currently they are into five segments: passenger cars, commercial vehicles, financial services, motorcycles and into power engineering. It entered Indian market in the year 2001 with the launch of SKODA and today Volkswagen operates under 8 different brands across the world.

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These include Audi, Bentley, Porsche, Lamborghini, Seat, Skoda, Volkswagen Marques and Bugatti in passenger cars segment and the Ducati brand -costliest bike under motorcycle segment. In all it comprises of 12 different brands across all the three segments and operates in 31 nations worldwide and sells in more than 153 nations.

With a history of 67 years from the year of establishment Volkswagen started as a people’s car during Adolf Hitler’s time, to the introduction of type three cars in the year 1961 to expanding its product lines in the coming year of 1970’s to the launch of third generation Golf till today where it has expanded into various portfolios of sedan, SUV’s, hatchback, Volkswagen has become the world’s largest auto maker.

With the strategy to be the world’s leading automaker in terms of its innovation and intelligence , Volkswagen is build on 7 strong vales of sense of responsibility, respect, cooperation, learning, trust, strong attitude towards success and determination which keeps the employee’s eagerness to work and deal with the challenges. With attention towards sustainability and care for the environment, Volkswagen has set Together- strategy 2025 to become the leading sustainable mobility provider through digital transformation and contribute towards the development of humanity and society as whole. In the same line Volkswagen plans to introduce the first electric car in China the coming year and clear up the smog choked cities.

Thus with this it records the top brand in automobile sector with market share of 11.1 percent and sales of 10.3 million as on 2016.

Revenue: $ 226.03 billion

Net income: $ 12.22 billion

No of units sold: 10307340


Methodology:

To arrive at this list following methodology was used

Step 1: Top 10 companies were shortlisted based on their sales and market share

Step 2: 3 Parameters Revenues, Net income and Number of units sold were scaled using Min-Max Normalization

Step 3: Normalized values were weighted with 50% Revenue, 30% Net income and 20% sales(units)

Step 4: Based on the values, ranking was done.



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