The global automotive industry is experiencing continuous growth, with new models and vehicle types frequently entering the market. In 2023, the industry saw the production of over 91.5 million vehicles. This number comprised 25.3 million commercial vehicles and 66.3 million passenger cars. Let’s explore the top 5 countries leading this manufacturing surge.
China leads the world with its automotive production, manufacturing approximately 30.2 million vehicles in 2023. This encompasses both passenger cars and commercial vehicles. In 2022, China produced about 23.8 million vehicles, including 3.2 million commercial vehicles. SAIC Motor, Dongfeng, FAW, and Changan are among the major domestic automakers. China is responsible for nearly a quarter of the global vehicle output.
The United States ranks second, producing about 10.6 million vehicles in 2023, including approximately 1.8 million passenger cars and 8.3 million commercial vehicles. The Big Three of the US auto industry—General Motors, Ford Motor Company, and Fiat Chrysler—are dominant players.
Japan, with its production of approximately 9 million vehicles in 2023, shows recovery following the impact of the Covid-19 pandemic. While the output is lower than the 9.7 million vehicles in 2019, Japan remains a top-3 global manufacturer.
India’s automotive industry is rapidly expanding, with 5.9 million vehicles produced in 2023. Key players include Maruti Suzuki, Tata Motors, and Mahindra & Mahindra. This represents an annual growth rate of 7%. India is also exporting vehicles to various countries, including Mexico, Saudi Arabia, and South Africa, thereby increasing its global influence.
South Korea, known for brands like Hyundai and Kia, produced 4.2 million vehicles in 2023, re-entering the top 5 after a period of trailing behind Mexico. Mexico produced 4 million vehicles in 2023, which South Korea surpassed.
