Tata Motors is the only Indian name on the list dominated by Chinese, Japanese and American automakers
The year 2019 was quite a rough period for global automakers. In India, OEMs were gradually recovering from the confusion created by demonetisation, economic slowdown, BS6 emission norms and an overall drop in sales. However, nothing was close to what COVID-19 pandemic cost the world. 2020 has arguably become the worst year in recent history for all major businesses. The outbreak spread its damage beyond the health of mankind and brought down several companies to a near-standstill.
In fact, many have opted new strategies to minimise losses and further risks rather than concentrating on new products or services. If we look at the automotive industry, there has been some highs and lows. The varied sales trends have had a huge impact on their market valuation as well.
As a result, American EV manufacturer Tesla has become the most valuable car company in the world after dethroning Japan’s Toyota, thanks to a recent surge in share prices. This is quite an impressive feat since Tesla is one of ‘the different kind’ of car manufacturers in modern times. Here are the top 25 most valuable car brands in the world as of June 2020:
|Rank||Company/Groups||Value (in billion USD)||Country|
Starting with ‘Tesla, Inc.’, the Silicon Valley automaker achieved a market valuation of 190.12 billion USD and grew by 8.97%. Toyota followed at 182.27 billion USD (+0.32%) while Germany’s very own Volkswagen lagged by more than 100 billion to come at third position. Valuation stood at 81.72 billion USD after facing a downfall of 4.70%. Honda was much behind at 48.42 billion USD (+0.47%). Germany’s Daimler group (which owns Mercedes-Benz) was valued at 45.18 billion USD (-4.41%) overtaking Ferrari’s 43.30 billion USD (+0.67%).
BMW Group registered 41.87 billion USD and a lighter decline of 3.41% as compared to the American, General Motors’ 41.14 billion USD (-3.72%). SAIC (owns MG Motor) is the most valued Chinese company on the list. The group garnered a valuation of 29.99 billion USD, up by 0.48%. Ford fell to the 10th position as its value hit 27.08 billion USD (-5.94%).
South Korean automaker Hyundai hit 22.84 billion USD and went down by 2.69%. Following close is BYD group from China which was valued at 22.52 billion USD, enjoying an increase of 2.30%. Fiat Chrysler Automobiles (FCA), a joint venture between the USA and Italy, fell by 3.83% and hit 19.76 billion USD.
At 14th and 15th positions sit Japanese automakers Subaru (-0.08%) and Suzuki (-0.87%) with 18.42 and 17.77 billion USD, respectively. Remaining entrants on the list include Nissan, Geely, Groupe PSA, Renault, FAW, Changan, Dongfeng, Tata Motors (4.79 billion USD; -1.50%), Mazda and Mitsubishi.