Revenue Growth Benchmarks
Top-line performance metrics of companies across industries and countries
Top 50 Global Automotive Manufacturers
When assessed on annualized basis, the combined revenue of the 15 leading Chinese automotive OEMs grew at an average of 23%, with only 8 companies showcasing positive revenue trends. Of these, Li-Auto, Seres Group and BYD emerged as the fastest-growing entities. However, the growth was marginally offset by a decline in the revenue reported by 7 companies.
[ 1: LTM Sales in USD Biliion | Red Shading: Companies with negative growth in period | Green Shading: Top 15 companies by growth rank in period ]
| Company | HQ | Reported | Latest | LTM | year-on-year % | CAGR | Growth Rank | ||||||||||||
| Currency | FQ | Sales1 | 3m | 6m | 9m | ltm | 1y | 2y | 3y | 5y | 6m | LTM | 3ycagr | 5ycagr | |||||
| Volkswagen AG | DEU | EUR | 2023-09 | 332.90 | 11.6% | 13.4% | 15.9% | 16.9% | 11.6% | 11.9% | 3.4% | 4.0% | 22 | 21 | 39 | 30 | |||
| Toyota Motor Corp | JPN | JPY | 2023-12 | 311.94 | 23.4% | 23.7% | 23.9% | 22.9% | 18.4% | 16.8% | 7.5% | 4.8% | 8 | 10 | 33 | 28 | |||
| Stellantis NV | NLD | USD | 2023-12 | 206.00 | na | 2.5% | na | 8.4% | 8.6% | 10.6% | 52.8% | 10.5% | 40 | 36 | 3 | 12 | |||
| Ford Motor Co | USA | USD | 2023-12 | 176.19 | 4.5% | 7.6% | 9.0% | 11.5% | 11.5% | 13.7% | 11.5% | 1.9% | 34 | 30 | 27 | 37 | |||
| General Motors Co | USA | USD | 2023-12 | 171.84 | -0.3% | 2.5% | 9.2% | 9.6% | 9.6% | 16.3% | 11.9% | 3.2% | 39 | 33 | 26 | 32 | |||
| Mercedes-Benz Group AG | DEU | EUR | 2023-09 | 164.56 | -1.4% | 1.7% | 3.6% | 6.7% | 12.0% | 11.0% | -4.6% | -1.8% | 42 | 39 | 48 | 42 | |||
| Bayerische Motoren Werke AG | DEU | EUR | 2023-09 | 162.53 | 3.4% | 5.2% | 9.2% | 15.6% | 28.2% | 20.0% | 11.0% | 7.7% | 37 | 24 | 28 | 17 | |||
| Honda Motor Co Ltd | JPN | JPY | 2023-12 | 138.33 | 21.4% | 19.3% | 19.8% | 18.2% | 16.2% | 13.3% | 4.2% | 1.9% | 16 | 19 | 36 | 36 | |||
| Hyundai Motor Co | KOR | KRW | 2023-12 | 124.59 | 9.1% | 8.9% | 11.7% | 14.4% | 14.4% | 17.6% | 16.1% | 10.9% | 31 | 27 | 18 | 10 | |||
| SAIC Motor Corp Ltd | CHN | CNY | 2023-09 | 104.95 | -6.9% | 9.4% | -0.8% | -1.9% | -4.6% | 0.1% | -4.1% | -3.1% | 30 | 45 | 47 | 45 | |||
| Tesla Inc | USA | USD | 2023-12 | 96.77 | 3.5% | 6.0% | 17.1% | 18.8% | 18.8% | 34.1% | 45.3% | 35.2% | 36 | 17 | 6 | 2 | |||
| Nissan Motor Co Ltd | JPN | JPY | 2023-12 | 87.55 | 9.5% | 16.6% | 22.3% | 25.6% | 25.8% | 16.1% | 2.4% | -2.4% | 20 | 8 | 42 | 44 | |||
| BYD Co Ltd | CHN | HKD | 2023-09 | 81.54 | 32.9% | 42.7% | 48.9% | 60.3% | 78.9% | 59.7% | 49.4% | 30.4% | 2 | 3 | 4 | 3 | |||
| Kia Corp | KOR | KRW | 2023-12 | 76.45 | 5.0% | 7.7% | 11.6% | 15.3% | 15.3% | 19.5% | 19.0% | 13.0% | 33 | 25 | 12 | 6 | |||
| Renault SA | FRA | EUR | 2023-06 | 54.67 | na | 27.3% | na | 25.1% | 11.4% | 3.3% | -5.8% | -4.6% | 7 | 9 | 49 | 46 | |||
| Volvo AB | SWE | SEK | 2023-12 | 51.93 | 10.3% | 12.6% | 14.4% | 16.7% | 16.7% | 21.9% | 17.8% | 7.2% | 25 | 22 | 14 | 22 | |||
| Tata Motors Ltd | IND | INR | 2023-12 | 50.98 | 25.1% | 28.6% | 32.8% | 76.9% | 24.6% | 17.5% | 9.7% | 3.5% | 6 | 2 | 32 | 31 | |||
| Dr. Ing. h.c. F. Porsche AG | DEU | EUR | 2023-12 | 43.83 | -4.5% | 1.9% | 2.8% | 7.7% | 7.7% | 10.6% | 12.2% | 9.5% | 41 | 37 | 25 | 13 | |||
| Suzuki Motor Corp | JPN | JPY | 2023-12 | 36.23 | 7.3% | 12.3% | 12.7% | 15.2% | 30.1% | 20.8% | 10.0% | 4.3% | 26 | 26 | 31 | 29 | |||
| Mazda Motor Corp | JPN | JPY | 2023-12 | 33.52 | 18.6% | 19.1% | 32.3% | 28.5% | 22.6% | 15.2% | 3.7% | 2.0% | 17 | 5 | 38 | 35 | |||
| Subaru Corp | JPN | JPY | 2023-12 | 31.85 | 21.4% | 22.3% | 24.5% | 25.9% | 37.5% | 15.5% | 4.1% | 3.1% | 10 | 7 | 37 | 33 | |||
| Isuzu Motors Ltd | JPN | JPY | 2023-12 | 24.21 | 6.2% | 6.7% | 8.4% | 10.4% | 27.1% | 29.4% | 15.4% | 9.1% | 35 | 32 | 21 | 15 | |||
| BAIC Motor Corp Ltd | CHN | HKD | 2023-09 | 22.82 | na | na | na | na | -1.3% | 0.7% | 2.9% | 6.0% | - | - | 40 | 24 | |||
| Great Wall Motor Co Ltd | CHN | HKD | 2023-09 | 22.13 | 27.2% | 30.2% | 12.3% | 0.4% | -8.2% | 11.9% | 12.7% | 5.0% | 4 | 42 | 24 | 27 | |||
| Chongqing Changan Automobile Co Ltd | CHN | HKD | 2023-09 | 20.32 | 42.4% | 37.4% | 18.3% | 20.2% | 5.2% | 16.2% | 19.9% | 7.4% | 3 | 12 | 11 | 21 | |||
| Mitsubishi Motors Corp | JPN | JPY | 2023-12 | 19.39 | 13.3% | 11.9% | 14.3% | 11.9% | 20.6% | 30.0% | 2.7% | 2.3% | 27 | 29 | 41 | 34 | |||
| Guangzhou Automobile Group Co Ltd | HKG | HKD | 2023-09 | 18.00 | 9.8% | 18.9% | 14.8% | 18.8% | 32.6% | 28.1% | 22.7% | 7.7% | 18 | 16 | 10 | 18 | |||
| Yamaha Motor Co Ltd | JPN | JPY | 2023-09 | 17.36 | 0.1% | 2.8% | 9.4% | 13.1% | 24.1% | 23.6% | 10.5% | 6.1% | 38 | 28 | 30 | 23 | |||
| Li Auto Inc | CHN | USD | 2023-12 | 17.32 | 130.9% | 174.3% | 182.5% | 159.6% | 167.0% | 102.2% | 128.9% | na | 1 | 1 | 1 | - | |||
| Maruti Suzuki India Ltd | IND | INR | 2023-12 | 15.79 | 14.3% | 19.5% | 20.3% | 20.0% | 33.6% | 29.6% | 16.0% | 7.6% | 15 | 14 | 19 | 19 | |||
| Mahindra & Mahindra Ltd | IND | INR | 2023-09 | 15.74 | na | 16.1% | na | 21.1% | 34.5% | 28.0% | 17.1% | 5.8% | 21 | 11 | 15 | 26 | |||
| Dongfeng Motor Group Co Ltd | CHN | HKD | 2023-06 | 13.25 | na | -4.0% | na | -0.9% | -25.3% | -10.3% | -2.7% | -7.1% | 43 | 44 | 46 | 48 | |||
| Thor Industries Inc | USA | USD | 2024-01 | 10.38 | -5.9% | -13.7% | -19.7% | -25.5% | -31.8% | -5.0% | 10.8% | 6.0% | 47 | 47 | 29 | 25 | |||
| NIO Inc | CHN | USD | 2023-12 | 7.78 | 4.0% | 20.5% | 9.5% | 7.3% | 10.2% | 17.2% | 46.3% | 61.0% | 13 | 38 | 5 | 1 | |||
| Beiqi Foton Motor Co Ltd | CHN | CNY | 2023-09 | 7.64 | 14.4% | 21.0% | 21.0% | 17.9% | -15.5% | -10.3% | -0.4% | -2.1% | 11 | 20 | 44 | 43 | |||
| Ferrari NV | ITA | USD | 2023-12 | 6.44 | 14.6% | 23.2% | 21.1% | 20.1% | 20.6% | 16.2% | 15.7% | 10.8% | 9 | 13 | 20 | 11 | |||
| Anhui Jianghuai Automobile Group Co Ltd | CHN | CNY | 2023-09 | 6.09 | 18.2% | 30.2% | 23.1% | 15.7% | -9.3% | -7.7% | -8.3% | -5.8% | 5 | 23 | 50 | 47 | |||
| Harley-Davidson Inc | USA | USD | 2023-12 | 5.84 | -7.8% | -6.8% | -5.0% | 1.4% | 1.4% | 4.6% | 12.9% | 0.4% | 45 | 41 | 23 | 39 | |||
| Bajaj Auto Ltd | IND | INR | 2023-12 | 4.99 | 31.4% | 18.5% | 21.7% | 19.5% | 10.1% | 14.0% | 6.7% | 7.4% | 19 | 15 | 34 | 20 | |||
| Yadea Group Holdings Ltd | CHN | HKD | 2023-06 | 4.80 | na | 13.2% | na | 9.6% | 5.0% | 22.9% | 37.6% | 30.1% | 23 | 35 | 7 | 4 | |||
| Jiangling Motors Corp Ltd | CHN | CNY | 2023-09 | 4.48 | 3.5% | 8.0% | 6.7% | -0.6% | -14.5% | -4.6% | 1.0% | -0.8% | 32 | 43 | 43 | 41 | |||
| Hero MotoCorp Ltd | IND | INR | 2023-12 | 4.38 | 20.6% | 11.8% | 9.5% | 10.8% | 16.4% | 5.3% | 5.4% | 1.2% | 28 | 31 | 35 | 38 | |||
| TVS Motor Co Ltd | IND | INR | 2023-12 | 3.95 | 25.4% | 20.6% | 21.6% | 18.6% | 28.7% | 26.9% | 18.5% | 12.3% | 12 | 18 | 13 | 8 | |||
| Seres Group Co Ltd | CHN | CNY | 2023-09 | 3.92 | -47.3% | -35.6% | -27.9% | -2.6% | 104.0% | 54.4% | 23.4% | 9.2% | 49 | 46 | 9 | 14 | |||
| Trigano SA | FRA | EUR | 2023-08 | 3.72 | na | 11.3% | na | 9.6% | 9.6% | 9.3% | 17.1% | 8.6% | 29 | 34 | 16 | 16 | |||
| Winnebago Industries Inc | USA | USD | 2023-11 | 3.30 | -19.9% | -28.0% | -32.2% | -30.6% | -29.6% | -1.9% | 14.0% | 11.6% | 48 | 49 | 22 | 9 | |||
| XPeng Inc | CHN | USD | 2023-09 | 3.20 | 20.2% | -9.9% | -24.5% | -30.5% | 16.9% | 107.6% | 126.6% | na | 46 | 48 | 2 | - | |||
| KG Mobility | KOR | KRW | 2023-09 | 3.06 | -7.9% | 13.0% | 24.6% | 31.4% | 40.9% | 7.7% | -1.9% | -0.4% | 24 | 4 | 45 | 40 | |||
| Aima Technology Group Co Ltd | CHN | CNY | 2023-09 | 2.98 | -7.1% | -5.0% | 1.3% | 4.6% | 35.1% | 27.0% | 25.9% | 21.7% | 44 | 40 | 8 | 5 | |||
| PIERER Mobility AG | AUT | EUR | 2023-06 | 2.80 | na | 20.2% | na | 26.1% | 19.4% | 26.2% | 17.0% | 12.5% | 14 | 6 | 17 | 7 | |||
| Source: Annual Filings, Company Website | |||||||||||||||||||