Tech Desk 
Oct 14, 2024
The realm of top-notch car manufacturers has over the past few years been saturated, but still, there's a well-established monopoly of a few formidable contenders that dictate the trajectory of market trends.
These big sharks in the automobile sector are the most valuable car companies in the world, accumulating a sum of over $1.2 trillion in market cap.
Tesla, Toyota, BYD, Ferrari, and Xiaomi have grabbed the most lucrative segment out of the top 15 most valuable car companies in the world.
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The biggest propellers of the growth of automotive market in 2023 were electric vehicles (EVs), with EV sales rising by 35% globally compared to 2022, according to data from the International Energy Agency (IEA).
And as per industry experts, the growth chart seems to be steady and is on the verge of embracing substantial surge owing to the rising competition, investors must know be familiar of these top automakers in the world.
Top 15 most valuable car companies in the world
We've jotted down the most valuable companies in the world below:
| Company | Market Capitalisation |
| Tesla | $695.79 bn |
| Toyota | $228.88 bn |
| BYD | $117.09 bn |
| Ferrari | $85.40 bn |
| Xiaomi | $76.38 bn |
| Porsche | $70.77 bn |
| Mercedes-Benz | $67.70 bn |
| General Motors | $53.80 bn |
| BMW | $52.72 bn |
| Volkswagen | $52.48 bn |
| Honda | $49.49 bn |
| Maruti Suzuki India | $47.78 bn |
| Hyundai | $45.40 bn |
| Tata Motors | $42.61 bn |
