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Dew Briefs:
Continental, a German multinational automotive parts manufacturing company is the world’s 3rd largest automotive supplier and the 4th largest tire manufacturer and company which offers advanced vehicle interiors and intelligent communication technology for mobility services and commercial vehicles. Their product range includes long-range radar for driver assistance systems, Telematics Control Units for smooth data exchange and safety functions like eCall, and the Continental Air Supply (CAirS) system for adaptive air suspension control.
The Fortune Global 500 is an iconic annual list showcasing the Globally largest automakers, based on their total revenue published by Fortune, accordingly, Continental, which up from No.362 last year to No.344 place with earned the revenue $44,778 million, which was more in compression the previous year revenue $41,448.70 million and in profits percentage its hold the 1st place by 1684.70%.
Fortune Global 500 | World, 37 Biggest Automakers in the List
Tata Motors Limited, an Indian multinational automotive company a part of the Tata Group which headquartered in Mumbai was founded in 1945, as a locomotive manufacturer. Tata Motors according to list released by the Fortune Global 500 -2024, up from No.337 last year to No.271 place with earned the revenue $53,634.90 million, which was more in compression the previous year revenue $43,661.30 million and in terms of profits percentage its hold the 2nd spots by 1161.90%. it is likely to maintain its position as a leading player in the global automotive market.
The top 10 largest automakers ranked by profits percentage change on the Fortune Global 500 list include:
According to the latest Global 500 list-2024, Tata Motors has secured the 2nd spot in terms of profit percentage, trailing only Germany-based motor vehicles & parts companies, Continental. This impressive ranking is a big testament to the Indian automaker’s financial performance and strategic initiatives.
| Rank by Profits % | Rank by Fortune Global 500 | Automakers | Profits % Change | Country / Territory |
|---|---|---|---|---|
| 1 | 344 | Continental | 1684.70% | Germany |
| 2 | 271 | Tata Motors | 1161.90% | India |
| 3 | 462 | Aisin | 125.80% | Japan |
| 4 | 357 | Magna International | 104.90% | Canada |
| 5 | 421 | Jardine Matheson | 93.80% | China |
| 6 | 15 | Toyota Motor | 88.90% | Japan |
| 7 | 385 | Chery Holding Group | 83.30% | China |
| 8 | 136 | Nissan Motor | 80.10% | Japan |
| 9 | 495 | Subaru | 79.90% | Japan |
| 10 | 143 | BYD | 71.70% | China |
Diver Insights:
Tata Motors’s profit margin has been consistently strong, with a YoY growth of 20% in net profit. Now company focus on SUVs and emission-friendly powertrains vehicle, which sales in India setting a record in FY2024. The company’s efforts to optimize operations and reduce costs have contributed to its improved profitability.
Tata Motors’ strong profit performance in the Global 500 list-2024 is a reflection of its successful business strategies and operational efficiencies, has surpassed many global peers in terms of profit percentage, ranking as 2nd after Continental. German companies continue to dominate the top spots.
