Ranked Asia’s No. 1 automaker
“Sales sustainability is excellent
and this future vehicle growth engine is robust.”
Hyundai Motors was ranked 33rd globally, getting ahead of Toyota (48th) and taking Asia’s No. 1 position in TIME magazine’s ‘World’s Best Companies 2025.”
TIME considers companies’ performance over the past three years as key evaluation criteria. Hyundai Motors’ sales grew by 23% from KRW 142 trillion in 2022 to KRW 175 trillion last year, demonstrating significant growth. Meanwhile, its operating profit increased by 45% from KRW 9.8 trillion to KRW 14.2 trillion over the same period.
Despite concerns about the impact of U.S. tariffs that began late last year, the electric vehicle (EV) chasm (temporary stagnation in demand), and the pursuit of Chinese competitors, Hyundai Motors’ steadily recovered performance strategy with increased sales of high-value-added products has worked. It read industry shifts in advance and has responded to the crisis by significantly increasing the proportion of hybrid cars, high-value-added sports utility vehicles (SUVs), and Genesis, its luxury brand.
Hyundai Motors is pursuing a 100% renewable energy transition (RE100) across all establishments, in line with its vision of achieving carbon neutrality by 2045, by signing large-scale renewable energy purchase contracts in Korea, the USA, and India.
Hyundai Motors has clearly shown improvement as it is consistently highly ranked, rising from 151st place in 2023, when TIME began evaluating the world’s 1,000 Best Companies, to 192nd in 2024, and to 33rd this year. This year, it has risen 159 places within just one year compared to last year. On the other hand, Toyota has shown significant fluctuations, from ranking 329th in 2023, to no ranking in 2024, and then ranking 48th this year.
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