8. Hyundai-Kia (South Korea)
At number 8 on the list of top ten motor manufacturers is South Korean manufacturer Hyundai-Kai who produce 2,777,137 cars approx. every year. The Indian subsidiary of Hyundai Kia Automotive Group, the Hyundai Motors India, is the country’s second largest car manufacturer. The Hyundai Motor Company was founded in 1967. It became the Hyundai Kia Automotive Group when Hyundai Motor Company purchased 51% of South Korea’s second-largest car company, Kia Motors in 1998.
7. PSA Peugeot Citroen (France)
Peugeot Citroen, which of course is the producer of both Peugeot and Citroen models, is the seventh largest automaker in the world and the second largest in the Europe. The total volume manufactured per year is 3,325,407 units approx. In December 1974 Peugeot S.A. acquired a 38.2% share of Citroën. In May 1976 they increased their stake of the then bankrupt company to 89.95%, thus creating the PSA Group. PSA’s old TU engine family has been replaced by Prince engine(link here) which was designed by the joint venture between PSA and BMW.