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Automotive industry in Hungary - statistics & facts

Automotive production is one of the main pillars of Hungary’s manufacturing. In recent years there has been a strong focus on innovation, as well as research and development in the industry. The investment value in the constantly evolving automotive industry has exceeded one billion euros each year since 2011 and totaled 1.3 billion euros in 2020.

Vehicle production

As a result of Hungary becoming one of the most significant producers and exporters of buses in Europe after the Second World War, commercial vehicle production had lost its importance until recently. Regarding automobile manufacturing, 2020 brought an annual decrease of 19 percent in the volume of vehicles produced; totaling 433 thousand units. Moreover, over two thousand motorcycles were manufactured in 2019.
There are four leading original equipment manufacturers in Hungary — namely Audi, Mercedes, Opel, and Suzuki. Of the aforementioned automotive companies, Audi was the most successful in 2020 in terms of revenue. It was followed by another German automobile manufacturer, Mercedes-Benz Manufacturing, with a revenue of 3.4 billion euros.

E-mobility

Hungary was one of the first Central and Eastern European countries to promote e-mobility. So far, there has been strong government support for the production and use of electric vehicles, both in terms of passenger cars, as well as commercial vehicles. As of 2021, plug-in electric vehicle stock amounted to 4.6 thousand units, while another 6.1 thousand battery electric vehicles were in use in the country. The Hungarian government also promoted an increase in electric vehicle charging stations over the past year, totaling over 2.1 thousand in 2021.

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