Vehicle productionAs of 2022, the industrial production value of transport equipment totaled over 12 trillion forints. Even though after World War II Hungary became one of the most significant producers and exporters of buses in Europe, in recent years, the Hungarian automotive production sector's focus has shifted towards the assembly of foreign automotive brands. Regarding motor vehicle manufacturing volume, 2020 and 2021 recorded a decrease in the number of vehicles produced. In 2022, figures increased again, however, they did not reach pre-pandemic levels.
There are four leading original transport equipment manufacturers operating in Hungary — namely Audi, Mercedes, Opel, and Suzuki. Of the aforementioned automotive companies, Audi was the most successful in 2022 in terms of revenue. It was followed by another German automobile manufacturer, Mercedes-Benz Manufacturing, with a revenue of 3.97 billion euros.