Hyundai, Toyota on top among 50 Most Innovative Companies in 2012

Article by Anita Panait, on February 11, 2013

Several carmakers made it to Boston Consulting Group's 50 Most Innovative Companies ranking in 2012. Ten of the 50 available slots were captured by carmakers like Hyundai, Toyota, Ford, Kia, BMW and Volkswagen. According to the 2012 ranking, which resulted from a poll among senior executives around the world, Hyundai and Toyota came on top among the carmakers.

Hyundai jumped 12 places overall in the ranking and was able to get ahead of Toyota. Ford and Kia were third and fourth among carmakers that made it to the 2012 ranking.

Kia was a surprise entry, since it was not on the list of the 50 Most Innovative Companies in the 2010 survey, the last time the ranking was published. Only BMW -- which was fifth among carmakers -- and Toyota were featured in the rankings since its inception in 2005. VW, however, suffered a bad fall as it dropped from 15th overall in 2010 to 45th this year.

Absent from the list were Jaguar Land Rover, Mercedes-Benz parent Daimler, and Japanese carmaker Honda. This was the first time that Honda did not make the list. Overall, Apple was adjudged as the most innovative company in 2012, followed by Google and Samsung. Hadi Zablit, managing director of BCG Paris and co-author of the report, described innovation as bringing something new to the market that is accepted and monetized by the customer.

She told Automotive News Europe that high-placed carmakers were likely to offer innovative products like hybrid/electric powertrains or low-cost vehicles. She added that innovative processes and a unique customer experience are also important. BCG surveyed 1,512 senior executives around the world, of which 54 worked for carmakers.

Topics: hyundai, toyota

If you liked the article, share on:

Comments

Recommended

An RHD (right hand drive) BMW M4 DTM Champion Edition has been listed to be for sale by Romans International, UK’s leading supercar dealership. The first owner of this rare...
by - May 24, 2017
Audi will be offering something exciting for its United Kingdom market. The company announced that it will be adding new features as standard to the A4 range. It also confirmed...
by - May 24, 2017
You guys are probably aware of the collaboration between Mercedes-Benz and Renault-Nissan. Knowing this, you would expect that both companies will come up with something impressive. Sources say that the...
by - May 24, 2017
Amongst all sports cars on the planet, which one is the world’s best-selling model? Would you have guessed that it is the Ford Mustang? According to IHS Markit’s global automotive...
by - May 24, 2017
It’s not a bird. It’s not a plane. It’s Kris Singh’s blue carbon flying machine! Time stood still for a few minutes after the extremely rare Pagani Huayra BC Macchina...
by - May 24, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries