Volkswagen Beats Toyota To Become World's Biggest Carmaker!

German carmaker Volkswagen has beaten Toyota to become the world's largest carmaker in sales during the first half of the year.

This was Volkswagen's long term plan, which the company has achieved three years ahead of the proposed timeline.

Now, with the target achieved, it will be a tough battle for Volkswagen to stay there since sales in China is falling, which is one of VW's biggest markets. The company supplies almost a third of its production there.

Volkswagen has reported 5.04 million deliveries in the first half year, while Japanese carmaker Toyota reported 5.02 million during the first half, which is a decline of 1.5 percent compared to a year ago.

Toyota say that the reason for decline in sales is due to slowdown in emerging markets and hike in taxes for mini vehicles in Japan.

Volkswagen currently has 310 models and almost 120 factories worldwide.