Variable class name in python

[TechVeera]

Is it a good coding practice to have the class name as variable.

E.g:

def create_class(class_name):
   class class_name:
     def __init__(self):
       do_sth....
   class_instance = class_name()
   return class_instance


for object in objects:
      res = create_class(object)

I wanted to create different classes which are present in a list like objects=[person,vehicle, location ..]. What could be other alternative way to do it ?