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Following the news from the SMMT that 54,962 cars were produced in the UK in May, well up on Covid-wrought May 2020 (5,314 cars produced), but still down 52.6% on 2019’s level; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The decline to UK car output in May […]
Fleet electrification provides long-term solution for last-mile delivery in India, says GlobalData
Following the news that Hero Motors Company’s electric vehicle (EV) arm Hero Lectro has partnered with logistics firms Fast Despatch Logistics (FDL) and Turtle Mobility to deploy e-cargo bikes for last-mile delivery; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “India has been lately witnessing […]
Global vehicle market disappointing in May, says GlobalData
Although the global vehicle market is in recovery in 2021, the month of May was a reminder of ongoing demand fragility, according to the latest analysis by GlobalData, a leading data and analytics company. Calum MacRae, Automotive Analyst at GlobalData, comments: “Global light vehicle sales increased 36.2% in May versus last year, but in the […]
India looks forward to flex-fuel vehicles to achieve alternative fuel ambitions, says GlobalData
Following the news that India is considering to make flex-fuel engines mandatory for automakers; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The development comes two weeks after the government brought forward the cut-off date for 20% ethanol blending petrol program (E20) from 2030 to […]
Uber partnership to help Kia strengthen EV share in Europe, says GlobalData
Following the news that South Korean automaker Kia has partnered with shared mobility giant Uber to supply electric vehicles (EVs) in Europe; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Kia aims 20% battery EV share in the total sales in advanced markets, including South […]
India goes faster on electric mobility with revision of FAME II scheme, says GlobalData
Following the news that Ministry of Heavy Industries and Public Enterprises, India has made revisions to the Faster Adoption and Manufacturing of Electric Vehicles (FAME) phase II; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The revisions to the FAME II scheme, which covers electric […]
Alibaba exploring opportunities in autonomous logistic distribution with new self-driving plans in China, says GlobalData
Following the news that Chinese technology and retail giant Alibaba is exploring opportunities to develop self-driving trucks with logistics subsidiary Cainiao Network Technology Co., Ltd; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The news of Alibaba working with its logistics subsidiary Cainiao on self-driving […]
China passenger vehicle sales growth decelerates in May 2021 but electric vehicle sales remain strong, says GlobalData
Following the news that China’s passenger vehicle sales grew by only 1.1% year-on-year (Y-o-Y) in May 2021, as per the data from China Passenger Vehicle Association; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Relatively slow growth in passenger vehicle sales in China can be […]
Vehicle sales in India to rebound in 2021 after a tough May due to lockdown, says GlobalData
The lockdown imposed to curb the second wave of COVID-19 and the paused economic activities in India has caused the vehicle sales to decline in May 2021 compared to the previous months which were gradually increasing since January 2021. However, the full year light vehicle sales in India is expected to grow by 25.7%, according […]
Audi eyes to increase its EV market share in South Korea with new carbon neutrality plans, says GlobalData
Following the news that Audi Volkswagen Korea opened its exhibition goTOzero in Korea and announced its electrification plans to go net zero by 2050; Bakar Sadik Agwan, Associate Project Manager of Automotive at GlobalData, a leading data and analytics company, offers his view: “Audi Volkswagen Korea’s plan to ramp up electrification and achieve net-zero carbon […]
Foxconn-PTT partnership to expedite electric vehicles development in Thailand, says GlobalData
Following the news that Taiwan’s Foxconn announced a partnership with Thailand’s state-run energy group PTT PCL to make electric cars in Thailand; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Foxconn’s has been really aggressive with its electric vehicle (EV) plans. Over the past year, […]
Attero will help MG Motor India to build complete EV ecosystem, says GlobalData
Following the news that MG Motor India has collaborated with India-based electronic asset management company and clean-tech provider Attero to recycle electric vehicle (EV) batteries; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “While OEMs, government and tech companies are working collectively on boosting the […]
Indonesia automotive sector to stay afloat with extension of tax relaxation, says GlobalData
Following the news that The Ministry of Industry Indonesia plans to extend the validity period of the purchase tax relaxation policy on luxury goods (PPnBM) until 2022; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The temporary waiving off sales tax on motor vehicles (PPnBM) […]
Global vehicle market recovery on track, says GlobalData
After an unprecedented pandemic-induced reversal in 2020, the global vehicle market is firmly in recovery phase in 2021, according to the latest analysis by GlobalData, a leading data and analytics company. Calum MacRae, Automotive Analyst at GlobalData, comments: “April’s light vehicle sales have now been reported for all global markets. They show an 83.4% year-on-year […]
Used car market to recover faster than new sales post COVID-19 second wave unlock in India, says GlobalData
Following the news that Maruti Suzuki India registered a drop in sales of pre-owned cars by around 36% last fiscal year and that other OEMs also witnessed decline in used car business; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The annual volume range of […]
Indonesia bullish on EV plans with new US$1.2bn battery plant, says GlobalData
Following the news that State-owned Indonesia Battery Corporation (IBC) and South Korea’s LG will build a new US$1.2bn battery plant in Indonesia; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “With one-fourth of the global nickel ore reserves, a key battery material, Indonesia holds significant […]
SK Innovation to support Ford electrification goals with BlueOvalSK joint venture, says GlobalData
Following the news that South Korean battery maker SK Innovation and Ford Motor have signed a MoU to form EV battery joint venture BlueOvalSK to manufacture battery cells and arrays in the US; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “With Blue Oval SK, […]
Adopting AI is crucial to combat the squeezed margins and potential volume decline of the automotive industry, according to GlobalData
Artificial intelligence (AI) will be a crucial tool in combating the squeezed margins and potential decline of volume in the automotive industry, according to GlobalData, a leading data and analytics company. Effective adoption of AI is the key to understanding and making use of the sheer amount of data that today’s increasingly connected cars and […]
Subscription model to make electric vehicles more accessible in Australia, says GlobalData
Following the news that global battery giant Sonnen GmbH has launched electric vehicle subscription service SonnenDrive in partnership with shared mobility brand Carbar in Australia; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers her view: “A vehicle subscription model that encompasses everything right from registration, maintenance, insurance, […]
Harley-Davidson accelerates job postings in 2021, gears-up to increase ridership, finds GlobalData
Harley-Davidson has taken a multi-pronged strategy to boost ridership, develop its dealer network, and to build customer-dealer relationships. Job positions in January 2021 indicate the company is strengthening its dealer network by advising on ways to increase sales and also consulting with dealers on how to boost product development, finds GlobalData, a leading data and […]