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Automotive

Efforts from all stakeholders strengthening electric vehicle ecosystem in India, says GlobalData

Concentrated efforts from the government and other stakeholders will boost the supply and demand of electric vehicles (EVs) and subsequently drive the adoption of the EVs in India, says GlobalData, a leading research and analytics company. Bakar Sadik Agwan, Senior Automotive Consultant at GlobalData, comments: “The latest developments in the automotive industry indicate that EVs […]
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State governments facilitating electric two-wheeler financing will boost EV adoption in India, says GlobalData

Following the news that New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) has sought expressions of interest from prospective electric vehicle (EV) suppliers to buy over 100,000 electric two-wheelers; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers her view: “The announcement is positive for the […]
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February a month of few surprises for West European vehicle sales

Following the publication of data by European automotive constructors’ trade body ACEA showing that new passenger car registrations in the European Union dropped by 19.3% in February; Calum MacRae, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “We track light commercial vehicles (LCVs) as well as passenger cars and February […]
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VW Group bets big on industrial scale to counter Tesla, says GlobalData

Following Volkswagen Group’s annual results conference for investors at which it set out its transformation to ‘new auto’ which includes the switch to electric drives; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view:  “Volkswagen is turning to its natural industrial strength – especially in the form of standardized […]
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UK auto sector looks to second half of year for real recovery

Following the news that the UK’s new car market was down 35.5% in the month of February, according to data released by the Society of Motor Manufacturers and Traders (SMMT); David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “February’s weak car sales result was no great surprise given […]
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Sustainability agenda now a key priority for automotive sector with 75% of OEMs discussing this theme in 2020

GlobalData’s Filing Analytics platform identified that around 58% of vehicle manufacturers discussed electric vehicles in 2020, while mentions of sustainability rose by around 57% in 2020 compared to 2019 Sustainability-related M&A and PE/VC deal volumes in the automotive sector increased by more than 50% in 2020 Eco-mobility weighs on hiring activity Sustainability will remain a […]
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Mitsubishi Motors rightly seeing new opportunity in Europe

Following reports that Mitsubishi Motors is considering a reversal of its decision to pull back from Europe and have its cars made at a Renault plant in France; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The pandemic is resetting automakers’ strategic compasses in many ways and creating […]
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Semiconductor shortages to impact auto industry recovery in 2021

GlobalData forecasts the global light vehicle market at 85.1 million units in 2021, 13.1% ahead of 2020’s pandemic-hit total. However, the year will be a tumultuous one for auto sales, with major market swings and considerable uncertainties ahead, according to Globaldata, a leading data and analytics company. Calum MacRae, Automotive Analyst at GlobalData, comments: “In […]
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