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GlobalData

Automotive

Hyundai set to secure its position in next-gen mobility space with updated business strategy, says GlobalData

Following the news that Hyundai Motor has updated ‘Strategy 2025’ to accelerate transition into smart mobility solution provider; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Hyundai in the recent past has emerged as a key global automotive OEM with omnidirectional strategic approach. Despite being […]
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Tesla, GM and Toyota are best-placed for 2021 recovery

Tesla, General Motors (GM) and Toyota are the best-placed vehicle manufacturers to benefit from the automotive industry’s continued recovery from pandemic slowdown in 2021, according to a new study by GlobalData, a leading data and analytics company. Set against a range of strategic and operational data sets, these three companies came out on top. The […]
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Ola’s entry into New Zealand electric scooter market to offer new opportunities, says GlobalData

Following the news that ride-hailing major Ola plans to launch its electric scooter range in New Zealand; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “After announcing its entry into electric vehicle (EV) business through the acquisition of the Netherlands-based electric scooter manufacturer Etergo BV […]
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Daimler bets big on India, says GlobalData

Following the news that commercial vehicle manufacturer Daimler India plans to have 350 dealerships across the country over next two years; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The strong headwinds faced by the commercial vehicle industry in India due to COVID-19 and economic […]
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November vehicle sales in India maintain positive trend riding on healthy festive demand, says GlobalData

Following the news that automaker Maruti Suzuki reported 1.7% year-on-year (yoy) growth in November 2020 vehicle sales; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “India’s auto OEMs are on the path of recovery to the pre-COVID-19 levels as they have been witnessing positive growth […]
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Motor Vehicle Aggregators Guidelines 2020 conducive for long-term shared mobility growth in India, says GlobalData

Following the news that the Ministry of Road Transport & Highways in India has issued Motor Vehicle Aggregators Guidelines 2020 to regulate cab aggregators in the country; Animesh Kumar, Director of Automotive and Travel & Tourism Consulting at GlobalData, a leading research and consulting company, offers his view: “The guidelines present benefits to all stakeholders, […]
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Daimler eyes huge cost savings with Geely engine collaboration

Following the news that Daimler and Geely are to collaborate on developing and manufacturing next generation hybrid powertrains; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view:  “Cost saving is clearly a major driver here. GlobalData estimates that Daimler could achieve cost savings of up to EUR1,800 per vehicle […]
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2030 combustion engines ban requires joined-up thinking

Following reports that the UK Government is to bring forward a ban on the sale of new internal combustion engine (ICE) powered cars from 2040 to 2030; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Bringing forward the date for a ban on petrol and diesel cars to […]
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Tesla continues to execute on plan and impress

Following the news that Tesla is set to join the S&P 500 index in December, a development that boosted Tesla’s stock price; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The S&P 500 index inclusion draws attention once again on Tesla’s astonishing share price surge and market cap, […]
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Successful vaccines should lift global vehicle market in 2021

Following the news of progress on prospective COVID-19 vaccines, attention is turning to prospects for their deployment and subsequent positive economic impacts in 2021; Calum MacRae, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Currently, GlobalData’s base forecast for 2021 stands at 85.1 million global light vehicle sales, some 14.8% […]
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Hyundai bets big on SUVs for North America

Following the news that the Hyundai plans to launch twelve new SUVs for the North American market by 2021; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The launch of new models by 2021 is anticipated to attract further major volume sales for Hyundai in […]
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Chinese auto OEMs defy downward sales trend in Australia with right positioned products, says GlobalData

Following the news that the sales of China-made cars in Australia doubled year-on-year in October 2020; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Australia has been witnessing dwindled automotive sales since 2019 and the onset of COVID-19 further made things worse with highest year-on-year […]
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Thailand ready for second wave of EV investments with new set of manufacturing incentives, says GlobalData

Following the news that the Thailand Board of Investment (BOI) has approved new list of incentives for electric vehicle (EV) manufacturing; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “BOI’s new set of comprehensive manufacturing incentives/promotion package covering the entire EV ecosystem is a major […]
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