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Automotive

South Korea looks to strengthen position in global autonomous vehicles market with KRW1.1 trillion investment, says GlobalData

Following the news that South Korea has announced to inject KRW1.1 trillion (US$999m) to develop autonomous driving technologies; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading research and consulting company, offers his view: “In 2019, South Korea committed US$50.7bn to the autonomous vehicles industry by 2025 along with top OEMs, and later […]
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Beijing successfully steering China’s market recovery to EVs

Following the release of data from the China Association of Automobile Manufacturers (CAAM) that showed total vehicle sales in China last year declined by just 1.9% to 25.3 million units; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Sales of electric cars are picking up especially strongly in […]
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Volkswagen strengthens position in value chain of lucrative used vehicles segment in India, says GlobalData

Following the news that Volkswagen Finance Pvt. Ltd. (VWFPL) India, part of Volkswagen Financial Services, has acquired a majority stake in Chennai-based automotive fintech platform KUWY Technology; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “A key component of VW Group’s India 2.0 strategy, which targets […]
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Earth Ride strengthens Hero Electric competitive position in e-2W segment in India, says GlobalData

Following the news that India-based electric two-wheeler (e-2W) company Hero Electric has partnered with electric vehicle leasing start-up Earth Ride in India; Animesh Kumar, Director of Automotive and Travel & Tourism Consulting at GlobalData, a leading research and consulting company, offers his view: “In recent times, the electric two-wheeler market has witnessed the entry of […]
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Tesla to sustain growth momentum in coming years as it innovates faster than rivals

Tesla is the automaker of the future with its transformation towards smarter and cleaner mobility globally. The company’s innovation-driven approach and its high expenditure on capital ensures that it stays ahead of its peers. A continuing focus on new product development and product scaling, along with its plan to enter emerging markets, such as India, will help the company sustain its status as a leader in the coming years, says GlobalData, a leading data and analytics company. The […]
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Fiat Chrysler Automobiles looks to increase localization, reduce costs and grow SUV sales in India, says GlobalData

Following the news that Fiat Chrysler Automobiles (FCA) has announced an investment of US$250m to increase sales volumes and enhance portfolio in the lucrative SUV segment in India; Animesh Kumar, Director of Automotive and Travel & Tourism Consulting at GlobalData, a leading research and consulting company, offers his view: “Through the investment, which is in […]
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China holds key to the future success of Stellantis, says GlobalData

Following the news that the shareholders of Peugeot- Citroën (PSA) and Fiat-Chrysler (FCA) have approved the proposed merger to create Stellantis; Mike Vousden, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view:  “Stellantis’s leadership will be hoping the newly merged group can tackle some of the specific weaknesses that affected FCA and […]
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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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