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Automotive

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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Vehicle sales in India inching close to pre-COVID-19 levels with new model launches and festive season, says GlobalData

Following the news that India’s domestic vehicle sales witnessed a year-on-year increase in October 2020; Bakar Sadik Agwan, Senior Consulting Analyst at GlobalData, a leading research and consulting company, offers his view: “October emerged as the third continuous month to witness year-on-year increase in domestic sales volumes, indicating that the market is moving close to […]
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Ola’s entry into electric scooter segment set to boost electric mobility business in India, says GlobalData

Following the news that India-based shared mobility player Ola’s electric mobility arm, Ola Electric Mobility Pvt. Ltd, plans to foray into electric scooter manufacturing; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Electric two-wheelers, particularly electric scooters, offer unique opportunities in India and the segment […]
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Goldman Sachs and Houlihan Lokey were top M&A financial advisers by value and volume in automotive sector for Q1-Q3 2020

Goldman Sachs and Houlihan Lokey were the top mergers and acquisitions (M&A) financial advisers in automotive sector for Q1-Q3 2020 by value and volume, respectively. A total of 499 M&A deals were announced in automotive sector during this period, according to GlobalData, a leading data and analytics company. According to GlobalData’s M&A report, ‘Global and Automotive M&A […]
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Electric vehicle line-up expansion offers Mitsubishi significant opportunities in near-term, says GlobalData

Following the news that Japanese automaker Mitsubishi Motors plans to add more than five new battery electric vehicles (BEVs) and plug-in hybrid vehicles (PHEVs) to its product line-up starting this year; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Mitsubishi Motors is one of the […]
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