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Automotive

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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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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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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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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EESL investment in SWAG EV paves way for electric 2W with swappable batteries in India, says GlobalData

Following the news that India’s state-owned Energy Efficiency Services Limited (EESL) has announced to invest in Thailand-based e-mobility player SWAG EV; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “EESL’s investment in SWAG EV is expected to pave way for electric two-wheelers with swappable batteries […]
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Deployment of EV charging stations on highways and expressways will boost EV uptake in India, says GlobalData

Following the news that the Department of Heavy Industries (DHI) in India has invited an expression of interest (EOI) for the development of electric vehicle (EV) charging infrastructure on major highways and expressways; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Despite a wide EV portfolio […]
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Shared mobility faces major COVID-19 threat, says GlobalData

A new study by GlobalData, a leading data and analytics company, highlights the threat to the formerly buoyant ride-hail sector posed by changed consumer attitudes across the world due to the COVID-19 pandemic. Mike Vousden, Automotive Analyst at GlobalData comments: “In simple terms, the concept of shared mobility is now in question as consumers re-evaluate […]
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State-owned Indonesia Battery Holding to help build integrated electric vehicle industry in Indonesia, says GlobalData

Following the news that a group of state miners MIND ID and Aneka Tambang (ANTAM), state utility Perusahan Listrik Negara (PLN) and state oil company Pertamina have agreed to form a new venture — Indonesia Battery Holding; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “The […]
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Entry of leading OEMs conducive for growth of vehicle subscription segment in India, says GlobalData

Toyota Kirloskar Motor (TKM) has recently joined hands with Myles Automotive Technologies to expand vehicle subscription business for individuals in Delhi National Capital Region (NCR), Mumbai and Bengaluru. The entry of leading OEMs will create the much-needed thrust for higher vehicle subscription service uptake in India, says GlobalData, a leading data and analytics company. Animesh […]
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Tesla in running to buy stake in LG Chem’s battery division

Following the news that LG Chem operating profit for the third quarter is heading for a record high; Mike Vousden, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “South Korea-based LG Chem has recently overtaken China’s CATL and Japan’s Panasonic to become the world’s largest supplier of lithium-ion batteries for […]
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