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Following the news that the Association of Indonesian Automotive Industries (GAIKINDO) asked the government to temporarily exempt all tax collections related to cars; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Considering the decline in vehicle sales in 2019 as well as YTD 2020, the demand […]
UK vehicle market in recovery, but crunch time to come, says GlobalData
Following the news that the UK’s new car market was down 5.8% in the month of August, 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: “The August drop follows a year-on-year gain posted in July, […]
ASEAN vehicle sales plunge 66% in Q2 2020, yet sales will stabilise by the end of the decade
Sales of new vehicles in southeast Asia’s six largest markets combined are estimated to have declined by almost 66% to 291,889 units in the second quarter of 2020, according to GlobalData, a leading data and analytics company. David Leggett, Automotive Analyst at GlobalData, comments: “The ASEAN vehicle market largely shrugged off the threat of COVID-19 […]
Electric drive tech is working through to heavy commercial vehicles, says GlobalData
Following the news that electric commercial vehicle start-up Volta has shown its new a purpose built electric distribution and DAF has extended the range on its CF Electric; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “We’re certainly seeing growth of interest in electric powertrain solutions for commercial […]
GM and Honda’s deepening collaboration reinforces industry trend in wake of pandemic
Following the news that General Motors and Honda are to deepen their collaboration in North America to share common vehicle platforms and technologies in a strategic alliance; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The news from GM and Honda is not all that surprising. It builds […]
FTA review between ASEAN and India can unlock potential for automotive sector, says GlobalData
Following the news that ASEAN countries have agreed to review the ASEAN India trade in Goods Agreement (AITIGA); Bakar Sadik Agwan, Senior Automotive Consultant at GlobalData, a leading research and consulting company, offers his view: “India’s trade deficit with the ASEAN countries increased to US$ 23.88bn in the FY2020. Key reasons stated behind the increasing […]
GST reduction necessary for two-wheeler segment recovery in India, says GlobalData
Following the news that India’s Finance Minister agreed to consider the revision of Goods and Service Tax (GST) on two-wheelers and indicated that the matter will be taken up with the GST Council; Bakar Sadik Agwan, Senior Automotive Consultant at GlobalData, a leading research and consulting company, offers his view: “In FY2020, two-wheeler sales volume […]
OLX takes franchise route to strengthen position in India’s used car market, says GlobalData
Following the news that India’s leading online marketplace for selling used products, OLX, announced the launch of franchisee-led pre-owned car retail; Bakar Agwan, Senior Automotive Consultant at GlobalData, a leading research and consulting company, offers his view: “The entry of OLX in offline franchise-based retailing business with ‘OLX Autos’ is an extension of the company’s […]
COVID-19 hit Thailand automotive industry needs government support, says GlobalData
Following the news that automotive sales in Thailand declined by 24.8% year-on-year in July 2020; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Thailand, like most of the markets across the globe, witnessed a decline in the automotive sales during the COVID-19 pandemic. July 2020 domestic […]
Enhanced collaboration with Amazon to strengthen Toyota’s presence in mobility services, says GlobalData
Following the news that Japan-based Toyota Motor has expanded its global collaboration with Amazon Web Services with an eye on future car technology; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “The collaboration is a key move, which takes Toyota closer towards its aspiration of transitioning […]
China’s automotive industry bounce-back good news for global auto sector, says GlobalData
Following the news that the recovery in China’s auto sector is continuing with the vehicle production increasing by 11.2% year-on-year in the first ten days of August 2020, according to the data published by the China Association of Automobile Manufacturers (CAAM); David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his […]
Brexit concerns create double whammy concern for UK auto industry, says GlobalData
As the UK-EU negotiations for a post-Brexit trade deal resume for their seventh round in Brussels today; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “With the UK automotive sector facing decimated sales due to the COVID-19 crisis, the very real possibility of no-deal on free trade between […]
Sale of 2, 3-wheeler EVs sans batteries increase uptake and promote new business models, says GlobalData
Following the news that the Ministry of Road Transport and Highways India has allowed the sale and registration of electric two and three-wheelers without batteries; Bakar Sadik Agwan, Senior Automotive Consultant at GlobalData, a leading research and consulting company, offers his view: “The cost of ownership, along with the availability of adequate charging infrastructure, is […]
Hyundai and Aptiv JV points way for more collaborations in auto sector, says GlobalData
Following the news that the autonomous driving joint venture between Hyundai Motor Group and Aptiv has been launched with its official name and brand identity: Motional; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The coming together of these two companies illustrates the opportunities for exploiting complementary and […]
Despite decline in share, it’s not end of road for diesel engines in India, says GlobalData
Following the news that German auto maker Volkswagen plans to exit diesel vehicle segment in India; Bakar Sadik Agwan, Senior Automotive Consultant at GlobalData, a leading research and consulting company, offers his view: “OEMs are certainly not finding the diesel segment in India as lucrative as before. Market leader Maruti Suzuki and other players including […]
Delays in future model launches may impact Kia’s plant capacity utilization targets in India, says GlobalData
Following the news that Kia Motors expects delay in new model launches in India due to COVID-19 pandemic; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Launching a vehicle every six months is one of the key strategies of the South Korean automaker. Last year, the […]
COVID-19 pandemic breathes new life into electric scooters
The UK Government recently fast-tracked a permit to allow electric scooter rentals on public roads. The move forms part of a broader investigation into greener travel and overcrowding on public transport as the COVID-19 pandemic rages, according to GlobalData, a leading data and analytics company. Before the pandemic struck, the scooter industry was facing strong […]
July surge of UK vehicle sales put rest of Europe in the shade, but market expected to be 28-30% down at year end, according to latest research from GlobalData
July surge of UK vehicle sales put rest of Europe in the shade, but market expected to be 28-30% down at year end, according to latest research from GlobalData – July UK light vehicle sales totalled *203,000 – a whopping +10.6% YoY increase – Total UK light vehicle sales market expected to be **28-30% […]
July auto sales in Turkey impressive but sustainability remains a question, says GlobalData
Following the news that automotive sales in Turkey grew by 387.5% year-on-year in July 2020, according to Automotive Distributors Association Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “The surge in sales is impressive but not unbelievable in light of Turkey’s effective response to the COVID-19 […]
China’s auto industry shows signs of recovery after two-year slump, says GlobalData
Following the news that China auto sales are expected to rise year-on-year 15% in July 2020; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “The COVID-19 pandemic originated from China and naturally the country’s automobile industry suffered significantly in the first few months of 2020. The […]