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Automotive

Growing need for personal mobility and strong rural demand boosting 2-wheeler sales in India, says GlobalData

Following the news that year-on-year two-wheeler sales decline in India narrowed in July 2020 as compared to previous month; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Most of the major two-wheeler manufacturers in India witnessed healthy wholesale volumes in July 2020. The top five OEMs […]
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Zoomcar’s partnership with ETO Motors for electric shared mobility is a win-win for both, says GlobalData

Following the news that Indian shared mobility giant Zoomcar has partnered with ETO Motors to boost electric mobility; Bakar Sadik Agwan, Senior Automotive Consultant at GlobalData, a leading research and consulting company, offers his view: “Zoomcar’s partnership with ETO Motors is aligned with the new business priorities that the company announced in late 2019. The […]
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Hyundai’s plans to ramp-up EV production aligned with new business priorities, says GlobalData

Following the news that South Korean car manufacturer Hyundai Motor plans to ramp-up electric vehicle (EV) production and introduce two new dedicated production lines; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Hyundai’s plans to ramp up EV production in South Korea is aligned with the […]
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Sullivan & Cromwell and Kirkland & Ellis were top legal advisers by value and volume in global automotive sector in H1 2020

Sullivan & Cromwell and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the global automotive sector in the first half (H1) of 2020 based on deal value and volume, respectively. Sullivan & Cromwell advised on two deals worth US$3.7bn, which was the highest among all advisers. Kirkland & Ellis led […]
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Renault will see sales surge for electric Zoe continue

Following the news that over the first half of 2020 Renault sold 37,540 electric Zoe cars in Europe, some 50% ahead of last year’s pace, making it Europe’s best-selling electric vehicle; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The electric vehicle segment is emerging as one of […]
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PSA in good shape for merger with FCA

Following the news that PSA Group has posted a positive profit result for the first half of the year despite the heavy impact of the COVID-19 pandemic and much reduced revenue; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “PSA has been working on reducing its break-even point […]
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Localization presents ‘medium to long-term’ clear benefits to Indian Automotive Industry, says GlobalData

Following the news that Indian Government officials met with the auto companies to discuss localization initiatives; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “There is a need for all the stakeholders in the Indian automotive industry to work closely and increase the push towards localization. […]
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Daimler taking the right actions on cost, says GlobalData

Following the news that Daimler has reported a widening Q2 loss amid sharply slower sales caused by the impact of the COVID-19 pandemic; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Given the scale of the drop to sales this year, this set of results isn’t too bad […]
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Indonesia’s vehicle sales to remain subdued in 2020, says GlobalData

Following the news that Indonesia Automotive Industry Association (GAIKINDO) reported month-on-month increase in vehicle sales in June 2020; Animesh Kumar, Director of Automotive Consulting at GlobalData, a leading research and consulting company, offers his view: “Indonesia has not yet flattened the COVID-19 curve as the number of positive cases remains high in the country. Presently, […]
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Deals activity picks up in automotive sector, says GlobalData

There has been an uptick in the number of deals announced in the automotive sector globally in the quarter ended June 30 (422 versus 370 in the previous quarter), says GlobalData, a leading data and analytics company. David Leggett, Automotive Editor at GlobalData, comments: “This uptick may have coincided with the worst of the COVID-19 […]
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China and electrified sales drive upbeat Volvo Cars prospects

Following the news that Geely-owned Volvo Cars has reported its first half financial results have been severely dented – including an operating loss of 989 million SEK – due to the impact of the COVID-19 crisis, but expects its business to recover in the second half of the year; David Leggett, Automotive Analyst at GlobalData, […]
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Global light vehicle market continues bounce-back in June

Global light vehicle sales fell by 19.1% in June, year-on-year, to 6.2 million for a seasonally adjusted annualised running rate (SAAR) of 73.1 million in the month, says GlobalData, a leading data and analytics company. Calum MacRae, Automotive Analyst at GlobalData, comments: “While these results are some way behind industry norms, they do demonstrate that […]
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Global light vehicle market to see 17.2% decline in 2020

The world’s light vehicle market is forecast to decline by 17.2% to 73.6 million units in 2020 due to the impact of the COVID-19 pandemic and its associated economic fallout, according to GlobalData, a leading data and analytics company. Calum MacRae, Automotive Analyst at GlobalData, comments: “This is a bigger one-off shock than witnessed in the […]
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