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Automotive

Toyota counts India as next EV destination, observes GlobalData

Following the news that Toyota Group India has signed a MoU with the Government of Karnataka (India) to invest US$530m in electric vehicles (EVs); Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Toyota Group’s investment will boost the electric vehicle (EV) manufacturing ecosystem in India. […]
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Recovery for global auto market is on hold, says GlobalData

Following the release of data today by the Society of Motor Manufacturers and Traders (SMMT), showing that UK car production was down 32.4% in first quarter; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “The SMMT UK output numbers show that we’re still in the grip of supply […]
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Recovery for global auto market is on hold, says GlobalData

Following the release of data today by the Society of Motor Manufacturers and Traders (SMMT), showing that UK car production was down 32.4% in first quarter; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view; “The SMMT UK output numbers show that we’re still in the grip of supply […]
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Prolonged Russia-Ukraine conflict could further affect automotive production in Russia, says GlobalData

The ongoing Russia-Ukraine crisis has already caused supply disruptions at certain auto manufacturing plants in Russia. The prolonged conflict could lead to even more supply constraints and subsequent delays in automotive production and shipments, finds GlobalData, the leading data and analytics company. A contraction in sales in Russia in particular, but also now spreading to […]
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Global automakers earmark nearly US$600bn for EVs over next decade, finds GlobalData

Aggressive emission and carbon neutrality targets set by regulators worldwide entails a faster transition from traditional automakers to next-gen electric vehicle (EV) manufacturers. Therefore, automakers are committing operational investments of nearly US$600bn to secure their position in the future automotive market, says GlobalData, a leading data and analytics company. Broadly, the investments announced focus on […]
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Augmented reality set to become more disruptive in the automotive sector as the metaverse gains traction, says GlobalData

As autonomous vehicles become more widely available, augmented reality (AR) will become more disruptive in the automotive sector, says GlobalData. The leading data and analytics company notes that, with hype around the metaverse continuing to gain traction, AR-related technologies such as simultaneous localization and mapping (SLAM), facial recognition, and motion tracking will be vital for […]
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SAIC joins league of global automakers with US$43bn investment in next-gen mobility, observes GlobalData

Following the news that Chinese automaker SAIC Motor plans to invest US$43bn in advanced technologies through 2025; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “The move comes as a major encouraging development for the state-owned Chinese auto giant that will elevate its next-gen mobility […]
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Grab’s substantial Q4 loss reflects post-pandemic woes for shared mobility companies in APAC, says GlobalData

Following the news that Singapore-based Grab reported US$1bn loss in Q4 2021 on heavy incentive spending; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Southeast Asia’s shared mobility giant Grab, which has been transforming into a SuperApp, has observed revenue loss owing to massive spending […]
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Hyundai Motor accelerates APAC and global electrification plans with fresh investments, observes GlobalData

Following the news that Hyundai has announced an influx of new investments in the Asia-Pacific, Europe, and North America to fast-track the company’s electric vehicle (EV) business; Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view: “Hyundai Motor’s announced future strategies and the roadmap for electrification […]
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