The mission of the Automotive industry – one of the most globalised industries – is to provide safe and accessible transportation for the world’s increasing population. The industry is one of the main engines of economic growth, with important multiplier effects both in upstream sectors such as metal processing, chemicals, and textiles, and in downstream sectors like ICT, trade and services. It is also one of the biggest innovators on a global scale, rapidly adopting breakthrough technologies that address the need for more efficient and environmentally-friendly transport solutions.
The Automotive industry involves the manufacturing of bodies, engines, parts and whole vehicles for ground transportation. Such vehicles include motorcycles, cars, light commercial vehicles and heavy commercial vehicles.
China’s car parts market saw sales revenue rise by 0.35% y/y to RMB 3.6tn in 2019, according to figures supplied by the China Association of Automobile Manufacturers (CAAM), collated from 13,750 car parts manufacturers ...View more details
In Q1 FY2022, the automotive output volume in India reached 4.51mn units. This figure was well below the average production volume of 6.67mn units reached over the last six quarters (from Q2 FY2020 to Q4 FY2021, excluding Q1 FY2021). On a ...View more details
In 2020, COVID-19 interrupted the Colombian automotive industry’s recovery experienced in 2018 and 2019, leading to poor performance in terms of output, sales, exports and imports. Despite the troubles, in 2020 Colombia kept its ...View more details
The COVID-19 pandemic aggravated the fragile situation of the Argentine economy, which experienced its third consecutive year of recession in 2020. In this context, motor vehicle production, domestic sales and export volumes dropped by 18.3%, 25.5% ...View more details
In FY2019, the main growth driver of the Indian motor vehicle industry was a solid increase of domestic demand, which grew at a CAGR of 8.7% between FY2016 and FY2019. Domestic demand accounted for an average 85.6% of total output during ...View more details
In Q1 2021, the automotive sector in China witnessed strong growth in terms of production and sales compared to the same period of 2020 when COVID-19 had a huge negative impact on the sector. The automotive production in Q1 2021 increased ...View more details
In Q4 2020, the automotive sector in China continued to improve in terms of production and sales on the back of economic recovery and stronger market demand. The automotive production increased by 8.8% y/y to 8.2mn units. Output of ...View more details
Indonesia is home to ASEAN’s largest market for two- and four-wheel vehicles and the second largest motor vehicle producer. A number of global automotive brands have opened production sites in the country or plan to do so. ...View more details
The COVID-19 pandemic severely impaired the operations of the Mexican automotive sector. It suffered from disruptions to global supply chains, lockdown restrictions and dwindling demand, both in the domestic market and the US – the ...View more details
Brazil’s automotive sector was among the industries hit hardest by COVID-19. It suffered from disruptions in global supply chains, lockdown restrictions and falling domestic vehicle sales. As exports also underperformed, mainly as a ...View more details