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Automotive
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.
Malaysia is the third largest manufacturer and market for motor vehicles, excluding motorcycles, in the ASEAN region, behind Thailand and Indonesia. The motor vehicle industry, including motorcycles, is dominated by passenger vehicles, which ...
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China’s automotive sector revenue in Q2 2018 experienced a slight drop of 0.8% y/y to RMB 2,077.8bn, mainly due to lower prices. At the beginning of 2018, the Ministry of Finance cancelled preferential policies on vehicle purchase tax and this ...
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Thailand is the largest producer of four-wheel vehicles in the ASEAN region and the 12th largest vehicle producer in the world. The strength of the industry lies in the combination of a long-standing presence of Japanese car manufacturers and solid ...
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The first quarter of 2018 started with significant trade tensions between the US and China, with president Trump increasing import tariffs for steel and aluminium from China and then asking for a USD 100bn cut in the trade surplus with China from ...
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India houses one of the fastest-growing auto industries in the world. The market has surged from INR 1.87tn in FY2008 to more than INR 5tn in FY2016, and the government expects it to grow to INR 19tn by FY2026. Autos accounted for 6.3% of ...
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Indonesia is the largest automotive market in the ASEAN region and the second largest motor vehicle manufacturer, after Thailand. In 2017, Indonesia’s automotive sector contributed about 2% to the country’s GDP and accounted for ...
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In 2017, China’s automotive sector showed signs of entering a maturity phase. The output and sales declined in the last quarter and large deals took place towards the end of the year, showing further sector restructuring and consolidation. At ...
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The third quarter of 2017 recorded a stable growth in the sales and output of motor vehicles, a more intense competition between major players, leading to lower prices and profit declines y/y. Imports grew faster compared to exports, showing a growth ...
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The sales revenue of China’s car parts sector is estimated to have reached RMB 3,456bn in 2016 – an increase of 7.6% y/y over 2015 – according to the latest annual growth estimates by the China Association of Automobile ...
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Thailand is the largest producer of vehicles in the ASEAN region and the 12th largest in the world. With a strong presence of Japanese manufacturers, Thailand is a key player in the global manufacturing network for Japanese vehicles. In the last ...
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