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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.
Policy support, improving consumer awareness and rising affordability have been fuelling the global electric vehicle (EV) market for more than a decade now. With sales rising in double digits, EVs are gradually eating up into the market share of ...
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Having weathered the initial impact of the COVID-19 pandemic, the automotive industry in Emerging Europe* encountered a fresh wave of obstacles in 2022. Global semiconductor shortages, rising raw material prices, and the energy crisis stemming from ...
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Russia is the fifth largest car producer in Europe due to its sheer size and motor vehicle production localisation policy, which has attracted major global automotive concerns such as Mercedes Benz, Volkswagen, Groupe PSA, Renault, ...
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Russia is home to the fifth largest car market in Europe and the ninth largest in the world. The automotive industry, however, takes less than half percent of the economy and employs just 3% of the manufacturing sector’s workforce. ...
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Russia has the tenth largest market for new passenger cars in the world and the 16th largest in terms of commercial vehicle sales, according to data from the International Organization of Motor Vehicle Manufacturers (OICA). Sales of passenger cars ...
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Proximity to Western European markets, low-cost skilled labour and favourable investment environment have turned Emerging Europe into a preferred location for major automotive producers and helped the region claim an increasing share of the global ...
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