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Nikkei: India passes Japan to become world’s No. 3 auto market in 2022

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India’s sales of new vehicles totaled at least 4.25 million sold in Japan, according to a Nikkei report. Adding December’s sales volume reported Sunday by Maruti Suzuki, India’s largest carmaker, brings the total to roughly 4.25 In Japan, 4,201,321 vehicles were sold in 2022, down 5.6% million units. million units.

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IHS Markit: global auto sales to drop 22% this year

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IHS Markit cut its forecasts for global light vehicle sales and production as the impact COVID-19 impact has depressed demand. According the new analysis, global light vehicle sales are now forecast to be 69.6 IHS Markit forecasts a similar decline for global light vehicle production, falling to 69.3 million units.

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India stays No. 3 spot in global car sales but Japan fast closing the gap | Autocar Professional

Baua Electric

3 position, Japan made a resounding comeback in 2023, registering growth of 14% growth in 2023 as against India’s 8 percent. Japan ended the year a shade below 4 million units, whereas India sold 4.11 From the sizeable difference of 344,058 PVs in CY2022, Japan has reduced the gap with India sales to 115,929 units in CY2023.

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ICCT report finds US domestic EV production and investment continues to fall; only 5% of global EV investment to go to US EV assembly plants

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The ICCT study finds that the United States’ share of cumulative global EV production decreased from 20% to 18% since 2010 and only 15% of the approximately $345 billion in global automaker EV investments are flowing to the US. Similarly, European manufacturing accounted for 25% of global EVs through 2020, up from 23% in 2017.

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Subaru introduces Solterra electric SUV at LA Auto Show

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Subaru of America revealed its first all-electric SUV, the 2023 Subaru Solterra, at the Los Angeles Auto Show. Solterra had made its global debut earlier in Japan ( earlier post ). The all-new Solterra will go on sale mid-2022.

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Honda targeting 100% BEV & FCEV sales in N America by 2040; new e:Architecture EVs coming in second half of this decade

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Honda last week announced key targets for sales of electrified vehicles in North America, with a plan to make battery-electric and fuel cell electric vehicles (BEVs and FCEVs) to represent 100% of its vehicle sales by 2040, progressing from sales of 40% by 2030 and 80% by 2035. Honda SUV e:prototype shown at Shanghai 2021.

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Jato Dynamics: global auto sales up 5.6% in 2016, SUVs continue to surge

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Global automotive industry sales rose 5.6% Declines in Japan, Russia and Brazil were offset by strong results in China and Europe, said Felipe Munoz, JATO’s Global Analyst. Global demand for SUVs continued, with significant sales increases in the segment across South East Asia, Europe and China.

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