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Scotiabank forecasts 4% growth in global auto market in 2015 to 74M units, led by China

Green Car Congress

In its latest Global Auto Report , Scotiabank forecasts record global car sales in 2015, with the total market advancing 4% over 2014, reaching more than 74 million units. Global growth will mainly be driven by China, where Scotiabank expects auto demand to grow 7% in 2015 to 19.36 The industry delivered 16.5 Data: Scotiabank.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

in 2014 as a result of industrial overcapacity and weakness in the real estate sector. million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. For the APAC region in 2015, IHS forecasts that China’s economic growth will decelerate further, to 6.5% million units.

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Adani Group’s USD 1.2-bn copper plant to boost India’s metal production – ET Auto

Baua Electric

Copper is the third most used industrial metal after steel and aluminium, and its demand is rising on the back of fast-growing renewable energy, telecom and electric vehicle industries. million tonnes by 2027 on the back of huge demand from the green energy industry. Globally, copper production is more concentrated than oil.

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