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Southeast Asia market will become a competitive place for Chinese and Japanese car companies

Setec Powerr

Europe, the birthplace of the automobile industry, to North America across the Pacific Ocean, has always been the top stage that Chinese car companies hope to step on. However, the Southeast Asian market at home has recently become a new target for many car companies. A large market of 10 million vehicles.

Asia 97
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CarDekho Group eyeing 40% consolidated growth in FY25: Founder Amit Jain – ET Auto

Baua Electric

“About 4-5 years back we went to Indonesia, started our office, and expanded significantly, now is the time to go to new horizons so we can plant more seeds for future growth,” Jain said.

Auto 52
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Rebounding Mitsubishi expects North American profitability to surge

Baua Electric

In the meantime, creation of the Indonesia-built Xpander worth automobile to Mexico helps shore up industry in every other essential North American marketplace, the corporate stated. Mitsubishi, which lately kicked off a brandnew mid-term marketing strategy focused on international gross sales of one.1 billion yen ($277.5

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Volkswagen Group and Tata Motors Ltd. to explore strategic alliance for joint development projects; ŠKODA to lead

Green Car Congress

The first step will address topics such as the application of specific market knowledge as well as local development expertise. In the long term, the Volkswagen Group is looking to further expand its product portfolio in the fast-growing emerging markets. That is why we are systematically pursuing our regional growth strategy.

Motor 150
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VinFast’s (VFS) global EV dealer network grows following new agreement in Middle East

Baua Electric

Since parent company VinGroup opened up its automotive arm in Vietnam, we’ve witnessed VinFast continue to expand to new markets, including Indonesia, the US, Canada, Europe, and most recently, India – all while unveiling more all-electric models like the VF 3 compact SUV and an electric pickup concept called the Wild.

Dealers 52
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Honda to step up its game with new electric motorcycles and EVs

Teslarati

Battery electric vehicles (BEVs) are particularly making strides in the global automobile business. The legacy OEM also expects to launch the EM1 e: electric scooter, powered by Honda’s Mobile Power pack e: swappable battery in Japan, Europe, and Indonesia by 2023. Its 2030 goal is to sell 3.5

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India’s automotive aftermarket is likely to grow to USD 14 billion by 2028: ACMA-E&Y study  | Autocar Professional

Baua Electric

The market is expected to grow on a steady increase in vehicles, which is projected to grow at a CAGR of over 8% in the next five years from the current 340 million units. The research that covered 39 countries identified the top ten international markets where it sees a combined export potential of over USD 35 billion by 2028.