On May 22, the Kenyan President announced that the government is taking decisive measures to cushion Kenyans from high fuel prices caused by the conflict in the Middle East. The government has stabilized fuel prices through the Petroleum Development Fund and by cutting VAT from 16% to 8%. It is also accelerating inve
In an investor update, CIE Automotive India announced that its European operations carry a significant dependency on forged crankshafts, a product category that is not required in electric vehicles. To offset the potential long-term decline in crankshaft demand, the company is pivoting its European portfolio toward s
In an investor update, Ola Electric announced that the commercialization of the remaining 3.5 GWh of its Gigafactory, which has been delayed to June 2026 due to container shipment disruptions caused by the Iran war. The company targets approximately 2 GWh of production output by September 2026.
For FY 2027 (ending Ma
Announced on May 20, 2026, the Thai Automotive Industry Association (TAIA), together with the Department of Energy Business and oil distributors, held a press conference confirming that B20 diesel can be safely used in 1,135 vehicle models without affecting engine performance or manufacturer warranties. The compatibl
On May 17, GB Auto announced that performance across Iraq and Jordan remained impacted during the quarter by ongoing regional geopolitical tensions and softer market conditions, which continued to affect consumer demand, inventory dynamics, and overall market activity. As a result, its regional subsidiaries faced pre
Europe has established a policy framework to electrify its car market and curb its reliance on imported energy, and on the first count, it is delivering. In 2025, a fifth of all vehicles sold in Europe were electric, while 2026 is forecast to end closer to a quarter. March provided the clearest signal yet as Battery
On May 5, the European Automobile Manufacturers’ Association (ACEA) stated that the current instability in the Middle East and the volatility in global energy markets strengthen the case for accelerating the move away from fossil fuels in road transport. The current crisis highlights the need for concrete policy acti
Reported on May 4, 2026, Tri Petch Isuzu Sales is reassessing domestic and export sales targets as Middle East tensions disrupt trade routes, complicating shipments and making sales forecasting difficult. The conflict has weighed on Thailand’s pickup segment, which is largely dependent on exports to the region, with
Note: Some figures were updated on May 8.
According to preliminary figures compiled by MarkLines as of May 2, U.S. new‐vehicle sales in April 2026 (including estimated figures for GM, Stellantis, Tesla, etc.) totaled 1,374,365 units, down 6.0% year on year. The number of selling days in April was the same as a year e
On April 27, the Spanish Association of Automotive Suppliers (SERNAUTO) urged the Administration to take urgent, proportionate measures to address the industry impact of the prolonged war in the Middle East. It is impacting energy markets, global logistics, and the economic environment. Furthermore, supply chain disr
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