which are expected to deliver high growth and high profitability. The company will also proceed with capital expenditure and other initiatives. Automotive engineering plastics have been positioned as a "stable profit business." The company will proceed with capital expenditure and repairs based on market trends. Within its flagship fibers & textiles business, the core operating income target for the “industrial applications” segment—which ...

News  Updated at: 2026/03/26

GlobalData blog: GlobalData revises forecasts down on Middle East conflict The conflict in the Middle East has continued to be a focus of concern through March 2026, and certainly since GlobalData’s Global Light Vehicle Sales Forecast (G LVSF) was published on March 10th, 2026. At the time of the G LVSF publication, we had reduced the forecast for the next few years to capture the evolving events.That adjustment focused on lowering the Middle E...

News  Updated at: 2026/03/26

Tesla The next five years will likely determine whether Tesla’s robotics strategy becomes a durable pillar of the company’s business model. From a cost perspective, current estimates suggest a unit price of around USD 20,000-30,000 per robot, while investment banks project significant long-term market potential. Morgan Stanley estimates a total addressable market of roughly USD 5 trillion, or up to 1 billion humanoid robots by 2050, while Gol...

News  Updated at: 2026/03/23

BMW Thailand flags Middle East tensions, rising oil as risk to Thailand’s auto market recovery Reported on March 20, 2026, BMW Group Thailand cautioned that the country’s automotive recovery may face challenges, as luxury car sales are expected to remain stable throughout the year. The company cited rising oil prices and Middle East tensions as potential pressures on consumer confidence that could influence spending, and said it is closely mo...

News  Updated at: 2026/03/20

Honda cuts FY2025 forecast, expects up to JPY 690 billion net loss as it reviews EV strategy On March 12, Honda Motor Co., Ltd. (Honda) announced that it expects its loss for the year attributable to owners of the parent (under IFRS) to be up to JPY 690 billion for the fiscal year ending March 2026. This represents a downward revision of up to JPY 990 billion from its previous forecast of a net profit of JPY 300 billion, a 64% decrease from the p...

News  Updated at: 2026/03/12

Porsche AG revamps Strategy 2035 amid challenging market outlook On March 11, Porsche AG announced at its annual press conference that it is updating their product strategy, simplifying its management structure, and reducing costs across the company. As part of its Strategy 2035, Porsche is considering expanding its product lineup to grow in higher-profit segments. This could include new models positioned above its current two-door sports cars an...

News  Updated at: 2026/03/11

GlobalData blog: Will the Iran crisis derail the European truck market’s recovery in 2026? Since Israeli and US missile strikes on Iran began on 28 February, the effective closure of the Strait of Hormuz has jeopardised global oil and gas transport and is resulting in sharply spiking oil prices that are translating into soaring fuel and heating oil prices. More than a quarter of all sea-borne crude oil is transported via the Strait of Hormuz (~...

News  Updated at: 2026/03/11

border trade activity in the near term. For the automotive sector, this typically translates into delayed purchases, tighter credit appetite and greater caution among fleet operators and distributors. OEMs and dealers may also face higher logistics and insurance costs, as well as greater difficulty forecasting demand and managing inventory. The updated forecast suggests that the region’s Light Vehicle (LV) market could fall to around 2.7 mn uni...

News  Updated at: 2026/03/11

GlobalData blog: Navigating the transition: How PHEVs fit into Asia-Pacific’s electrified vehicle market Plug-in Hybrid Electric Vehicles (PHEVs) have expanded rapidly across the Asia-Pacific region and are increasingly positioned as a practical alternative to Battery Electric Vehicles (BEVs), particularly in markets where charging infrastructure, pricing, and consumer confidence in BEV technology are still developing. With some models offering...

News  Updated at: 2026/02/24

a Medium-Term Management Plan through fiscal year 2028 (ending in March 2029). It will allocate JPY 450 billion for growth investments. The investment funds will be used to develop next-generation powertrain units for PHEV and EV, strengthen the company’s competitiveness in India and other growth markets, and make strategic investments in the aftermarket business. Aisin aims to achieve an operating profit of JPY 303 billion in FY 2028, an incre...

News  Updated at: 2026/02/20

output in the world.  That lead widened again in 2025. The country’s topline domestic Light Vehicle (LV) sales are estimated to reach a seven-year high of 26.9 mn units, up by 5.5% year-on-year (YoY) compared to 2024, aided by aggressive discounting and supportive government policy. However, the market’s red-hot momentum may be nearing a turning point as the government’s crack-down on the price war is stepping up, while subsidy bandwidth i...

News  Updated at: 2026/02/18

GlobalData blog: SIAT 2026: Engineering signals point to a broader, more disciplined EV launch cycle in India The Symposium on International Automotive Technology (SIAT) 2026 event in Pune provided clear signals on how upcoming vehicle launches and market growth in India are likely to evolve over the next few years. While the event was technical in nature, its emphasis on validation, safety, and digital engineering offers an important context for...

News  Updated at: 2026/02/10

Philippine vehicle market forecast to top 500,000 units in 2026, including non-CAMPI-TMA sales Reported on January 28, 2026, the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) projected that Philippine vehicle sales could surpass 500,000 units in 2026, reaching about 503,000 units, driven by rising demand for electrified and commercial vehicles. If achieved, total industry sales would grow 2.4% from the record 491,395 units s...

News  Updated at: 2026/02/03

Toyota Thailand eyes modest sales growth and stronger exports in 2026 On January 30, 2026, Toyota Motor Thailand released its 2026 forecast for the domestic automotive market, expecting it to remain broadly stable despite ongoing economic and financial constraints. The Thai auto market is forecast to reach 630,000 units, supported by government policies, new model launches, and improving investment activity. Toyota has set its 2026 domestic sales...

News  Updated at: 2026/02/02

GlobalData blog: Navigating 50% tariffs: strategic options for Chinese automakers in Mexico Starting in January 2026, Mexico officially raised tariffs on Light Vehicles (LVs) from 20% to 50%, applying only to countries that do not have a Free Trade Agreement (FTA) in place. While the change in rate affects many markets, we expect the most significant impact to be felt in China and India. These measures have been under discussion for months and we...

News  Updated at: 2026/01/30

nies invested in Advanced Driver Assistance Systems (ADAS) are navigating a game of hardware costs, software maturity, and regulation. To gain a clear view of which manufacturers will thrive in autonomous driving technologies, we have combined our “Component Services” and “Light Vehicle Sales Forecasts”, assigning ADAS fitment across nearly 3,000 vehicles to build an “Autonomous Levels* Forecast”. (See Autonomous Vehicles 2025). This ...

News  Updated at: 2026/01/19

we took the decision in the late summer of 2025 to alter our assumptions in this key policy area. At that time, we assumed that the flexibilities introduced around the 2025 target would be replicated for 2030 and 2035. In the case of 2030, our ‘guess’ turned out to be spot on, and for 2035 our forecast alterations also align pretty well with the proposals, though we will need to make some adjustments regarding which powertrain types will be ...

News  Updated at: 2026/01/14

Nikkan Jidosha Shimbun forecasts new vehicle sales to reach 4.66 million units in Japan in 2026 The Nikkan Jidosha Shimbun has forecast that the total new vehicle sales in Japan in 2026 will be 4.66 million units, a year-over-year (y/y) increase of 2.4% from its 2025 outlook. The market is likely to become active due to the launch of the vehicles unveiled at the “Japan Mobility Show (JMS) 2025” held in the autumn of 2025, and see a y/y increa...

News  Updated at: 2026/01/05

there are high hopes for developing carbon-neutral technologies that can be used in internal combustion engines, and then there are hydrogen engines and synthetic fuels (e-fuels) also. We are a leading manufacturer of parts for internal combustion engines, and proud of the fact that were have a 60% market share of cylinder liners worldwide. Q4. What do you think the size of the internal-combustion-engine market will be in 10 years? A4. While it i...

News  Updated at: 2025/12/16

VDA, Germany, expects 2% new car registrations increase to 2.9 million in 2026 On December 8, the German Association of the Automotive Industry (VDA) announced that the German passenger car market will not recover significantly in 2026. It expects a moderate increase of 2% to 2.90 million new registrations, around one-fifth less than in the pre-crisis year of 2019, citing the macroeconomic weakness. VDA anticipates nearly one million (979,000) ne...

News  Updated at: 2025/12/09