4,866 units (5.6% share), plug-in hybrid vehicles were up 119.8% to 15,829 units (6.0% share) and electric vehicles were up 200.7% to 21,019 units (7.9% share). Cumulative sales for the five months of the year were up 16.4% y/y to 1,148,201 units. On May 12, Scotiabank maintained its previous April forecast, estimating full-year Brazilian sales of 2.6 million units in 2026 and 2.68 million units in 2027. Sales increased during the month thanks to...

News  Updated at: 2026/06/13

Philippines’ 2026 vehicle sales outlook improves as CAMPI lowers decline forecast Reported on June 5, 2026, the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) revised its 2026 vehicle sales outlook, now expecting a 5–8% YoY decline, compared with its earlier forecast of an 8–10% drop. The revision follows signs of improving market conditions, with industry sales estimated at around 33,600 units in May, slightly higher t...

News  Updated at: 2026/06/10

yota Hilux with 3,982 units, Ford Ranger with 3,530 units, Fiat Fiorino with 3,105 units, VW Saveiro with 3,099 units, and Chevrolet S10 with 3,008 units. Cumulative sales for the first five months of the year were up 16.4% y/y to 1,147,712 units. On May 12, Scotiabank maintained its previous April forecast, estimating full-year Brazilian sales of 2.6 million units in 2026 and 2.68 million units in 2027. Fenabrave president Arcelio Junior said th...

News  Updated at: 2026/06/04

Hino and MFTBC's Archion plans for first-year revenue of JPY 2.425 trillion Archion Corporation, the holding company that owns Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and Hino Motors, Ltd. (Hino), announced on May 14 its financial forecast for the fiscal year ending March 2027, its first year in business, projecting revenue of JPY 2.425 trillion and operating profit of JPY 110 billion. Archion was listed on the Tokyo Stock Exchange Prim...

News  Updated at: 2026/05/15

al year 2025 on May 14th. Revenue increased by 8.0% year-on-year to JPY 6,293 billion, operating profit decreased by 3.1% to JPY 622.9 billion, and the operating profit margin was 9.9%. Profit attributable to owners of parent increased by 5.6% to JPY 439.3 billion. This was mainly influenced by the market condition in India becoming more active than initially anticipated following the revision of the Goods and Services Tax (GST). By responding sw...

News  Updated at: 2026/05/14

GlobalData blog: How the Iran war is driving Europe toward Chinese EVs 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 Electric Vehicles (BEVs) outsold Internal Combustion Engines ...

News  Updated at: 2026/05/13

e full year through efforts such as cost reduction, a revised pricing strategy, the launch of sales of the compact SUV "CX-5" in Europe and the United States, after a full model change for the first time in about eight years, and the introduction of electric vehicles (EVs) into rapidly electrifying markets. Global sales volume for the fiscal year decreased 6.1% year-on-year to 1,223 thousand units. This decline was mainly due to reduced productio...

News  Updated at: 2026/05/12

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