ponent export value is projected to reach USD 70 billion to USD 100 billion by fiscal year 2030. Key export markets, like the United States, Germany, Turkey, and the United Kingdom, account for approximately 40% of India's auto component exports, with a growing share from emerging markets such as Mexico, Brazil, and the United Arab Emirates. India has a USD 20 billion to USD 30 billion internal combustion engine (ICE) export opportunity by 2030...

Market & Tech Reports  Updated at: 2025/10/09

re between Toyota Industries and Denso, announced a USD 82 million expansion at its Parma, Michigan, plant. The joint venture (JV) produces electric air conditioner compressors for major automakers, using precision aluminum CNC (Computer Numerical Control) machining and automated assembly machines. Mexico-Now reported on June 12, 2023 that Denso will invest USD 13 million in its Silao operation in Guanajuato state and create 450 new jobs. This is...

Market & Tech Reports  Updated at: 2025/10/07

quipped with Chinese software and hardware, the Chinese Communist Party is expected to tighten similar restrictions on American-made products. This creates a challenging market environment for Tesla, which focuses on both the US and Chinese markets.   Currently, Tesla's FSD is permitted in Canada, Mexico, Puerto Rico, and the UAE. Many countries are conducting test runs in preparation for the introduction of FSD, but the outlook is bleak for cou...

Market & Tech Reports  Updated at: 2025/10/01

site Vietnam Manufacturing site Manufacturing siteR&D facility Pakistan Manufacturing site(Seat parts) Americas Argentina Manufacturing site Brazil Manufacturing site Manufacturing site Manufacturing site Canada Manufacturing site Manufacturing site Mexico Manufacturing site(Seat covers) Manufacturing siteR&D facility Manufacturing site Manufacturing site Manufacturing site USA Manufacturing...

Market & Tech Reports  Updated at: 2025/09/27

onda 56,619 72,041 91,457 109,147 106,108 96,938 99,549 Honda Acura 1 0 0 0 0 0 0 Brazil sub-total 56,620 72,041 91,457 109,147 106,108 96,938 99,549 Thailand Honda Honda 82,842 94,336 76,839 72,754 68,534 73,315 80,763 Malaysia Honda Honda 80,290 80,027 81,698 65,573 55,207 50,162 58,513 Mexico Honda Honda 39,095 37,791 42,336 40,049 36,738 40,797 42,611 Acura Acura 864 1,120 1,001 1,271 1,983 2,146 2,506 Afeela Afeela 0 0 0 0 55 8...

Market & Tech Reports  Updated at: 2025/09/26

On September 24, it was announced that the tax rate for the European Union (EU) would also be reduced to 15%, with the rate to be applied retroactively to August 1. On the other hand, South Korea's negotiations on investment in the U.S. have been difficult and no agreement has yet been reached.   Mexico will reportedly raise tariffs up to 50% on imports from China, India, South Korea, and other countries with which it has no trade agreements, w...

Market & Tech Reports  Updated at: 2025/09/26

clined by 3.3% YoY, and the selling rate slowed slightly, to 1.69 mn units/year, from 1.71 mn units/year in July. While the Canadian auto market has exceeded expectations for much of this year, consumers appear to be coming under increasing pressure, and sales are starting to show some softness. In Mexico, sales are thought to have expanded by a mere 0.4% YoY in August, at 133k units. Still, the selling rate accelerated to 1.65 mn units/year, fro...

Market & Tech Reports  Updated at: 2025/09/22

roduced to the market by FY26, aiming to become the de facto standard. Manufacturing site activities: 17 production sites for electric power steering (Japan: 2, Americas: 3, Europe: 3, Africa: 1, Asia: 3, China: 5) Breakdown Japan 2 (Hanazono Plant, Nara Plant) Americas 3 (U.S. (Tennessee), Mexico, Argentina) Europe 3 (France 2, Czech Republic) Africa 1 (Morocco) Asia 3 (India, Thailand, Malaysia) China 5 (Tianjin City; Xiamen City, Fujia...

Market & Tech Reports  Updated at: 2025/09/18

e, and other Western European countries, and also has some operations in the Czech Republic and Türkiye. It has a close relationship with European OEMs, and has also obtained orders from GM in the U.S. In recent years, it has established production facilities in countries such as China, Brazil and Mexico, and is strengthening its investment in emerging markets. The following shows the activities in terms of new construction, expansion, and integ...

Market & Tech Reports  Updated at: 2025/09/09

uentially in the future.   In 2024, Honda successively launched the Prologue in April and the Acura ZDX in May as its first mass-produced EVs in North America. Both models are supplied from GM's plants on an OEM consignment production basis, with the Prologue coming from the Ramos Arizpe Plant in Mexico and the Acura ZDX from the Spring Hill Plant in Tennessee, U.S. The batteries will be provided by Ultium Cells LLC, a JV between General Motors...

Market & Tech Reports  Updated at: 2025/09/03

ation 2024 expo, which was held in Hannover, Germany. Several solutions for commercial vehicles were presented. Manufacturing site activities 17 production sites (6 in Europe, 4 in the Americas, 5 in China, 2 in Asia) Europe 6 (Germany 3, France 2, Hungary 1) Americas 4 (U.S. 1, Brazil 1, Mexico 2) China 5 (Shanghai; Yantai City, Shandong Province; Wuhan City, Hubei Province; Nanjing City, Jiangsu Province; Jinan City, Shandong Province...

Market & Tech Reports  Updated at: 2025/08/21

sented a YoY gain of 1.3%, but the selling rate slowed to 1.71mn units/year in July, from 1.91 mn units/year in June. The Canadian market has shown a good deal of resilience in the face of economic uncertainty over recent months, but it was not surprising to see the selling rate decline in July. In Mexico, sales were estimated at 133k units in July, up by 4.0% YoY. The selling rate picked up to 1.62 mn units/year in July, from 1.58 mn units/year ...

Market & Tech Reports  Updated at: 2025/08/20

ese, the first group comprises 62.9% of the market, the second group 23.6%, and the third 5.4%. The table can be scrolled left and right. Group 1 China, U.S.A., 8 European countries (Germany, UK, France, Italy, Spain, Poland, Belgium, Netherlands) Group 2 India, Japan, Brazil, Canada, Korea, Mexico, Russia, Turkey, Australia, Indonesia Group 3 Thailand, Saudi Arabia, Malaysia, South Africa, Argentina, Philippines, Israel, Vietnam, Chile ...

Market & Tech Reports  Updated at: 2025/08/12

etnam Manufacturing site Americas Argentina Manufacturing site Manufacturing site Manufacturing site Manufacturing site Brazil Manufacturing site Manufacturing site Manufacturing site R&D facility Dominican Republic Manufacturing site Canada Manufacturing site Manufacturing site Mexico Manufacturing siteR&D facility Manufacturing site Manufacturing siteR&D facility Manufacturing site USA Manufacturing siteR&D facility Manufa...

Market & Tech Reports  Updated at: 2025/08/06

72,217 -6.7% 8.8% Vietnam 28,954 27,243 39,861 30,894 41,198 33.4% 5.0% Canada 16,092 23,644 22,101 32,605 35,993 10.4% 4.4% Taiwan 44,165 41,898 37,889 31,752 32,469 2.3% 3.9% Germany 47,543 40,322 36,860 20,587 30,044 45.9% 3.6% Thailand 59,625 48,922 53,138 37,511 28,436 -24.2% 3.5% Mexico 10,447 17,872 19,622 19,183 24,706 28.8% 3.0% China 75,001 66,006 33,579 8,957 - -100.0% 0.0% Other 203,595 227,647 200,545 152,876 165,815...

Market & Tech Reports  Updated at: 2025/07/30

ed by the Trump administration. The additional 25% tariff on automobiles and auto parts will be reduced by half to 12.5%, resulting in a combined tariff of 15% when combined with the existing 2.5% tariff. While tariffs on automobile imports from Japan will be reduced to 15%, tariffs on imports from Mexico and Canada that do not meet the USMCA (United States-Mexico-Canada Agreement) rules of origin will remain at 25%, and the American Automotive P...

Market & Tech Reports  Updated at: 2025/07/28

he past year or so. In North America, output was severely impacted by the new 25% US tariff on foreign-made cars from April 3, 2025, and the resulting retaliation from other countries, with nearly all models facing considerable YoY losses regardless of whether they are produced in the US, Canada or Mexico. Jeep was particularly affected (-62k units YoY) due to its large footprint in the region, while Chrysler and Fiat fell significantly as their ...

Market & Tech Reports  Updated at: 2025/07/28

atest update to the Global Light Vehicle (LV) market forecast has resulted in a significant reduction in projections, particularly for North America. The automotive sector is facing additional tariffs of 25% on imported vehicles and parts (though there are caveats to this on imports from Canada and Mexico), which are expected to raise vehicle prices in the US. While there is some expectation of easing these tariffs in the medium to long term, the...

Market & Tech Reports  Updated at: 2025/07/28

iffs. According to initial estimates, the Canadian Light Vehicle market sold 174k units in June 2025, representing a 3.6% YoY increase. Ford and General Motors, both growing 9.7% YoY, were key drivers of this growth. The Canadian selling rate went up to 1.9 mn units/year from 1.6 mn/year in May. In Mexico, sales were estimated at 123k units, down -1.5% YoY. The selling rate stood at 1.58 mn units/year. The Mexican market is expected to remain und...

Market & Tech Reports  Updated at: 2025/07/22

Mexico (2) Production and exports affected by U.S. tariff concerns Production and exports reach record highs in 2024, stalling in H1 2025 Summary Mexican auto industry outlook: Impact of Trump tariffs becoming apparent Production and exports: 2024 volumes were the highest ever, but export volumes are on the decline following the inauguration of the Trump administration GM: Producing three EV models, considering transferring some pickup truck prod...

Market & Tech Reports  Updated at: 2025/07/11