e building industrial clusters in Thailand as local production by finished vehicle OEMs goes into full swing. Chinese suppliers entering Thailand between the end of 2024 and 2025 focused primarily on the core areas of chassis, powertrain, and electrification. This move is not only meant to meet the ASEAN Free Trade Agreement (AFTA) tariff exemption requirement of at least 40% intra-regional Regional Value Content (RVC), but also to deploy Chinese...

Market & Tech Reports  Updated at: 2026/02/24

ASEAN Vehicle Sales and Production Update (Q4 2025) Improving thanks to EV policy support and strong year-end demand, with Chinese OEMs on the rise Summary Vehicle Sales Volume by Country Vehicle Production Volume by Country Commentary on Sales and Production Volume, January - December 2025 Thailand BEV sales by OEM ASEAN News Topics (Q4 2025)   * An updated version of this ASEAN report will be released every quarter.  * Sales data for Thailan...

Market & Tech Reports  Updated at: 2026/02/20

the top spot for the first time. Market share in 2025 is 29.3% for Chinese OEMs, 24.0% for Japanese OEMs, 19.2% for European OEMs, and 14.9% for U.S. OEMs.   In addition to expanding their domestic market, Chinese OEMs are accelerating their overseas expansion, particularly into emerging regions (ASEAN, Latin America, Central Asia, Africa, etc.), and are also actively promoting local production. Trends of global sales volume share(Source...

Market & Tech Reports  Updated at: 2026/02/09

t exporter in CY 2024, only behind China, Germany, and Japan. India is a major producer of entry-level motorcycles and scooters, which is reflected in its export focus.   Most Indian two-wheelers are exported to developing and emerging economies, with Africa, Latin America, SAARC (South Asia), and ASEAN countries being the main import markets. In CY 2024, Mexico, Colombia, Nigeria, Guatemala, Nepal, Brazil, the Philippines, Türkiye, Bangladesh,...

Market & Tech Reports  Updated at: 2026/01/30

L. Meanwhile, the GL variant is powered by a 1.5-liter K15B DUALJET petrol engine delivering 105 hp and 138 Nm, paired with a 4-speed automatic transmission, achieving 17.2 km/L.   Adding to the excitement, Suzuki unveiled a specially modified all-new Fronx race car, marking its debut as the first ASEAN-spec FRONX prepared for competition. Developed in collaboration with KTN Garage Racing, a seasoned racing team with over a decade of experience ...

Market & Tech Reports  Updated at: 2026/01/27

eed of 170 km/h. Its 69.9 kWh LFP battery supports DC fast charging up to 84 kW, reaching 30–80% in just 30 minutes. The car’s driving dynamics are fine-tuned in collaboration with Maserati, and the Cell-to-Chassis 2.0 architecture balances performance, handling, and ride comfort.   Making its ASEAN debut in Thailand in October, the all-new Leapmotor B10 is a C-segment electric SUV available with 56.2 kWh or 67.1 kWh battery options, offerin...

Market & Tech Reports  Updated at: 2026/01/16

Global Motorcycle Production and Sales: India, China, and ASEAN Motorcycle sales in India and China exceed 19M units; new EV models continue to be introduced Summary Global motorcycle demand and production volume India: Motorcycle production at 23.9 million units; electric motorcycle sales exceed 1.2 million units China: Motorcycle production 19.97 million units, electric vehicle sales decrease, large-displacement vehicle sales increase Indonesia...

Market & Tech Reports  Updated at: 2025/12/25

es vehicles in China. The F3T-B is a mid-size vehicle still under development (L/W/H dimensions are 6/2.2/3.1m in the van pictured) with 103kWh batteries, a reported payload of 3 tons (GVW 6t), and a drive motor with peak output of 115kW. Photo ③The Quester is a heavy-duty truck produced in ASEAN and targeted at emerging countries, including South Africa. Due to the demands of the destination, the 2026 model complies with Euro VI. Engine ...

Market & Tech Reports  Updated at: 2025/12/16

hicle speed follows afterwards, so they shy away from CVTs. In terms of automated gearboxes, 8- to 9-speed multistage ATs and DCTs (dual-clutch transmissions) seen at VW and other companies are the mainstream, replacing 7-speed and lower gearboxes. While AT and CVT systems are the norm in the U.S., ASEAN and India, DCTs along with ATs are mainstream in the markets of Europe and China. One reason for this is that DCTs are built based on MT archite...

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

the density and convenience of the charging network. The government proposes expanding the number of public charging stations to 300,000 by 2030 and installing fast charging stations with outputs of 90 to 150kW on the highway network, significantly improving the convenience of long-distance travel. ASEAN   In this white paper, the Southeast Asian (ASEAN) countries selected for analysis were Singapore, Thailand, Vietnam, Malaysia, and Indonesia. ...

Market & Tech Reports  Updated at: 2025/12/02

over the next five years, with a total investment of JPY 150 billion for research and development and JPY 130 billion for capital investment. In terms of battery procurement, the company will invest a total of JPY 210 billion by 2030 to secure 15GWh, and will concentrate its management resources in ASEAN and Oceania. In Japan, no new vehicles have been launched after the EK-Cross EV in 2022, but local production of electrified vehicles in ASEAN c...

Market & Tech Reports  Updated at: 2025/12/01

ASEAN Vehicle Sales and Production Update (Q3 2025) ASEAN Countries Automotive News Top Rank Topics Summary Vehicle Sales Volume by Country Vehicle Production Volume by Country Commentary on Sales and Production Volume, January - September 2025 Thailand BEV sales by OEM ASEAN News Topics (Q3 2025)   * An updated version of this ASEAN report will be released every quarter.  * Sales data for Thailand, Malaysia and Vietnam include revisions from ...

Market & Tech Reports  Updated at: 2025/11/25

s   xEV sales  in Asia-Pacific (non-China) region in 2025 are forecast to accelerate to nearly 4 mn units, about 26% of the region’s LV sales (+22% YoY). BEVs will be the primary driver, with over 913k units expected (+61% YoY), supported by competitively priced models in markets such as India, ASEAN and Korea.    BEVs are now expected to account for roughly 19% of LV sales by 2030. Overall, xEVs are projected to represent 49% of LV sales b...

Market & Tech Reports  Updated at: 2025/11/20

nounced the establishment of a new manufacturing company, Nihon Plast Vietnam Co., Ltd., in Binh Phuc Province, Vietnam, with the aim of improving its price competitiveness and expanding production capacity for steering wheels, airbag modules and interior and exterior plastic parts in Japan and the ASEAN region. Operations at the new plant commenced in April 2020. With this, the new company is Nihon Plast’s third manufacturing company in the AS...

Market & Tech Reports  Updated at: 2025/10/27

Inc." and will serve as a foothold for the company to enter the Philippine market. In addition to the existing business for motorcycles, the company will expand its business to four-wheeled vehicles in the future and strengthen its local supply organization as a manufacturing base for lamps in the ASEAN (Association of Southeast Asian Nations) region. The company is capitalized at approximately JPY 84 million. Acquisition of U.S. company HexaTec...

Market & Tech Reports  Updated at: 2025/10/20

ampering its growth in advanced key technology sectors like e-mobility, ADAS, etc. India has higher logistics costs compared to other countries in Asia, such as China, Thailand, and Vietnam. Thailand and Vietnam gain wider market access through RCEP (Regional Comprehensive Economic Partnership) and ASEAN+ agreements, while India falls behind due to slower trade deals and a limited role in global agreements. MSMEs face serious challenges like capi...

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

lting 51 Seats, seat components China Lear Dongshi TACHI-S Automotive Seating (Wuhan) Co., Ltd. Wuhan (Hubei) ● 34 (34) Lear Dongfeng Automotive Seating 51, Tachi-S (China) Co., Ltd. 34, Zhongmou Yonghua Information Consulting 15 Seats Thailand Tachi-S (Thailand) Co., Ltd. Bangkok ○ 100 ASEAN and India regional headquarters Thailand Tachi-S Automotive Seating (Thailand) Co., Ltd. Samutprakarn ● 100 Nissan Thailand, Mitsubishi Tha...

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

allocating more resources to hybrid vehicles, which have seen favorable sales globally. In the Asian market, the automaker will continue to emphasize BEV development, as competitiveness in the BEV sector remains crucial, especially in China. Competition with Chinese OEMs is also intensifying in the ASEAN market.   For 2025, it is anticipated that its global output will decrease by 5% to 3.6 mn units, with production increasing in all regions exc...

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

Civic e:HEV Accord e:HEV Prelude Concept Super EV Concept MMC   MMC（Mitsubishi Motors Corporation）is doing relatively well among Japanese manufacturers, and according to some reports, it is maintaining its plant operating rates by exporting the Xpander to neighboring ASEAN countries.   Just before GIIAS, the Destinator was announced for the first time, so it attracted much attention. Prices range from IDR 385 mill...

Market & Tech Reports  Updated at: 2025/09/19

crease in both sales and profit, with operating profit of JPY 1,213.5 billion (down 12.2% year-over-year (y/y)) on sales of JPY 21.6888 trillion (up 6.2% y/y) and an operating profit margin of 5.6%. Sales of HEVs are expanding, despite being affected by a decline in sales volume mainly in China and ASEAN countries and increased incentives for EV sales in North America.  The FY2025 outlook, as of May 2025, projected operating profit of JPY 500 bi...

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