Mexico (1) Sales grow fourth consecutive year in 2024, but growth slows Over 60% of vehicles imported from China, Brazil, India, etc. Summary 2024 sales performance: Sales growth slows to 9.8% y/y, with 66% of sales being imported vehicles Import performance in 2024: Chinese-made vehicles reach 30% of total imports Sales volume by segment: Shift from subcompact to slightly higher-end models; BEV/PHEV share at 1.5%. Trends in electric vehicle sale...

Market & Tech Reports  Updated at: 2025/04/30

Mexico: Chinese vehicles account for 30% of imports and 20% of sales “Near-shoring" encourages investment growth, but geopolitical concerns also emerge Summary Nearshoring drives investment growth, while uncertainty rises due to U.S. - China tensions Production and exports in 2023: 14% growth on the back of strong economies in North America and Mexico, for the second consecutive year Sales and imports in 2023: Sales up 24%; vehicles imported fr...

Market & Tech Reports  Updated at: 2024/06/14

ASEAN Vehicle Sales and Production Update (Q1 2024) 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- March 2024 Thailand BEV sales by OEM ASEAN News Topics (Q1 2024)   * An updated version of this ASEAN report will be released every quarter.   Related reports: Bangkok International Motor Show 2024 (3) VinFast, Europea...

Market & Tech Reports  Updated at: 2024/05/14

Indonesia: Utilizing Nickel to Build EV Supply Chain Wuling and Hyundai launch EVs; CATL, LG Energy Solution to produce batteries Summary Electrification policy: Production to reach 1 million BEVs in Indonesia by 2035 Battery manufacturers and Indonesian state firms collaborate to produce EV batteries Increasing number of EV charging stations to 30,000 by 2030 Hyundai Motor starts operations at new plant; Toyota, Mitsubishi and Daihatsu investing...

Market & Tech Reports  Updated at: 2023/01/27

Thailand: EV subsidies and tax incentives, Chinese OEMs launching budget EVs 2022 production expected to be 1.75 million due to semiconductor shortage and Ukraine war Summary Chinese OEMs launching reasonable EVs, Toyota releases its first EV-dedicated model bZ4X Thailand’s electrification policy: Booking for EVs and electric motorcycles surges with government’s EV subsidy programs Thai government’s incentives for EV battery production Ener...

Market & Tech Reports  Updated at: 2022/12/12

ASEAN: Promoting use and production of EVs to achieve carbon neutrality Thailand introducing incentive measures for EVs, Indonesia building battery plants with LG and CATL Summary Electrification policies: Thailand aims for EVs to make up 30% of auto production by 2030 Electrification policies: Indonesia to produce 400,000 EVs in 2025, 600,000 EVs in 2030 Electrification policies: Malaysia aims for EVs to account for 15% of auto sales by 2030 Ele...

Market & Tech Reports  Updated at: 2022/07/07

ASEAN Vehicle Sales and Production Update (Q3 2021) 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 2021 ASEAN News Topics (Q3 2021) * An updated version of this ASEAN report will be released every quarter. (Source: MarkLines Vehicle Sales Data based on statistical data from the automobile associatio...

Market & Tech Reports  Updated at: 2021/11/11

Thailand: Acceleration as EV hub, increasing battery production Increase in EVs on market, production to recover with drop in COVID and easing of chip shortage Summary Thailand’s electrification policy: Making the country an EV production hub by 2035 Targets for EV charging stations and battery production Production in January-September 2021 increases 25.9% to 1.21 million units, pickup truck output grows 27.5% Exports in January-September 2021...

Market & Tech Reports  Updated at: 2021/11/11

Indonesia: Battery production for 400k EVs in 2025; state and private enterprise collaboration Luxury tax cut to boost domestic demand, exemptions extended to the end of 2021 Summary Electrification policies: Starting production of EV battery cells in 2023 Indonesian government: Extending luxury tax break period Market trends: Sales volume for Jan.-Jul. 2021 rose 61% due to luxury sales tax breaks Export trends: Jan.-Jul. 2021 exports increase 38...

Market & Tech Reports  Updated at: 2021/10/20

Thailand: Resuming plan to be an EV hub in ASEAN region after COVID-19 pandemic Projecting output of 1.3-1.4 million units (down over 30%) in 2020, expecting car trade-in scheme Summary Thailand’s electrification policy: Becoming an EV production hub for ASEAN region by 2025 Production in January-July 2020 falls 43.8% to 695,000 units, exports decline 37.7% to 400,000 units Thai auto market: Sales of passenger cars and commercial vehicles fall ...

Market & Tech Reports  Updated at: 2020/10/02

Indonesia: Favoring EVs more than LCGC under revised luxury tax scheme Production and sales plunge in 2020 due to COVID-19 crisis, impacting heavily on exports Summary Electrification policies: Starting production of EVs in 2022, manufacturing EV batteries using nickel ore Market trends: Production in 2020 expected to be 700k-800k, sales to be below 600k Stimulus measures for automotive industry: Subsidizing interest on auto loans and providing I...

Market & Tech Reports  Updated at: 2020/08/25

Start of USMCA and Mexican automobile industry trends NAFTA revision aims to return manufacturing to U.S., but Mexico as export base continues to advance Summary USMCA: Aims to return manufacturing to the U.S. and create jobs Mexican market: Increased focus on manufacturing for export to the U.S., and reliance upon low-priced imports for domestic sales Mexican production and export trends: OEMs shifting production to light trucks for the U.S., wi...

Market & Tech Reports  Updated at: 2020/07/17

ASEAN: Thailand and Indonesia aim to be regional EV hubs, CASE businesses growing Manufacturing operations being reviewed, new plants to be built in Vietnam and Myanmar Summary Electrification policies: Thailand and Indonesia striving to become ASEAN EV hubs OEMs partnering with ride-hailing operators in Indonesia, and the expansion of field testing for autonomous vehicles in Singapore ASEAN: GM sells Thai plant to Great Wall, Hyundai to build ne...

Market & Tech Reports  Updated at: 2020/05/13

Thai government approves nine OEMs’ investment projects for electrified vehicles 2019 exports to fall due to US-China trade war; domestic sales picking up Summary Thai government approves nine OEMs’ investment projects for electrified vehicles Exports in 2019 projected to fall due to impact of US-China trade friction Thai auto market: sales of pickup trucks grow 20.6%; SUVs increase 43.8% SUBARU starts local production with Tan Chong; CV manu...

Market & Tech Reports  Updated at: 2019/07/08

Indonesia: Considering measures for the introduction of electric cars, automakers seeking incentives Production and export of MPVs expanded, Mitsubishi Xpander leaps ahead Summary Indonesian government promotes introduction of electric vehicles, sets up battery plant utilizing nickel resources Market trends: Domestic demand is at the level of 1.1 million units, increasing manufacturing and export sites for MPVs and SUVs Production trends: Rapid g...

Market & Tech Reports  Updated at: 2019/05/21

Honda's Product Plans: Aggressive introduction of electrified vehicles Strengthening of global models, re-release of the Civic and CR-V in the Japanese market Summary Introduction of electrified vehicles: Expansion of the implementation of the dual motor i-MMD system Advancement of the six-region global operation structure: Strengthening of global models and regional models Sales Forecast by LMC Automotive: Honda Group’s light vehicle sales in ...

Market & Tech Reports  Updated at: 2018/09/19

Thai vehicle production expected to grow to 2 million units in 2018 OEMs applying for Thai government's EV incentive programs Summary Exports in 2018 to potentially be affected by Vietnam and U.S. trade policies Thai sales of passenger cars grow 23.7%; pickup trucks rise 7.7% Thai government approves investment incentives for HV, PHV, and EV production SAIC Motor-CP builds a new plant; Subaru to start local production in 2019 Recent activities of...

Market & Tech Reports  Updated at: 2018/04/16

Indian Auto Expo 2018: Exhibitions from Maruti Suzuki, Hyundai/Kia, Honda, and Toyota Major OEMs show new SUVs and EV variants for Indian market Summary Maruti Suzuki displays concept with new design language Kia Motors unveils SP Concept Hyundai Motor India displays IONIQ EV Honda Cars India debuts 2nd-generation Amaze Toyota Kirloskar Motor showcases Yaris Auto Expo, which is jointly organized by the Society of Indian Automobile Manufacturers (...

Market & Tech Reports  Updated at: 2018/02/16

ASEAN: Vehicle sales recover, shifting from eco-car policies to EV incentives Thailand to introduce EV incentives, Malaysia leading with EEV policy Summary ASEAN: More than 3 million vehicle sales in five major countries, new vehicle sales recover in 2017 ASEAN: Thailand and Indonesia exports increase, Malaysia leads in the introduction of EVs ASEAN: Shifting from eco-car policies to EV incentives Australia: Domestic vehicle manufacturing ends, a...

Market & Tech Reports  Updated at: 2018/01/05

Indonesia: Market size recovers to a level of 1.1 million vehicles, local production advances OEMs expanding lineup of MPVs, Mitsubishi Motors' and Wuling's new plants come on stream Summary Market trends: New vehicle sales recover thanks to economic stimulus package, Japanese automakers take the lead MPVs: Composing roughly 40% of new vehicle sales, OEMs continue to release new models LCGC: Market size expands to over 200,000 vehicles, Toyota/Da...

Market & Tech Reports  Updated at: 2017/09/12