ASEAN (2) Increase in Chinese car production Sales in Thai and Indonesian markets decline, electric vehicles grow Summary ASEAN vehicle production: Four major countries produce 4.1 million units in 2023, down 1% from 2022 Thailand and Indonesia export 1.12 million and 510,000 vehicles, respectively, in 2023 ASEAN new vehicle sales in six major countries decline 0.7% to 3.4 million units in 2023 Sales Forecast by GlobalData: ASEAN sales to grow to...

Market & Tech Reports  Updated at: 2024/10/02

Thailand: Chinese OEMs to build EV production facilities Government to reduce EV subsidies in new incentives for 2024-2027 Summary Thai government: EV subsidies reduced from 2024, EV importers required to produce EVs locally Chinese OEMs: JAC and Changan Automobile enter Thai market, EV local production to commence Incentives for EV battery production EV sales in Thailand for 2023 account for 9.3% of overall vehicle sales 2024 production in Thail...

Market & Tech Reports  Updated at: 2024/03/05

Thailand International Motor Expo 2023 (2) Pickup trucks lineup and electrified vehicles from Japanese OEMs Summary NEX Point: MINE BEV Pickup truck Toyota: All-new Hilux Champ pickup Mitsubishi: All-new Triton pickup Isuzu: MU-X PPV and D-Max V-Cross pickup Ford: Ranger Raptor pickup Jeep and Maserati models Tata: Super Ace truck Lexus: RX 500h F SPORT Performance HEV Honda: Accord e:HEV and lineup of e:HEV models Nissan: Kicks e-POWER Suzuki: S...

Market & Tech Reports  Updated at: 2023/12/27

ASEAN Vehicle Sales and Production Update (Q3 2023) 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 2023 Thailand BEV sales by OEM ASEAN News Topics (Q3 2023)   * An updated version of this ASEAN report will be released every quarter.   Related reports:Global Motorcycle Production and Sales: Overview of Ind...

Market & Tech Reports  Updated at: 2023/11/15

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

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

l 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 growth of Mitsubishi and Chinese automakers, commercial vehicle production also expands Domestic market: MPV sales account for about 40% of the total, SUV competition intensifies Mitsubishi Motors: Expands production and sales of Xpander Wuling: Introduces 4 models within 2 years aft...

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

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

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

Thai production expected to increase 2.6% to 2 million units in 2017 Exports to remain flat due to global downturn even as Thai market recovers Summary Exports to the Middle East decrease significantly for the period January-October 2016 Market leader Toyota's share declines to 31.7% due to weak sales of new Hilux Thai government approves EV promotional package; implements commercial vehicle tax incentive scheme Honda starts operations at new pla...

Market & Tech Reports  Updated at: 2017/01/30

Toyota to make Daihatsu a 100% subsidiary; entrusts A-segment development Daihatsu technologies become core for strengthening emerging market operations Summary Toyota to make Daihatsu a wholly-owned subsidiary; Daihatsu to lead Group A-segment car development Cooperation between Toyota and Daihatsu until the present Toyota's vehicle sales by region: declining sales in Asia and other emerging markets Production Forecast by LMC Automotive: Toyota ...

Market & Tech Reports  Updated at: 2016/03/28

Indonesia: economic stimulus measures may boost sales in H2 2016 OEMs striving to improve cost competitiveness and increase exports in response to domestic slowdown Summary Indonesian government: launching economic stimulus measures to revitalize consumer spending Domestic sales: OEMs see significant declines; Honda experiences slight drop thanks to HR-V and Mobilio Domestic production: Suzuki launches new factory in 2015; Mitsubishi to open new ...

Market & Tech Reports  Updated at: 2016/03/18

Thai production in 2015 increase 3-4% to 1.93-1.95 million units Thai market shrinks due to front-loaded demand; exports now account for 60% of production volume Summary Production of eco-cars increases 47% between January and October 2015 Market leader Toyota retains a 34.1% share Investment plans approved for second phase of eco-car project; new excise tax scheme in 2016 Honda postpones commercial launch at its third plant; SAIC Motor-CP to bui...

Market & Tech Reports  Updated at: 2015/12/16

Japanese suppliers in Thailand: Strengthening production capacity and R&D function Activities of Aisin AW, Akebono Brake, Sumitomo Rubber Industries, Toyota Boshoku, NSK and others Summary New plant construction by Aisin AW, JSP, Daido Steel, Pioneer, and others Increase in production capacities by Sumitomo Rubber, NSK, and others Expansion of production items by Kobe Steel, Toyota Boshoku, and others Business reorganization, new regional headqua...

Market & Tech Reports  Updated at: 2015/09/17

Toyota: Record high operating income of JPY 2.7 trillion expected for FY 2015 Continuation of profit improvement activities for sustainable growth Summary Record-high operating income of JPY 2.7 trillion forecast for FY 2015 North America increases net revenues and operating income by region Toyota Group's global vehicle sales in CY 2015 declining 1% to 10.15 million units Reorganizing Toyota Group parts suppliers Sales Forecast by LMC Automotive...

Market & Tech Reports  Updated at: 2015/03/13

Indonesian vehicle sales in 2015 forecast to remain flat at 1.2 million units Mitsubishi to build plant; GM to close Bekasi Plant and open new JV plant with SAIC Summary Toyota Group's market share declines to 49% while Honda expands share with Mobilio Indonesian government changes fuel subsidy policy Local production by major automakers Toyota Group (Toyota and Daihatsu) in Indonesia Honda, Suzuki, Mitsubishi and Nissan in Indonesia GM, VW, BMW ...

Market & Tech Reports  Updated at: 2015/03/11

India (Part 2): OEMs plan to launch models with strong local potential Stagnant Tata, Mahindra, GM, Ford and VW strive to gain market share Summary Tata Motors: to launch broad range of all-new models Mahindra & Mahindra: to strengthen UV lineup and open technical center in U.S. Hyundai Motor: to reduce export to Europe and to focus more on local sales in India Toyota: planning Etios-based mid-size sedans Renault-Nissan Alliance: launches Datsun ...

Market & Tech Reports  Updated at: 2014/10/31

Japanese suppliers in Thailand continue to expand production and R&D capacities Activities of H-One, Calsonic Kansei, GS Yuasa, JTEKT, Taiho Kogyo, Teijin, and others Summary Establishment of new plants by Jatco, Teijin, Topre, and others Expansion of customer base and establishment of regional hubs Expansion of production capacities by H-One, Calsonic Kansei, and others Expansion of production items by JVC Kenwood, JTEKT, and others  This repor...

Market & Tech Reports  Updated at: 2014/09/03

Indonesia: LCGC program boosts production and sales of compact cars Toyota and Honda start operations at new plants; GM resumes local production Summary Japanese OEMs account for 91.8% while Toyota Group gains 52.6% in 2013 auto market Low Cost Green Car (LCGC) policy approved in July 2013 Toyota group expands annual production capacity Honda, Nissan Suzuki, Mitsubishi and Mazda in Indonesia GM, Renault, Proton and Tata in Indonesia Heavy commerc...

Market & Tech Reports  Updated at: 2014/04/16

Toyota: FY 2014 forecasted profit is highest since Lehman Brothers crisis Expects to sell 5 million Toyota and Lexus branded vehicles in emerging countries Summary  Operating profit of JPY 2.2 trillion forecast for FY 2014 Toyota Group's sales plan for 10.10 million units in FY 2014 Organizational change to ensure clearer earnings responsibility and faster decision-making Increasing vehicle production capacities in emerging countries Producing m...

Market & Tech Reports  Updated at: 2013/11/20