India-New Zealand FTA unlocks duty-free access for autos and components On December 22, India concluded a landmark Free Trade Agreement (FTA) with New Zealand. The FTA provides major duty-free access for Indian exports, protects sensitive domestic sectors, and supports inclusive and resilient economic growth. The FTA improves market access for Indian goods and also opens opportunities in the wider Oceania and Pacific Island markets. For the autom...

News  Updated at: 2025/12/23

e that are enhancing car production in Thailand, and also try to expand sales in the aftermarket. Moreover, Clarion is planning to export products to neighboring ASEAN countries and India where the market is expanding rapidly and even Europe by taking advantage of preferential trade agreements like FTA. The company also has plans to develop the Thai plant as its key operational base on a global scale for additional functions, including product de...

Major Suppliers  Updated at: 2025/12/10

nsumer spending power and tighter bank lending policies, driven by elevated household debt, continue to suppress demand. The company also called on the government to reduce import duties, pointing out that seven-seat vehicles are taxed at 80% and 11-seat models at 32%, while Chinese imports receive FTA exemptions, resulting in an unfair competitive balance. (From an article of Bangkok Post on December 4, 2025)...

News  Updated at: 2025/12/08

Busan plant as an export base for its SM3 Z.E.electric vehicle (EV.) The company plans to export the SM3 Z.E. to the areas with growing demand for sedans, mainly South America, and is considering additional investment in Busan plant. Starting with Chile, which has concluded a free-trade agreement (FTA) with South Korea, Renault Samsung will export cars to Hong Kong and Singapore in 2015, then to the European market. The company did not elaborate...

OEM Plants  Updated at: 2025/12/02

th respect to Strategic Investments (MOU). The two countries agreed that Korea will not be required to fund an aggregate amount of U.S. dollars greater than USD 20 billion in any calendar year.   Regarding tariffs, the U.S. will apply the higher of either the U.S.-Korea Free Trade Agreement (KORUS FTA) or U.S. Most Favored Nation (MFN) tariff rate, or a tariff rate of 15% on Korean goods for purposes of the reciprocal tariff provided under Execu...

News  Updated at: 2025/11/15

es and improving both vehicle standards and infrastructure.  At the valedictory session, the Commissioner for Trade and Economic Security, Interinstitutional Relations and Transparency, European Union, H.E. Maroš Šefčovič, announced that India and the EU are negotiating a Free Trade Agreement (FTA). The negotiation is expected to close by the end of the year. It will improve business ties between the two parties. It will promote investment, ...

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

h on onboard energy, the LFSe+ integrates a proven electric drive motor and power electronics from BAE Systems. On September 8, Nova Bus announced that its long-range 100% battery-electric bus, the LFSe+, has successfully completed the Bus Testing Program of the U.S. Federal Transit Administration (FTA). The successful completion of the tests performed allows Nova Bus to position itself strategically on the North American market. The LFSe+ buses ...

OEM Plants  Updated at: 2025/09/26

taking advantage of favorable policies, trade agreements, and as ways to bypass anti-dumping tariffs. The Ministry of Commerce highlighted car tires as a promising export product, noting that free trade agreements, including Regional Comprehensive Economic Partnership (RCEP) and the Cambodia-China FTA, have expanded market access.  Car tire exports currently account for around 4.18% of Cambodia’s total exports. (From an article of Khmer Times...

News  Updated at: 2025/09/26

plans to assemble the top EV version.   On December 18, 2019, BMW Group manufacturing Thailand announced that the company has officially inaugurated exports of the new BMW X5 SUV to China and the BMW R 1250 GS motorcycle to India. The shipments to these 2 countries are under Free Trade Agreements (FTA). Reported on March 1, BMW Thailand introduced the new BMW M340i xDrive at the starting price of THB 3.999 million. Locally-assembled at BMW’s R...

OEM Plants  Updated at: 2025/09/25

Thailand’s FTA trade in H1 2025 hits USD 44.79 billion, motor vehicles among top exports Reported on September 10, 2025, Thailand’s trade under free trade agreements (FTAs) continued to grow. According to the Department of Foreign Trade, in the first half of 2025, total FTA utilization reached USD 44.79 billion (around THB 1.4 trillion), or 79.64% of eligible trade, up 10.22% from the same period in 2024. Motor vehicles remained among t...

News  Updated at: 2025/09/11

ported to international markets, contributing to a EUR 100 billion trade surplus. The Mercosur deal will eliminate tariffs of up to 35% on EU-made vehicles, opening the doors to a market of around 3 million vehicles. At a time when access to other important markets is being restricted, the Mercosur FTA could lead to a threefold increase in EU-made automotive goods exports by 2040. The agreement also strengthens Europe’s economic resilience by s...

News  Updated at: 2025/09/04

, for level 3 autonomous driving, which is also scheduled for production in 2020 SF Motors, which plans to launch its first electric crossover, the SF5, in 2019, will also utilize the DRIVE AGX Xavier chip. The FAW Group is partnering with autonomous driving startup Plus.ai and Full Truck Alliance (FTA), a logistics company, to develop a driverless commercial trucking fleet planned for a large-scale truck-hailing service in 2021 using the NVIDIA ...

Major Suppliers  Updated at: 2025/07/28

on electric pickup trucks. A ministry source, speaking anonymously, said the proposal is part of a broader strategy to support local production of electric pickups. The higher tax would primarily affect EVs imported from China, which currently enter Thailand duty-free under a free trade agreement (FTA). However, if these vehicles lack a minimum level of local content, they could face higher excise taxes. Officials believe this move would help ba...

News  Updated at: 2025/07/21

restart while tackling sectoral challenges like no other. Recovery is difficult for all companies, but automotive is unique in facing immense technological shifts, business uncertainty and a fundamental change to trading conditions while dealing with coronavirus. The critical importance of an EU-UK FTA is self-evident for UK Automotive. Our factories were once set to make two million cars in 2020 but could now produce less than half that number, ...

Automotive Production Data  Updated at: 2025/07/16

will be raised to 67 percent. The expansion program was announced on the occasion of the first roll-off the line of the new "i20." The new "i10" will also get into production at the end of 2013. More than 90 percent of the products will be exported to countries in the Mideast, with which Turkey has FTA agreements, with the aim of achieving $2 billion yen annually in exports. Hyundai Assan will be the first company to enjoy benefit from the incent...

OEM Plants  Updated at: 2025/06/24

he LFSe+ buses for Calgary Transit is expected to begin in 2027 at Nova Bus’s manufacturing plants in Canada. On September 8, Nova Bus announced that its long-range 100% battery-electric bus, the LFSe+, has successfully completed the Bus Testing Program of the U.S. Federal Transit Administration (FTA). The successful completion of the tests performed allows Nova Bus to position itself strategically on the North American market. The LFSe+ buses ...

OEM Plants  Updated at: 2025/06/11

ge costs for dealers. Although demand will remain volatile, it is believed that disciplined inventory management, targeted incentives and easing loan interest rates will provide support going forward.   On May 6, the United Kingdom and India concluded talks on a comprehensive free trade agreement (FTA) that will benefit the auto industries of both countries. As part of the agreement, India will phase out 85% of tariffs on existing imports from t...

Market & Tech Reports  Updated at: 2025/05/26

UK-India trade deal to cut auto tariffs, boost bilateral automotive trade On May 6, the United Kingdom and India concluded talks on a comprehensive Free Trade Agreement (FTA) that is set to benefit the automotive sectors in both countries.  As part of the agreement, after staging over 10 years, India will eliminate tariffs on 85% of tariff lines covering 66% of existing UK exports. The deal covers tariff reductions on components such as auto par...

News  Updated at: 2025/05/07

ted circuit boards (PCBs). Swedish businesses were encouraged to expand their investment in Thailand, particularly in sectors where Sweden has strengths, such as electric vehicles (EVs), clean energy, and sustainable products. Both sides also exchanged views on the Thailand-EU Free Trade Agreement (FTA) negotiations, which have been progressing satisfactorily.In 2024, bilateral trade between Thailand and Sweden was valued at USD 1.247 billion (ap...

News  Updated at: 2025/04/29

for 50 New Flyer zero-emission buses. The order consists of 40 Xcelsior CHARGE FC 40-foot hydrogen fuel cell-electric buses and 10 Xcelsior CHARGE NG 40-foot battery-electric buses. The units were added to NFI’s Q4 2024 backlog and are supported by a combination of Federal Transit Administration (FTA) and local funding. OCTA manages key transportation infrastructure for 3.2 million residents across 34 cities in Orange County, delivering more th...

News  Updated at: 2025/02/27