s and tax reduction.  Passenger vehicle sales in India (Source: MarkLines, Indian sales volume) According to GlobalData’s sales forecast (Q3 2025), India's light vehicle (LV) sales are projected to exceed 5 mn units in 2026 and surpass 6 mn units in 2030. The  volumes will grow at a CAGR of 4% over a seven-year period, totaling 6.8 mn units by 2032. However, we anticipate that there will be upward revisions in our next report to r...

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

ons/ pumps is also a reason behind the increase in CNG vehicle sales in India. According to the Petroleum and Natural Gas Regulatory Board (PNGRB) the country has 7,259 CNG Stations as of September 30, 2024. From FY 2021-22 (ending March 31, 2022) to FT 2023-24, the CNG station has increased from a CAGR of 24.41%.    Overall, PNGRB has authorized 307 geographical areas for the development of CGD (city gas distribution) infrastructure with a pot...

Market & Tech Reports  Updated at: 2025/11/19

es behind the innovations? The session “Overview of the Midi and Minibus Market: Commuter and School Bus Segments” revealed that many of the innovations on display are rooted in the rapid evolution of the smaller, more agile bus segment. Though a niche market, it is expanding at an estimated 5% CAGR, supported by evolving regulations and shifting transportation needs. Across regions, decarbonisation is a common link. In Europe, low emission z...

News  Updated at: 2025/10/27

hat xEVs will eclipse ICE vehicle production in the latter half of the decade, with BEVs emerging as the predominant xEV technology.  Hyundai Group We now expect Hyundai Group’s global production to decline slightly by 1% in 2025. Its long-term outlook has been downgraded to 8.0 mn units (+1.2% CAGR) for the period through 2032.  In the Asia-Pacific region, the Kia Seltos, Hyundai Creta, and Hyundai Elantra/Avante are expected to be the top...

Market & Tech Reports  Updated at: 2025/10/23

evelop a new generation of advanced driver-assistance systems (ADAS) suitable for China's road environment and plans to equip all future new models with this system.   In the Asia-Pacific region, Honda forecasts an increase in FHEV output from 463k units in 2024 to 589k units by 2030, reflecting a CAGR of 2.3%. Pure ICE fitment is expected to lead powertrain production in the Asia-Pacific region throughout this decade. However, the production sh...

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

sales from the second half of the year, recording a 29.3% increase y/y to 112,016 units. Guangzhou Automobile Group announced its five-year business strategy for the period from 2016 to 2020 at the Auto Guangzhou 2015. The company intends to achieve annual production and sales of 2.4 million units, CAGR of approx. 12% and sale amount of over CNY 400 billion, aiming to be a leading automaker. GAC Group announced on March 18 that it will make GAC G...

OEM Plants  Updated at: 2025/09/25

d the production and servicing of engines. The New Technology segment (formerly Green) will focus on e-products and hydrogen combustion engines. By 2030, Deutz aims to achieve total revenue growth of around EUR 4.0 billion. The Solutions segment is expected to grow at a compound annual growth rate (CAGR) of 30%. The New Technologies business is targeted to grow to over EUR 300 million in both areas organically and inorganically, while the Energy ...

Major Suppliers  Updated at: 2025/08/07

echnology and electricity from renewable sources. As part of the Global Battery Alliance, the company is helping to make the battery value chain more sustainable. (From a press release on August 28, 2020) Johnson Matthey announced that its business for fuel cell has grown strongly, with a 38% sales CAGR since 2015. Its customers include major global truck and automotive OEMs and leading players in the important and fast-growing Chinese market. It...

Major Suppliers  Updated at: 2025/08/06

he areas for foreign investors in Changa, Hwaseong. The company is planning to establish a capacity to produce commercial vehicle emission gas control technology products. (From some releases on May 26, 2018) Faurecia announced that by 2025, the Group targets EUR 30 billion of sales, representing a CAGR of above 8% vs. 2020. These sales include EUR 6.8 billion from the new value spaces in sustainable mobility and smart life on board. After three ...

Major Suppliers  Updated at: 2025/07/29

Warner announced that it has offered the growing hybrid and electric commercial vehicle market a broad product portfolio to help meet emissions regulations and fuel economy goals. The hybrid and electric commercial vehicle market is expected to experience a 32.9 percent compound annual growth rate (CAGR), increasing from 49,000 units in 2017 to 115,000 units in 2020. BorgWarner will showcase its broad range of combustion, hybrid and electric tech...

Major Suppliers  Updated at: 2025/07/28

from the start of April. Indeed, we expect VW Group’s US sales from imports to drop by 16% YoY over the last three quarters of 2025. Hyundai GroupWe now expect Hyundai Group’s global production to decline slightly by 1% in 2025. Its long-term outlook has been downgraded to 8.0 mn units (+1.2% CAGR) for the period through 2032. The automaker is reorganizing its Chinese plants to contribute more actively to its export business rather than sol...

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

nounced that its Transportation Systems Forecast sees OEMs adopting turbocharging technology at a rate of 48% of annual global sales by 2021, up 9% from 2016. The projected increase in annual sales of vehicles with a turbo from 38 million today to 52 million in 2021 equates to a 35% increase, or 6% CAGR (compounded annual growth rate) compared with a 2% CAGR for all global industry sales. This annual sales estimate will add more than 232 million ...

Major Suppliers  Updated at: 2025/07/02

to contract in Q2 2025 (-5.8% YoY) before rebounding in Q3 (+4.9% YoY), due mainly to positive base effects.Hyundai GroupWe now anticipate that Hyundai Group's global production will post flat growth (0% YoY) in 2025. Its longterm outlook, however, has been slightly upgraded to 8.15 mn units (+1.4% CAGR) in the period to 2032.StellantisStellantis’ global output is set to decrease by 7.9% YoY in Q1 2025, brought on by a 5.2% decline in Europe (-...

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

urope and North America, the group is likely to add more hybrid models to better respond to market demand.   Outlook: It is still projected that Hyundai Group's global production will decline in 2024 by 1% YoY. Its long-term growth outlook, however, has been slightly upgraded to 8.05 mn units (+1% CAGR) in the period to 2031.   Hyundai Group’s light vehicle sales forecast (GlobalData, Q4 2024) (Click here to download 78 countries forecast ta...

Market & Tech Reports  Updated at: 2025/04/07

s. As such, VW’s global output is predicted to contract in Q1 2025 (-8.1% YoY) and Q2 2025 (-7.6% YoY). Hyundai GroupIt is still projected that Hyundai Group's global production will decline in 2024 by 1% YoY. Its long-term growth outlook, however, has been slightly upgraded to 8.05 mn units (+1% CAGR) in the period to 2031. Renault‐Nissan‐MitsubishiWe estimate that RNM’s global output fell by 1.5% YoY in Q4 2024, contributing to a full-y...

Market & Tech Reports  Updated at: 2025/01/31

pectively. In the short term, electric hybrid demand will grow especially in Europe, giving way post-2027 to BEVs. Investment in advanced battery-cell chemistries is crucial to meeting this shift. Global battery demand for passenger cars and small vans is expected to reach 4 TWh by 2035, with a 14% CAGR globally and 17% CAGR in the UK and Europe. The report highlights the need for investment in Europe’s supply chain for cathode and anode active...

News  Updated at: 2025/01/22

fficiency, permanent magnet synchronous motors (PMSM), and AC induction motors, Chinese domestic motor manufacturers continue to increase investment in research and development to improve their products' global competitiveness. The motor market is projected to grow at a compound annual growth rate (CAGR) of approximately 7.5% over the next several years. Technological innovations, such as improvements in electric drive systems and battery technol...

Market & Tech Reports  Updated at: 2024/11/28

record-high model launches in 2024 aimed at addressing a lack of competitiveness, especially for its BEVs. Hyundai GroupIt is still projected that Hyundai Group’s global production will decline in 2024 by 1% YoY. Its long-term growth outlook has also been slightly lowered to 7.91 mn units (+0.8% CAGR) in the period to 2031. StellantisStellantis’ global output will likely have fallen by 16.0% YoY in Q3 2024 (-258k units), with the steepest de...

Market & Tech Reports  Updated at: 2024/10/29

"transformation of E/E architectures," the "spread of open source and de facto standards," the "spread of Connected and AI," and the "entry of IT players into the automotive industry" are occurring simultaneously.   A survey has revealed that the in-vehicle software market is expected to grow at a CAGR (compound annual growth rate) of 13.6% between 2023 and 2030, and most of the explosive technological innovation will be generated in the digital...

Market & Tech Reports  Updated at: 2024/10/22

s from investing to harvesting phase, and it move from manufacturing just components to components and products / systems involving technologies like AI, IoT and digital Industry 4.0. - Bharat Forge set a transformational vision target for year 2030. It is targeting •    Consolidated revenues CAGR (FY 2022-FY 2030) of 12-15% by creating balanced income streams across components and products / systems •    Consolidated EBITDA margin of ...

Major Suppliers  Updated at: 2024/10/18