Easing of lockdowns in many international locations coupled with stimulus packages to support economic revival seems to have began benefitting the region’s automotive industry. Vehicle shipments reached near 2.2 million units in August, up 11.6{6813f3f94a6310de727ec1148c1a37fe47745ad9cc55f3fd35607477109fe237} on YoY basis. Counterpoint expects the recovery to proceed in coming months pushed by enhancing car-buyer sentiment and pro-NEV insurance policies like scrapping of vehicle purchase tax on NEVs and extension of subsides till 2022 with a slower phase-out pace.
There are simply too many technical options, markets, and social and demographic modifications to address. And because the aggressive panorama intensifies, being average at many issues is not going to be good enough anymore; firms might need to choose their bets and turn into nice at the issues that truly matter for the customers they’ve chosen to serve. Each auto company should be very clear about how it plans to add value for its explicit set of customers; in other words, it has to confidently select its approach to play. The IHS Markit Eurozone Manufacturing PMI dipped to 62.8 in July in opposition to June’s reading of sixty three.four.
Automotive Megatrends And Markets
After every week that took the S&P BSE Sensex index previous 60,000 …