Asian brands have been having fun with much success in the United States in recent times. To tackle emissions, the government seeks to convey local standards as much as par with world requirements, enabling India to leapfrog from BS-4 to BS-6 emissions (the Euro 6 equivalent) by 2020 (Exhibit 1). Moreover, India has applied Company Common Gasoline Efficiency norms by which the producers have to improve their fuel efficiency by 10 % between 2017 and 2021 and by 30 percent or more from 2022.
Overlaying 136 international locations and over one hundred fifty gross sales groups, the LMC Automotive crew examines international automotive business dynamics from every angle – macroeconomic tendencies, gross sales and demand dynamics, regulatory impacts, manufacturing strategies and technological change.
Beneath the MIC2025 plan, Beijing needs home carmakers to be selling 3 million EVs a yr, making up 80 per cent of complete domestic sales, whereas the top two EV makers would have 10 per cent of their total abroad by 2025, though it did not specify which firms.
Packed with intelligence and automotive business research, QUBE gives these working in purchasing, strategy, gross sales, advertising, new product development (NPD), competitive intelligence and engineering teams with insight on the businesses and applied sciences which can be shaping today’s automotive value chain.
With out the subsidies, the price of an EV could exceed 150,000 yuan (US$21,600), making it costlier than a petroleum engine automobile, while production prices of around one hundred,000 yuan per car imply makers could not minimize costs too much.