According to a study of the renowned Center of Automotive Management (CAM) in Germany, 2018 was the first year to see more than 2 million e-vehicles being sold around the world. That makes it 2.4 percent of all newly registered vehicles. Apart from the main markets China and the US, Europe was closely analyzed as well.
With an ambition to be among the top 3 in automobile manufacturing by 2026 (as per the Automotive Mission Plan 2016-2026), Indian auto industry needs to consider an innovative and pragmatic approach to ride the transformation wave in the automotive sector. E-mobility by far is the greatest opportunity for the Indian industry to participate and emerge amongst the top in the globalized automotive world.
The Automotive Industry continues to be a pillar in Mexico’s economy representing 4% of national GDP. Foreign investment continues to arrive and the country has strengthened its position as the world’s sixth-largest light vehicle manufacturer and the fourth-largest light-vehicle exporter. In 2018, Mexico produced 3.9 million vehicles with 3.5 million units exported. Main destinations are USA and Canada with Germany as a third destination. This represents 81.6% of total exports. Exports value (2017) amounted to $127 billion dollars.
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