AGP Executive Report
Last update: an hour agoIndia Demand: Domestic auto sales rose about 25% year on year in July–September, supporting India’s estimated 7.35% GDP growth. Bajaj Auto also posted a strong quarter, with volumes up 20% and revenue up 34%, led by exports and EVs. Supply Chains: Polish seat maker Brose Sitech will invest $29.5 million in its first US factory, creating 330 jobs at Scout Motors’ South Carolina supplier park; production is due in 2027. Global Competition: Türkiye is targeting $45.5 billion in auto exports in 2027. Chinese automakers are gaining ground as Toyota’s China sales hit a nine-year low and Volkswagen’s quarterly loss deepened. Market Shift: Gasoline-only vehicles fell below half of global sales for the first time in a century. Hyundai’s operating profit rose 5.5% despite lower sales, underscoring the pressure on legacy makers to adapt. Cost Pressures: Automakers face rising costs for tariffs, diesel and chips, while Honda warned a planned tariff increase on January 1 could be “catastrophic.”
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