Asia (Commonwealth) _ Current annual output figures validate that of the 68 million automobiles manufactured in the world last year, over 47 million came from Asia. The combined efforts of Europe (15 million), the Americas (5 million), Africa (800,000), and, indeed, every other continent, region, and nation on the globe paled in comparison.
The Asians have handily triumphed over the beaten and bruised Rest of the World in the fight to become the uncontested global champions of automobile manufacturing, while the latter has suffered a terrible defeat. Asia produced 47 million automobiles in 2023; in a year or two, it is expected to reach a weekly production of more than a million.
Not only is China, which produced 26.1 million automobiles in the previous year, contributing to Asia’s superiority over all other continents combined in the automobile industry. Japan (7.8m), India (4.8m), and South Korea (3.9m), three other Asian boxers, are likewise punching well above their weight classes.
Germany (4.1m) is by far the strongest and best-performing manufacturer in the West, while Spain (1.9m) has achieved remarkable success to take the No. 2 position in Europe and No. 6 position globally. A few more unexpected facts include that Brazil (1.8m) continues to outpace the USA (1.7m). Furthermore, the peaceful tiny country of the Czech Republic (1.4 million) may soon surpass the big, noisy US if it keeps expanding at the startling rate it has been lately. I believe that Trump or Biden will soon be bailed out, so America, good luck with that.
Despite having no well-known brands, underdogs Slovakia (1.1m) and Indonesia (1.2m) have defeated France (1.0m), which is fortunate to have several. Similarly, in 2023, the UK (905,000) and Italy (542,000), with their numerous manufacturing lines and strong brands, were surpassed by Iran (998,000) and Turkey (953,000).
It is known that the logically concerned Italian government desires to have at least one Chinese auto plant located on its territory. And I believe that UK authorities ought to look into doing the same immediately for Britain, if only to take the place of Honda, which just abandoned its British factory and its workforce, leaving a void that will hopefully be filled by another Asian mass manufacturer.
My top picks are Hyundai Group of South Korea, BYD of China, and Vinfast of Vietnam. Let them join us if we can’t defeat this new and remarkable breed of Asian manufacturers. We have the land, public funds, and skilled labor force to lure these companies to build cutting edge, employment-generating factories on reclaimed ground in England, Northern Ireland, Scotland, or Wales. So let’s welcome these and related companies in the 2020s. In the same way that Nissan and Toyota were invited and accepted with success in the 1980s.
According to data from 2022, India’s automobile sector ranks fourth in the globe in terms of output. In terms of sales, India is third in the world’s automotive markets as of 2023. India rose to the rank of fourth biggest nation in the world in 2022 based on the value of its automobile sector.
India’s car sector, which is estimated to be valued over US$100 billion as of April 2022, contributes 7.1% of the nation’s GDP and 8% of all exports. Just 8% of Indian households own a car, according to the National Family Health Survey from 2021. Government figures show that there are only about 22 cars per 1,000 persons in India.
The leading automakers in India include Mahindra & Mahindra, Force, Maruti Suzuki, Hyundai Motor India, Tata Motors, and Ashok Leyland, Force Motors, Tractors and Farm Equipment Limited, Hradyesh, ICML, Kerala Automobiles Limited, Reva, JSW MG Motor India, Premier, Tara International, and Vehicle Factory Jabalpur are among the companies that make tractor and farm equipment.
With more than 4.25 million cars sold, India has surpassed Japan to take the third spot in the global automotive industry in 2022, behind only China and the US. Between January and November 2022, 4.13 million automobiles, including passenger and commercial vehicles, were sold in the nation, according to data from the Society of Indian Automotive Manufacturers (SIAM). When the Maruti Suzuki sales figure for December is included, the total increases to almost 4.25 million units.
Since SIAM publishes statistics on commercial vehicles on a quarterly basis, the October–December quarter’s results have not yet been released. According to an earlier report by Nikkei Asia, India surpassed Japan with sales of new cars, with at least 4.25 million units sold, based on preliminary data.
