Hey, Your Top Automobile News for June 05, 2021

Your Daily Automobile updates From Around The World [  The Automobile News]( You Might Like [Learn more about RevenueStripe...](      [MX/USA-CAN MEXICO CAPITALIZE ON US AUTOMAKERS’ PIVOT TO ELECTRIC VEHICLES?](  MEXICO COULD BECOME EVEN BIGGER PLAYER IN GLOBAL AUTOMOTIVE MANUFACTURING INDUSTRY The multibillion-dollar North American automotive sector, which includes one of the largest components of U.S.-Mexico trade, could dramatically change as many automakers make a substantial shift to manufacturing electric vehicles. On April 30, General Motors (NYSE: GM) became the first U.S. automaker to announce it would build electric vehicles in Mexico. GM said it would invest $1 billion in its factory in Ramos Arizpe to produce electric cars. As U.S. automakers pivot into the electric, autonomous vehicle era, cross-border operators say Mexico is more than ready to seize the moment. “GM’s announcement is really exciting news for Mexico because it’s one of the very first electrical vehicles that’s going to be made in Mexico,” said Jordan DeWart, managing director at Redwood Mexico based in Laredo, Texas. Redwood Mexico is part of Redwood Logistics, headquartered in Chicago. GM’s facility in Ramos Arizpe currently makes the Chevrolet Blazer and Equinox SUVs, along with engines and transmissions. GM aims to manufacture two electric Chevrolet SUVs in Ramos Arizpe starting in 2023, according to Reuters. [Read Full Article](  [How Tata Motors Became India’s Third-Largest Carmaker?]( Shailesh Chandra knows the importance of staying afloat even when the chips are down. He has seen that play out very well at Tata Motors where he has been a lifelong veteran and serves as the president of the passenger vehicle business. Over the past decade, the Rs 1.05 lakh crore automaker has seen its fortunes tumble in the Indian market, even prompting questions about its relevance in the country’s $104 billion automobile industry, before it began staging a whirlwind comeback.   From a paltry market share of 4.6 percent in 2016, and 4.8 percent in 2020, Tata Motors is now India’s third-largest carmaker, boasting a market share of well over 9 percent in the world’s fourth-largest automobile market. In FY21, the company sold 222,025 units of passenger vehicles, a 69 percent growth in comparison to the year-ago period. In contrast, the country’s passenger vehicle sales in the fiscal fell by 6.2 percent. This April, the company accounted for 9.16 percent of the domestic market, up from 8.77 percent in the previous month, according to the Federation of Automobile Dealers Association.  The phenomenal turnaround also comes at a time when the country’s automobile industry has been stuck in a quagmire for the past few years, with sales dwindling due to a slowing economy, transition into eco-friendly engines, and the Covid-19 crisis. Incidentally, the reversal in fortunes also came after a decade of turbulence when Tata Motors, which made iconic Indian vehicles such as Tata Indica, Tata Sumo, and Tata Safari in the early parts of the millennium, was left on the fringes in the highly competitive Indian car market. With dwindling sales, mostly catering only to the fleet taxi market, the carmaker had fallen out of the radar with personal buyers.  [Read Full Article](  [Here’s How JDM Cars Have Influenced The Automotive Industry]( The rise of Japanese manufacturer’s exports and differences between domestic and export requirements soon gave birth to JDM cars. The rise of the Japanese automotive industry is fascinating in so many ways. It started from humble beginnings, building cars based on American and European models with limited success. Despite heavy investment from the government, the early Japanese market was dominated by the vastly more developed US manufacturers who built their factories all across the country. However, after the Second World War and its initial collapse, the Japanese economy started to grow exponentially, and the demand for motor vehicles followed suit. A rising number of domestic manufacturers started to compete for their share of the market. Companies like Toyota, Nissan, Honda, Mitsubishi, Mazda, Subaru, and Isuzu battled to find the most efficient way to develop and sell their cars while creating some of the most innovative and forward-thinking vehicles in the automotive world. Once small and underdeveloped, the Japanese car industry quickly became known for building cheap and reliable cars, which were a huge threat to their American and European competition and even warranted import quotas from many countries. The rise of Japanese manufacturer’s exports and differences between domestic and export requirements soon gave birth to JDM cars. The term JDM stands for Japanese Domestic Market and basically encompasses all cars meant to be sold exclusively in Japan. Even though JDM cars weren’t meant to be exported, they quickly piqued the interest of many car enthusiasts around the world. 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