Plugged In: The potential of ASEAN market

In this episode of the Automotive Podcast Series by S&P Global Mobility, our program host, Gaurav Vangaal, will be joined by Mayuree Chaiyuthanaporn and Oracha Sakunbunma our ASEAN expert on Light Vehicle Sales forecasts  The discussion covers key insights into the short-term outlook for Thailand, Indonesia, Vietnam, Malaysia and the Philippines, focusing on the impact of stricter auto loan policies, rising household debt, and government incentives for battery electric vehicles (BEVs). Despite a sales slump in Thailand, a modest recovery is anticipated, while Indonesia is projected to rebound with a growth due to favourable economic conditions. S&P Global Mobility analysts also discussed potential in Vietnam market, opportunities for electrification with Vinfast, supported by government incentives and how Philippines continues its upward trajectory , fuelled by strong economic growth and increased EV support. The episode wraps up with the insights into the future of OEMs in Malaysia, highlighting both challenges and opportunities in this dynamic market landscape. If you have questions for the hosts, please email [email protected].