Other big movers include South Asia, which will see production grow 69%, predominantly because of growth in India. Central Europe and the Middle East follow close behind with production levels growing 68.4 and 61.2% respectively. According to the forecasts, North America and Europe will hardly budge with growth levels moving up roughly 5% for both. Surprisingly, Japan’s output will grow at twice this rate.
This means that we’ll be seeing even more vehicles sourced from these newly industrialized regions such as China and Central Europe. We may even see the manufacture of popular vehicles move into these regions as rising development costs and global competition force manufacturers to move offshore.