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UK car production rises for sixth consecutive month in July – SMMT

Catherine by Catherine
31/08/2023
in car news
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On August 31, an industry body said that as automakers continued to recover from the global chip shortage, British car production increased for the sixth consecutive month in July.

A total of 76,451 vehicles rolled off the assembly line in the country last month, up 31.6 percent year-on-year, the Society of Motor Manufacturers and Traders (SMMT) said.

Mike Hawes, SMMT chief executive, said: “Six months of growth shows that UK car production is recovering and there is greater optimism for the future as sales of electric models continue to grow.”

Production of the latest high-tech hybrids (HEVs), plug-in hybrids (PHEVs) and battery electric vehicles (BEVs) rose about 74% to 30,180 units, accounting for almost every fifth vehicle produced in July 2 cars.

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However, total vehicle production remained 29.4% below its pre-pandemic level in July 2019.

Britain’s car industry, a key driver of manufacturing and exports, received a boost last month when India’s Tata Motors (TAMO.NS) pledged to build a massive electric car battery factory in Britain to supply its Jaguar Land Rover plants. Development of the automobile industry.

“Recent investment announcements have certainly boosted the sector, but global competition remains fierce,” Hoss said.

The SMMT had said in July that it could take another five years for the UK to return to producing 1 million cars a year or more.

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Catherine

Catherine

I am Catherine Haggui, a distinguished Luxury Goods Specialist with over a decade of experience. As Director of Luxury Retail Strategies at a leading firm, I've cultivated a reputation for curating exclusive collections, elevating brand positioning, and exceeding sales targets. Renowned for my discerning taste and global market insights, I blend artistry and commerce to redefine luxury experiences. My work involves strategic partnerships, trend forecasting, and ensuring clients receive unparalleled access to the epitome of opulence.

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