UK car output rises for fifth straight month in June – SMMT
2023.07.26 21:12
© Reuters. FILE PHOTO: New cars are pictured at a car dealership, as Britain’s car industry body releases monthly new car sales figures, in Cheshire, Britain October 5, 2020 REUTERS/Jason Cairnduff/File Photo
(Reuters) – British car production rose for the fifth consecutive month in June compared to last year as pandemic-induced chip shortages eased, an industry body said on Friday.
The Society of Motor Manufacturers and Traders (SMMT) said a total of 84,767 cars rolled out of factory gates in the United Kingdom last month, an increase of nearly 16.2% year-over-year.
Total car production is expected to rise nearly 11% to 860,000 units by the end of the year, the SMMT said, adding that the output could reach pre-pandemic levels of 1 million by 2028.
For the first six months of the year, production of hybrid electric, plug-in hybrid and battery electric vehicles rose nearly 72% to record 170,321 units, the industry data showed.
India’s Tata Group earlier in the month announced its plans to build a 4 billion pounds ($5.2 billion) electric vehicle battery plant in Britain to supply its Jaguar Land Rover factories, delivering a major boost for a UK car industry.
“UK car manufacturing is growing again, with production – especially of electrified models – increasing and major investment announcements making headlines,” said SMMT Chief Executive Mike Hawes.
Exports to the major markets rose with the exception to China, where it dropped more than 6% in six months to June, the SMMT added.
