Frost Radar™: What Are the Top Companies Transforming the Light Commercial Vehicles Landscape in the ASEAN Region?
A benchmarking system to spark companies to action – innovation that fuels new deal flow and growth pipelines
The Association of Southeast Asian Nations (ASEAN) is rapidly emerging as a strategic region for light commercial vehicles. With increasing investments from major automotive companies, the region is on track for stronger production capabilities and technological innovation. Thailand’s established ecosystem in alternative fuels—including biodiesel and gasohol—provides a robust foundation for piloting clean fuel solutions, while Indonesia is ramping up its automotive manufacturing capacity with targeted investments. Vietnam is increasingly seen as an innovation hub. Growth in local manufacturing is expected to boost employment and economic output, fostering greater domestic adoption of the vehicles. Although government incentives are less extensive than in China or Europe, attention to sustainable transport is likely to stimulate more supportive measures and industry incentives in the near future.
- Why are manufacturers in ASEAN increasingly adopting a multipronged approach to powertrains, incorporating diesel, hybrid, and full electric technologies?
- Which growth strategies can help address region-specific fuel infrastructure variability and support cleaner urban logistics?
- How can your organization grow by partnering with local governments and e-commerce giants to deploy the vehicles in municipal services and delivery fleets?