production, the Indian automotive market consumes over 0.28 million metric ton of die casting. The Indian automotive parts aluminum die casting market (henceforth, referred to as the market studied) was valued at USD 1,691.17 million in 2018, and is projected to reach USD 2,754.83 million by 2024, projecting a CAGR of 8.88% during the forecast period (2019-2024).

In the recent times, many nations, notably the NATO members, have begun to invest heavily in autonomous military systems. Though the focus had been largely on the unmanned aerial vehicles, the investments in the development of UGVs have also grown recently. In the United States, Defense Advanced Research Projects Agency (DARPA) has been investing heavily in the UGV technologies. The United States recently called upon defense contractors to innovate more in the area of UGVs, military robots, and drones to focus on improvements on easily upgraded software rather than hardware that can take years to come to the market. It aims to make use of 3D printing to speed up the process. This shows that the investments in R&D are expected to increase for UGVs in the coming years.

The used car market in the country is growing rapidly. The main reason for the same has been the advent of organized players in the market, which has taken care of the trust deficit, plaguing the Indian used car market for ages. A decade ago, almost all of the sales in the Indian used car market took place in the unorganized sector. Sellers would pass substandard products to the buyers. Thus, most people preferred to buy cars in their family and friends circle, and from acquaintances.

The demand for extra luggage space has increased off late. For family trips and weekend trips, the amount of luggage that the family or the person carries has increased over the years. This is also coupled by the amount of accessories that a luggage requires when a person goes on an adventure trips. Increasing luggage would require the owners to add a roof rack to the car to transport extra luggage. Nowadays, people carry more clobber, go on more holidays, and participate in sports that require more bulky kits than just a football or tennis racquet. Even a couple of mountain bikes carried on a rack can contribute to the rising demand for car racks. All such events demand an extra luggage space, which is more than a conventional boot space.

Since 2017, competition in Mexico’s light vehicle industry has been intensifying, as an increasing number of carmakers have opted to adapt their product portfolio to capture growing demand in the US market for light commercial vehicles. Despite uncertainty surrounding the renegotiation of NAFTA, Mexican exports of light vehicles to the US reached a new record high of 3.5mn units in 2018. Motor vehicle producers with a faster adaptation and a higher export orientation experienced the best results over the last two years, while companies that relied more on the domestic market underperformed, due to a decline in new vehicle sales in Mexico in both 2017 and 2018.

据中汽协统计，19 年 7 月我国汽车销量约为 180.8 万辆，同比下降4.3%，前 7 月汽车销量 1412.7 万辆，累计同比下降 11.4%。7 月广义乘用车销量为 152.8 万辆，同比下降 3.9%；7 月商用车销售 28.1 万辆，同比下降 6.3%；7 月新能源汽车销售 8.0 万辆，同比下降 2.7%。 

第六阶段排放标准设置了国六 a 和国六b 两个排放限值方案，为保证汽车行业有足够的准备周期来进行相关车型和动力系统变更升级以及车型开放和生产准备。多个地区相继出台了 2019年提前实施国六排放标准的文件。 

近期，国务院出台促进消费 20 条，我们认为政策对促进汽车消费仅是起到“锦上添花”的效果，实际上靠内生增长，行业依然有望温和复苏，预计第四季度销量大概率正增长，建议加大汽车行业配置。 

本轮挖掘机周期主要由房地产需求和存量更新驱动。与上轮周期不同，2016 年以来的本轮复苏市场并未明显感受到需求侧有显著增长态势，三大投资中仅房地产需求出现加速，2019 年前6 个月累计同比增速达到11%，制造业和基建投资大部分时间继续探底。挖掘机年度销量与房屋新开工面积总体仍呈现趋势上的一致性，但呈现更大的行业弹性，存量更新逐步成为主力驱动。

机械：看好光伏和锂电设备。我们预计光伏设备3Q开始业绩进入拐点期，硅片设备采购高峰即将到来，电池片设备技术迭代速度加快，板块有望迎来双击，推荐晶盛机电、捷佳伟创。

上周电池级碳酸锂价格下跌 0.69%；与永磁材料相关的稀土氧化物中氧化钕（+2.48%）价格上涨，而氧化镝（-1.03%）、氧化铽（-0.76%）价格下跌。新能源汽车产量持续增长，长期来看碳酸锂等下游需求巨大，建议关注锂资源行业龙头天齐锂业及新能源汽车磁材+ 电驱双轮驱动标的正海磁材。

汽车行业处于被动去库存阶段，投资时钟将指向“成长”。由于6月国六切换，渠道库存大幅去化，行业库存已经在近几年的底部，汽车行业产成品存货同比值6月已降至-6%，我们认为目前去库存基本结束，加库周期或开启。未来惨烈去产能后参与者大幅减少，打开龙头未来盈利弹性空间。行业标配，寻找长期“成长”标的。

加州 ZEV 法规要求大中型车企必须具备一定的零排放车辆额度积分，而积分获取则依赖自主生产 ZEV 汽车或通过积分交易获得。作为国内双积分政策的主要参照，法规中的 ZEV 积分核算和交易制度成为加州新能源汽车快速增长的重要动力，2018 年加州销售新能源汽车 15 万辆，占到全美50%。美国联邦 CAFE 标准也为国内油耗积分的制定提供了思路。 

近几年安徽省汽车工业展现出稳中有快的发展态势，现已成为安徽省重工业体系中的重要组成部分。文章从产业总产值、总体发展状况、产量增长速度等多方面分析了安徽省汽车产业发展的现状，指出安徽汽车产业存在的规模经济较小、市场集中度不高、市场份额低等问题。另外，通过分析安徽汽车产业的市场结构，提出了对安徽汽车工业发展的一些建议，即运用产业经济学知识通过产业集群挖掘发展潜力，这些对策建议对安徽省汽车产业的发展方向和发展战略具有一定的参考价值。