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07:50 «City of stories»
07:50 «City of stories»
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«City of stories»

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08:20 «BRICSterview»
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Иконка с часами 23 minutes 26 sec.
Indian Ambassador to Russia Vinay Kumar: "BRICS cooperation model meets socio-economic development needs of the Global South"
Иконка с часами 22 minutes 41 sec.
Ambassador Extraordinary and Plenipotentiary of Ethiopia to Russia, Genet Teshome Jirru: "BRICS is very important for us"
Иконка с часами 14 minutes 55 sec.
Political scientist Richard Sakwa: "BRICS is the foundation of more mature international politics"
14.02.2515:44 Culture
International projects of Moscow Kremlin Museums to receive media support abroad with TV BRICS assistance
29.01.2511:11 Culture
Russia to release jubilee cycle about world-famous international authors of "Za Rubezhom" publication
28.01.2510:56 Culture
Young artists from BRICS countries to come to Moscow for training in 2025
Brazil
04.01.25 15:35
Economics

Brazil's automotive sector leads global growth in 2024

Projections for 2025 suggest continued growth, with an estimated 5.6 per cent increase in sales

Brazil’s automotive sector has achieved exceptional results in 2024, recording the fastest growth among the top ten global markets, as reported by Brasil 247, a partner of TV BRICS.

Vehicle sales surged by 15 per cent compared to the previous year, reaching 2.6 million units, which included passenger cars, light commercial vehicles, trucks, and buses.

Investments in the industry reached an unprecedented US$29.63 billion, with US$21.40 billion contributed by vehicle manufacturers and US$8.23 billion by the auto parts sector.

This financial commitment enabled the creation of 100,000 new jobs in 2024, highlighting the sector’s role as a cornerstone of economic recovery.

Projections for 2025 suggest continued growth, with an estimated 5.6 per cent increase in sales, potentially reaching 2.8 million units, and a 6.8 per cent rise in production driven by new manufacturing facilities.

Industry leaders have emphasised the importance of advancing policies to reduce production costs and enhance logistics, particularly through more efficient port operations.

Photo: iStock


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