People's Daily Online Brasilia, October 29 (reporter Louis Ng) Economic and Social Development Bank of Brazil on the 29th revealed in the automotive industry seminar, held in Rio de Janeiro, Brazil, Brazilian car manufacturing industry's annual production capacity from the current 4.3 million to 6.6 million in 2015.
The target of the Brazilian Economic and Social Development Bank, is the establishment of enterprises to invest in consumer expectations and the market is expected on the two bases. By the Brazilian government to provide preferential tax policies affect the automotive industry, the Brazilian automobile enterprises and foreign car manufacturers are expanding the the automotive investment plan in Brazil. The Brazilian Motor Vehicle Manufacturers Association, business investment is expected to invest $ 22 billion in three years, more than a car of former Brazilian investment cycle. According to statistics, from 1991 to 2001, Brazil's automobile manufacturing industry total investment of 35 billion reais (U.S. $ 17.5 billion). In addition, Brazil's auto parts industry, also said in 2015 to invest 19 billion reais (U.S. $ 9.5 billion).
The Brazilian auto industry trends reflect the the Brazilian macroeconomic trends and the Brazilian society, "the phenomenon of the rise of the new middle class". As the people in the middle and lower income improve, Brazilian purchases of consumer durables demand is increasing, many families now have the economic conditions to buy a new car. The consumption potential of the Brazilian auto market is also attracting multinational automobile manufacturing enterprise investment in Brazil. The car manufacturer in the Asian and European countries are planning to expand investment or increase production capacity in Brazil. For example, in the 1990s, the Japanese car to enter the Brazilian market and the French car recently said, 2015, to invest $ 3.5 billion to expand production capacity in Brazil.
Brazil in the global automotive market share increased to 4.3% from 3.2% in 2001. In the next few years, the proportion of the Brazilian automobile industry in the international market will be further enhanced.