The global automotive industry experienced a 42% drop in company filings mentions of cybersecurity in Q3 2023 compared with the previous quarter, with the highest share accounted for by Lucid Group with 36% year-on-year increase, according to GlobalData’s analysis of over 116 automotive company filings. GlobalData’s Automotive: Filings Trends & Signals Q3 2023 report delves into earnings call transcripts and quarterly reports within the automotive industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
Notably, cybersecurity was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of online travel and low cost evolution, according to GlobalData.
Of the top leading companies in the automotive industry, Lucid Group had the greatest increase in references for cybersecurity in Q3 2023, compared with the previous quarter. GlobalData identified 15 cybersecurity-related sentences in the company's filings - 0.2% of all sentences - and remained flat of 0% in Q3 2023 compared with Q3 2022. Mahindra & Mahindra’s mentions of cybersecurity rose by 36% to 15 and Rivian Automotive’s by 55% to 9 and Bajaj Auto’s by 200% to 6 and Eicher Motors’s by 20% to 6.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for cybersecurity in Q3 2023 was 130.
For further understanding of GlobalData's Automotive: Filings Trends & Signals Q3 2023, buy the report here.