Brisk demand leads to rosy earnings for Asia car manufactures

Asia's top automakers including Toyota Motor Corp (7203.T) and Hyundai Motor Co (005380.KS) will likely post big jumps in quarterly earnings thanks to better-than-expected global car demand and further cost cuts.

Japanese car makers are hurting from a stronger yen JPY= but will likely manage big cost reductions and have enough of a profit cushion from the first half to warrant an upward revision to their conservative annual guidance, analysts said.

"Global auto demand was surprisingly good," said Kurt Sanger, auto analyst at Deutsche Securities in Tokyo. "There were concerns that we would be flat to negative, but July-September saw 4-5 percent global growth in a quarter that people expected no growth."

Vehicle sales exceeded expectations in Japan and the rest of Asia, while they were in line in the United States and Europe, Goldman Sachs analyst Kota Yuzawa said.

With higher raw materials costs not expected to fully hit Japanese automakers until October, Toyota, Nissan Motor Co (7201.T) and Honda Motor Co (7267.T) are seen reporting operating profit growth of between 50 percent to 150 percent in their second quarter.

Better-than-expected global demand helps in July-Sept

* Sales growth, cost cuts to outweigh Japan fx losses

* Hyundai on fast track with new products, won advantage

* Own-brand Chinese carmakers to suffer, JVs to surge

* Indian car makers to face margin pressure

By Chang-Ran Kim, Asia autos correspondent