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A mini industry spawns under the hood of a booming car market – ET Auto

Baua Electric

Under the auto boom, a smaller industry is also growing: the used or pre-owned car market, where for every two new cars, three used cars are sold. As per industry estimates, about 4.1 Under the auto boom, a smaller industry is also growing: the used or pre-owned car market, where for every two new cars, three used cars are sold.

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History of Electric Vehicles in India

Get Electric Vehicle

2001 – Mahindra and Mahindra Ltd. introduced its first electric three-wheeler in 1999, and in 2001, it established a new firm, Bijlee, based in Coimbatore, to manufacture and sell electric vehicles. Also, REVA Bangalore entered the electric vehicle market in 2001 with a vehicle developed by an American business (Amerigon).

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Study of Sustainable Value in Automobile Manufacturing Finds Mixed Performance for Most OEMs, BMW and Toyota as the Clear Leaders

Green Car Congress

The BMW Group and Toyota are consistent industry leaders, creating extremely positive Sustainable Value over the entire review period—i.e., Findings of the report include: Toyota and the BMW Group are industry leaders. In other words, the authors note, these companies use these resources more efficiently than their industry peers.