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Toyota to expand its used car biz across India – ET Auto

Baua Electric

The New Delhi outlet marks Toyota Kirloskar Motor’s second foray into the used car business, following the launch of an outlet in Bengaluru in 2022. The move comes as the Indian used car market is projected to grow at a CAGR of 8%, currently surpassing the size of the new car market by 1.3

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China issues draft guidelines to rein in lithium battery industry – ET Auto

Baua Electric

China has released draft guidelines aimed at reining in the country’s lithium battery industry , which has been in Western crosshairs over fears subsidised overproduction could flood global markets with cut-price exports.

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Assurance Intl extends its licensing collaboration with Goodyear; introduces new auto parts and other products – ET Auto

Baua Electric

New Delhi: Assurance Intl Limited, a renowned name in the lubricant and automotive care industry, is pleased to announce the extension of their successful licensing collaboration with Goodyear Tire & Rubber Company, a global leader in tire and rubber manufacturing based in Akron, Ohio, USA.

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AutoZone’s quarterly profit beats estimates on demand for car parts – ET Auto

Baua Electric

AutoZone beat estimates for third-quarter profit on Tuesday, driven by strong demand for automotive parts as more Americans held on to their ageing cars amid higher prices and wait times for newer models. Quarterly net sales at the auto parts supplier, which competes with Advance Auto Parts and O’Reilly Automotive , rose 3.5%

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Scholz hails Northvolt factory as sign of Germany’s industrial appeal – ET Auto

Baua Electric

Germany is and will remain a strong industrial location, Chancellor Olaf Scholz said on Monday as he formally opened construction at Northvolt’s battery cell factory in Heide, in the northern state of Schleswig-Holstein. Battery cells “Made in Germany” would help to build cars beyond combustion engines, he added.

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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. Fuelled by rising disposable incomes, an influx of new sport-utility vehicles, and attractive loan rates, India’s car market is racing ahead.

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Germany’s Vay launches remote-driven car service in Las Vegas – ET Auto

Baua Electric

German remote-driving startup Vay said on Wednesday it had launched its first commercial service in Las Vegas where a “teledriver”, or remote driver, delivers electric short-term rental cars to customers then collects them after the rental. Unlike autonomous vehicles , it relies on a remote human driver.