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ETAutoTS: Software, sustainability, cybersecurity to define the future of auto industry – ET Auto

Baua Electric

Rajendra Petkar, President & CTO, Tata Motors Bengaluru: The future of the automotive industry will be defined by technology and software along with sustainability , industry’s top voices said at the Day 1 of the 5th edition of ETAuto Tech Summit concluded on Thursday.

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CDK auto dealer software unlikely to be restored before June end, says memo – ET Auto

Baua Electric

The car industry technology and software provider would not be able to get all dealers live before June 30, and has asked them to make alternate plans for their month-end financial closing processes, the memo CDK sent to dealers showed. .” auto dealers to switch back to manual paperwork.

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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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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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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.