Drivers are Keeping their Cars for 12+ Years

CTEK Asks…But are They Changing their Maintenance Habits? CHICAGO, June 28, 2022 /PRNewswire/ — With rising new and used car prices and a shortage of cars at dealerships, research firm S&P Global Mobility recently reported that the average age of vehicles on U.S. roadways hit a record high of 12.2 years in 2021, increasing for… Continue reading Drivers are Keeping their Cars for 12+ Years

Markets rise as automakers enjoy best day in over two years

Maruti Suzuki gained the most on the Nifty 50, rising 6.3% to its highest since late February. Truckmaker Eicher Motors and two-wheeler maker Hero MotoCorp jumped 5.9% each. BENGALURU: Domestic indices bucked a broader downturn on Thursday as weak metal and oil prices drove beaten-down automakers to their best day since April 2020. The NSE… Continue reading Markets rise as automakers enjoy best day in over two years

@Toyota: Toyota and Suzuki to Deepen Collaboration in the Fields of Development and Production in India

Toyota Motor Corporation (Toyota) and Suzuki Motor Corporation (Suzuki) signed a memorandum of understanding for a business alliance in 2017. Since then, the two companies have been bringing together Toyota’s strength in electrification technologies and Suzuki’s strength in technologies for compact vehicles for joint collaboration in production and in the widespread popularization of electrified vehicles.… Continue reading @Toyota: Toyota and Suzuki to Deepen Collaboration in the Fields of Development and Production in India

Scrapped cars a gold mine for India-Japan recycling venture

NEW DELHI — A joint venture between an Indian and a Japanese company has uncovered a treasure trove in India in the form of auto parts salvaged from some of the roughly 10 million cars scrapped in the country as the government puts tighter emissions standards in place. Abhishek Group, an Indian maker of air… Continue reading Scrapped cars a gold mine for India-Japan recycling venture

Soaring white collar salaries driving sales of premium cars and gadgets

A big rush for talent and soaring salary offers in the white collarjob market amid the ‘Great Resignation’ are boosting sales of premium smartphones, electronics and cars in the country even as overall discretionary spending has slipped. Professionals who are switching jobs or getting retained by their existing employers at much higher salaries than before… Continue reading Soaring white collar salaries driving sales of premium cars and gadgets

Honda, peers to ride 20 motorcycles off into the sunset this year

TOKYO — Honda Motor and three Japanese rivals plan to discontinue about 20 motorcycle models by the end of this year, Nikkei has learned, in response to tougher emissions standards to be implemented in Japan in the fall. The retired motorbikes represent 10% of the roughly 190 models available from Honda, Yamaha Motor, Suzuki Motor and Kawasaki… Continue reading Honda, peers to ride 20 motorcycles off into the sunset this year

Mazda and Mitsubishi Motors to lift prices in Japan

TOKYO — Mazda and Mitsubishi Motors vehicles will cost more in Japan come fall as the nation’s medium-size automakers begin passing on their rising raw materials costs and adjust to the weakening yen. Mazda will raise prices for two models, including the flagship Mazda3 compact, by about 3%. Mitsubishi Motor’s price hike will also be… Continue reading Mazda and Mitsubishi Motors to lift prices in Japan

Maruti Suzuki to invest Rs 2 crore for 12.09 percent in Sociograph Solutions

As reported earlier, Maruti Suzuki India will invest Rs 2 crore in Sociograph Solutions. The investment is part of Maruti Suzuki’s MAIL initiative to support startups with promising mobility solutions. Maruti Suzuki plans to use the Visual Artificial Intelligence (AI) platform of SSPL called Dave.AI, with an aim to enhance digital sales experience of its… Continue reading Maruti Suzuki to invest Rs 2 crore for 12.09 percent in Sociograph Solutions

E-Scooter (Electric) Market Size & Trends Values Will Reach USD 50.99 Billion By 2030, at 11.2% CAGR: Polaris Market Research

NEW YORK, June 13, 2022 /PRNewswire/ — Polaris Market Research recently published a research report on “Electric Scooters Market Share, Size, Trends, Industry Analysis Report, By Type (Plug-in, Battery-based); By Product (Retro, Self-balancing, Folding); By Battery (Sealed Lead-acid, Li-ion, NiMH); By Voltage (24V, 36V, 48V, Greater than 48V); By Region; Segment Forecast, 2022 – 2030” in… Continue reading E-Scooter (Electric) Market Size & Trends Values Will Reach USD 50.99 Billion By 2030, at 11.2% CAGR: Polaris Market Research

India among top 10 global economies for FDI in 2021 despite decline in investment to USD 45 bn: UN

Foreign Direct Investment inflows to India declined USD 19 billion to USD 45 billion in 2021 but the country still remained among the top 10 global economies for FDI last year, the United Nations said on Thursday. According to the United Nations Conference on Trade and Development (UNCTAD) World Investment Report, flows of foreign direct… Continue reading India among top 10 global economies for FDI in 2021 despite decline in investment to USD 45 bn: UN