Morning Daily - 2015-03-30

Monday, March 30, 2015

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Industry|Policy|Passenger Vehicle|Two Wheelers|Commercial Vehicle|Aftermarket|Auto Components|Tyres
Top Stories
Car makers boost discounts in a race to improve annual performance as demand dwindles
India to become world's 3rd largest automobile manufacturer by 2020: Ford
Bajaj Auto: Motorcycle maker goes its own way in India
Bosch eyes motorcycle segment for next wave of growth in India
Business Leaders Urged To Find A Purpose In Life
Luxury car makers are going native as sales surge
Cars are death machines and humans will be banned from driving them
Government to unveil new Foreign Trade Policy on April 1
High attrition likely this year on upbeat job market, economy: Survey
Campus hiring gets more zing, reveals study
Ford names new compact sedan as Ford Figo Aspire
Why businessmen prefer to work in car parking
KTM and Kawasaki announces price hike
GroupM unit Motivator wins media account of Honda cars
Industry
Automaker BYD 2014 profit falls 21.6%; economy, competition hurt
Passenger Vehicle
US probes 2 Volkswagen models for steering column control failure
Commercial Vehicle
Autobahn crosses milestone
Aftermarket
Ola, Uber plug loopholes in their driver incentive model to cut back on loss
Auto Components
ETAutoTV: Govt should not jump emission norm in India: CMD, Cummins Group
LG Chem to supply batteries for Daimler's Smart EVs
Auto Finance
Both Tata Motors and investors to gain from rights issue
Raw Material
The Directorate General of Safeguards rejects plea for safeguard duty on steel import

Top Stories
Car makers boost discounts in a race to improve annual performance as demand dwindles
ETAuto.com
Current favourites such as Honda City, Hyundai's i20 Elite are the notable exceptions that are attracting customers for their full price.  Read more
India to become world's 3rd largest automobile manufacturer by 2020: Ford
ETAuto.com
The automotive sector has a direct bearing on the economy with a near 7 per cent contribution to the GDP: David Dubensky, President and MD, Ford.  Read more
Bajaj Auto: Motorcycle maker goes its own way in India
Nikkei Asian Review
MUMBAI -- Bajaj Auto is betting on new models to drive up its share of India's motorcycle market. The motorcycle maker in January unveiled the Pla  Read more
Bosch eyes motorcycle segment for next wave of growth in India
Business Standard
The Germany-headquartered group has developed a bouquet of products for the motorcycle segment  Read more
Business Leaders Urged To Find A Purpose In Life
Forbes
It is tempting to think that disillusionment with big business stems from the financial crisis that began in 2008. Certainly, the activities that led to urgent efforts by politicians and central banke..  Read more
Luxury car makers are going native as sales surge
Business Standard
Sales of luxury cars grew five per cent last year, beating the industry growth of passenger vehicles at 0.66 per cent  Read more
Cars are death machines and humans will be banned from driving them
Bangalore Mirror
Tesla CEO Elon Musk believes you cant have a person driving a two-ton death machine  Read more
Government to unveil new Foreign Trade Policy on April 1
ETAuto.com
The foreign trade policy provides guidelines for enhancing exports with the overall objective of pushing economic growth and generating employment.  Read more
High attrition likely this year on upbeat job market, economy: Survey
ETAuto.com
Fresher-level attrition is expected to be around 12-14% while at senior-level it will be in the range of 8-10%, according to a survey by Wisdom Jobs.  Read more
Campus hiring gets more zing, reveals study
ETAuto.com
The optimism in the economy is reflecting in the feel-good sentiment across campuses, the fourth edition of the Aon Hewitt study has revealed.  Read more
Ford names new compact sedan as Ford Figo Aspire
ETAuto.com
The much anticipated new Ford compact sedan has been officially christened as the Ford Figo Aspire, while the hatchback is said to be called Ford Figo, as before.  Read more
Why businessmen prefer to work in car parking
ETAuto.com
The most popular place to work was in vehicles in the car says a study in a paper in the journal Work, Employment and Society.  Read more
KTM and Kawasaki announces price hike
ETAuto.com
KTM has increased the pricing for its entire Indian portfolio while Kawasaki India has hiked the prices of the motorcycles assembled by the Japanese bike maker in our two-wheeler market  Read more
GroupM unit Motivator wins media account of Honda cars
ETAuto.com
The size of the account is estimated to be over Rs 100 crore including digital media, according to top executives familiar with the matter.  Read more
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Industry
Automaker BYD 2014 profit falls 21.6%; economy, competition hurt
ETAuto.com
China's vehicle sales rose 6.9 percent last year and are expected to grow 7 percent in 2015, according to the China Association of Automobile Manufacturers.  Read more
 Back to top

Passenger Vehicle
US probes 2 Volkswagen models for steering column control failure
ETAuto.com
The National Highway Traffic Safety Administration says it received nine reports of the problem on the 2012 Passat and CC models.  Read more
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Commercial Vehicle
Autobahn crosses milestone
The Hindu Business Line
Autobahn Trucking, the dealership of Daimler India Commercial Vehicles, has announced that it has crossed the delivery milestone of 3,000 trucks in Kerala. Autobahn Trucking operates the d...  Read more
 Back to top

Aftermarket
Ola, Uber plug loopholes in their driver incentive model to cut back on loss
ETAuto.com
Drivers were pocketing incentives without actually ferrying passengers, many by getting friends to book a minimum number of rides.  Read more
 Back to top

Auto Components
ETAutoTV: Govt should not jump emission norm in India: CMD, Cummins Group
ETAuto
The government should not jump emission norm and go ahead in a phased manner. This has been done in all countries, including the US, Europe, all of them have gone through steps of emission norms.  Read more
LG Chem to supply batteries for Daimler's Smart EVs
ETAuto.com
LG Chem, which is also an EV battery supplier for General Motors and Renault SA, said it will provide Smart EV battery cells, which will be made into packs by Daimler's wholly owned subsidiary Deutsch..  Read more
 Back to top

Auto Finance
Both Tata Motors and investors to gain from rights issue
ETAuto.com
An equity infusion of Rs 7,500-crore from the rights issue will be used to reduce the debt on its standalone balance sheet.  Read more
 Back to top

Raw Material
The Directorate General of Safeguards rejects plea for safeguard duty on steel import
ETAuto.com
DSG's examination included written submissions from Maruti Suzuki, Hero Motocorp, Japan's Nippon Steel.  Read more
 Back to top

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