Morning Daily - 2015-04-23

Thursday, April 23, 2015

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Industry|Policy|Passenger Vehicle|Two Wheelers|Commercial Vehicle|Aftermarket|Auto Components|Tyres
Top Stories
M&M invests Rs 250 crore in Zaheerabad plant expansion, to roll out new SCV shortly
Top 10 selling PVs in FY14-15: Honda City sales more than doubles
Pininfarina chairman says there may be M&A news soon
Oerlikon inaugurates Rs 1000 cr facility at Sanand
Volvo plans to invest up to Rs 700 cr in India
Global perception and local challenges of the Indian economy
Rise in demand for scooters slows motorcycle growth
M&M attracts 25 suppliers with Rs 1,000 crore for ancillary units at Zaheerabad
Public Speaking 101: How To Wow An Audience
More superbike makers plan to make in India as sales rise
A Chinese woman stunned a BMW dealer by paying for a car with a mountain of one-yuan notes
Former head of Scania is now Volvo CEO
Industry
Manipal Institute & Tata Power Solar unveil solar car with 60 kmph top speed
Bajaj Auto funding for ISB
Lamborghini drives into smaller Indian cities
GM gets boost from smaller pickups, but doubters question for how long
Rolls-Royce's CEO Rishton to retire, Warren East to succeed
Ford unveils new Taurus influenced by China
Banning of over 10 years old diesel vehicles needless: Transport companies
NGT ban on diesel vehicles to hit taxi, tempo traveller owners hard
China: new economic superpower?
Passenger Vehicle
Suzuki recalls record 2 million cars for smoking ignition switch
Two Wheelers
Lohia Auto sees big potential for e-bikes in AP, Telangana
Commercial Vehicle
Chevrolet FNR is the autonomous electric Batmobile
Aftermarket
TaxiForSure plans hiring, discounts strategies to spread customer base
Isuzu Motors opens companys first dealership in Madhya Pradesh
Auto Technology
China tech firms shake up world's biggest car market
Auto Finance
Tesla shares rocket to 10-week high on upcoming battery unveiling
Automotive
VECV launches Eicher Pro 6000 series, ultra modern heavy duty trucks

Top Stories
M&M invests Rs 250 crore in Zaheerabad plant expansion, to roll out new SCV shortly
ETAuto.com
The soon-to-be-launched small commercial vehicle, dubbed P601, will be manufactured at this plant which can now churn out 1,40,000 units a year.  Read more
Top 10 selling PVs in FY14-15: Honda City sales more than doubles
ETAuto.com
The closest rivals in the segment, Maruti Ciaz and Hyundai Verna, could record barely less than half of Honda Citys sales at 32,349 units and 31,319 units respectively.  Read more
Pininfarina chairman says there may be M&A news soon
ETAuto.com
"We don't rule out that there will be news soon, but we are not confirming it," Chairman Paolo Pininfarina told reporters on the sidelines of an event in Milan.  Read more
Oerlikon inaugurates Rs 1000 cr facility at Sanand
ETAuto.com
With this new capacity we will continue our journey in India and upgrade our capabilities in high-tech driven products: Dr. Bernd Matthes.  Read more
Volvo plans to invest up to Rs 700 cr in India
The Hindu Business Line
Swedish commercial vehicles major Volvo plans to invest around Rs 500-700 crore in India in next five years to expand business activities in the country.Our capital expenditure is always s...  Read more
Global perception and local challenges of the Indian economy
Livemint
There are some near-term challenges beginning to emerge for the economy  Read more
Rise in demand for scooters slows motorcycle growth
ETAuto.com
Weaker rural income and a gradual shift in the consumer preference towards scooters impacted motorcycle volumes in the second half of FY15.  Read more
M&M attracts 25 suppliers with Rs 1,000 crore for ancillary units at Zaheerabad
ETAuto.com
At least 25 suppliers of automobile components and spare parts have agreed to set up their ancillary units at Zaheerabad in Telangana to support the $16.5 billion home grown automobile giant Mahindra ..  Read more
Public Speaking 101: How To Wow An Audience
Forbes
Over the past year, I've started my paid speeches in a counter-intuitive fashion.  Read more
More superbike makers plan to make in India as sales rise
ETAuto.com
The Indian super bike market has expanded exponentially, albeit on a smaller base, with manufacturers struggling to meet demand.  Read more
A Chinese woman stunned a BMW dealer by paying for a car with a mountain of one-yuan notes
Business Insider
It took 20 employees in Henan province six hours to count 100,000 yuan in one-yuan notes, which was part of the payment for her new BMW.  Read more
Former head of Scania is now Volvo CEO
ETAuto.com
Volvo has appointed the head of Volkswagen-owned Scania as its new top executive.  Read more
 Back to top

Industry
Manipal Institute & Tata Power Solar unveil solar car with 60 kmph top speed
ETAuto.com
This four-wheeled prototype, run solely on solar energy, is designed by the above team of 27 student enthusiasts.  Read more
Bajaj Auto funding for ISB
The Hindu Business Line
Bajaj Auto has extended ?30 crore to the Indian School of Business (ISB) to expand learning facilities and provide three scholarships to the students of its post-graduate programme. In recognition...  Read more
Lamborghini drives into smaller Indian cities
The Hindu Business Line
The Italian company sold 16 super-sportscars in India in 2014  Read more
GM gets boost from smaller pickups, but doubters question for how long
ETAuto.com
GM's return to selling smaller pickups in the US has resuscitated a moribund market segment, but new data highlights the risk that the automaker's new trucks are cannibalizing sales.  Read more
Rolls-Royce's CEO Rishton to retire, Warren East to succeed
ETAuto.com
Rishton, who stands down on July 2 to seek a change in lifestyle, has been chief executive of Rolls-Royce since 2011, overseeing a difficult period for the company.  Read more
Ford unveils new Taurus influenced by China
ETAuto.com
With its newest Taurus, Ford is joining the race to appeal to Chinese business buyers by offering bigger, more luxurious back seats.  Read more
Banning of over 10 years old diesel vehicles needless: Transport companies
ETAuto.com
With the deadline to submit their views and suggestions on the NGT order of banning diesel vehicles that are over 10 years old approaching, the transport department on Tuesday held a meeting with vehi..  Read more
NGT ban on diesel vehicles to hit taxi, tempo traveller owners hard
ETAuto.com
With National Green Tribunal (NGT) banning entry of diesel vehicles for tourism purposes towards Rohtang Pass from May 1, over 4,000 taxi operators and 150 tempo traveller owners in Manali are worried..  Read more
China: new economic superpower?
HT Mint
On a bilateral basis, China has made large investments in developing infrastructure in resource-rich countries in Africa and Latin America  Read more
 Back to top

Passenger Vehicle
Suzuki recalls record 2 million cars for smoking ignition switch
ETAuto.com
The action expands a recall for 168,000 cars that was issued on March 31 after reports of burning or smoking ignition switches on 30 vehicles in Japan, 18 of which were police cars.  Read more
 Back to top

Two Wheelers
Lohia Auto sees big potential for e-bikes in AP, Telangana
The Hindu Business Line
The company wants to set up its zonal office in Hyderabad  Read more
 Back to top

Commercial Vehicle
Chevrolet FNR is the autonomous electric Batmobile
Business Standard
Chevrolet has unveiled a very futuristic looking FNR autonomous electric concept vehicle at the Auto Shanghai 2015. Developed in Shanghai by GM's Pan Asia Technical Automotive Center (PATAC) joint ven..  Read more
 Back to top

Aftermarket
TaxiForSure plans hiring, discounts strategies to spread customer base
ETAuto.com
TaxiForSure is one fourth the size of Ola which has about 44,000 drivers on its network. Olas Bhavish Aggarwal declined to comment for this story.  Read more
Isuzu Motors opens companys first dealership in Madhya Pradesh
ETAuto.com
It launched the MU- 7 SUV priced from Rs. 22.41 lakhs onwards (ex-showroom, Indore) and the D-MAX pickup trucks range priced from Rs.6.90 lakh onwards (ex-showroom, Indore).  Read more
 Back to top

Auto Technology
China tech firms shake up world's biggest car market
ETAuto.com
Chinese technology giants Alibaba and Tencent are promising to build the cars of the future, vehicles linked seamlessly to the Internet and offering shopping and navigation help while on the road.  Read more
 Back to top

Auto Finance
Tesla shares rocket to 10-week high on upcoming battery unveiling
ETAuto.com
Deutsche Bank said in a research note on Wednesday that the battery market is a significant opportunity for Tesla, even though markets for home and utility energy storage are in their infancy.  Read more
 Back to top

Automotive
VECV launches Eicher Pro 6000 series, ultra modern heavy duty trucks
ETAuto.com
It will meet the needs of most market segments across haulage, distribution, construction, industrial loads, courier and perishables.  Read more
 Back to top

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