Morning Daily - 2016-02-18

Thursday, February 18, 2016
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Industry | Policy | Passenger Vehicle | Two Wheelers | Commercial Vehicle | Aftermarket | Auto Components | Tyres
Top Stories
• Motherson Sumi's boldest bet: Eying billionaire investor Wilbur Ross' company for around $800 mn
• Hyundai India technicians to get wage hike of Rs 19K per month in 3 years
• Petrol price cut by 32 p/litre; diesel to cost 28 p/litre more
• Game is on with new scooter factory; eyes 18% growth in FY17, says Y S Guleria, Sr VP, sales and marketing at HMSI | ET Auto
• Maruti to increase production at Gurgaon and Manesar plant
• Honda 2wheelers inaugurates its 4th plant in India; to generate 9000 jobs
• In case you missed Auto Expo 2016, here are some of the snapshots | ET Auto
• Make in India: Tata Motors may sign first ever commercial contract for hybrid buses
• Global NCAP reprimands Renault over misleading ad; writes to Carlos Ghosn
• VECV to set up marketing firm in South Africa to scale up its exports
• Environment panel EPCA wants govt to completely ban diesel passenger vehicles in Delhi
• At 68.47, rupee at 30-month low as FIIs continue to sell | ET Auto
• Startups to lead with biggest pay hikes at 15.6% this appraisal season: Survey
• Make in India: National Capital Goods Policy aims to triple growth for the sector to Rs 7.5 lakh crore
• Sunil Munjal receives honorary Doctorate of Literature degree
• BAE Systems choses Mahindra for proposed ultra lightweight Howitzer
Industry
• Delhi govt launches subsidy scheme of Rs 30k for e-rickshaws
• Number of registered companies jumps to 15.27 lakh in January
• Volkswagen cars' emission levels nine times more than the cap: Anant Geete
• NHAI plans 50k km road network worth Rs 17 lakh crore in next six years
• CPI inflation likely to remain in 5.6-5.8% range over next 2 months: Deutsche Bank
• L&T eyes road sector as govt focuses on highways
• Millions of US drivers at death risk from unrecalled cars having defective Takata airbags
Policy
• Budget 2016: Focus on tax simplification, promoting growth, employment
• Bureaucracy cannot be blamed completely for delay in awarding projects, says Nitin Gadkari
Passenger Vehicle
• Mahindra looking to enhance market share in UV segment beyond 40% with KUV100
• Ferrari 488 GTB unveiled in India
• Nissan Motor to start assembling cars in Myanmar this year for first time
• Aston Martin joins hands with Chinese tech group LeEco to develop its first electric vehicle
• Lotus launches its fastest road car ever, Elise Cup 250 in UK
Two Wheelers
• Honda targets youth with Navi bike, gets 500 bookings within days of launch
Commercial Vehicle
• Renault to build Nissan van at its plant in France, says Carlos Ghosn
Auto Finance
• Rolls Royce considering activist shareholder ValueAct's bid for a seat on board
Raw Material
• JSW Steel's plan to build 10 mn tonne mega steel plant in Jharkhand remains uncertain
Oil & Lubes
• India, Iran holding talk to revive oil trade, address payments due from Indian refiners
• Iran supports capping oil supply, stays mum on output curbs
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