Morning Daily - 2016-04-29

Friday, April 29, 2016
Daily Newsletter
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Industry | Policy | Passenger Vehicle | Two Wheelers | Commercial Vehicle | Aftermarket | Auto Components | Tyres
Top Stories
• Despite SC ban, Toyota invests Rs 1,100 cr in new diesel engine plant in Bengaluru ETAuto.com
• Not profitable: Auto Inc reel under bad loans amounting to Rs 5k crore ETAuto.com
• Mahindra Intertrade partners MSTC to set up India's first auto shredding facility ETAuto.com
• Maruti Suzuki expects double digit growth; earmarks Rs 4,400 cr capex for FY17 ETAuto.com
• Report on India Two-Wheeler Sector: Credit Suisse | ET Auto
• How Bolt and Zest scripted Tatas design drive Hindu Business Line
• Maruti Suzuki likely to invest in real estate in India; allocates Rs 800 cr ETAuto.com
• Volkswagen India told to deposit Rs 13.74 lakh for defective car ETAuto.com
• TVS Motor tops JD Power customer satisfaction study ETAuto.com
• Hyundai unveils Verna concept sedan at Beijing Auto Show ETAuto.com
• Volkswagen to sell assets to pay for emissions scandal? ETAuto.com
• Replacement demand and BS-IV related pre-buying to support M&HCV demand: ICRA ETAuto.com
• Honda Cars India says achieving 3 lakh units sales looks difficult in 2016 ETAuto.com
• This is how much top management of VW will get in remuneration for 2015 ETAuto.com
• I want to rewrite the 30-year-old history: Maruti Suzuki's Kenichi Ayukawa HT Mint
• Even after over 7 years, Tata's Nano remains central issue in Singur ETAuto.com
• Renault & Datsun enter the Alto territory Business Standard
• Five things to know about Mitsubishi Motors scandal ETAuto.com
• Beware! 10 Worst Pieces Of 'Good' Career Advice Forbes
• Five Good Reasons To Quit Without Giving Notice Forbes
Industry
• Indian economy may expand by 7.8% in 2017-18, says UN ETAuto.com
• Japan Earthquake: Honda expects to resume full operation in August ETAuto.com
• All nook and corner to come under road network by 2019 ETAuto.com
• Ind-Ra revises FY17 GDP growth forecast downwards to 7.7% ETAuto.com
• India to remain one of the strongest growth stories in Asia Pacific region: Goldman Sachs ETAuto.com
• Volkswagen CEO Matthias Mueller lays out plan to focus on low emissions cars ETAuto.com
• Elon Musk's SpaceX to send unmanned spaceship to Mars by 2018 ETAuto.com
• We should have more people in fewer cars: Amit Jain, President, Uber India ETAuto.com
• Volkswagen sees return to profit this year after scandalous 2015 ETAuto.com
Policy
• Indian business confidence declines again on deteriorating companies finance ETAuto.com
• Paris to have car-free day once a month ETAuto.com
Passenger Vehicle
• Maruti hits the sweet spot with Nexa Hindu Business Line
• Younger buyers more open to self-driving cars: J.D. Power ETAuto.com
• Fiat Chrysler, Alphabet in technology partnership talks? ETAuto.com
• GM China sees strong growth for luxury models and EVs ETAuto.com
Two Wheelers
• Scooters to drive two-wheeler sales till FY20: Report ETAuto.com
Aftermarket
• CarDekho.com parent GirnarSoft acquires SaaS startup Connecto ETAuto.com
Auto Components
• Hero Electronix acquires Tessolve Semiconductor; to invest over Rs 1k cr on expansion ETAuto.com
• Auto parts maker Shanthi Gears net profit zooms 96% in FY16 ETAuto.com
• GM spending $790 mn to build engine plant in Tennessee, creating nearly 800 jobs ETAuto.com
• BorgWarner's revenue rises 14.3 pct on higher demand ETAuto.com
• SKF opens center in Bangalore for skill development ETAuto.com
Tyres
• Expect growth this year to be better than that of previous: Anant Goenka, Ceat ETAuto.com
Auto Technology
• Chipmaker NXP looks to autos to outpace rivals' growth ETAuto.com
• Volkswagen not to start digital mobility biz with Apple, Google: Matthias Mueller ETAuto.com
Auto Finance
• Ford Motor net income jumps 113% ETAuto.com
Raw Material
• Drought makes Rs 100 crore steel firm shut shop in Latur ETAuto.com
Oil & Lubes
• Iran seeks interest of 0.75% on $6.5 bn due from Indian oil refiners ETAuto.com
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