Morning Daily - 2016-06-18

Saturday, June 18, 2016
Daily Newsletter
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Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
Top Stories
• Auto parts industry suffers highest trade deficit since FY13
• Make in India, brake in Karnataka: Triumph Motorcycles pulls back Rs 850 cr investment
• 2Wheeler owners can now upgrade to a new Nano with Tata Motors-CredR tie up
• Cars set to lose their most crucial component; check outwhat The Financial Express
• Toyota in talks with union for wage grant
• CV service: Tata Motors rides Vector model for turnaround The Hindu Business Line
• Renault India eyes 5% market share by the end of 2016
• Gujarat home to top tyre manufacturers
• Nissan slashes Micra prices by over Rs 54,000
• Hyundai should not hesitate to set up 3rd plant in India, says Nirmala Sitharaman
• Indian Auto Component Industry grows by 8.8% in FY16 to Rs 2.55 lakh crore
• Hurdle race begins for BS-VI switch Business Standard
• Auto component exports see first fall after 5 years Business Standard
• Bajaj Auto sees better days after Nigeria foreign exchange reform The Hindu Business Line
• SUV sales fail to pick despite a dip in interest rates
• BMW unveils its Mini Vision Next 100; Motorrad Vision vehicle premiere on Oct 11
• Govt's first automatic vehicle inspection centre in Nashik vandalised after 68% vehicles fail test
• The Most Promising Jobs Of 2016 Forbes
• How To Talk To Your Boss About A Problem Forbes
• Business Sentiment Survey FY2017 - The Report
Policy
• Govt to extend incentives to boost India's exports, says Nirmala Sitharaman
• Thailand presses for speedy conclusion of FTA with India
• US-Japan-India trilateral dialogue to take place in Tokyo
• For faster growth, RBI may need to hike rates
Industry
• Forex reserves slumps down to $363.23 billion; down by $231 million
• Olli, a 3D printed, self-driving minibus, to hit the road in US
• 'E-way vehicles should pass through toll plazas in 3 minutes'
• Honda recalls 1 million vehicles in China for Takata air bag problems
• VW brand sales stable in May as gains in Europe, China offset drop in Americas
• Mitsubishi Motors to post $480 mn special loss over fuel-cheat scandal
Passenger Vehicle
• Mahindra XUV500 1.99L variant launched with automatic transmission; priced at Rs 14.51 lakh (ex Delhi)
• Land Rover's semi-autonomous tech helps Discover Sport pull 100-tonne train
• GAC has not expressed interest in buying Fiat Chrysler stake: Marchionne
• GM seeks to dismiss claims for recalled vehicles' lost value
• Volkswagen to recall 147,955 vehicles in China
• US probes complaints of steering trouble on Toyota SUVs
• Ford cuts week off SUV plant shutdown to handle sales rise
Two Wheelers
• Royal Enfield launches Road Side Assistance in India
Aftermarket
• APM Terminals Inland Services signs contract with Volvo Cars India
Auto Components
• BASF buys Albemarle's surface treatment unit for $3.2 bn to bolster automotive coatings biz
• Mitsubishi Motors building autoparts plant under Philippine government incentive scheme- Nikkei Asian Review Nikkei Asian Review
Automotive
• Same Deutz-Fahr adopts ExaCLOUD to enhance product engineering
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