Morning Daily - 2016-08-05

Friday, August 5, 2016
Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
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Top Stories
• Benefits & Challenges for Auto Sector in GST Bill
• Motherson Sumi Systems plans to raise Rs 3,500 cr
• Volvo India now to provide six months of paid maternity leave
• Small cars, two-wheelers set for a cheaper ride Business Standard
• In Photos: How auto Inc honchos reacted on GST Bill
• AutoLogue: Trends shaping the auto industry by Navin Paul
• Register for Live webinar: Will GST prove to be a game changer for Auto Sector ?
• Mercedes Benz opens training centre in India; invests Rs 26.5 mn
• Volkswagen starts IT arm in Pune; invests around Rs 22 cr
• Samsung to buy AMT maker Magneti Marelli
• ZF CEO says seeks expansion in software, semiconductors, sensors
• Toyota expects its 2016 profit to fall to its lowest since 2013
• Govt unveils road-map for implementing GST from April 2017
• Luxury carmakers drive down new retail ways Business Standard
• What makes the Ford Mustang special and should you buyone? The Financial Express
• 11 Jobs With Shockingly High (Or Low) Salaries In 2016 Forbes
• Five Reasons To Quit Your Job On The First Day Forbes
Policy
• States want GST rate at over 20% to curb revenue loss
• Govt hopes 16 states will ratify GST Bill in 1 month
• Motor Vehicle (Amendment) Bill to make roads safe
• Govt considering anti-profiteering clause in GST
• No impact on inflation even if GST rate is 18-20%: FinMin
Industry
• MYTH BUSTED: GST will positively impact SMEs
• Over 4 lakh km roads constructed for rural development
• US auto trade associations urge regulators to scale back fuel efficiency fines
Passenger Vehicle
• Datsun GO, GO+ Style editions launched at Rs 4.06 lakh, Rs 4.77 lakh (ex Delhi)
• Volkswagen to equip petrol engined cars with particulate filters
• Ford recalls 830K vehicles to fix faulty door latches
• Western Europe monthly car sales post first fall since 2013: LMC
Commercial Vehicle
• Self-driving start-up Otto to test with truckers by year's end
Two Wheelers
• HMSI introduces two new colours of Livo
• Yamaha Motor downgrades 2016 net sales forecast by 11.8%
Aftermarket
• Within GST lies hidden treasure worth $200 billion
• China's Didi Chuxing said to back Southeast Asia startup Grab
Auto Components
• 2Wheeler cos on a roll, its a smooth rid for Gabriel India
• Pricol's Net profit surges to Rs 22.1 crore
• Mexican auto parts sector sees record $86 bln in sales this year
• Canada death widens probe into defective ARC airbags
• Harman's revenue beats on strong demand from automakers
Auto Finance
• Auto stocks surge up to 4% on clearance of GST Bill
• Motherson Sumi shares rise over 5% on fund raising plans
• Germany's new electric car discount scheme draws nearly 2,000 applicants
Raw Material
• MIP extension is key to a healthy steel industry
• EU hits China, Russia with steel anti-dumping duties
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