Morning Daily - 2016-09-13

Tuesday, September 13, 2016
Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
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Top Stories
• Didi to Tatas: Remove Singur sheds or we'll
• FCA India appoints new Head of Sales & Network Development
• Tata Motors, M&M match global counterparts in R&D spend The Hindu Business Line
• Ford pips Hyundai to become top passenger vehicle exporter in August The Hindu Business Line
• Hyundai Santro to relaunch as made-in-India model for the world HT Mint
• Toyota Innova success attracts rivals Business Standard
• Before you book 2017 Nissan GT-R, check out the sports car here
• Hyundai ordered to compensate for denying free service to consumer in Ahmedabad
• New Mahindra Bolero Power+ launched at a price of Rs 6.59 lakh (ex Mumbai)
• Indian aftermarket business likely to grow to $30 bn by 2026: ACMA
• Apple lays off employees from its self-driving car project
• Globally, Indian companies most positive on hiring
• Volvo Cars announces senior management appointments
• BMW wheelchairs, high-tech bikes: life in the Paralympic fast lane
• IIP for July down by 2.4%; inflation for August remains at 5.05%
• Five Signs You Need A Pay Raise -- And Five You Don't Forbes
• Ten Things Good Employers Won't Ask Job-Seekers To Do Forbes
Policy
• Cabinet notifies constitution of GST Council
• Modi govt may back 18-19% GST standard rate
• Govt geared up to meet April deadline on GST roll out: Revenue Secy
• Rupee depreciation less than inflation; currency over-valued: EEPC India
Industry
• India needs to work on climate friendly transport: Assocham
• The demolition derby: 80 cars, two winners & 78 wrecks at US auto slamfest
• VW CEO says diesel scandal won't bring company down
• Google loses its edge in autonomous car race HT Mint
• Peugeot inaugurates new plant in Chengdu, China
• National highways to turn no advertisement zones
• New highway to cover Delhi-Jaipur in two hours: Nitin Gadkari
Passenger Vehicle
• Ford promises fleets of driverless cars within five years
• Vehicles in Ahmedabad to now come fitted with number plate
• Suzuki Kosai Plant achieves accumulated production of 20mn units
Two Wheelers
• French bosses take to mopeds to combat economic gloom
Aftermarket
• Meru Cabs launches accurate fare calculator
• Uber, drivers start talks after $100 million pact denied HT Mint
Auto Components
• Suprajit Engineering buys out US' Wescon Controls for $44.4 million HT Mint
• Motherson Sumi to raise up to Rs 563 cr via equity issue
• GNA Axles looks attractive with rising exports, tractor recovery
• Japan's Renesas to buy US automotive chipmaker Intersil for $3.2bn
• Auto supplier BorgWarner could gain 30% in fuel-efficiency push
• Denso to showcase products supporting entire vehicle life cycle at Automechanika 2016
Auto Finance
• Rane Brake Lining hits new high; soars over 150% post Q1 results Business Standard
Raw Material
• Indian stainless steel firms urge govt to hike import duty to 12.5%
Oil & Lubes
• India's fuel consumption to grow 5-6% in FY17: Fitch
• Post-Brexit UK offers huge scope: Dharmendra Pradhan
• 'India expects higher oil demand growth this year'
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