Morning Daily - 2016-10-05

Wednesday, October 5, 2016
Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
Top Stories
• Suzuki to intensify product development in India: Toshihiro Suzuki, CEO Maruti Suzuki
• Hyundai Motor India recalls 7,657 Eon cars
• Two-wheelers that are 'Made in India' but not sold in India Business Standard
• Much awaited RBI rate cut a 'festive gift': Auto industry
• In Photos: New Honda Brio launched for Rs 4.69 lakh (ex Delhi)
• Hyundai to launch all New Tucson in India on October 24
• How a chartered accountant is creating the 'Google of auto service industry'
• Exclusive: Rivals Honda, Yamaha to partner on scooters in Japan Nikkei Asian Review
• Maruti Suzuki Baleno achieves one lakh units in domestic sales
• Volkswagen gearing up for India launch of its Polo GTI The Hindu Business Line
• Petrol price hiked for second time in four days by 14p/L, diesel by 10p/L
• Toyota, Daihatsu to set up joint emerging markets company
• At 7.6% growth, India seen racing past China
• Tesla's Billion-Dollar Problem: Who Will Sell And Service All Those Cars? Forbes
• RBI cuts repo rate by 25bps to 6.25%; reverse repo rate adjusts to 5.75%
• Top line will grow by around 25-30% in the near future: NK Minda, CMD, Minda Group
• Lamborghini appoints Silvia Saliti as Marketing & PR Manager for SEA, Oceania and India
• Want To Speak Professionally? Here Are Five Quick Tips To Get You Started Forbes
• 8 Ways To Get People To Like You Immediately Forbes
Industry
• 4% inflation target is set for 2021, not early 2018: RBI governor Urjit Patel
• Continental buys fleet management tech provider Zonar
• Motorsports: Mercedes likely to enter Formula E in 2018-19
• Rolls-Royce makes picnic basket that costs $46,000 HT Mint
• Japan's Murata aims to boost automotive revenue with Sony battery buy
• Nihon Unisys to watch over Indonesia's corporate cars Nikkei Asian Review
• Some Ford Ontario workers unhappy with GM Canada deal
September 2016 Sales
• Escorts Agri Machinery domestic sales up 37.4% in September
• Automakers report mixed US sales results in September
Passenger Vehicle
• New Honda Brio launched for Rs 4.69 lakh (ex Delhi)
• Henrik Fisker launches new electric car company to compete with Tesla
• Volvo Cars Group makes senior level appointments
• Honda Civic 'Type R' makes debut at Paris Motor Show
• US probes over 6 lakh Ford vehicles for steering, warning light problems
Two Wheelers
• Honda NAVI make inroads in Nepal
Aftermarket
• Droom accelerates Rs 100 crore monthly GMV in 19 months
• Ola launches offline cab booking facility across key metros in India
• Ducati India partners YES BANK for customer financing
• Rolls Royce opens its second showroom in South Korea
Auto Components
• Faurecia appoints Eelco Spoelder as Group Operations Executive VP
• Endurance Technologies raises Rs 348 cr from anchor investors
• Manali Petrochem acquires UK-based Notedome for Rs 120 cr
Tyres
• Michelin enters mass market CV segment in India with launch of X Guard radial truck tyres
Auto Technology
• Skoda India launches MySkoda mobileApp The Financial Express
Auto Finance
• Amtek Auto, Mahindra CIE shares soar up to 7% on asset deal report
• Endurance Technologies an attractive prospect for investors
Automotive
• We had 70% volume increase in September: Rajesh Jejurikar, M&M
Raw Material
• India expects ArcelorMittal JV to start production in two years
Oil & Lubes
• Iran oil exports hit pre-sanctions high on run-up in condensate shipments
 
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