Morning Daily - 2016-10-29

Saturday, October 29, 2016
Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
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Top Stories
• No tax incentives for other car models at Nano factory: Gujarat govt. The Hindu
• Tata Group HR head S Rajan quits
• Automakers expect record retail car sales this festive season
• Bosch shuts Jaipur plant as pollution board revokes licence
• Audi India head Joe King to be replaced with VW's Thierry Lespiaucq as interim head
• The 'Aaya Ram and Gaya Ram' of Indian automotive industry
• Watch The Mercedes Benz Self Driving Truck Going Through Testing Phase
• From safety issues to cheap car tag, Tata Nano is a self induced struggle Business Standard
• Ratan Tata-Cyrus Mistry divorce settlement might cost $16 billion
• Domestic PV sales to grow 10-12% during FY17: ICRA
• Hyundai Motor India unveils design expressions of all new Tucson
• Govt keeping 'close watch' on Tata-Mistry matter
• Canada auto parts giant Magna expanding in China, India
• Volkswagen switch to electric cars to cost over 10,000 jobs
• Bajaj Auto: Exports continue to challenge growth The Hindu Business Line
• Mahindra Electric to stick to Europe plans despite low UK sales HT Mint
• Maruti Suzuki tops JD Power after-sales customer service survey for 17th time in a row
• BMW limits carbon fibre use to make cars lighter, more profitable
• How To Job-Hunt While You're Working: 15 Questions Answered Forbes
• How To Answer 'What Makes You The Best Candidate?' Forbes
Policy
• Mahindra hopes GST won't treat electric cars as luxury items
• Quebec approves new law to boost sales of zero emission vehicles
Industry
• Ford to shut Michigan factory 2 weeks ahead on light demand
• China likely to miss sales target for green vehicles in 2016
• Eicher Motors Q2 consolidated PAT jumps 45.2%
• Tata statements contrary to records, says Cyrus Mistry
• Hyundai, Kia to pay $41.2 mn to US states over mileage claims
• Cyrus Mistry camp keeps Tatas guessing on next move
• Tesla Motor' Elon Musk adds solar roofs to his clean energy vision
Passenger Vehicle
• Long-vanished German car brand Borgward joins race for electric vehicles
• Skoda revamps its compact model Octavia; deliveries to start from 2017
• Toyota recalls 819,598 vehicles in China over defective airbags
• BMW recalls over 154K vehicles in US over engine wiring problem
Commercial Vehicle
• Force Motors registers 12% growth for Q2 FY17
Two Wheelers
• Bajaj Auto Q2 net profit up 7.2% at Rs 1,200 crore
Aftermarket
• Toyota invests in US car sharing service Getaround
• After self driving vehicles, Uber targeting flying cars
• Delhi court to hear plea seeking recovery of Rs. 91,000 crore from Uber, Ola
• Uber still making commuters pay DND toll tax
• Uber loses UK legal battle over drivers' rights
Auto Components
• We have entered LCV market with SML Isuzu: Abhishek Jain, ED, PPAP Automotive
• Pricol reports 35.7% growth in Q2 standalone revenues
• Israeli firm Aquarius Engines wants its products to power car revolution
Auto Finance
• Tata group stocks recover lost ground after 3 days of fall
Automotive
• Expect volume growth of 14-15% in coming quarters: Bharat Madan, Escorts
Oil & Lubes
• India's $20 billion refinery expansion to cut fuel oil output
 
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