Morning Daily - 2018-05-18

ETAuto Newsletter | Friday, May 18, 2018
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Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
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Top Stories
• High GST on auto parts lead to working capital shortage, tax evasion by SMEs
• Andhra Pradesh promotes EVs with fiscal sops
• 'More than 50% of global software solutions for automotive design and development are done in India'
• Escorts lines up Rs 300 cr capex for FY19
• EPCA to post roadblock on Delhis electric bus plan
• Rs 4 a litre hike in petrol, diesel prices coming up, say brokerage firms
• Droom raises $30 million from Toyota, Digital Garage, others
• TVS Motors failure to grow margins to put pressure on stock
• Ola COO Vishal Kaul ends trip
• Neolite ZKW to enter into technical alliance with Spanish Andaltec on 22 May
• Cabinet approves National Biofuel Policy
• Electric vehicles dont need a government push HT Mint
• Development agenda of 2022 to be prepared by June: NITI Aayog
• Indian economy projected to grow 7.6% in 2018-19: UN
• New 2018 Maruti Suzuki Ciaz launch in August first week: All the details here
• Bajaj Finserv Q4 net profit up 36%
• JK Tyre Q4 FY18 net profit up 77% at Rs 159 cr
• Escorts Q4 net surges nearly 2-fold to Rs 112 cr
• Hamburg takes steps to impose Germany's first big city ban on old diesels
• For Suzuki Motor, all roads lead to India HBL
• For ease of doing business, close gap between promise, application HT Mint
• The world's most reputable CEOs 2018 Forbes
• Whatever you do, don't be smarter than your boss Forbes
Policy
• Disabled people exempted from paying road tax on vehicles in Bihar
• China drafts rules to track electric car battery output, use
Industry
• Plans afoot to set up 20 vehicle scrap centres: Steel Secy
• Cities will see transformation in coming years: Naidu
• RBI to keep policy rates unchanged in June: Goldman Sachs
• NIT Trichy partners with Tata Motors
• German minister tells carmakers to speed up diesel refits, pay for it
• Volkswagen's core brand pulls out of Paris Auto Show
• Crony capitalism in India has come to an end with the new bankruptcy code: NITI Ayog CEO
• Whats in a classification? Everything if you are an MSME
Passenger Vehicle
• Ford resuming production of lucrative F-150 trucks on Friday
• Toyota, Hyundai, Ford lead 9.6% European car sales gain
• Ferrari told to change wing mirrors for Monaco Grand Prix
• Europe car sales speed up in April
• Chandigarh gasps as cars double in 9 years
• Merkel: We must not punish car industry so it can't develop
Commercial Vehicle
• PMPML to take steps for safety of female passengers
• Telekom, Daimler settle truck toll dispute with German government
Aftermarket
• Cox & Kings launches self-drive segment
Auto Components
• Tata Steel arm raises Rs 5,000 cr to pay Bhushan's lenders
• Universal Robots expects India biz to grow over 100%
• Australia's Kidman Resources to supply lithium for Tesla cars
Tyres
• Costlier synthetic rubber hits tyre sector
Auto Technology
• Intel's Mobileye gets self-driving tech deal for 8 million cars
Auto Finance
• Ujjivan Looking at Growth from Housing, SME Loans
Oil & Lubes
• 500 days and a billion barrels of lost oil pushes crude to $80 per barrel
• Oil price could hit $100 'in coming months': Total CEO
• India raises Iran oil imports in April to highest since Oct 2016 as US sanctions loom
• Oil hits highest since Nov 2014 as Brent edges closer to $80
 
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