Morning Daily - 2018-05-23

ETAuto Newsletter | Wednesday, May 23, 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
• Tata Motors stops production of Indica and Indigo
• Surging fuel prices not to impact vehicle sales in short-term
• China says to cut auto import tariffs on July 1
• E-buses to surge faster than EVs: Survey
• Hyundai Verna leads sales growth in mid-sedan segment during April FY19
• Top 10 exported Cars of April 2018; Volkswagen Vento tops the chart
• Hyundai to hike vehicle prices by up to 2% from June
• Connected vehicles gear up for smooth cruising - AutoLogue by Maneesh Jhawar
• Farmers worry as fuel prices go up
• Tesla's Musk admits Model 3 braking issue, promises fix
• CV sales and exports lead Bajaj Auto out of the woods, but stock languishes HT MINT
• Bharat Forge Q4 net down 52% at Rs 100.3 cr
• Bajaj Auto pushes up as export outlook shines
• Minda Industries posts Q4 net profit at Rs 135 cr
• Bosch net profit up 1.4% at Rs 1,464 cr in FY18
• IndianOil posts 40% YoY jump in Q4 profit at Rs 5,218 crore, beats Street estimates
• How important are public sector banks to MSMEs? HT MINT
• Five things (it's not money) you never think about when starting a new job Forbes
• Shooting for the moon: PayPal's Max Levchin on taking risk Forbes
Policy
• Country-wide intra-state e-way bill system mandatory from June 3
Industry
• Transporters demand bringing petro products under GST ambit
• India's steel output grows 4% to 8.59 MT in April
• Fuel price hike issue to be resolved in next couple of days: Amit Shah
• Over 39 lakh jobs created in 7 months till March: EPFO data
• Renault-Nissan-Mitsubishi VC invests first $50 million in startups
• Tata Steel to raise Rs 16,500 cr debt to fund Bhushan acquisition
• Sensex halts 5-day slide in volatile trade
• Autos, banks fuel European shares as Italy recovers
• Statistics body may get more teeth
• Innovative projects get a helping hand from SMC
• India to achieve 9% growth rate by 2022
Passenger Vehicle
• Smaller towns will drive luxury car market: BMW India head
• China slashes auto import tariffs in boost to BMW, Tesla
• Experts: Car fires due to modification, accessories
• Sweden's SKF feels power of China's electric car drive
• Tesla shares hit by Consumer Reports criticism
Aftermarket
• Former Uber engineer sues, tests new sex-based claims policy
• Uber taps into Japan with first taxi-hailing pilot
• Ola spreads its network in three more Australian cities
Auto Components
• BP invests in Israeli fast-charge battery company
• Taiwan Yageo's unit to acquire US Pulse Electronics for $740 mn cash
• Pivot Power to build British battery network for electric cars
Auto Technology
• Google Maps will let you replace the dull arrow with a 3D car
• Kyocera's auto technology innovations to feature in Yokohama exhibition
Automotive
• Centre unveils model contract farming law
Oil & Lubes
• Is Modi's bad luck with oil burning a hole in people's pockets? Yes, if you believe his own words
• Fuel price hike burns hole in public's pocket
• Petroleum products should come under GST: IOCL Chairman
• Steps to deal with rising petrol, diesel prices likely this week
• Transport corporations poorer by Rs 9 crore/day after fuel price hike
• Petrol price highest ever in Chennai; up 30 paise across metros
• ONGC, Oil India face risk of subsidy sharing: Moody's
• Bring petrol, diesel under GST, says Assocham
• Fuel economy: Is duty cut coming?
 
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