Morning Daily - 2018-06-19

ETAuto Newsletter | Tuesday, June 19, 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
• Hero MotoCorp makes key management changes: Ashok Bhasin to head digitization
• How the Audi CEO's arrest fits into the VW diesel scandal
• Pre-owned luxury car sales on the rise; to take over new cars
• Truckers on strike to protest diesel price hike; West Bengal, Karnataka hit
• Worlds number one auto parts maker to get boost from regulation
• Auto cos to see 30% spike in capex in next two fiscals
• Auto index up; Tata Motors, Eicher Motors, M&M among top gainers
• Experts say auto tariffs would raise prices, cost jobs
• Mumbai ports vehicle exports grow 11% in FY18
• Merc plans to drive in only BS VI diesel vehicles in India from now on
• VW names Bram Schot as interim Audi CEO: Report
• Droom ramps up marketing budget to Rs 400 cr for FY19
• Uber will hold majority stake in any deal it does, says COO Barney Harford HT MINT
• Royal Enfield unviels three new custom-build twins at Wheels and Waves 2018.
• Demonetisation failed to make India a less cash society HT MINT
• Rural distress cant get buried in growth story HT Mint
• FCA rolls out Jeep Compass Bedrock at Rs 17.53 lakh
• Mercedes launches AMG S 63 priced at Rs 2.55 cr
• You Get Positive Performance Reviews But No Promotion? Seven Reasons Your Career Has Stalled Forbes
• Three Ways To Find Purpose At Work Forbes
Policy
• London, other cities call for new petrol and diesel car ban to start earlier
Industry
• India, Russia weigh rupee-rouble trade for defence deals
• Indians face 25% higher risks to financial fraud: Report
• BPCL to provide grant to four startups in Kerala
• Rs 25000 crore refund pending claims pending for exporters: Amit Mitra
• GST enlarged tax base, brought formalisation: Government
• Freight rates for select destinations up
• 25000 crore refund pending claims pending for exporters : Amit Mitra
• Sensex to remain flat over next 12 months; Bajaj Auto, Reliance, ITC top bets: Morgan Stanley
• Healthy demand prospects and regulations to drive spend; OEM credit profiles to remain stable
• States' fiscal deficit steeply falls by 25% in FY18: Icra
• India fastest growing major economy, trend to continue for some years: Arun Jaitley
• India working towards becoming USD 5 trillion economy by 2025: Prez Kovind
• Government committed to meet fiscal deficit target of 3.3 per cent this year: Piyush Goyal
• Asian shares, oil fall as U.S.-China trade spat escalates
• Government working on 'alloy policy' to augment special steel output: Steel Secretary
• GST collection soars 150%, revenue gap dips by half
• Demo & GST: Empirical evidence shows MSMEs yet to recover from the twin economic measures
Passenger Vehicle
• Canada's Magna partners with BAIC unit to make electric cars in China
• Hyundai Motor Announces Overseas Business Reorganization
• Audi CEO arrested in Germany over diesel scandal
• Volvo sets goal of 25 percent recycled plastics in cars from 2025
• Carpooling, smart signals will help unlock gridlock
Commercial Vehicle
• Volvo demonstrates 12-metre autonomous bus in Sweden
Auto Components
• General Electric to cut 1,200 jobs in Switzerland
• Sasken appoints Mihir Kumar to Head Industrials Business
• Moglix's vendor portal solution helps Uno Minda increase operational efficiency
• NMDC, Karnataka steelmakers clash over iron ore rates
Automotive
• Indefinite nationwide truck strike begins
Oil & Lubes
• IOC in talks with US producers for term deals to buy 1MT of oil
• Oil prices dip on prospect of rising Opec, Russian output
• HPCL to introduce cashless payment service at select outlets
• Jaitley hints at no cut in excise on oil, asks citizens to pay taxes honestly
• Petrol prices remain unchanged for the third day in a row
• Expect another rate hike in August unless oil prices dip: Pratik Gupta, Deutsche Bank India
• Its Trump sanctions, not Opec, thats boosting oil
 
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