Morning Daily - 2018-07-10

ETAuto Newsletter | Tuesday, July 10, 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 to invest $1 billion into passenger vehicle business over three years
• Martin Schwenk replaces Roland Folger as MD & CEO of Mercedes Benz India
• Honda Cars India to hike price upto Rs 35,000
• Boodmo raises Rs 5 cr from undisclosed investor
• Narendra Modi says India well on way to becoming global manufacturing hub
• JLR global sales up 0.9% at 52,049 units in June
• The government wants Indian cars to be safer. But is the supply chain ready? ET Prime
• Falling battery cost, more manufacturing to help E-bus sales surpass EVs globally by 2030: Report
• Working on lithium-ion technology for EVs: Exide
• India sees slower shift to electric vehicles
• MM Forgings plans ?650-crore expansion on buoyant CV outlook HBL
• Draft GST amendments aimed at easing compliance burden HT MINT
• ONGC pushes back KG gas production target date to end 2019 HT MINT
• Hiring activity sees 9 pc rise in June : Report
Policy
• Soon, get an e-challan for breaking motor vehicle rules in Goa
Industry
• Bomb defused at Volkswagen site in German city
• Pvt listed cos posted robust sales growth in Q4, RBI analysis
• Nikkei rebounds to 1-week high after US jobs data; Nissan tumbles
• Indias macro story is quite good: Subhash Chandra Garg, Economic Affairs Secretary
• Key points of Britain's post-Brexit trade plan
• Dueling tariffs raise mean long US - China trade battle may be in for a long haul
• Rupee continues to recover, opens 30 paise higher against US dollar
Passenger Vehicle
• VW to bring SEAT brand back to China in 2020/21
• BMW: Tariffs mean higher prices in China for US-made SUVs
• Tesla raises car prices in China - Electrek
• BMW agrees $4.7 billion contract with China's CATL for battery cells
• 47% of EV launches by 7 global automakers to be SUVs: Bloomberg New Energy Finance Report
• TKM offers special sales initiative to drive Yaris with government employees
• Nissan says exhaust tests were altered in latest scandal
• Nissan to hold briefing on exhaust gas measurement procedures
Two Wheelers
• Pre-owned bikes in mid capacity, performance segment see high demand: QuikrBikes
• Suzuki India launches 2018 series Gixxer SF/SP
• By next March, public cycle sharing scheme to get 80,000 additional bikes
Auto Components
• Liberty House gets CoC approval to acquire Adhunik Metaliks
• Auto Component Industry grew by 13% in FY2018; demand momentum to stay robust: Auto Component Industry grew by 13% in FY2018; demand momentum to stay robust: ICRA Auto Component Industry grew by 13% in FY2018; demand momentum to stay robust: ICRA
• German carmakers left reliant on others for battery cells
Tyres
• CEAT to make passenger car, 2-wheeler tyres at TN plant
Auto Finance
• Shriram group mulls merger of Shriram Transport Fin, City Union
Oil & Lubes
• Crude oil setup bullish; prices to resume rally after consolidation
• Petrol, diesel prices hiked for fifth consecutive day
• Iran downplays impact of US sanction threats
• Oil prices will hurt India, but it wont be a disaster: Chris Wood, CLSA
 
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