Morning Daily - 2019-01-03

ETAuto Newsletter | Thursday, January 3, 2019
ETAuto.com
Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
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Top Stories
• Falling auto sales may dent valuation premium
• Hero MotoCorp pitches for 18% GST on two-wheelers
• State-run oil firms are no longer taking margin hit on petrol, diesel sales
• GM sold 200,000 electric vehicles in U.S. by 2018, triggering tax-credit phaseout: source
• Manufacturing activity slows in December, PMI at 53.2
• Rs 500 cr receivables impacted due to GST: Niranjan Gupta, CFO, Hero MotoCorp
• Uber India revenue zooms to Rs 21.5 cr in FY18
• Eicher Motors December sales dip 13% at 58278 units
• Ashok Leyland records 20% drop in December sales at 15,493 units
• TVS Motors December sales grow 6% at 271,395 units
• Indian economy on track to maintain high growth rate: Finance Ministry
• Ford India domestic sales up 15% at 5,840 units in December
• OPINION: Changing scenario of marketing and distribution channels in the automotive industry
• Self-driving rental firm Zoomcars revenues up 31% HBL
• Double whammy for Mahindra sales before XUV 300 launch HT MINT
• Aluminium producers brace for multiple headwinds in 2019 HT MINT
• Dip in tractor sales a temporary blip for M&M, demand seen rising again Business-standard.com
• Quit Your Job And Live Abroad in 2019: 10 Places So Cheap You Might Not Need to Work Forbes
• Why Your First Interview Question Should Be, 'Why Would You Want This Job?' Forbes
Industry
• RBI Governor to meet MSME, NBFC representatives next week
• Green tax relief to only those vehicles that have RFID tag
• Direct tax-GDP ratio of 5.98% during FY18 best in 10 years: Finance Ministry
• GST Council to meet on Jan 10; to consider 5% GST on under-construction flats
• Green tax relief to only those vehicles that have RFID tag
• Slow upward movement in average GST collection puts govt in wait mode
Passenger Vehicle
• Hyundai flags tough 2019 as U.S., China demand stays slow
• Vehicles of this Alphabet-owned company are being attacked in US: Report
Commercial Vehicle
• Transport dept to issue new auto permits after 7 yrs in Bengaluru
Two Wheelers
• Suzuki Motorcycle sales up 34 pc in December
• Hero MotoCorp December sales decline 4% at 4,53,985 units
• Eicher Motors December sales dip 13% at 58278 units
• Bajaj Auto sales up 18 per cent in December at 3,46,199 units
Auto Components
• RINL records 29% growth in sales at Rs 14,687 crore in April-December
Automotive
• Sonalika Tractors December sales surge 14% at 6066 units
Oil & Lubes
• Oil companies not to recoup losses arising from Re 1per litre subsidy on petrol, diesel
• ONGC to reconsider govt's demand to list OVL: CMD Shashi Shanker
• Shell subsidiary receives oil products wholesale license in China
• Russian crude oil output reaches record high 11.16 million bpd in 2018
• Oil kicks off 2019 with losses on signs of economic slowdown, surging supply
• Iran to double down on investment in oil's growth engine India
• Indian Oil says Iran has not ruled out participating in Chennai Petroleum expansion
 
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