Morning Daily - 2019-02-08

ETAuto Newsletter | Friday, February 8, 2019
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Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
Top Stories
• India shows its colour: Only 4 of 10 cars are white vs 8 globally
• Hit by low demand, now carmakers offer discounts on best selling models too
• Volkswagen may exit Indias sub-4m Sedan race next year
• RBI Rate cut may bring only little cheer to auto sector
• ARAI developing technology to transform existing 3W into EV
• Audi to launch 10 new products including A8, Q8 and e-tron
• 65,000 km highways to be constructed by 2022: Nitin Gadkari
• Tata Motors reports massive Rs 26,961 crore Q3 loss on one-time hit from asset impairment at JLR
• Uno Minda builds a buffer: How the auto-parts group is diversifying into safety components ET Prime
• Indian automobile retail grows 8.5% MoM in January
• Lamborghini sees 60% sales growth in India this year
• Fiat Chrysler, Bosch agree to pay $66M in diesel legal fees: Filing
• Honda drives in special editions of Amaze, WR-V, Jazz
• No road tax on vehicles being run for people with disabilities
• No deal Brexit will force 3-weeks JLR plant shutdown in April, profitability to be hit: Tata Motors
• Tesla Model 3 deliveries in Europe facing delay, says report
• Return of the car manufacturers to Formula 1 Https://www.livemint.com
• How To Stay Motivated During Your Job Search Forbes
• Low Wage, Not Low Skill: Why Devaluing Our Workers Matters Forbes
Policy
• RBI reduces risk weights for bank lending to NBFCs
Industry
• RBI rules out changes in one-day NPA recognition norms
• Rupee gains 11 paise to 71.45 after RBI rate cut
• Republican senators to Trump: Do not terminate NAFTA
• Fiat Chrysler shares fall 10 percent after weak 2019 guidance
• Govt to set up unified body to regulate IFSC financial services
• Rate cut will help revive sentiment, expect more down the line: Umesh Revankar, Shriram Transport Finance
• RBI projects 7.4 pc GDP growth for FY20
• RBI takes sharp U-turn, lowers repo rate by 25 bps in first cut since Aug 2017
• Rupee falls 20 paise to 71.76 vs dollar in early trade
• No cut in subsidies, expect more tax steps in full budget: Piyush Goyal
• Great global cool-off: Inflation falling, growth slowing in key countries
Passenger Vehicle
• Continued weak demand could lead to further impairment at Tata Motors
• Toyota to drive in new SUV to take on Jeep Compass
• Lamborghini drives in Huracan Evo to India at Rs 3.73 crore
• GM reports strong profits on good sales of pricier vehicles
• Volvo Cars feels margin pressure from U.S.-China tariff war
Aftermarket
• Leo Burnett Orchard bags Ola account for brand marketing duties
Auto Components
• Nippon Steel joint venture to be equity accounted: ArcelorMittal
• Subaru cuts annual profit forecast on plant outage
Auto Technology
• Tesla knocks off $1,100 from Model 3 price, still doesn't meet target rate of $35K
• Dassault Systems inaugurates 3DEXPERIENCE centre in Chennai
Oil & Lubes
• Gail sets up satellite LNG station in Bhubaneswar
• Oil firms after two days of losses; eyes on Trump address
• US oil prices dip on rising crude inventories, record output
 
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