Morning Daily - 2019-02-27

ETAuto Newsletter | Wednesday, February 27, 2019
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Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
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Top Stories
• Delhi govt allocates Rs 100 crore for electric vehicle fund in 2019-20 budget
• Toyota to bring hybrid, plug-in hybrid in B and C segment to meet CAF-II
• Groupe PSA chooses Citroen brand for its India launch, to roll out locally produced cars by 2021
• Showroom flouts law, gets suspended by RTO
• Maruti Suzuki electric Wagon R to come with fast charging; expected to price between Rs 7 lakh-Rs 10 Lakh
• Half the govt vehicles in Bengaluru will be electric by 2019: George
• Your German car is made in India: how Force Motors is helping BMW and Mercedes with localisation ET Prime
• No-deal Brexit or "short" delay? British PM May offers lawmakers a choice
• GPS in all vehicles by next year: Kerala Transport Minister
• Oil marketing cos permit dealers to operate more than one petrol pump
• SEC wants Elon Musk held in contempt of court for Tesla post on Twitter
• Investors flee NBFCs after shock of defaults
• April-January fiscal deficit at 121.5% of full-year target
• Back to the wall, M&M banks on SsangYong-derived car to rev up SUV sales Business-standard.com
• Mitsubishi plans new plant in India to make hybrids, motors @businessline
• Demand for higher steel grades to fuel imports in 2019: CARE Ratings Business-standard.com
• Do You Have What It Takes To Be The Boss? Forbes
• Revealed: The Single-Most Overrated Job Qualification Forbes
Industry
• Fiat Chrysler to cut nearly 1,400 jobs at Illinois plant
• Auto firms pulled their brakes in Q3; analysts say Q4, too, holds little hope
• FCA to invest $4.5 bln in Michigan plants, create 6,500 new jobs
• Rupee logs 1st loss in 3 sessions, slips 10 paise against dollar
• India again extends deadline to impose high import duties on 29 US products till April 1
• Four reasons why SME brands struggle to adopt personalised marketing
• Steel sector has turned out to be one of the major beneficiaries of IBC: ICRA Ltd
• Toyota extends support to CII for Future Mobility Show 2019
• Consumer market to treble by 2028 to Rs 335 lakh crore: Report
• India's growth momentum likely slowed in late 2018: Reuters poll
• VW shuffles management responsibilities at core brand
• US-China trade talk outcome may take longer than it appears: Seth R Freeman
• Foreign direct investment inflows fall amid pre-election uncertainty
Passenger Vehicle
• Maruti Suzuki and Delhi Police launches RLVDS and SVDS initiative
• VW creates entry-level JETTA brand to capture first-time buyers
• Peugeot hits the road again in the Americas
• Carmaker PSA lifts profit outlook after record 2018 earnings
Commercial Vehicle
• DTC to replace 5,000 ticket machines with advanced versions
Auto Components
• BASF annual profits tumble as car woes, trade wars bite
• Hyundai Mobis to spend $2.3 bln on shareholder returns, name heir apparent as new CEO
• Sharda Motor, Eberspaecher form JV to make BS-VI compliant exhaust systems
• BYD breaks ground on 20 GWh EV battery plant
Auto Technology
• When a thief tried stealing a Tesla - and ended up in jail, thanks to the car's connected app
• Car industry will be big 5G customer down the road, says SEAT
Oil & Lubes
• ONGC to sell 9.5 million tonnes of liquefied natural gas a year from Mozambique project
• Petrochemical complexes to boost turnover of BPCL Kochi Refinery
• CNG supply likely to bring down prepaid auto fare by 20% in Patna
 
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