Morning Daily - 2019-04-05

ETAuto Newsletter | Friday, April 5, 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
• Maruti cut vehicle production by around 21% in March
• New spec criteria may increase cost of electric 2W & 3W
• Suzuki Motorcycles appoints Koichiro Hirao as new President of Indian operations
• RBI cuts key rates by 25 bps in April
• Tata Autocomp to make battery packs for EVs, signs a JV Chinese company Guoxuan Hi-Tech
• This start-up claims to have built 1000 Km range battery
• From BS-VI to EVs, Piaggio has a clear roadmap for three-wheelers. But is it the best route? ET Prime
• Renault India to launch seven-seater Triber in July
• Micromax co-founder Rahul Sharma ventures into electric mobility space
• Tata Harrier Effect: FCA launches Sports trim of Jeep Compass at Rs 15.99 lakh
• JSW pulls the plug on EVs, but the reasons remain a mystery HBL
• Consumer goods companies cautious over Skymet monsoon forecast
• Battery reality: Theres nothing betterthan lithium-ion coming soon HBL
• Himachal Pradesh makes vehicle tracking device mandatory for new vehicles
• BMW Group India posts highest-ever Q1 sales growth of 19%.
• Volvo Cars India posts 25% growth in domestic sales in FY19
• RBI lowers GDP growth forecast to 7.2% for 2019-20
• Gallas to buy 2% shares from JC in Amara Raja Batteries
• Tesla deliveries drop due to challenges shipping to Europe and China
• How Diverse Teams Produce Better Outcomes Forbes
• The Evolving Energy Ecosystem: Smart Grids To Smart Energy Forbes
Industry
• Despite second RBI action, bankers non-committal to cut rates
• L&T sells 51% stake in JV to partner Kobe Steel for Rs 43.5 crore
• Overall credit growth not broad-based, to MSMEs it's muted: Shaktikanta Das
• Export growth remains weak on the back of global headwinds: RBI
• Government meets fiscal deficit of 3.4% in 2018-19
• Daimler opens Mercedes-Benz plant in Moscow region
• Rupee slips 24 paise against dollar ahead of RBI policy decision
• Ex-Nissan chief Ghosn rearrested on new charges
Passenger Vehicle
• 007 carmaker lashes out at prospect of no-deal Brexit
• Sufficient cash despite delivery drop in 2019: Tesla
• Tesla deliveries drop due to challenges shipping to Europe and China
Two Wheelers
• Bajaj Auto launches 2019 Dominar 400 at Rs 1.74 lakh
• Berlin opens way for e-scooters on German streets
Auto Components
• Energy group Total's Saft arm strikes China batteries deal
• ZF bags double digit value order new 8-Speed Automatic Transmission
• Canada tribunal recommends tariffs for 2 types of steel, exclusion for others
Auto Technology
• GM, Ford and Toyota join to advance self-driving testing, standards
• Continental announces organisational changes in chassis & safety division
Auto Finance
• We deal mostly in used CVs, fall in new vehicle sales wont impact us: R Sridhar, IndoStar
• ChrysCapital leads a Rs 220cr investment round in LivGuard
Oil & Lubes
• US likely to renew waivers to countries importing Iranian oil, including India
 
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