Morning Daily - 2019-04-25

ETAuto Newsletter | Thursday, April 25, 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
• Groupe PSA to source auto parts worth Rs 15k crore from India
• Triumph will sell pre-owned motorcycles to lower entry price-point into the brand
• Weak demand, high interest cost dent March auto sales
• EEPC India seeks copper scrap policy to curb inferior quality imports
• Ather Energy to enter Chennai in June
• Finance Ministry brings in changes in e-way bill system to check GST evasion
• The recipe for a smart auto-tech startup: an IIT professor, INR1 lakh, and a patient investor ET Prime
• BMW to buy cobalt direct from Australia, Morocco for EV batteries
• Audi launches Lifestyle Edition of Q7 and A4
• Mercedes Benz revamps two outlets in Nagpur
• Ford, Autonomic and Amazon sign agreement to develop connected mobility solutions
• Ford to invest $500M in electric vehicle startup Rivian
• Uber APAC chief Amit Jain resigns, to be replaced by Gore-Coty
• India should prioritize two-wheeler electrification: Study
• ZF reveals electric truck prototype for Japanese market
• TVS shifts up a gear; turns focus to on-demand mobility services Business-standard.com
• Four steps to 50 million jobs | Forbes India Forbes India
• Dream Job Alert! These Positions Will Pay You To Travel The World Forbes
Industry
• U.S. trade panel locks in steep duties on steel truck wheels from China
• New NMV track to ease traffic in Jaipur
• Nissan slashes profit amid Ghosn scandal, lagging sales
• US labor opposes USMCA in current form: Official
• Tata Elxsi reports revenue of Rs 1,597 crore in FY 19
• Nissan earnings cut is one symptom of distraction
• Composition scheme biz to now file simplified 'self-assessed' GST return quarterly
• Non-filers of GST returns for 2 months to be barred from generating e-way bills from June 21
• RBI steps up liquidity management to make rate cuts count
• Hyundai Motor profit jumps as South Korea, U.S sales offset China slump
• Adding to Ghosn woes, Nissan slashes profit outlook to near-decade low
• Nissan announces top management changes; promotes Yamauchi to COO
• Tesla CEO heads down perilous road in pursuit of profit
• Rupee slips 23 paise to 69.85 against US dollar on fund outflows
Passenger Vehicle
• Tesla promises return to profit in Q3 after large loss, may raise more capital
• Tesla-rival names former Tesla Model S chief engineer as CEO
• Jaguar XE SV project 8 laps Dubai Autodrome GP circuit in record time
• Tesla upgrades Model S, X cars, brings backs cheaper variants
Commercial Vehicle
• Truckmaker Volvo profit tops forecast as supply chain squeeze eases
Two Wheelers
• Triumph Motorcycles launches Speed Twin in India at Rs 9.46 lakh
Aftermarket
• Uber Faces Proposed IPO Tax in a Divided San Francisco
• This Estonian startup has become a thorn in Ubers side
Auto Components
• RINL eyes Rs 25,000-crore turnover in FY 2019-20
• China's Baosteel posts first quarterly profit drop since 2015
• Vizag Steel Plant eyes Rs 25,000 crore turnover in FY 20
• India's copper exports fell 70 per cent in 2018-19
Tyres
• Michelin confirms its 2019 guidance as Q1 sales rise
• Maxxis tyres appoints first distributor for Uttarakhand
Auto Technology
• EV owners can use Google Maps for real-time info on charging stations
• New way for self-driving cars to 'see' objects
Oil & Lubes
• Now US may offer oil to India on concessional terms
• Aramco's bond is "only the beginning", Saudi energy minister says
• Sanctions on Iranian oil bring U.S. drivers pain at the pump
 
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