Morning Daily - 2019-05-29

ETAuto Newsletter | Wednesday, May 29, 2019

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
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Top Stories
• India has the potential to lead electric two-wheeler race: Sachin Bansal
• Has the truck cycle peaked? Ashok Leyland investors face valuation dilemma
• Truck manufacturers push for fully built vehicles
• Scrap driving licences of those who can't read: HC
• If the market is good, we are good, if it is not so good, we are still good: VC Sehgal, Motherson Sumi
• Ather Energy raises $51Mn led by Sachin Bansal, plans 1 million unit factory
• Technology Management for the auto supplier industry - AutoLogue by V D Umashanker
• 22Motors acquires patent for Hill Assist feature
• Policy glare, steely resolve from competition: Maruti has bigger problems than rising inventory ET Prime
• Truck rentals down by 15% from Nov to May
• Vitara Brezza changed the compact SUV landscape HBL
• Greaves launches electric scooter Ampere Zeal
• Triumph Motorcycles launches new Scrambler 1200 XC
• Fiat-Renault deal leaves Peugeot in the M&A dust
• Benelli to roll out four more bike models in India by year end HBL
• NGT seeks report on Gujarat governments plan to buy 4,000 diesel buses
• Deficient pre-monsoon rains put almost half of India on drought alert Business-standard.com
• NIO postpones its electric sedan after rough first quarter The Verge
• How FCA's Elkann and Renault's Senard drew up merger plan Automotive News
• Hyundai plucks Nissan's Randy Parker to fill U.S. sales post Automotive News
• Piled-Up Inventory Prompts The U.S. Auto Industry To Cautiously Amp Up Discounts Forbes
• 10 Features On New Cars That Need To Go, Right Now Forbes
• Creating Pathways To Quality Jobs: Why Time Is Of The Essence Forbes
Industry
• Economic growth may have slipped below 7% in FY19, lowest in 5 years: ET Poll
• No rivalry, but brotherhood exists between Rajiv Bajaj and Siddhartha Lal
• Delhi: Wait over, 25 new buses to roll out in June
• U.S. auto sales seen slipping 2.1% in May: J.D. Power, LMC Automotive
• FDI inflows record 1st decline in six years in FY19
• Nio announces JV and 10 bln yuan investment plan from Beijing E-Town Capital
• Nissan gets cheap ride on Fiat Chrysler bandwagon
• Domestic sales have grown 22%, exports disappointed: Rajiv Batra, Cummins India
• French official: No jobs can be lost in Renault-Fiat merger
• 100-day agenda: Commerce ministry proposes to create separate dept for logistics
• New RBI guidelines all set to hit NBFCs margins & business growth
• GDP growth in Q4 likely to moderate to 6.1-5.9%, may lead RBI to cut rates: SBI report
• Karnataka: 170% jump in those losing driving licences for drunk driving in two years
• Rupee slips 22 paise to 69.73 vs US dollar in early trade
• Fiat Chrysler, Renault pursue $35 billion merger
• Auto shares in the green; Ashok Leyland up 2%
• Adjudicator says any security defence of U.S. auto tariffs at WTO 'very difficult'
Passenger Vehicle
• Tesla's China-made Model 3 may be priced in $43,400-$50,700 range
Commercial Vehicle
• Ashok Leyland market shares have grown in years transmission norms have changed: Gopal Mahadevan
• BYD launches first pure electric bus in Chile
• Daimler Trucks opens new cabin facility for the Russian truck market
• Electric bus service starts in Jammu city
Aftermarket
• Ola Electric appoints Arun Sarin as Independent Director
Auto Components
• BorgWarner expands to small premium SUV segment
• Elgi posts Rs 103.06 crore PAT in 2018-19
• RINL aims to produce 6.4 MT of liquid steel; 5.8 MT of saleable metal in FY20
• JBM Auto consolidated Q4 PAT up 6.63%
Auto Technology
• Israel auto safety firm TriEye raises $17 mln in Intel-led round
• Hyundai Motor Group develops new tech for EV weight estimation
Oil & Lubes
• Elections over, fuel prices begin to rise
• Brent oil firms above $70 as OPEC cuts and sanctions outweigh economic concerns
 
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