Morning Daily - 2019-06-03

ETAuto Newsletter | Monday, June 3, 2019

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
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Top Stories
• Chinese automobile companies step on the gas to invest in India
• GST cut on auto, incentive to scrap old vehicles on SIAM's budget wish list
• Passenger Vehicle sales continue to slump for 7th straight month
• Automobile dealers expect weak earnings in FY19: Report
• Audi India slashes price of A3 sedan by Rs 5 lakh
• Piaggio eyes recovery in demand from 2nd half of current year
• The importance of being IndiGo: It has to roll in profits for the others to just survive ET Prime
• No plans of investing in tracks in India at present: Honda
• Maruti plans more experiential initiatives for new-age consumers after withdrawing from motorsports
• Will work with full strength to increase job opportunities in MSMEs: Gadkari
• GDP growth may cross 7.5% if reforms accelerate: David M Solomon, CEO, Goldman Sachs
• RBI may cut interest rate by at least 25 bps: Experts
• M&M to expand African footprint, plans manufacturing units in Sudan, Kenya Business-standard.com
• Utility vehicles array in auto market as India's aspirations rise Business-standard.com
• The sudden rise of the subcompact crossover Automotive News
• Renault's Senard, the 'Anti-Ghosn,' is a stabilizing force Automotive News Europe
• What New Graduates Need To Know When Starting A Global Career Forbes
• How To Break Free From An Unfulfilling Career Forbes
Monthly Sales Report Card
• Maruti Suzuki domestics sales down 23% in May
• M&M domestic sales decline by 2% in the month of May
• Hero MotoCorp May sales up 13.5% to over 6.5 lakh units
• Honda Cars sales dip 28% to 11,442 units in May
Industry
• Kerala: In 2018, over 17,000 driving licences suspended
• 30 vehicles gutted in parking yard in Delhi
• New vehicles yet to get high security number plates
• Buses, Metro may be free for women in Delhi
• Access to funds, classification of NPAs still worrying MSMEs
• GST collections in May at Rs 1 lakh cr
• Lawyer for former Nissan chairman Ghosn slams bail limits
• GVMC plans e-vehicles for city to fight climate change
• Rate-cut hopes push yield to 18-month low
• Slow down in Q4 due to stress in NBFC sector: Garg
• IIT-Delhi looks to rope in international experts for its electric vehicles centre
• Vehicles registered outside Maharashtra on RTO radar
Passenger Vehicle
• Tesla to make Model Y SUV at its California factory
• Luxe on wheels: Bugatti's $13 mn La Voiture Noire is a dream drive for vintage car enthusiasts
Aftermarket
• Ola, Oyo on UK-India Awards 2019 shortlist
Auto Components
• As JV talks with ArcelorMittal face delay, SAIL starts looking for options
• Tata Steel completes acquisition of Bhushan Energy
• Swedish auto supplier SKF to pass on impact of U.S. Mexico tariffs
Oil & Lubes
• Crude oil futures fall on weak global cues
 
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