Morning Daily - 2019-06-04

ETAuto Newsletter | Tuesday, June 4, 2019

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
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Top Stories
• Mahindra invest Rs 1000 crore in developing BS-VI technology
• Bajaj Auto to drive in EVs this year
• Maruti, TaMo May volumes plunge, but stocks holding the ground, why?
• Harman invests Rs 350 cr to expand Chakan Plant; to hire 400 workers
• Kia Motors names its first mid-SUV as Seltos; launch in the second half of 2019
• Is the e-way bill system another inspector raj? @businessline
• Maruti Suzuki sells 6 lakh Baleno in 44 months
• As NBFC Disbursements to Auto Sector Slump, Used Vehicles Pick Up Slack
• Mitsubishi Corp to hike stake in TVS Automobile Solutions from 3% to 25% Business-standard.com
• Great beginning for govt again; fuel prices slide on global cues
• Mahindra & Mahindra to move to BS-VI norms ahead of plan
• Tiremakers anticipate sales revival following elections
• GST on the Highway @businessline
• Hail no more! Ola, Ubers ride growth slows to a crawl
• Mahindra & Mahindra Benefit Trust sells M&M shares worth Rs 1,244 crore to Canada's CDPQ
• India's factory output rises to 3-month high in May
• Tata AutoComp partners with Fortaco Group to make cabins for off-highway vehicles
• Japan mandates cars to be 30% more fuel efficient by 2030 Nikkei Asian Review
• The First French-U.S. Auto Merger Didn't Save AMC, But Did Produce A Beloved First Car Forbes
• U.K. Car Sales Peaked In 2017 With Plummeting Demand To Blame, Not Just Brexit Forbes
• Why AI Will Redefine (Not Replace) Jobs Forbes
• Trade Worries Continue To Weigh As Market Looks Toward Fed Speakers, Jobs Data Forbes
• TUV, KUV, but whither customer LUV? Why M&M desperately needs to up its compact SUV game ET Prime
Monthly Sales Report Card
• Hyundai India records 5.6% decline in domestic sales in May 2019
• Ashok Leyland domestic sales up 6% at 12,778 units in May
• Bajaj Auto domestic sales up 5% in May
• TVS Motor sales marginally down in May to 307,106 units
• Suzuki India records 17.7% growth in domestic sales in May 2019
Industry
• Canada auto sales fall 5.9% in May
• RBI modifies large exposures framework for bank
• Major automakers post U.S. May sales increases
• India to become 5th largest economy globally this year; 2nd in APAC region by 2025
• US decision to withdraw GSP incentives taken in haste, will hurt exporters: CII
• Nissan optimistic about FCA partnership, but wants right terms: Source
• German chipmaker Infineon to buy Cypress in $10 billion deal
• Elon Musk may bring this popular game on a Tesla car
• SoftBank's service to help power self-driving buses, farm machinery
• RBI MPC starts discussions on monetary policy review
• M&A activity saw sharp decline in Jan-Mar quarter: EY India
• Svahn appointed CEO at brake systems maker Haldex
• Fiat's French appeasement game is means to an end
• M&M to launch BS VI compliant vehicles soon
• Instead of growth, auto sector likely to decline in FY20: Chirag Jain, SBICAP Sec
• Will stick to priorities in highways; contribute towards path chosen: Gen VK Singh
• KSRTC to operate 15 bus services to Tamil Nadu
• Donald Trump's trade threat to India demands cool heads
• India's manufacturing sector growth gains momentum in May: PMI
• Global recession fears grow as manufacturing shrinks across Asia
• Acko acquires car retailing platform VLer Technology
• Rupee rises 31 paise to 69.39 vs US dollar in early trade
• Auto shares in the green; Hero MotoCorp up 4%
Passenger Vehicle
• Datsun equips Go and Go+ with vehicle dynamic control technology
• First all-electric police car hits Australia roads
• After world's most-expensive Bugatti, Cristiano Ronaldo adds McLaren Senna worth Rs 6.6 cr to his collection
Auto Components
• Expansion of SAIL will be in 2 phases: Chairman A K Chaudhary
Oil & Lubes
• Goldman Sachs sees oil prices steadying at current levels
• Russia meets Opec+ target amid dirty crude oil crisis
• Oil prices slide as trade wars roil financial markets
 
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