Morning Daily - 2019-06-29

ETAuto Newsletter | Saturday, June 29, 2019

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
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Top Stories
• ETATS 2019: Smart manufacturing will pave the way for mobility megatrends in India: Special Secretary (Logistics)
• Ola, Uber told to withdraw car pooling services in Bengaluru
• Toyota Kirloskar Motor signs wage settlement agreement
• Tata Motors-owned JLR looks to build on foundation of ten years in India
• Honda to recall 1.6M vehicles, finish Takata recalls early
• ZF announces WABCO shareholder approval for planned acquisition
• Making India drive only on EVs may be a long haul. Heres why. ET Prime
• Auto dealers body seeks industry status for auto retail sector in Budget
• M&M working on maximising retail: Veejay Ram Nakra
• Going Green: Ekart to deliver on electric vehicles
• Ola invests in Avail Finance, to build financial solutions for driver-partners
• Forex reserve hits record high of $426.42 billion
• Dealers to get input tax credit on GST for the post-sale discounts Business-standard.com
• Toyota to invest $2bn in Indonesia as electrification accelerates Nikkei Asian Review
• Michigan Matters: Mobility and the Motor City on the Move Detroit.cbslocal.com
• Why BMW backs batteries over fuel cells for passenger cars Automotive News Europe
• To Succeed At A New Job, Focus On These 13 Actions During Your First Week Forbes
• Job Interview Tips: Six Steps To A Salary Increase Forbes
Industry
• India-US ties have never been better: Trump to Modi
• Government to soon launch portal to boost innovation in MSME sector
• Need to relook Niti Aayog functioning, give fund allocation powers: Ex-RBI Deputy Governor
• Next course of action on NBFCs to be based on RBI's June 7 norms on stressed assets: SBI
• FM Nirmala Sitharaman faces daunting task of boosting growth with fiscal prudence
• India received $1.81 bn FDI from China during Apr'14- Mar'19: Piyush Goyal
• Fiscal deficit hits 52% of budgeted target in first 2 months of 2019-20
• Modi, Trump agree to facilitate early meeting of commerce ministers to sort out trade disputes
• Paris bans up to 60% of its cars as heatwave worsens pollution
• VW trucks division Traton coasts on stock market launch
• Due to anomalies in IBC, corporate NPAs can lead to bankruptcy in MSMEs: FISME
• India has scope to boost budget without stoking inflation: Economist
• US rate cut may lead to spillover effects
• Nissan ex-chair Ghosn holding news conference in Tokyo
• Bengaluru: On the phone and driving? Be prepared for Rs 1,000 penalty
• Kolkata: Hidco plans vehicular underpasses at Narkelbagan, Chinar Park to unclog roads
• Citing Brexit and growth, EU carmakers predict market drop
• IIT-Madras centre charges up India for e-vehicles
Passenger Vehicle
• Tesla says Shanghai car fire caused by failed battery module
• UK could lose new Astra model over Brexit: Carmaker PSA
Commercial Vehicle
• VW expected to reap 1.55 bln euro from truck unit Traton IPO: Bookrunner
Aftermarket
• Tora Cabs set to roll out ride hailing service in Hyderabad
Auto Components
• Tata Steel unveils work in high-speed transport in Europe
Oil & Lubes
• ONGC seeks partners to raise output from 64 small fields
 
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