Morning Daily - 2019-07-02

ETAuto Newsletter | Tuesday, July 2, 2019

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
Top Stories
• Complete Auto Sales Analysis June 2019: Domestic Sales continue to slide
• Union Budget 2019: Heres what industry expect
• Slowing run in scooter segment to dent TVS valuation premium
• ETAuto Tech Summit 2019: Glimpses from Day 1
• GST may become two-tier tax with merger of 12%, 18% slabs: Arun Jaitley
• More than 50% of MG Hector bookings attributed to petrol variants
• Opinion: Will Budget 2019 unveil incentive for automobile industry?
• Centre wants states to share the ride
• Budget Expectations of Automobile Industry - AutoLogue by Gaurav Karnik
• Charging cant even pay the attendants salary: why finding a charging point for EVs isnt easy ET Prime
• No control over steel price: Government
• Michelin has tech to track overloading, but will truck owners in India want it? HBL
• Govt should lay down emission roadmap and let industry decide on tech HBL
• A delayed monsoon aggravates matters for tractor manufacturers Https://www.livemint.com
• CPPIB-backed IndInfravit to acquire Sadbhav's nine road assets for ?6,610 crore Https://www.livemint.com
• Motorcyclists risk 'Russian roulette' under new auto insurance law Detroit News
• BYD debuts design hub to sculpt next-gen electric cars Nikkei Asian Review
• Five Predictions: The Impacts Of AI And Automation On The Future Of Work Forbes
• 4 Steps To Gain Freedom From Your Job Forbes
Monthly Sales Report Card
• Maruti Suzuki domestic sales slumps for third consecutive time in FY'20
• Hyundai India records 7.3% decline in domestic sales in June 2019
• Bajaj Auto domestic sales down 2% in June
• Tata Motors domestic sales tank 14% at 49,073 units in June
• New launches help M&M to post 4% growth in PV sales in June 2019
• Toyota Kirloskar Motors domestic sales decline by 19% in June
• Ashok Leyland sales down 14% in June
• VECV June sales slips 28.5 at 4569 units
• TVS Motor June sales slip 5% at 297,102 units
• Mahindra Farm Equipment domestic sales down 19% in June
Industry
• Big budget challenge: A slowing economy shows its pain points
• Eight core sectors grow by 5.1% in May; sharp revision in April numbers
• Work on in full swing for three-tier Gariahat parking lot
• Govt sets up high-powered committee to look into agrarian issues
• FIIs hope for Budget boost to investment, consumption demand & relief for NBFCs
• Motown showing signs of initial stabilisation: Chirag Jain, SBICAP Sec
• Unemployment among educated at 11.4%: Govt
• GST collection dips below Rs one lakh crore in June
• New credit scheme for small, medium enterprises to encourage job creation: Gadkari
• Jeep is India's most trusted automobile brand: Brand Trust Report 2019
• Govt considering giving more powers to RBI to regulate NBFCs: FM Niramala Sitharaman
• GST return filing remains less than desired, GSTR-3B compliance around 60 percent
• N S Vishwanathan re-appointed as RBI deputy governor for one year
• GST restructured one of the world's clumsiest indirect tax systems: Jaitley
• Chinese brands to fill the gap left by Western carmakers in India
• This Budget, the Government needs to abolish angel tax for startups: IAN's Saurabh Srivastava
• India's manufacturing sector growth moderates in June amid softer rise in orders: PMI
• Stringent European emission rules impose $39 billion threat on auto industry
• Dispelling irrational pessimism about NBFCs
• Animal spirits are back in Indias Startup Inc
• Two years of GST: The past, present and expectations
• Paris clamps down on older diesel cars
• Rupee opens 8 paise up at 68.95 against dollar
Passenger Vehicle
• Strategic European Investment Group may acquire another 3% stake in Aston Martin
Commercial Vehicle
• Section of MTC workers go on strike, commuters face harrowing time
Auto Components
• Liberty Steel acquires ArcelorMittal assets in Europe for 740 million euros
• Copper hits 6-week high after US, China agree to restart trade talks
Oil & Lubes
• Indian oil companies output from foreign assets up
• Crude oil futures up on positive cues
• OPEC set to extend oil supply cut as Iran endorses pact
• Iran says Opec unity necessary for cooperation with non-Opec producers
• India lowers tariff for KG Basin pipeline network by 64 per cent
 
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