Morning Daily - 2019-08-02

ETAuto Newsletter | Friday, August 2, 2019

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
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Top Stories
• Complete Sales Analysis July 2019: Auto sector in slide mode: Sales dip across categories as sentiment stays weak
• Sales slumps in China, India clobber automakers banking on Asia for growth
• Ashok Leyland undertakes cost cutting measures to save Rs 500 crore Business-standard.com
• Passenger vehicles volumes to come under further pressure in August
• Government reviewing its stance on combustion engine ban: Rajiv Bajaj
• Tata Motors drops Tigor EV prices by Rs 80,000 post GST cut
• Ceat lowers capex for FY20 by 20%
• Maruti bats for CNG, hybrid cars to reduce oil imports, air pollution
• We are sitting with individual auto dealers and working out plans: PK Gupta, SBI
• Its a gadget, its an SUV: The Hyundai Venue has found a way to get young buyers to the showrooms ET Prime
• Bosch to suspend production for 3 days at Bidadi plant
• SML Isuzu joins electric vehicle juggernaut
• Euler Motors to launch electric 3-wheeler LCV in 2020
• Ather slashes price of electric scooters following GST reduction
• How app-based cab rides are set to get smoother Https://www.livemint.com
• Green move: Charging e-vehicles now cheaper in Delhi
• Planning to buy e-vehicle? EV firms trim prices after GST breather Business-standard.com
• Volkswagen partners with software firm hastobe GmbH for EV charging
• Mazda Q1 profit disappoints, hurt by weak U.S., China sales
• India offers its unused electric vehicles to taxi fleets
• Foreign auto brands show hope for first 2019 sales gain Detroit News
• Nidec readies Chinese EV motor venture with Guangzhou Auto Nikkei Asian Review
• Wave Of New Auto Jobs In Detroit Will Play Crucial Role In Economy -- And Politics? Forbes
• Why Past Experience Is A Lousy Predictor Of Job Success Forbes
Monthly Sales Report Card
• Maruti Suzuki domestic sales plunges 36% at 98,210 units in July
• Hyundai Motor India sales down 4% in July at 57,310 units
• Tata Motors July sales dip 34% at 32,938 units
• Mahindra's total vehicle sales down by 15% at 40,142 units in July
• TVS Motor July sales drop 13% at 279,465 units
• Bajaj Auto sales down 5% at 3,81,530 units in July
• Toyota domestic sales slip 24% at 10,423 units in July
• Mahindra Farm Equipment domestic sales down in July by 11% at 19,174 units
Industry
• BP forms Chinese venture to build electric-vehicle charging hubs
• Siemens points to deteriorating demand as profit falls
• Can retail investors light up Diwali for NBFCs?
• Trump says US to hit $300 billion worth of Chinese goods with 10% tariff
• India's current economic problem not as bad as in 1991: Former RBI deputy governor Rakesh Mohan
• Inclusion of women a must to ramp up start up ecosystem: Experts
• RBI allows Bank of China to offer regular banking services in India
• Toyota Technical Training Institute celebrates Graduation of its 10th Batch
• FCA India President Kevin Flynn takes additional charge in Australia
• New approach to ensure Mumbai-Pune Expressway lane discipline
• Liquidity crisis casts shadow: NBFC top execs move out to join banks, fintech
Passenger Vehicle
• Fiat Chrysler posts weaker sales, higher net profit
• BMW second quarter hit by rising costs of manufacturing, emissions
Commercial Vehicle
• Pickup trucks drive GM second quarter profit beat despite sales drop
• Mumbai civic body to bail out BEST, pay off Rs 1,200 crore loan dues
• JCBL launches Destiny super-luxury Travel Coach at Prawaas 2019
• Chennai: Government shifts gears, brings BRTS back on track
Auto Components
• ArcelorMittal cuts steel demand view on Europe slump
• Lithium Industry Buildup Is Outracing the Electric-Car Boom
• ZF Aftermarket extends its brake disc product range for Tesla Model S
Tyres
• JK Tyre Q1 PAT slips 77% at Rs 16 crore
• Ceat Q1 profit up 15% at Rs 82 crore
Auto Technology
• Automakers need to adopt digital supply chain solutions: Report
Auto Finance
• Banks Go Slow on Lending to Auto Dealers
Oil & Lubes
• Oil prices steady after Trump trade tariffs spark plunge
 
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