Morning Daily - 2019-08-03

ETAuto Newsletter | Saturday, August 3, 2019

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
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Top Stories
• Maruti Suzuki cuts temporary workforce by 6% as sales sink
• 2019 Lexus LC 500h to launch in India next year: Here is our first drive impression
• HMSI recalls 50,034 units of four variants
• Tata Motors announces partnership with Tata Power to set up public EV charging infrastructure
• From Hero MotoCorp to Bajaj Auto: Two-wheeler sales continue to go down Business-standard.com
• Mahindra cuts e-Verito price by up to Rs 80,000
• Hyundai reduces Kona EV price following GST cut
• Its a gadget, its an SUV: The Hyundai Venue has found a way to get young buyers to the showrooms ET Prime
• High import duties keeping Tesla off Indian roads: Elon Musk
• Kia Motors revs up service & training network in India
• Slump in auto sector pulls down Mahindra Logistics profit by 24 percent
• New Motor Vehicles Bill will improve fleet utilisation: IFTRT
• Clear & present danger: Jobs to get hit as auto sales decelerate
• Maruti Suzuki releases sketch of XL6 premium MPV
• Electric ambition: BHP eyes EV market with speciality chemicals
• Auto companies to use alliances and M&As to acquire tech innovation, EY-CII survey finds
• Ashok Leyland plans cost-cutting to save Rs 500 crore this year amid slowing sales
• Jitendra e-vehicles welcomes government's move to keep EV pocket friendly
• ZF Friedrichshafen cuts outlook on car sector downturn
• Newly formed Lordstown Motors Corp. moves on plans to buy GM plant Detroit News
• Michigan auto sector looks to defense industry as sales slow Detroit News
• Auto Industry Analysts React To The Fed Rate Cut: Meh Forbes
• Five Tips for Negotiating Jobs Forbes
• July Jobs Report: Another Record-Breaking Month For Job Creation Forbes
Industry
• RBI seen set for 4th interest rate cut of 2019
• Government to waive advance approvals for MSMEs
• FM to meet heads of public and private sector banks on Monday
• Steel traders face crisis as prices dip, demand falls
• Ford partners with Centrica for EV solutions in UK and Ireland
• Ampere founder Hemalatha may exit company next year
• Indonesia plans incentives to boost electric vehicle industry
• India slips to 7th largest economy in 2018: World Bank
Passenger Vehicle
• Luxury sports carmaker Ferrari Q2 profit soars 14%
• Minivan sales keep falling, but experts say they'll live on
• Volvo Cars, China in first blockchain project for recycled cobalt
• Fighting pollution: Army launches fleet of 10 e-cars in Delhi
• Nissan to fix suspensions on about 200K Altima midsize cars
• Honda first-quarter operating profit drops 16% on lower U.S. car sales
• Toyota faces Australian class action over claims of faulty diesel filters
Commercial Vehicle
• BEST side up: Bus arrival app this month
• Bhopal: City buses monthly pass to cost more
• BIHAR: Govt plannning to procure electric buses under FAME II
Aftermarket
• Lyft suspends e-bikes after battery fires
• Ola launches services in Queensland
Auto Components
• Exide net profit up 7% in June quarter
• HC stays govt order declaring auto components manufacturing industry as PUS
• Bosch eBike Systems partners with Magura in Germany
Tyres
• Rivigo partners with JK Tyre to introduce TPMS in CVs in India
• JK Tyre gets 26% in Treel Mobility
Auto Technology
• Navya partners with Esmo and SK Telecom for autonomous vehicle platform
• VW's Electrify America in venture for automated self-charging facility
• Cabonline partner with HERE for mapping and location services
• Bought a new car? It could be vulnerable to deadly mass cyberattacks, claims a report
• UK to get automated parking solutions testing facility
 
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