Morning Daily - 2019-08-07

ETAuto Newsletter | Wednesday, August 7, 2019

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
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Top Stories
• Tens of thousands losing jobs as India's auto crisis deepens
• Opinion: 7 strategies India Inc needs to spearhead the EV revolution
• SoftBank looks to move on with Indian mobility sector
• Benelli drops plan to set up manufacturing plant in India after govt proposes a ban on two-wheelers
• Electric two-wheeler sales fall as only 5 firms get FAME benefits
• Slowdown Saga: BS-VI to dent auto industry in FY21
• Tata Motors replaces Nexon XT with new XT+ trim: Report
• Slowdown enters oil track: Oil consumption, imports decline
• Drivezy bets on US market, to expand to 10 cities in a year
• India Inc earnings disappoint, analysts warn of gloomy festive season
• Diesel engines likely to give way to petrol hybrid in new Innova model Https://www.livemint.com
• ICRA downgrades India's Tata Motors on JLR weakness
• Headwinds drain earnings power of battery firms despite decent Q1 Https://www.livemint.com
• ICRA curtails tyre industry revenue growth amid demand slowdown
• High interest rates, loan disbursals top MSME concerns
• Maruti Suzuki bets on CNG to meet BS-VI norms, expects 44% jump in sale Business-standard.com
• Cab aggregators to be governed by MV law, will need licence from state govts to operate
• Car Companies Must Collaborate, Or Tech Giants Will Take Over Forbes
• Europe??s Carmakers Face Existential CO2 Threat, Dwarfing Brexit, China And Tariff Problems Forbes
• If Your Work Lacks Purpose, Make It More Meaningful Through Job Crafting Forbes
• Dump lithium batteries, sodium ones best: CNR Rao
• How To Use Google??s Job Search Feature To Land A Job Forbes
• Truce at IndiGo? Not before Gangwal is fully sure that he wont be usurped. Even if it takes a stormy AGM. ET Prime
Industry
• Government of Singapore Investment Corp to infuse Rs 4,400 crore in IRB road assets
• Maruti Suzuki donates Rs 1 crore for flood relief
• Sitharaman, Gadkari meet MSMEs on access to credit, banks' reluctance to lend
• AP govt all set to launch Navodayam scheme for MSMEs
• Battery materials maker Australian Mines secures supply deal with S. Korean co
• Indifi raises Rs 145 crore in Series-C funding led by CDC Group
• UK car industry investment plummets by 257 million
• Safe Kerala project hit by infrastructure hurdles
• AI augmentation to power $2.9 trillion of business value in 2021
• NCLT gives go ahead for merging of Minda Corp's five subsidiaries
• Gurugram to get 2 transit hubs linking metro, orbit rail and bus routes
• Trichy: Metered autos face threat as RTO looks other away
Passenger Vehicle
• Mercedes-Benz offers subsidies to retrofit older diesel cars in Germany
• Japanese car sales in South Korea dips 32% amidst tension between two nations
Commercial Vehicle
• Daimler develops modular and flexible EV charging concept
• UPSRTCs free rides for sisters on Rakshabandhan
• BEST gets GPS, panic buttons in all buses; common card from November
• Will procure 3,035 buses by May 2020, Delhi government tells SC
Two Wheelers
• Benelli plans to launch affordable 400cc motorcycles in India
Aftermarket
• Helmet maker Steelbird offers to set up plant in Jammu & Kashmir
• Chennai Metro Rail launches feeder service cabs
• Vishakhapatnam: As tourists go for app-based cabs, rental services see red
Auto Components
• Copper sends a message to markets that growth is already wrecked
• Vedanta to focus on 'purse strings' amid aluminum expansion
• Need firm policy for scrapping old vehicles: JSW group chairman Sajjan Jindal
• Minda Industries Q1 PAT down by 30% in FY20
• Car market slowdown threatens jobs at Bosch
Oil & Lubes
• Easier norms likely to pump-prime fuel retailing segment
• Oil prices drop as US-China trade dispute stokes demand worries
• Reliance Industries partners BP to set up 5,500 fuel stations
 
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