Morning Daily - 2019-08-08

ETAuto Newsletter | Thursday, August 8, 2019

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
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Top Stories
• Army values & culture helped this dealer fight all battles
• About 63% vehicle makers don't test half of hardware and software technologies: Report
• Slow down in auto industry poses a threat to Govt's financial arithmetic, need short term aid in form of tax cut to revive: Anand Mahindra
• Production holidays: Bosch to shutter two plants for 13 days in Aug
• Opinion: Smart Manufacturing will define future strength of enterprise and economy
• Auto Industry leaders meet FM; demand easing of lending from banks
• Relaying of rate cuts must to help auto sector: Experts
• Maruti cuts production by 25 per cent in July, sixth month in a row
• Continental to Eliminate Jobs, Cut Costs in Shift to E-Cars
• Cummins India promotes Ashwath Ram as ABO leader and Managing Director
• Kia Motors eyes global markets with made-in-India Seltos
• Mahindra warns of job losses in auto sector, seeks govt help
• EV push slowing down demand for petrol, diesel cars: Auto companies to finance minister
• Slowdown in the auto sector one of the 15 considerations for RBI to cut repo rate
• Tata Motors announces block closure at Pune HBL
• Considering electric option for mass segment 2-wheeler market in India: Benelli
• EVs to account for 80% of global shared mobility fleet by 2040: Report
• M&M consolidated Q1 PAT plunges 53% at Rs 894 crore
• Amid prolonged slowdown, auto sector witnesses massive job losses HT Mint
• Trump's Clean Car Rollback Will Cost Up To $400 Billion, Increase Transport Emissions 10% Forbes
• M&M to expedite EV projects, to invest on more electric four wheelers
• Hyundai Grand i10 Nios bookings commence
• China-owned British brand MG launches pickup in Thailand Nikkei Asian Review
• These are the 10 cars stolen more frequently than any others WXYZ
• Should Financial Success Be Your Ultimate End Goal? Forbes
• As Job Market Slows, Risks For Older Workers Loom Large 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
• RBI slashes key policy rate by 35 bps to 5.40%
• Tamil Nadu electric vehicle policy draft may have sops for early adopters
• RBI Governor Shaktikanta Das expects economy to revive soon, feels slowdown cyclical, not structural
• HC issues notice on safety norms for school vehicles
• Unions go against Motor Vehicle Act
• GM wins victory in ignition switch defect litigation
• Indore: Slow business puts 30% transport vehicles off road
• Nissan partners with EVgo to install EV charging infra in US
• 2-wheeler companies take small price hikes
• Andhra to help revive MSMEs with financial aid
• Ministry to issue norms this week for NBFC asset buy scheme
• 25% rebate on land for setting up charging points
Passenger Vehicle
• Nissan introduces new entry level diesel variant of Kicks SUV
• Tesla Scrutinized by U.S. Agency Over Model 3 Safety Claims
Commercial Vehicle
• Nashik: Drivers of heavy commercial vehicles now give fuel consumption test to renew license
• NMC urged to rationalize Aapli Bus service on Metro route
• Bihar: Fire extinguishers must in all buses
• Nashik: NMC to develop 17 bus terminals, 389 shelters
• Punjab-run luxury bus service to Delhi airport remains suspended
Two Wheelers
• Revolt Intellicorp rolls out RV 400 from Manesar Plant
Aftermarket
• BMTCs loss is private firms gain; 2 more roll out last-mile connectivity services at Metro stations
Auto Components
• Tata Steel board approves of MoU with Synergy Metals and Mining Fund for divestment of Tata Steel Thailand
• Tata Steel Q1 profit plunges 65% to Rs 683 crore; misses estimates
• Continental Q2 PAT falls 41% at 485 million
Auto Technology
• Toyota turns to AI startup to accelerate goal of robots for the home
• Tata Elxsi moves focus away from driverless tech
Oil & Lubes
• Weaker dollar, possible producer action buoy oil prices after 4% slump
 
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