Morning Daily - 2019-08-09

ETAuto Newsletter | Friday, August 9, 2019

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
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Top Stories
• Indian auto parts maker braces for plant shutdowns amid industry-wide crisis
• BS-VI compliant lubes to push cost up by 15%: Gulf Oil India MD
• Captains of Indias automobile industry agree to disagree on GST
• How safe are electric vehicles?
• Dealers perched precariously on the edge as car sales fall off the cliff HT Mint
• UM Motorcycles to restart sales this year, company undergoes restructuring Moneycontrol
• MoHI sanctions subsidy for 5,595 electric buses for 64 cities
• Kia Motors targets to produce one lakh cars this year; to launch an MPV in six months
• Tesla owner lawsuit claims software update fraudulently cut battery capacity
• Mahindra considers second US plant in Michigan
• Slowdown in auto industry has impacted steel sector: Tata Steel CEO
• Panasonic bets on EV infrastructure, digital factory solutions
• Only GST cut can prompt consumers to start buying cars: Pawan Goenka
• Mercedes-Benz India launches a new finance scheme 'Wishbox'
• Alert! Your safety has been compromised. Uber, Olas much-touted panic button just rings hollow. ET Prime
• Thai insurer offers world's first auto coverage to start and stop with engine Nikkei Asian Review
• Uber quarterly revenue misses estimates, sees pricing pressure easing
• Honda to move Accord hybrid production from Japan to Thailand Nikkei Asian Review
• The Future of Manufacturing Technology Forbes
• The Reasons Why Millennials Aren't As Car Crazed As Baby Boomers, And How Self-Driving Cars Fit In Forbes
• A New Defense Against Robocar Cyberattacks Forbes
Industry
• India Inc demands Rs 1 lakh crore stimulus to revive economy
• Govt assures of action soon to revive industry, push eco growth: India Inc
• Govt may announce relief measures for NBFC sector
• Glencore and the perils of riding the electric vehicle tiger: Andy Home
• Indonesia president signs new EV decree to bolster industry
• Trump safety pitch for easing car standards rebutted by study
• China Dongfeng Motor said to weigh options for Peugeot stake
• Finance Ministry asks Commerce Ministry to assess revenue impact of proposed RCEP
• Continental's powertrain business gravitates towards electric
• General Motors partners with EV Connect for EV charging
• Goa: 900 yellow-black cabs end stir, to restart operations today
• Tamil Nadu electric vehicle policy draft may have sops for early adopters
• Indonesia's capital curbs private cars in bid to cut choking pollution
• Major relief for Delhi's auto-rickshaw drivers
Passenger Vehicle
• Maruti Suzuki launches BS-VI compliant Ertiga Petrol at Rs. 7.54 lakh
• Kia Motors India commences mass production of Seltos at Anantapur Plant
• Great Wall warns BMW joint venture faces uncertainties
• First step: Driverless cars arrive in New York City
Commercial Vehicle
• Safety measures in focus at KSRTC as rain pounds Mysuru district
• Pune: Traffic department urges to RTO to scrap off trouble-causing buses
• Heavy vehicles using right lane may soon be fined 5,000
Two Wheelers
• Berlin to tighten rules for electric scooter users
Aftermarket
• Tiger Global & Vogo hold talks for potential $40-$50 million funding round
• This startup is providing free car towing service to flood-struck Mumbaikars
• Lyft raises forecast for 2019 as price war with Uber eases, ridership rises
Auto Components
• Canadian auto parts maker Magna International's profit falls 27.8%
• Greaves Cotton Q1 PAT down 4% at Rs 38 crore
• Cummins India Q1 PAT dips 17% at Rs 184 crore
Tyres
• JK Tyre launches Smart Tyre technology
• Michelin to hike tyre prices by 4% from Sept
Automotive
• Sonalika tractors July sales jump 108%
Oil & Lubes
• Petrol sale stops, stock reserved for rescue ops in Kolhapur
• Indian Oil will soon announce its foray in energy storage: S S V Ramakumar, Director, R&D
 
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