Morning Daily - 2019-08-14

ETAuto Newsletter | Wednesday, August 14, 2019

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
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Top Stories
• Timing of new rules & regulations coincided with downturn cycle: RC Bhargava, Maruti Suzuki
• Why a 37-year-old quit his job to start dealership business in a troubled time?
• Toyota Kirloskar hails PMs stand on auto sector, wants tax regime to mirror that
• Passenger car sales witness a steep fall in July
• How the new Motor Vehicles Act puts us on the road to safety HT Mint
• Tata Motors Group July global sales down by 14% at 78,600 units
• Auto component cos ride EV wave
• Bosch Q1 profit dips 35% at Rs 280 crore
• Younger buyers still want the dealership Automotive News
• Renault India plans to take country roads to drive sales
• Bharat Forge reports 26% fall in Q1; to start operation of Nellore plant in H2 FY'20
• Why the romance of the 4-wheel drive is sputtering to irrelevance ET Prime
• Varroc to acquire 74% stake in CarIQ Technologies
• Digital logistics platforms disrupting transport industry
• There should be 14-16 per cent EV penetration across the globe in next 5 years, says Anthony Tse - MD & CEO, Galaxy Resources
• July retail inflation eases to 3.15 per cent; leaves room for another rate cut
• Yamaha expediting electric scooter project amidst slowing sales
• GST Reduction: Expectations and Reactions of auto industry - GST- Auto Industry
• Ola acquihires Pikup.ai, aims to develop deep tech solutions for mobility
• Bharat Forge: Demand slump across markets weighs on profit margins HT Mint
• Singapore logistics startup bets on Indian market
• China auto sales in July on track for worst year in history Nikkei Asian Review
• Car Retailing Study Finds Tech Solutions To Age-Old Problems Forbes
• How To Make Your Time In Between Jobs Count Forbes
Industry
• GM, Ford planning for possible economic downturn: executives
• Delhi govt waives fitness test fee, scales down charges and penalties imposed on auto drivers
• Aluminium price to go up only if trade war is over and growth picks up: Satish Pai, Hindalco
• WB, Odisha, Jharkhand to be major contributors in meeting 300 MT steel output target: Pradhan
• Raunak Onkar: Revive animal spirits? Where is the demand to boost earnings growth?
• Worsening default risks are putting focus on stimulus
• Mumbai: Soon, charging points for e-vehicles at public parking lots
• Professional bodies and gig economy players to file data on jobs; Govt to notify framework for collating data
Passenger Vehicle
• 5G will help automakers bring more smart features to market: Gaurav Gupta, MG Motors
• Renault Triber booking opens on August 17th at Rs 11,000
Commercial Vehicle
• Daimler India crosses 25K exports milestone
• Mumbai: City to get 300 e-buses, 100 for Navi Mumbai
Two Wheelers
• Bajaj Auto launches new Pulsar 125 Neon
• Fast, not so furious? Europe wrestles with electric scooters
Aftermarket
• Maruti Suzuki True Value network grows to 250 outlets in two years
• Zoomcar partners with Ixigo to offer self-drive car rentals
Auto Components
• Platinum giant wants in on batteries to ease electric car threat
• Wheels India bets on LCV segment, exports amid demand slowdown
• Dont expect the pain to last more than 2 quarters: VC Sehgal, Motherson Sumi
Auto Technology
• PerceptIn partners with LHP for autonomous driving solutions
Auto Finance
• Banks report reduction in NPA; seek steps to address stress in NBFCs: Survey
Oil & Lubes
• ONGC Q1 profit slumps 24% YoY to Rs 7,043 crore on higher expenditure
• Oil soars on easing US-China trade tensions
• Global motor manufacturing slump hits oil demand: Kemp
 
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