Morning Daily - 2019-08-15

ETAuto Newsletter | Thursday, August 15, 2019

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
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Top Stories
• Diesel car share in total Q1 sales falls to 14%
• Tata Motors to go for third closure from August 16
• CCI slaps Rs 17 cr fine on JTEKT Corp, its Indian arm
• Auto sales slump is not just about automobiles
• SIAM welcomes PM Modi's assurance on co-existence of ICE vehicles and EVs
• We will have zero capex this year and a large part of next year: Baba Kalyani, Bharat Forge
• Eaton partners with KPIT over e-mobility
• Auto gloom to continue, but the index holds hope
• E-tolling infrastructure set up at 75% of national highways
• Minda inks pact with South Korea's Infac Elecs to manufacture vehicle antenna systems
• EVs in India has grown 13 per cent in last one year, says Gunjan Krishna, Director of Industries & Commerce, Govt of Karnataka at the E-Mobility Convention 2019
• GST rate cut on EVs: Avan Motors offer discount up to Rs 10,000 on Trend E, Xero+ e-scooters
• Setco Q1 FY20 sales down by 7% at Rs 128 crore
• Fewer 2-wheelers, cars sell in Delhi this year
• JT Special Vehicles launches upgraded Tiago JTP and Tigor JTP
• Bosch: Structural challenges of auto slowdown weigh on outlook HT Mint
• Amid slowing sales, carmakers fear fee hike will further dent demand Business-Standard
• Start-ups driving Smart Mobility 2.0 swear by electric vehicles Business-Standard
• Top U.S. auto safety official stepping down Detroit News
• Car sales: No-growth scenario for 2019 Forbes India
• Why the romance of the 4-wheel drive is sputtering to irrelevance ET Prime
• How Online Job Hunting Can Make Inequality Worse Forbes
• Are Universities Undermining The Global Graduate Jobs Market? Forbes
Industry
• Volkswagen global sales up by 3.3% at 489,000 units in July
• Vehicle registration drops by 24% in first 4 months of current fiscal in Nashik
• Operation Number Plate scans all unclaimed two-wheelers across railway stations
• Jalan panel finalises report; suggests transfer of RBI's surplus in tranches over 3-5 yrs
• Steel sector to weaken in FY20 due to twin impact of softer prices and high input cost
• Bimal Jalan panel finalises report; suggests transfer of RBI's surplus in tranches over 3-5 years
• Exports growth to be in double digits this fiscal: Commerce Secretary
• IL&FS cuts nearly 50% staff since October for cost cutting
• BMW Group global sales up by 1.3% at 183,487 units in July
• More forced lending to NBFCs can land banks in trouble: Fitch
• UT administrator launches registration of new vehicles
• German economy shrinks amid trade concerns, auto woes
• Audi America appoints Daniel Weissland as President
• SHADO Group to invest USD10 mn in Pune factory to produce electric 3-wheelers
• Delhi: No tags? Trucks, cabs to pay twice the toll
• Honda says it will stop making autos in Argentina in 2020
Commercial Vehicle
• Tamil Nadu transport corporations get 500 new buses
• UP to get second highest number of electric buses after Maharashtra
• Intelligent transport stuck in slow lane, CTU floats tender for 3rd time
• UPSRTC to monitor fuel consumption of roadways buses
Aftermarket
• Taxi unions write to SDMC, plead for more time
• Mercedes-Benz India extends support in flood-affected area
• HC seeks Delhi govt's reply on plea to ensure Ola, Uber adhere to city taxi scheme
• Mohamed Yousuf Naghi Motors acquires Ford and Lincoln dealership in Saudi Arabia
• Shanghai fines Didi, Meituan for using unlicensed vehicles
Auto Technology
• Infosys to drive Toyota arm in US on cloud
Oil & Lubes
• US crude stocks build unexpectedly; gasoline demand at record high: EIA
 
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