Morning Daily - 2019-08-19

ETAuto Newsletter | Monday, August 19, 2019

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
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Top Stories
• Tata Motors expects double-digit decrease in sales: Vendors
• Maruti seeks tax relief for hybrid, CNG cars
• Mahindra partners Ideal Motors to locally assemble vehicles in Sri Lanka
• ETAutoCast: How auto component cos dealing with downturn?
• Slowdown: Hyundai Motor India lists 'no production days'
• New penalties in Motor Vehicle Act will create fear, deter violators: Nitin Gadkari
• State Bank of India extends credit period of stressed auto dealers
• If things don't improve, more job losses likely at dealer and supplier end: Pawan Goenka
• Slowdown affecting super luxury segment but growth plans intact: Lamborghini India
• Before talking about self-driving cars, India should make ADAS mandatory in all cars
• Bumpy road ahead: Automakers to face a long winter if govt doesn't act Business-standard.com
• Jostled by robots and new job-seekers, auto workers have to accept their insecure fate
• Cash-for-Clunkers: Auto industry bets big on scrappage policy
• Tesla shows interest in India's plans to build battery plants Https://www.livemint.com
• Modi reviews state of economy with Sitharaman, FinMin officials
• SAIC-Volkswagen investing $2.4 bn to launch EV plant in Shanghai
• Ferrari will expand its lineup of road cars, but not too much
• Auto component cos enter new ventures ahead of EV switch, new emission norms
• Deals in roads sector gather pace as foreign investors buy up assets Https://www.livemint.com
• India's shadow bank woes rattle broader economy Nikkei Asian Review
• 'Technology Hasn't Eliminated Jobs': Kevin Connelly | Forbes India Forbes India
• A Recession Won't Wreck Your Retirement...But This Will Forbes
• Why the romance of the 4-wheel drive is sputtering to irrelevance ET Prime
Industry
• Tesla to Launch Solar Technology Business in Europe Next Year
• Delhi-NCR to get 300 more EV charging stations in 6 months
• Convert three-wheelers into CNG, get incentive
• 4,000-plus tempos flout CNG switch order, add to pollution in Allahabad
• Gujarat readying for more stringent motor vehicles laws
• Sectoral policy intervention in works, no fiscal stimulus
• Small towns in India are powering the global race for artificial intelligence
• FPIs pull out $4 bn from Indian markets in 3 weeks on high oil prices, trade war
• Shortage of CNG keeps 40% taxis, autos off roads in Mumbai
• Karnataka floods: Vehicle owners flood service centres
• MSME sectors share in GDP should be 50%: Gadkari
• EV charging stations surpass fuel pumps in UK
• Current slowdown transient. Should be over by end of fiscal: S. Krishnakumar, Sundaram MF
• Nitin Gadkari promises 'concrete decision' for timely payments to MSME
• India Inc widens road to China after Trump-Xi trade war
• CNG pumps in MMR run dry, cabs, autos hit hard
• U.S. judge urges VW, SEC to resolve civil Dieselgate suit
• Finance Ministry asks PSBs to seek ideas from branches for achieving $5-trn economy
• ANZ slashes forecast for India's GDP growth in 2019/20 to 6.2%
• Colorado OKs electric car requirement to fight air pollution
Passenger Vehicle
• Infiniti announces name of upcoming luxury sports utility coupe
• Bugatti channels early 90s supercar swag in new $8.9 million auto
• Volkswagen Group July global sales down by 2.4% at 886,100 units
Commercial Vehicle
• Expecting boom in e-vehicle industry, Karnataka plans cluster
• KTCLs airport bus service now has four 15-seaters
• PMPML acquires 50 electric buses, takes fleet tally to 75
• Delhi government may keep Rs 150 crore for free bus rides to women
Aftermarket
• rideOS launches new ride-hailing service
Auto Technology
• US and European safety regulators may mandate child presence detection system
• Magna launches new electronics manufacturing plant in Michigan
• Telenav partners with Opel for connected car technologies
• TVS Motor Singapore invests US$ 3.2 mn in Predictronics Corporation
Automotive
• Deere to slash costs after trade war hits earnings
Oil & Lubes
• ONGC adopts new 'Energy Strategy 2040', targets doubling of oil, gas production
• Sarbananda Sonowal inaugurates Assam's first-ever CNG fuelling station
• Trumps oil sanctions leave Russian exporters $1 billion richer
 
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