Morning Daily - 2019-08-24

ETAuto Newsletter | Saturday, August 24, 2019

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
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Top Stories
• FM rolls out package to boost auto sector, liquidity situation; scrappage policy to come soon
• Maruti Suzuki recalls 40,618 units of Wagon R 1-litre
• Govt pumps Rs 70,000 crores for PSBs to boost liquidity
• ETAutoCast | No deadline for switch over to EVs: What it means for industry players?
• Auto sector crisis temporary, won't result in layoffs: Goodyear India
• Auto companies told to pay 28% GST on imported plastic
• Despite slowdown, Kia to chase down India target
• Anand Mahindra in awe of low-cost tractor, wants to finance innovators through 'Mahindra Garage'
• Cost of BS6 shift to put brakes on LED adoption by 2-wheeler companies
• Auto sector demand will revive: Industry captains
• Niti Aayog has no authority on deciding vehicle technology: Nitin Gadkari
• IRDAI eyes uninsured cars to beat industry slowdown
• Maruti pins hopes on festive season for demand revival
• Amara Raja sets up EV battery charging stations in Tirupati
• Bosch board appoints Bernhard Straub as chairman
• Time for Musk to step down as Tesla CEO: Top investor
• Suzuki Motorcycle India partners with HDB Financial Services
• Volkswagen recalls 679,000 U.S. vehicles that could roll away
• VW explores buying stakes in Chinese auto suppliers
• Korean, Chinese menu set to tickle taste buds in car arena @businessline
• Merc bets big on digital drive, eyes higher online sales @businessline
• Carmakers alarmed by latest round of Chinese tariffs Detroit News
• Professor X readies self-drive cars for China's busy streets Nikkei Asian Review
• Gen Z Starts Showing Up In Loan Numbers, To The Relief Of The Auto Industry Forbes
• How Many Jobs Have You Had? A Dozen If You're An Average Baby Boomer Forbes
• By not willing to give an inch and his vote Rakesh Gangwal may end up pushing IndiGo to the brink ET Prime
Industry
• Are Nirmala Sitharamans announcements good enough to reverse a slowing growth?
• Will Nirmala Sitharaman measures aid NBFC revival?
• Renewed Chinese auto tariffs would cost U.S. jobs, industry coalition warns
• Australia's Argosy Minerals inks initial terms for lithium supply deal
• China announces tariff hike on $75 billion of US products
• As global economic picture dims, solutions seem out of reach
• Moody's downgrades India's GDP growth rate to 6.2% for 2019
• Unemployment major challenge, MSMEs must create 5 crore jobs to achieve USD 5 trillion economy: Nitin Gadkari
• Inside Indias messy electric vehicle revolution
• China's EV maker Nio to cut 1,200 staff by end-Sept
Passenger Vehicle
• Claims data points to high-end electric car risks: AXA
Commercial Vehicle
• Tamil Nadu to operate 200 special buses for annual Velankanni festival
• 13 UP districts to get 650 electric buses
Two Wheelers
• Big Boy Toyz ventures into superbikes
Aftermarket
• Rivigo launches RaaS for fleet owners
• TVS Motor Company supports flood-affected states across India
Auto Components
• Germany's Continental might shut plants as part of restructuring
• Tesla to buy batteries from LG Chem for China factory
Tyres
• Apollo Tyres opens Thailands first Truck Tyre Centre
Auto Technology
• RoboSense partners Aidrivers for autonomous solutions for industrial transportation
• Porsche plans movie streaming for Taycan electric sedan
 
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