Morning Daily - 2019-09-03

ETAuto Newsletter | Tuesday, September 3, 2019

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
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Top Stories
• Kia Motors debut month sales beat half a dozen car brands in India
• Auto industry downturn worrisome: SIAM
• India manufacturing growth at 15-month low in August: PMI
• Blackstone may exit auto parts JV Sona Comstar via IPO in two years HT Mint
• States have no option but to adopt Motor Vehicles Act
• Price increase due to higher safety standards to take toll on two-wheeler sales: Suzuki Motorcycle chief
• Maruti to roll out CNG models of all small cars
• FinMin clears subsidy plan for EV, mobile batteries
• 'Best time to buy diesel car': Companies pitch offers as BSVI norms near Business-standard.com
• Maruti cuts production for 7th straight month in August
• Automotive retail in US is facing talent crisis: Study
• Continental weighs full spin-off for powertrain business
• Auto stocks stare at more pain after a major drop in Aug sales
• NHAI to offer roads as collateral, in talks with SBI to fund projects Business-standard.com
• Bosch develops camera with AI for autonomous driving
• Bengaluru: Heftier fines may burn a hole in pockets of rental car, two-wheeler firms
• Porsch's $3,100-a-month subscriptions spreading to more cities Detroit News
• GDP slump due to mismanagement: Manmohan Singh
• Brazil sets sights on China's ethanol market, but high volumes unlikely
• Nissan, Honda, Fiat, And Daimler Trade At Deep Discount, Paying Hefty Dividends -- Should You Buy? Forbes
• Three Benefits Job Seekers Can't Afford To Overlook Forbes
• 3 Things You Need To Know About A September Job Search Forbes
• Was IndiGos AGM stage-managed? Shareholders fawn over Rahul Bhatia; absent Gangwal gets the raps. ET Prime
Monthly Sales Report Card
• Escorts domestic tractor sales slip over 19% in August
Industry
• Dearth of squad vehicles affects drive against traffic violations in Kerala
• Automakers demand tax cuts, analysts slash forecasts as sales plummet
• FPI outflow continues despite surcharge rollback
• VW to pay $97 million, restate mileage on U.S. Gas-powered cars
• Edelweiss Group, Central Bank of India set to co-lend to MSMEs
• Volkswagen retains access to U.S. public sector, gets second monitor at headquarters: Handelsblatt
• Lawyers seek $26 million in Volkswagen U.S. fuel economy settlement
• RINL feels heat of slowdown as inventory piles up
Commercial Vehicle
• Odisha: Mo Bus begins newspaper on wheels for passengers
Two Wheelers
• Suzuki 2-Wheeler August sales up 2.2% at 71,631 units
• Yulu launches e-bike services in Delhi
• Royal Enfield August sales down 24%
Aftermarket
• Bestmile raises $16.5 million in Series B funding
• Maruti Suzuki Arena network grows to over 450 outlets in two years
• Logistics and distribution startup ElasticRun in talks to raise $50-$55M
Auto Components
• 400 jobs at stake as Tata Steel to shut some operations in UK
• Government initiates anti-dumping probe into imports of clear float glass from Malaysia
• Global nickel supply to drop on Indonesia's ore export ban in 2020
• Tesla batteries are keeping Zimbabwes economy running
• Nickel likely to hit $20,000 a tonne on Indonesia ban: Goldman Sachs
Tyres
• JK Tyre promoters prepay KKR loan, take back pledged stock
Auto Technology
• Japan and France to explore cooperation on auto technology
• Hyundai Mobis and Cognitive Pilot develop neural brain for autonomous vehicles
Oil & Lubes
• Govt increases grant for NMCs bio-CNG, compost projects to Rs 155 cr
• OPEC posts first 2019 oil-output rise despite Saudi cuts: Reuters survey
 
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