Morning Daily - 2019-09-09

ETAuto Newsletter | Monday, September 9, 2019

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
Top Stories
• Auto component industry defers $2 bn investment due to slowdown
• Suzuki Motor India to hold back investment due to slowdown, BS-VI norms
• VW Group confirms merger of entities; new entity is called Skoda Auto Volkswagen India
• Millennials to revv up India car subscription market
• Part of the slowdown is self-inflicted and could have been avoided: Ashok Taneja
• In India 17% cars would be sold to fleet owners and taxi operators by 2025: McKinsey
• Soon, car insurance premium may depend on how you drive
• Motor cover renewals up 6x on fines
• Toyota expects prices of its diesel models to go up by 20 per cent after BSVI upgrade
• In a first, Maruti Suzuki to lease 100 sales outlets to car dealers Business-standard.com
• Auto cos may disappoint street on volume growth front in H2
• GST rate cut on auto, other products to be political call
• Muted mood: India is heading to all-important festival season under a hailstorm of bad news
• New motor vehicles act made stricter to make people respect rules: Gadkari
• On-a-Roll: MG Motor's ZS launch in January; Hector bookings to re-open soon
• Porsche is in talks to buy EV batteries from China
• Auto blues: Motoroyale Kinetic to liquidate stock, contain costs HBL
• Auto industry may have to wait longer for GST cut on cars from 28% to 18% Business-standard.com
• New Nissan pay scandal highlights need for Japan Inc reforms Nikkei Asian Review
• Shared Mobility Startups Are Gaining Traction Amidst Historical Drop In Car Sales In India Forbes
• State Of AI And Machine Learning In 2019 Forbes
• Bad news: The slowdown is creeping into aviation. Whats good: more train passengers taking flights. ET Prime
Industry
• View: Price control leads to shortages and harms the country's poor
• Just 72,000 traffic cops to manage 20 crore vehicles
• All petro stations should issue PUC certificate: Bihar government
• MSMEs for more refund action at state-level, less paperwork
• Fear factor? No. of traffic challans down by 70% in Delhi
• Autos, cabs over 20 years old cant ply on roads
• States to be key drivers of growth for making India USD 5 trillion economy: Niti CEO
• Germany pushing new EV battery consortium with 1 bln euro subsidy
• The dynamics of India's growth recession
• Smart transport project to have partial World Bank funding: UT
• UP govt increases vehicle registration fee for fancy numbers
• Delhi: RFID infrastructure at 10 more borders in phase-II of project
• Karnataka: Foundry industry in Shivamogga facing slowdown, seeks relief
• Chhattisgarh yet to implement amended Motor Vehicles Act
• Delhi to soon have very progressive e-vehicle policy: Kejriwal
• Motor Vehicle Department to maximize use of mobile phone cameras for digital evidence
• No helmet no petrol turns damp squib in Trichy
• IRDAI may soon link motor insurance premium with traffic violations; pilot project in Delhi
• Trump challenges California power to control auto pollution
• Reeling under slowdown, small businesses cut jobs, production
• You won't have much luck selling electric cars to Germans
• SBI partners Edelweiss for SME lending
• Finance ministry asks infra ministries, PSUs to step up spending
• NHAI told to attract private investment, but 4 key member posts lying vacant
• GM appoints new director for Shanghai design studio
• EPA, DOT say California actions on auto emissions appear to be "unlawful"
Passenger Vehicle
• Stripped-back auto show mirrors German car industry gloom
• Porsche raises stake in Croatian sportscar maker Rimac to 15.5%
Commercial Vehicle
• New fleet of red buses to hit Coimbatore roads before Diwali festival
• First BEST electric AC bus to hit the roads from Monday
• This weekend, restrictions on commercial vehicles
• More electric buses on the road soon: WB transport minister
Aftermarket
• Ride-hailing hots up with entry of Piu, Kyaab in Kochi
• MV Agusta offering online buying experience to customers
Auto Components
• Indonesia nickel-ore export U-turn throws up investor red flag: Analysts
• Schaeffler enters investment agreement with China's Hunan province
Oil & Lubes
• Hope to complete 27 projects on time: ONGC
• Oil down but still set for weekly gain on US-China diplomacy
 
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