Morning Daily - 2019-09-12

ETAuto Newsletter | Thursday, September 12, 2019

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
Top Stories
• Govt to announce scrappage policy shortly: Nitin Gadkari
• ETAutoTV: Mercedes CEO speaks on Indian market situation
• Boom in Gloom: MG Motor to invest Rs 2,000 crore, ramping up capacity & continuing hiring
• Market turnaround unlikely in near future; demand washed out on Ganpati and Onam: HMSI
• Ford Motor may sell Gujarat factory in emerging market strategy shift HT Mint
• State can reduce fines under new Motor Vehicle Act: Gadkari
• BS-VI contributes 70% of Maruti Suzuki's petrol vehicle sales
• Millennials opting for Ola, Uber not that a big factor for current slowdown: Maruti Suzuki
• Ashok Leyland puts Andhra Pradesh unit on hold as sales fall
• Auto industry slowdown hits citys fastener units
• Slideshow: Glimpses from ET Auto Retail Forum 2019
• Stimulus measures for auto, housing sectors likely: Will frontload infra spending to bolster economy, says FM
• Ukhand cabinet approves relaxation in penalties under the Motor Vehicle Act
• E-rickshaw volume in India to reach 1 million units by FY25
• The Electric Cars Are Here. Now How About Selling Them
• HMSI launched BS-VI compliant Activa 125 at Rs 67,000
• GM recalls 3.5 million U.S. vehicles due to braking issue
• Gujarats electrifying drive into future of vehicles
• Tata Motors global wholesales down 32% at 72,464 units in August
• JLR's China sales are up, but it's too early to call recovery at Tata Motors Https://www.livemint.com
• BASF strikes French alliance to recycle electric car batteries
• Mahindra Electric partners with Dassault Systemes over e-mobility
• Modi government takes heat as India auto slump hits 10th month Nikkei Asian Review
• Maruti has entered the grungy lanes of slowdown. Its own strengths have brought it here. ET Prime
• China??s Car Market Is Heading From Recession To Depression Forbes
• Why The High Number Of Employees Quitting Reveals A Strong Job Market Forbes
Industry
• FinMin in consultation with states on Auto GST: Gadkari
• Congress targets Sitharaman over auto sale fall comment, seeks apology
• Tianqi starts lithium battery chemical production in Western Australia
• Volkswagen August global sales down 3.8% at 493,800 units
• European automakers tell governments they must help sell electric cars
• European car association ACEA warns of no-deal Brexit
• Hiring activity remained flat in August 2019: Report
• Chinese firms out in force at Frankfurt boosted by battery builders
• 19 dealers win country's most coveted ETAuto Retail Awards
• China auto sales fall 6.9% in August, 14th month of decline
• Delhi: Not so serious offences may get lenient view
• Delhi: Non-compliance to RFID will be fined double from Friday
• Chandigarh: UT plans vehicle density study
Passenger Vehicle
• Audi launches Q7 Black Edition at Rs 82.15 lakh
Commercial Vehicle
• Rajasthan: 273 government buses for 30 lakh people
• Frequent transfers stall BMTC projects
• Citys first e-bus service launched for women commuters
Two Wheelers
• Economic slowdown one of biggest reasons for 2-wheeler sales slump: Honda
Aftermarket
• Uber lays off hundreds more workers as it struggles to make money
Auto Components
• Daimler to source battery cells from Farasis Energy
• Bosch received order worth 13 billion euro since 2018
Auto Technology
• Ion Energy launches Edison Analytics battery intelligence platform
• Over 431 million telematics control unit to be shipped globally by 2025
Oil & Lubes
• India's fuel demand rises 2.8% y/y in August, at 9-month low
• Opec+ to discuss deeper oil cuts on Thursday: Iraq minister
• ONGC to invest Rs 13,000 crore in Assam to drill over 220 wells
• Oil demand to peak in three years, says energy adviser DNV GL
 
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