Morning Daily - 2019-10-16

ETAuto Newsletter | Wednesday, October 16, 2019

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
Top Stories
• Draft norms issued for setting up vehicle scrapping facility
• Input tax credit restrictions to cause cash crunch among small auto dealers
• Uber India lays off 10-15% of its staff, ops may be hit
• Lower scrapping age for CVs likely to create higher replacement demand: Ind-Ra
• 6 ways to reignite India's auto industry HT Mint
• Harley-Davidson halts electric motorcycle production
• AEPPL signs MoU with Gujarat govt for lithium-ion battery project
• Maruti Suzuki CSR initiatives in FY19 accounts to Rs 154 crore
• Keen to develop self-driving cars, Hyundai Motor Group unveils $35 bln investment plan
• Volkswagen presses the accelerator for Skoda with new models, more dealers Business-standard.com
• PMAY or economic slowdown? Heres what throttled Indias auto sector. ET Prime
• Odd-even: 2-wheelers set to be exempted, fine doubled
• Weak demand, margin pressure set to worsen for Cummins India; stock falls Business-standard.com
• India waiting for e-motorcycle that meets design, quality and range anxiety: Tork Motors
• E-vehicles to have fixed parking spots in Delhi
• Is China Serious About Opening Its Economy to Foreign Competition? Fortune
• South Korea wants highways ready for self-driving cars by 2024 Nikkei Asian Review
• India retains world's fastest-growing rank, tying with China: IMF
• UK autos firms cut jobs, fear for investment as Brexit nears: SMMT
• Britain's Auto Industry Spooked By Possible Impact Of "No-Deal"? Brexit Forbes
• 15 Warning Signs Your Job Isn't The Right Fit For You Forbes
• The Best Thing You Can Do For Your Career? Stop Asking For A Promotion Forbes
Policy
• Ecuador's Moreno calms protests with vow to repeal fuel subsidy cuts
Industry
• 50kmph limit on e-way will defeat its purpose: NHAI
• GM, union close to deal to end month-long UAW strike: Sources
• Volkswagen postpones final decision on Turkey plant
• Trade war to cut global growth to lowest since financial crisis a decade ago: IMF
• 1/3 large firms not to switch to new tax regime; none planning new capex or pay higher dividends: Crisil survey
• Going green, trade war challenge world auto industry: IMF
• Union wants cooperative banks under full control of RBI
• Delhi traffic police to withdraw 1.5 lakh e-challans
• With e-payments, no more halting at UPs toll plazas
• UAW calls Thursday meeting to update union leaders on GM strike talks - Sources
Commercial Vehicle
• MP govt to introduce 2,200 electric buses in next 4 years
• It's time to install dashcams on public buses, HC tells Kerala government
• Bengaluru to try a dedicated 18-km public bus lane
• AC buses to boost Delhi Metro Rail Corporation feeder service
Two Wheelers
• Ultraviolette Automotive to unveil electric bike F77 in Nov
• Blare from modified silencers turns bane for cops, residents
• INNOVATION: MIT students develop electric bike, win laurels at e-bike challenge
Aftermarket
• Uber to offer subsidised healthcare for drivers, delivery staff
Auto Components
• 'Global steel demand to grow by nearly 4% despite economic uncertainty'
• Nickel recovers after heavy selling; copper in doldrums
• Boodmo raises Rs 10 crore in latest funding round
• ZF places 2.7 billion for new eurobonds
Auto Technology
• Continental partners with 3M for intelligent infrastructure technology to build safer roadways
Auto Finance
• UK watchdog proposes car finance commission crackdown
Oil & Lubes
• Castrol launches Family Connect initiative to spread road safety awareness
• French energy major Total to buy 37.4 pc stake in Adani Gas
• Saudi Aramco interested in buying government's stake in BPCL
• OPEC, allies to maintain oil market stability beyond 2020: Barkindo
 
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