Morning Daily - 2019-11-28

ETAuto Newsletter | Thursday, November 28, 2019

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
Top Stories
• Maruti Suzukis Tarun Garg resigns
• Hero MotoCorp sales and after sales head Sanjay Bhan quits; likely to join a startup
• Mahindra plans a 12-pronged assault
• No ebbing of HMSI labour strife; other unions to join solidarity rally today
• Tata Motors to offer VRS to 1,600 staff as slowdown takes a toll Https://www.livemint.com
• Ola, Uber fees may be capped at 10% of total fare
• 100km range and fast: Can Altigreens power train do a Greaves Cotton for electric three-wheelers? ET Prime
• Scooter-sharing start-up Bounce's valuation may hit $500 mn on new funding Business-standard.com
• Ashok Leyland bags order for 1750 buses from Tamil Nadu State Transport Undertakings
• Motor policies may soon reward careful driving Https://www.livemint.com
• EESL plans to issue tender for e-luxury cars in January
• Gadkari asks carmakers to focus on alternative fuel vehicles; ensures govt support
• Kinetic Green partners with Autoline Ind to develop e-cycles
• Over 70 lakh FASTags issued so far
• TVS Motor launches BS-VI compliant Jupiter at Rs 67,911
• Preference for blue colour increases among automobile buyers: Report
• Auto industry problems essentially derived from SC order to upgrade to BS-VI: Sitharaman
• J.D. Power: Auto sales likely to be up 4% in November Detroit News
• BMW management and labour reach agreement to cut costs
• Idea of discarding fit 15-year-old vehicles is flawed The Pioneer
• Tata Motors rolls out the first Altroz from Pune plant
• EESL partners with SDMC to enhance EV Infrastructure in Delhi
• Artificial Intelligence Not Seen As A Job-Killer, Yet Forbes
• Career Confidence And The Path To Leadership Forbes
Industry
• Slump in demand pulls down UK car production, again
• U.S. auto sales to rise 4% in November - J.D. Power, LMC Automotive
• China says it has met its carbon reduction goal early
• Indian states face challenges in reducing deficits, constraining government fiscal consolidation: Moody's
• Service sector can help achieve target of USD 5 tn GDP: Goyal
• Growth slow but no recession: Sitharaman
• Govt chalks out plan for Rs 100-lakh cr investment in infra over 5 years: Goyal
• India gifts 2 electric vehicles to Pashupati Temple Trust to help elderly pilgrims
• SIAM signs MoU with Korea's KAMA for cooperation in automotive industry
• German gas industry targets 5 GW of power-to-gas capacity in five years
• SC panel on road safety pulls up Odisha govt for rise in fatalities
• Fiat Chrysler, PSA tell employees they will sign merger agreement in coming weeks
Passenger Vehicle
• Volkswagen delivers over 100 Polo hatchbacks to Hilti
• Lincoln electric SUV to use Ford-backed startup's 'skateboard' chassis: Sources
Commercial Vehicle
• Tension at depots as thousands of TSRTC staff detained
• Yet to float tenders, NMC may lose out on 100 e-buses
• Tesla and Ford trade challenges in macho truck world
Two Wheelers
• Indonesia's motorcycle sales seen flat in 2020: Association
• HMSI resumes work at Manesar plant with permanent staff; contractual workers continue with protest
Aftermarket
• JCB India inaugurates new dealership in Raipur
• Chicago approves traffic congestion tax on ride-hailing services
• Ubers Europe business is at risk after London revokes license
Auto Finance
• Ashok Leyland signs MoU with Axis Bank for two years
Oil & Lubes
• Oil drops as US inventory build, record output rekindles supply worries
• Why hopes of output cuts and trade deal haven't got oil bulls excited
• Mills in Brazil boost ethanol output
• First natural gas exchange to be unveiled by March
 
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