Morning Daily - 2019-11-29

ETAuto Newsletter | Friday, November 29, 2019

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
Top Stories
• xEV adoption unfavorable in small cars, for personal usage: Report
• Tata Steel locks horns with union over 3,000 job cuts
• 'Fuel, time worth Rs 12k crore wasted at toll plazas per year'
• Global car sales to fall by over 3 million in 2019, claims study
• The Indian rupee is getting crushed by its own central bank
• PSA readying sale of its stake in Chinese tie-up with Changan
• Automakers slowdown fix: protect the component makers, they will save the industry ET Prime
• Logistics in India costlier than US: Expert
• Maruti, Hero Moto lead BS4 versions phase-out
• Bengaluru gets Schneider Electric factory, will create 700 jobs HT MINT
• Electric cars need another 2-4 years to gain prominence: Maruti's RC Bhargava HT MINT
• A year on, Ghosn awaits trial while Renault, Nissan rebuild ties HBL
• Aston Martins tribute to the worlds fastest passenger airliner HBL
• Nissan hurt by nationalist forces, says outgoing chief Nikkei Asian Review
• More Foes Than Ever Before, But Volkswagen??s Hatchback King Of The World Is Fighting Back Forbes
• Xiaomi in talks to back bike taxi app Rapido
• Ola restructuring biz ahead of IPO, narrows losses
• REIL, EESL bag big chunk of orders for EV charging stations
• Why Accountability Is All About Explicit Behaviors Forbes
• 6 Women On The Career Advice They??re Most Thankful For Forbes
Industry
• Government measures fail to stem slide in NBFC credit
• Economy set for measured recovery over 12 to 18 months: KVS Manian, Kotak Mahindra Bank
• China wants to speed up business reforms, investment to boost slowing economy
• In talks with SBI to jointly run e-commerce portal for MSMEs: Nitin Gadkari
• Highways ministry lines up projects worth Rs 50,000 crore to be awarded in next 3 months
• Nissan global sales dips 9.2% in October
• India's economy seen growing at 4.7% in September quarter
• Nissan to roll out high-tech production system amid pressure to cut costs
• Govt, RBI mull relief measures for NBFCs
• Pain in Indian auto sector to continue: Fitch
• ADB approves USD 250 mn loan to EESL to expand energy efficiency investments
• Mercedes-Benz completes 25 years of production in India
• Delhi-Mumbai high-speed road corridor in fast lane: Gadkari
• Phase II of Vahana Mitra launched in Vijaywada, over 60k to benefit
Passenger Vehicle
• Himachal CM riding towards green mobility
• Indonesia car sales should recover in 2020, association says
• Suzukis Japan sales down 8.8% in October to 49,419 units
• German court issues split rulings over VW diesel cheating
Commercial Vehicle
• Telangana takes back RTC employees, hikes bus charges
• Kejriwal govt adds 100 standard floor buses, total 329 rolled out since August
• Use credit card to buy tickets on UP buses soon
• APSRTC to upgrade live tracking system in buses
• BMTC, KSRTC seek extension of December 1 FASTag deadline
• Go-Ahead regional bus business falters as costs mount
• UPSRTC to install 200 stalls at 100 bus stations to employ disabled
Aftermarket
• Freight startup BlackBuck offers free FASTags to truck owners
• Ubers London ban marks global backlash for ride-hailing giants
Auto Components
• Copper slides as U.S.-China relations deteriorate
• Chile's SQM to decide on future of lithium holdings in Maricunga by year's end
• ZF establishes third research and development center in China
• Portugal's government under fire over controversial lithium contract
Tyres
• JK Tyre launches fuel efficient XF radial tyre series for haul applications
Auto Finance
• Russia earmarks $78 mln to promote auto loans in 2020: Reports
Oil & Lubes
• Government appoints Deloitte as advisor for BPCL stake sale
• Saudi Aramco IPO's retail tranche oversubscribed
• Saudi, UAE discuss $70B crude refinery project in India
• Petrol prices remain unchanged for 2nd day
• Global oil consumption stays sluggish: John Kemp
 
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