Morning Daily - 2019-12-03

ETAuto Newsletter | Tuesday, December 3, 2019

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
Top Stories
• No growth momentum before early 2021
• 800 auto firms workers protest against layoffs
• Scrappage policy: No direct sops for junking old cars
• November factory activity improves but firms shed jobs for the first time in 20 months
• Tata Motors bags order for over 2,300 buses from state transport undertakings
• Govt says no proposal to reduce taxes on petrol, diesel
• Automakers slowdown fix: protect the component makers, they will save the industry ET Prime
• Pan-India FASTag implementation will enable seamless movement of vehicles: SIAM
• Inventory adjustment, slowdown dent two-wheeler Nov sales
• Multiple headwinds play spoilsport on Q2 revenue growth of India Inc: ICRA
• Kia Motors delivers over 40,000 Seltos in four months
• Uber India hopes bike-taxi service will take it to 200 cities by 2020-end Business-standard.com
• Hyundai pads up for diesel car monopoly with implementation of BSVI norms Business-standard.com
• CV sales drop 17% in November on slowdown, delay in infra projects Business-standard.com
• The Real Reasons Why Job Seekers Are Not Given Feedback Forbes
• Gen Z Evaluates Going To College Or Getting Important Job-Based Certifications. Why Certain Careers Might Be Better Suited To Certifications Forbes
Monthly Sales Report Card
• Suzuki Motorcycle India sales grow 23.39% to 69,755 units in November
• Ashok Leyland sales tank 22% to 10,175 units in November
• Hyundai global sales down 2.8% to 392,247 units in November
• TVS Motor November sales down 16.7% to 266,582 units
• Escorts tractor sales down 4.5% to 7,642 units in November
• Toyota domestic sales drops 22% to 8,312 units in November
• Hero MotoCorp domestic sales down 15.8% to 505,994 units in November
• Bajaj Auto domestic sales down 12% in November
Industry
• 'Absolutely unfair' to say government averse to criticism: Sitharaman
• Projects worth Rs 50,000 cr underway to decongest Delhi roads: Gadkari
• German manufacturing contraction eases in November
• China's factory activity surprises with fastest expansion in 3 years
• Auto stocks skid on sluggish Nov sales
• NBFC crisis an isolated event, does not pose any systemic risk: Nimesh Shah
• France proposes measures to make car industry greener
• New Nissan CEO pledges better performance, cooperation with Renault
• Government aims to generate additional 5 crore job opportunities in MSMEs sector
• U.S. Attorney says govt can still seek to take auto workers union control: Report
• PMO wants NHs ranked on quality, safety
• AP should be part of Go Electric campaign: BEE
Passenger Vehicle
• Italy's FIOM union says new models needed for full employment at FCA's Turin plant
• JLR's turnaround in sight, forecasts Motilal Oswal
Commercial Vehicle
• CNH Industrial's Iveco joins the electric truck race with Nikola partnership
• Punjab may sign deal with Japan to launch e-buses
• Maharashtra: Passenger gets Rs 5,000 for no mobile charging and AC in bus
Two Wheelers
• Revolt Intellicorp starts delivery of RV400 in Pune
Aftermarket
• Prakriti E-Mobility to roll out Evera electric cab service in NCR
• MVD begins enforcing helmet rule in Kerala
• Frasers Property to merge two listed trusts into new $4bn entity
Auto Components
• Steel industry margins set to shrink: India Ratings
• Trump restores aluminum and steel tariffs on Brazil and Argentina
• Blackstone Minerals partners with S. Korean firm for lithium ion battery production
Tyres
• Apollo Tyres partners with Al-Jomaih Tyres to enter Saudi Arabia
Oil & Lubes
• Valvoline introduces EV specific products
• Ferrari fined 50,000 euros for fuel irregularity
• Iraq says Opec+ to mull more cuts, jarring with groups stated stance
 
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