Morning Daily - 2019-12-05

ETAuto Newsletter | Thursday, December 5, 2019

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
Top Stories
• Royal Enfield gets ready to go deeper into markets abroad
• Tarun Garg joins Hyundai as Head, Sales & Marketing
• Maruti stock to face pressure on slowing sales, diesel pullback
• FASTag on fastrack: Tag issuance jumps 24% at 79 lakh in November
• BYD India forays into material handling equipment business
• Hyundai's Strategy 2025 aims to electrify India models by 2035
• No need for licence, RC, and helmet: How Benling is sidestepping the Motor Vehicles Act ET Prime
• German car industry to slash more jobs in 2020: VDA
• Toyota leads $50 million funding round for May Mobility Automotive News
• Schaeffler collaborates with ABT to develop electric powertrains for LCVs
• Fiat undervalued Chrysler by $5.6 billion, Italian government says Automotive News
• Takata recalls 1.4 million potentially dangerous air bag inflators
• Kia Motors to hike prices of Seltos from January 1
• NBFC stress to hurt banks badly, says Fitch
• Nissan orders two-day furlough for U.S. employees amid falling sales Automotive News
• How To Balance Hype And Humility In Your Executive Job Search Forbes
• The 20 Best (And Free) Ways To Boost Your Career By 2020 Forbes
Policy
• No new petrol pumps on highways, main roads in UP
Industry
• UAW union leaders recommend approval of Fiat Chrysler labor deal
• Auto stocks mostly higher on price hike announcements
• States demand pending GST compensation
• SDMC flags off 55 more vehicles to fight Delhi air pollution
• Punjab partners with WEF for e-mobility
• PSBs disbursed Rs 4.91 lakh cr loan during Oct-Nov: FM
• U.S. has not ruled out imposing tariffs on imported autos
• Private sector activity rebounds in November, services output expands after 3 months
• Indias economic fundamentals are not weakening, they are unexploited: Aaditya Mattoo, World Bank
• AWS puts Mahindra Electric in top gear as India adopts EVs: CEO
• Delta Electronics introduces E-Mobility Tech Lab
Passenger Vehicle
• Skoda sales to dip in 2019 due to economic slowdown: Official
• Tesla Model X gets 5-star rating from European safety agency
• New Skoda Octavia scores 5-stars in Euro NCAP crash test
• Kia Motors global sales grow marginally at 248,942 units in November
• JLR launches new XE sedan in India, price starts from Rs 44.98 lakh
• German new passenger car registrations up 10% y/y in Nov - Source
• McLaren looks to Asia and hybrid cars to stay on track
Commercial Vehicle
• Strike over but rickety buses still an inconvenience for commuters
• Ashok Leyland announces non-working days for December
• Egyptian government seeks to do away with popular tuk-tuks
• E-autos launched by CM Edappadi K Palaniswai yet to ply for public
• Mumbai: 60% of iconic double-deckers to go off roads in a year
• Tata Motors partners with Indian Oil to launch second Saarthi Aaram Kendra at IOCL Narsapura
Aftermarket
• Gujarat government makes helmets optional in city limits
• Allcargo Logistics plans to acquire up to 50% stake in Gati
• Daimler partners with Geely for StarRides ride-hailing service in China
Auto Components
• Auto parts firms agree to pay California $23 million in antitrust probe
• Nickel falls on trade fears, China stainless steel oversupply
• South Korea's SK Innovation signs Glencore cobalt supply deal
Tyres
• Goodyear starts online tyre sales in Europe
Auto Technology
• Alibaba-backed startup AutoX applies for driver-less test permit in California
• Tata Motors teams up with Google to launch Tata Altroz Voice BoT
Oil & Lubes
• Oil steadies after price jump; investors wait on OPEC meetings
• ExxonMobil wants global arbitration option, compensation assurance
• U.S. oil exports set to rise in 2020 on surging demand for low-sulfur crude
• Modifying biofuel production process can reduce tailpipe emissions of nano-particles: Study
• Nashik: MNGL seeks NMC nod for setting up CNG stations
• Shell, Mitsubishi, Trafigura present bids for Ecuador oil contract
• BPCL starts doorstep delivery of diesel in Noida
• OPEC gearing up for deeper oil cuts, Russia yet to agree
• Investors urge Big Oil to follow 'poster child' Repsol's climate pledge
• Saudi auto services firm raises $50 mln to invest in Aramco IPO
 
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