Morning Daily - 2019-12-11

ETAuto Newsletter | Wednesday, December 11, 2019

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
Top Stories
• Passenger vehicle exports up by 20.4% in November 2019
• Toyota elevates N Raja as head of financial arm in India
• PV sales dip marginally, steep decline for CV and two-wheelers in Nov
• Skoda-VW plans 2 months of shutdown next year
• Hyundai India to increase car prices from January 2020
• RBI seen holding rates in the remainder of FY20
• Why is Hero sputtering? Slow R&D, ardour for profitability, and a relentless Bajaj hot on its heels ET Prime
• Vietnam's richest man Pham Nhat Vuong bets $2 billion to sell cars to Americans
• Consumer spending in slow lane, but retail credit sees 16.6% growth
• GM doubles down on big SUVs to pay for tomorrow's electric cars
• Parliamentary panel asks government to prevent misuse of input tax credit under GST as collection slows
• Daimler Financial Services India withdraws bond sale on unfavourable market conditions HT MINT
• China's electric car sales slump, squeezing automakers
• USMCA: What are the changes in the new trade deal?
• Brazil sees scope of cooperation with Bihar over biofuel and more
• Trump, Pelosi seal revised NAFTA; automakers, unions praise deal Automotive News
• Strong support for UAW-Fiat Chrysler deal at major assembly plants Detroit News
• Where The Jobs Will Be In 2020 Forbes
• The Gift Of Employment Forbes
Industry
• Volkswagen strikes settlement with Canada over 'dieselgate'
• WTO's appellate body becomes dysfunctional
• Trade talks: China expects US to postpone December 15 tariff deadline
• UK economy flat-lines, hit by Brexit and global slowdown
• Tata Motors Group global wholesales down 15% at 89,671 units in November
• FASTag will hasten road assets sale, says NHAI
• NBFCs to look for growth opportunities in offshore markets: Fitch
• Japan's markets watchdog recommends $22 mln fine for Nissan over Ghosn pay
• China auto sales drop for 17th straight month in November
• Ford to nearly halve its 2018 before interest and taxes loss in China
Passenger Vehicle
• Honda Cars India launches BS-VI compliant City sedan, priced from Rs 9.91 lakh
• General Motors pulls out of Russian car assembly business with Avtovaz deal
Commercial Vehicle
• Delhi Transport minister flags off 100 new standard-floor buses
• Draft CMP wants 15,000-strong BMTC fleet, 202km of bus lanes
• Scania India showcases NTG Heavy Tipper at EXCON 2019
• Road trains to be allowed on select routes; expected to bring down logistics costs
• Noida to get 25 electric buses next year, a first in UP
Two Wheelers
• Scooter rental apps in India owns over 15,000 vehicles
Aftermarket
• Nippon Express gets CCI nod to buy 22% stake in Future Supply Chain Solutions
• Volkswagen inaugurates new dealership in Hyderabad
• Gemopai Electric launches first dealership in Pune
• Tesla dials up VW challenge with German service expansion
Auto Components
• Domestic steel demand growth turns negative: Icra
• Continental crosses 1 million production milestone in auto components at Bengaluru plant
• Indonesia targets starting up EV battery plants in 2023
Tyres
• JK Tyre launches new V-Compact R3 tyre
Auto Technology
• Continental develops Contact Sensor System for better vehicle protection
• Uber nears deal for self-driving car simulation startup: Report
• Mercedes Benz, Bosch begin testing driverless S-Class
Auto Finance
• We are seeing green shoots in rural and semi-urban market: Shriram Transport Finance
Automotive
• JCB India launches new ecoXpert backhoe loader
• Case India completes its excavator range with launch of Case CX220C
Oil & Lubes
• Indonesia eyes biodiesel with 40% bio-content during 2021-2022
 
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