Morning Daily - 2019-12-16

ETAuto Newsletter | Monday, December 16, 2019

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
Top Stories
• Current situation in India is worst than Lehman Crisis: V C Sehgal
• No plan to reduce headcount due to slowdown: Tata Motors
• Innovation: MNIT professors get patent for vegetable oil-powered bike engine
• NHAI to operate more hybrid lanes until 75% of vehicles are fitted with fastag
• TVS plans to invest Rs 6 crore in green energy in FY20
• FMs pre-budget talks with stakeholders to begin today
• Centre likely to sell 28% stake in BEML through strategic disinvestment
• Mercedes delays electric debut after Jaguar and Audi SUVs flop
• Expect up to 10% sales growth, BS-VI bikes rollout from Jan: Triumph India
• Why is Hero sputtering? Slow R&D, ardour for profitability, and a relentless Bajaj hot on its heels ET Prime
• Indias corp tax cut a strong signal to investors: PwC exec
• Regulation for vintage vehicles soon; number plates to display 'VA'
• FASTag day one: Toll cams blink, cant read stickers
• More formal jobs created in the economy: Chief Economic Advisor
• Tata Steel BSL bags award for energy conservation HBL
• NLC India to invest Rs 17,000 cr, plans to develop Talabira HBL
• Opinion | The not-so-sweet smell of India's growth story HT Mint
• Japan wants auto tariffs scrapped immediately in UK trade treaty Nikkei Asian Review
• The Trade Deal Will Intensify The U.S.-China Rivalry Forbes
• GM Response To 1935 Sit-Down Strike Began March To Bankruptcy, Book Says Forbes
• Hyundai, Kia, Genesis moving fast on new vehicles, technology Automotive News
• Google pays $1.5m to white hat hackers, Toyota says 'thanks' Nikkei Asian Review
Policy
• Will Uddhav bite the bullet on Motor Vehicles Act?
• Commercial vehicles cant ply in parts of Ludhiana from 5am to 11pm
Industry
• Most dues paid, but Essar Steels promoters not off the hook yet
• Pune: Confusion galore, cash rules eway on FASTag roll-out day
• Marshals at toll gates to ensure smooth roll-out of FasTag lanes
• China's BAIC raising Daimler stake to unseat Geely as top shareholder: Sources
• Brave New World: Monetary policy giving way to fiscal policy; the auto revolution is over
• Govt relaxes FASTag rollout mandate, at least 75% toll lanes must collect fee electronically from Dec 15
• Bengalurus last-mile problem
• View: Things to do for the economy
• Double whammy for citizens, thanks to FASTag glitches
• China suspends planned tariffs on US goods
• World economy haunted by risk just got a double shot in the arm
• PIL in Delhi HC challenges rules regarding re-registration of vehicles
• Renault offers CEO job to SEAT's Luca De Meo: Report
• Govt open to pre-budget suggestions to revive economy
• China to target around 6% growth in 2020, step up state spending: Sources
• EESL commissions first EV charging station in south Delhi under pact with SDMC
• Uninsured vehicles to be auctioned in 3 months to pay Tamil Nadu accident victims
• BMC now says no 20% bonanza to road work contractors
• US and China reach initial trade agreement
• Ferrari looking to add women in expanding driver academy
• French want PSA-Fiat board guarantee in $50 billion merger
• ArcelorMittal aims for 30% cut in emissions in Europe by 2030
Passenger Vehicle
• Subaru recalls over 250,000 cars due to potential power loss while driving
• Techtonic: Futuristic vehicles currently in development
• Lofty promises for autonomous cars unfulfilled
• Volkswagen global delivery grows 5.1% to 988,800 units in November
• Britain's Aston Martin talking to investors as reviews funding
• Porsches electric Taycan barely clears the 200-mile-range mark
• General Motors to invest $1.5 billion in Missouri plant
• Daimler upbeat on sales prospects in China
Commercial Vehicle
• Uttarakhand transport dept to return newly-bought buses
• No fear of losing job due to conductorless buses: BEST
• Trucks cant enter Gurugram up to 10.30pm on Monday , Friday
• Daimler Buses partners with Sintratec for 3D parts production
• Will consider DMRC comments before finalising bus route rationalisation: Delhi govt
• SMC standing committee approves tender for 150 electric bus
Two Wheelers
• Women bikers scorch a path in the male-dominated space
Aftermarket
• BMW Motorrad partners with Cooltra to offer ride-sharing in Barcelona
• Uber submits appeal to regain London taxi licence
• Historic Detroit power plant demolished to aid Jeep factory
Auto Components
• Northvolt plans battery recycling in next challenge to China
Auto Technology
• U.S. agency probes 12th Tesla crash tied to possible Autopilot use
Oil & Lubes
• Saudi Aramco extends rally, rises 1% on Sunday
• Opec+ deal isn't worth the paper it's written on
• A new wave of petrochemicals expansion developing in Gujarat
• Maduro to relaunch oil programme in 2020
• Oil India Limited appeals to people in Assam to allow it to carry out day-to-day operations
• Slovenian fuel retailer Petrol sees 2020 net profit rising 13.5%
• Shell partners with CMA CGM for low-sulphur biofuel supply
• Shell Louisiana refinery starting up crude unit
• Assam, North East headed for fuel crisis
 
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