Morning Daily - 2019-12-25

ETAuto Newsletter | Wednesday, December 25, 2019

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
Top Stories
• Ex-Maruti MD Jagdish Khattar booked by CBI for Rs 110 crore bank fraud
• Enfield to glam up, slim down bikes for women, GenX
• Kia Seltos EV in works, likely to launch in 2020
• Livguard to set up Li-ion battery assembly plant in Manesar in 2020
• Its world-changing, M&M keeps faith in talent moulded at home
• Ashok Leyland joins hand with Yes Bank for vehicle finance
• Renault India starts exporting Triber to South Africa
• Honda sells over 60,000 units of BS-VI Activa, new bike
• Renault India to focus on petrol run vehicles;phases out Lodgy
• SIAM, SMEV welcome electric vehicle policy of Delhi govt
• Shriram Transport Fin plans to raise $500m in overseas bonds
• Nissan top executive Seki to resign in blow to turnaround plan
• When Rahul Bajaj broke deafening silence of India Inc
• 1.10 cr FASTags issued till date for electronic toll collection on national highways
• Maruti Suzuki Dzire sells over 1.2 lakh units in first 8 months of FY20
• Tata Nexon EV vs MG ZS EV vs Hyundai Kona EV: Specs comparison
• Piaggio India launches BS-VI fuel injected Vespa and Aprilia scooters
• Studds expands retail presence in Maharashtra, to add 15 more outlets by FY'20
• JSW Steel to close Vardhman Industries deal by December HBL
• Put 2 slabs of 10% & 20%: GST revamp panel
• Net NPAs of all commercial banks nearly halve to 3.7% in FY19 from 6% in FY18: RBI HT MINT
• Banks need to restart lending to industries to revive growth: RBI HT MINT
• Opinion | How the government can fix the financial sector after the crisis HT Mint
• Governments And Employers Need To Get Real About Longevity Forbes
• Open Borders, Being International And The Gift Of Global Talent Forbes
• China's SAIC and GAC seek safety in numbers as car sales fall Nikkei Asian Review
Industry
• RBI warns banks over focus on retail loans
• Rupee slips 9 paise to 71.27 against dollar
• View: Animal spirits in India show the slowdown may be bottoming out
• Loan fraud case: No wrongdoings found in functioning of Carnation Auto by bankers, says ex-Maruti chief Khattar
• Centre envisions $2 trillion contribution from MSMEs in $5 trillion economy target
• Panel of officers on GST for raising rate, curtailing exemption list to increase revenue
• Cyrus Mistry unlikely to pursue chairmanship at Tata Sons
• Centre exploring bill discounting via RBI to bail out road builders
• Electric cycles attract 5 per cent GST, ordinary cycles 12 per cent
Passenger Vehicle
• BMW says being investigated by U.S. SEC
Commercial Vehicle
• Pradhan launches IGL's long-haul CNG buses; to enable intercity travel
• Why shared autos need to be regulated?
Aftermarket
• Uber co-founder Travis Kalanick leaves board of directors
• Uber: Bengaluru hailed most pool rides in 2019
• In win for Uber, Lyft, judge strikes down New York City's cruising cap
Auto Components
• Zinc drops as rising Chinese inventories stoke demand fears
• Sterling Tools in JV with Chinese company to make components for EVs
• White paper to reduce tax burden on steel sector in the offing
Auto Technology
• Novel CO2 capturing tech may cut vehicle emissions by 90%
Auto Finance
• Mahindra Finance and Cholamandalam preferred NBFC picks in long term: Vivek Mavani
Automotive
• New order inflows for construction sector to improve in 2020: Icra
Oil & Lubes
• India's November oil import growth fastest in seven months: Data
• Trade deal boost tapering off for crude oil market
• Govt's 'Make in India' push may halve domestic crude cess
• Oil analysts see few 2020 fireworks as OPEC+ cuts trim surplus
• 'At 62-mt potential output, CBG can replace entire CNG demand'
 
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