Morning Daily - 2020-02-01

ETAuto Newsletter | Saturday, February 1, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
ETAuto Originals
• Auto Expo 2020: Chinese delegates cancel visit to India
• CEOs take on 2020: Festival months will be best indicator of BS-VI demand, says Harsha Kadam
• ETAuto.com presents Live Coverage of Union Budget 2020-2021
• Lexus goes local in India to take on German luxury carmakers
• ETAutoCast: Can MSMEs come out of distress in 2020?
• Motherson Sumi demerges domestic wiring harness unit
• Omega Seiki Mobility invests Rs 200 crore in EV space, launches Singha & Singha Max electric cargo 3W
• Lexus launches LC500h in India, priced at Rs 1.96 crore
Top Stories
• Sales of over 1.7k listed manufacturing firms contracted by 7.7 per cent in Q2: Survey
• India's economic survey likely to forecast 2020/21 growth at 6%-6.5%
• Highways sector needs Rs 19.63 lakh crore investment by 2024-25: Survey
• How the Government should leverage the Union Budget to promote MSME Exports
• Forex reserve hits fresh lifetime high of $466.69 billion
• Tata Motors launches crowdsourcing platform TACNet IdeaNation for mobility solutions
• Marutis woes: puny profit per car, demand for cheaper trims. Inventory push, less discount can help ET Prime
• Budget 2020: Put the horse before the cart
• Coronavirus might upset transition to BSVI vehicles and hit sales, say automobile makers Cnbctv18.com
• Corporate tax cut to mostly benefit less than 1 pc of companies: Survey
• Old wisdom and modern economics HT Mint
• Drop in commercial vehicles diffuse gains in JLR for Tata Motors HT MINT
• Q3 Results: Essar Steel resolution helps SBI post its best quarterly profit ever HT MINT
• Vedanta reports 14% rise in Q3 net profit at Rs 2665 crore HT MINT
• Bank strike impact: Rs 23,000 crore worth of cheques held up HT MINT
• Indias Thalinomic success HT Mint
• Electric scooters can help cities move beyond cars v pedestrians The Guardian
• 3 Simple Fixes For An Afternoon Crash At Work Forbes
• 3 Effective Ways New Leaders Can Motivate A Remote Team Forbes
Policy
• No 3rd-party insurance? States will now send messages to car owners
Industry
• Japan's Nippon Steel to cut 10% of crude steel capacity
• GDP growth rate for FY19 revised downwards to 6.1%
• Economic Survey sources data from Wikipedia, other private entities
• Rupee jumps 26 paise on forecast of GDP growth revival
• Opinion: Stimulating automotive sales growth- expectations from the 2020 Budget
• Rupee rises 25 paise to 71.33 against US dollar
• Fiscal deficit for April-December at 132.4% of the target
• China car sector to take hefty Q1 hit from Coronavirus
• Indias current fiscal growth at 5%: Economic Survey
• Budget should be geared towards fixing jobs, create positive mood in corporate world
• Worked hard to prepare second Economic Survey in six months: Chief Economic Advisor
• China's factory activity falls in January as virus fears grow
• Brexit Day: Businesses see promising India-UK ties ahead
• Union Budget 2020: Investors deserve their fair share
Passenger Vehicle
• Japan's Nidec bets on electric cars and acquisitions to treble sales
• Hyundai Motor to suspend some SUV output in South Korea as virus disrupts supplies
• Skoda Auto sets up software centres to support India 2.0 project
• Tata Motors slips 5% after slowdown alert
• Mitsubishi Motors posts surprise Q3 operating loss as car sales slide
• General Motors teases electric Hummer, will produce 1,013 PS
• MG Motors plans to drive in luxury SUV Gloster
Commercial Vehicle
• Mercedes-Benz sees Brazil truck sales up 18% in 2020
• VW offers to buy all of Navistar for $2.9 bn
Aftermarket
• Ola to start London operations from Feb 10
• Banks launch 1.15bn Euro loan for H&F's AutoScout buy
Auto Components
• Continental's Vitesco gets contract from Volkswagen
• Triton emerges as a front runner to buy Renk
• Canada's Magna bans China travel as coronavirus spreads
• Aptiv CEO sees growth as auto production falls, but shares drop
Oil & Lubes
• Castrol India Q4 PAT up 7% at Rs 323 cr
• Crude oil futures rise over 2% on global cues
 
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