Morning Daily - 2020-02-03

ETAuto Newsletter | Monday, February 3, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | Auto Components | Tyres
ETAuto Originals
• Will 2020 be the inflexion point for electric mobility in India?
• Top hits and misses of Union Budget 2020-21
• CEO's take on 2020: Clean technology is going to be the future of mobility, says Nagesh Basavanhalli
• ETAutoTV: BudgETAuto2020 - A quick analysis
• Scheme to boost electronic manufacturing will aid EV production: Experts
• MSME scheme to boost tech upgradation in auto comp space: ACMA
• ETAutoTV: BudgETAuto 2020 - Expectation vs delivery with industry experts
• Union Budget 2020: Investment in R&D and infra amongst top demand from Auto Inc.
Top Stories
• Two-wheeler buying gathers speed in January second half, BS-IV stock runs out in some regions
• Large Volkswagen contingent to present 2.0 strategy at Auto Expo
• Union Budget 2020: Slab rejigs proposed, here's how it impacts you
• Budget didnt have measures to boost auto demand: TV Narendran, Tata Steel
• Budget 2020: Extend benefits, subsidies of EVs to e-bicycles as well
• Budget 2020: A boost for Made in India BS VI Engines and electric vehicles HBL
• Individual buyers dont like vehicles sold as taxis: why Hyundai will drive Aura alongside Xcent ET Prime
• How India Inc reacted to Budget 2020 HBL
• China's CATL signs battery supply agreement with Tesla
• Toyota launches car rental business in China Nikkei Asian Review
• Elon Musk is now an EDM artist and releases debut track 'Dont doubt your vibe' HT MINT
• Opinion | A fatigued budget that does little to quell defeatism HT Mint
• Opinion | It is complicated but also taxpayer friendly HT Mint
• 3 Things You Need To Know About A February Job Search Forbes
• The Future of Work According to WEF Davos 2020: 5 Minute Summary Forbes
Monthly Sales Report Card
• Maruti Suzuki posts 1.7% yoy rise in domestic sales during January 2020
• Tata Motors sales decline 17.74% to 47,862 units in January 2020
• M&M total sales down 6% at 52,546 units in January
• MG Motor India sold 3130 units in January 2020.
• Toyota total sales down 41% at 7,122 units in January
• Honda Cars India delivers 5,299 BS-VI cars in January 2020
• Hero MotoCorp sales down 13.9% to 501,622 in January 2020
• VE Commercial Vehicles total sales decline 6.1% in January
• Mahindra tractor sales up 4% at 23,116 units in January 2020
Industry
• NHAI on road to cut debt; tax Sops for foreign investors
• No giant leaps by FM, only baby steps, feel startups
• Exporters likely to be exempted from tax at source
• Budget measures too long term, unlikely to meet growth targets in FY21: Crisil
• Researcher work on battery power sharing tool, swap stations to make EVs affordable
• Invoice financing by NBFCs to help MSMEs greatly
• Goa CMO will facilitate locals to set up industries
• Govt hits the road to earn Rs 84,000 crore
• Govt and FM giving highest priority to infrastructure development: Nitin Gadkari
• Union Budget 2020: A year ahead for tax reforms and self-sustainability
• SAIL appoints Anirban Dasgupta as director of projects & business planning
• India's growth, fiscal deficit projections challenging to meet:Moody's analyst
• Govt puts nominal GDP growth at 10% for FY21
• Budget 2020 has both vision and action: PM Modi
• Vehicle scrappage policy to be announced after fine-tuning by concerned ministries: FM
• Govt pegs lower RBI dividend at Rs 60,000cr for FY 21
• Government hikes duty on import of electric vehicles by 5-15%
• Budget lacks immediate measures to revive ailing sector: Auto industry
• FDI in India rises to $284 billion during 2014-19: Nirmala Sitharaman
• Budget 2020: Winners and Losers: Who got what in Budget 2020
• Core sector growth recovers to 1.3 per cent in December
• Six things that the Budget has for an ailing economy
• FM Nirmala Sitharaman proposes to hike customs duty on imported electric vehicles
• What you will lose if you opt for the reduced tax rates and new tax
• Highways development to be accelerated including 9k km eco corridor; Del-Mum expressway in 3 years: FM
• New Income Tax regime proposed in the Union Budget
• Faulty FASTag gadgets go, new plan to end toll snarl
• NIRVIK scheme to provide high insurance cover for exporters: FM
• Budget 2020: Fundamentals of economy strong, inflation well contained, says FM Sitharaman
• View: Structural reforms boost growth
• Will the Union Budget 2020 make it India's decade?
• India's budget likely to increase spending to spur growth
• Sitharaman back with traditional 'bahi khata' for Budget 2020-21
• Budget 2020: Sitharaman may announce income tax reduction, more infra spending to boost growth
Passenger Vehicle
• Lamborghini India wants to continue growth momentum in 2020
• Hyundai to unveil all new Creta, Tuscon at Auto Expo
• Nissan, Renault map out fresh start for troubled car alliance
• Aston Martins electric-car plans fall victim to stroll rescue
• Cut in customs duty on palladium likely to benefit auto cos
• French car parts maker PSA extending plant closures in China
Aftermarket
• Uber exits Colombia
• Uber suspends 240 users accounts over possible virus contact
• Want to own a Ferrari? Now you can through a new digital token
Auto Components
• Steel industry hopeful that government's focus on infrastructure sector will boost capex
• Varroc to manufacture EV Battery Management Systems for Danish company Lithium Balance
• Reduce GST to 12 or 18%, 28% is killing business, say auto parts manufacturers
Oil & Lubes
• ONGC, IOC, other oil PSUs to invest Rs 98,521 cr in FY21
• Fuel prices further reduced post Budget
 
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