Morning Daily - 2020-02-13

ETAuto Newsletter | Thursday, February 13, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• IIP down 0.3% in December, retail inflation surges to 7.59% in January
• Ashok Leyland Q3 net profit dips 87% at Rs 57 crore
• ETAutoTV: Auto sector will stabilize in FY21: Kenichi Ayukawa, Maruti Suzuki MD & CEO
• ABB India bags traction device orders worth Rs 191 crores
• ETAutoTV: With BS-VI transition, OEM and component makers will have a global export opportunity: Deepak Jain, ACMA President
• Skoda's first electric SUV to be named ENYAQ
• ETAutoTV: Auto component market would revive in H2 2021: Rohit Saboo, NBC Bearing India
• Nissan teases its India-bound compact SUV again
• Bajaj Auto launches Pulsar 150 BS-VI, priced at 94,956
• Lumax Auto Technologies partners with Ananda Drive Techniques for motors and controllers
• SAE India Foundation recognises contribution to mobility technology
• Lumax Auto extends joint venture with Stanley Electric
• Isuzu Motors India opens service facility in Hyderabad
• Hero MotoCorp launches Hero Connect for connected mobility
Top Stories
• India auto production to shrink by 8.3% in 2020; coronavirus spread may hit supply chain: Fitch
• Car companies not getting many cab rides now
• OPEC says coronavirus to trim 2020 oil demand, weighs output cut
• Tesla recalls 15,000 Model X SUVs for power steering issue in North America
• Not in denial over state of economy, unemployment: FM
• BMW aims to slash CO2 output by 20% in 2020
• Amtek Auto lenders accept 80% haircut on Rs 12,700 crore dues
• EVs cant run on legacy: a lesson from Tesla that can drive M&M and Tata electric cars to scale ET Prime
• Ather Energy to look beyond 2-wheelers in 5 years HBL
• IRB Infra commissions Goa-Karnataka border highway project HBL
• Prolonged coronavirus outbreak would hurt banking sector: Moody's HT MINT
• Opinion | We must brace for the economic fallout of coronavirus HT Mint
• Opinion | India can do more to put its economy on a firm footing HT Mint
• Opinion | Green shoots are at risk of the big crisis in China HT Mint
• Mazda delays restart of Chinese factories amid coronavirus threat Nikkei Asian Review
• In A Changing Economy, You Win When Your Employees Do Video Forbes
• CEOs, Are You Missing The Mark On Culture? Forbes
• How To Improve Your Talent Acquisition Methods Forbes
• Why global production numbers don't always tell the full story Automotive News
Industry
• Give 2 helmets or we will stop vehicle registration: Bombay HC
• India, US engaged in hectic parleys on trade deal
• Have reservations about cost escalation of Zojila Tunnel: Nitin Gadkari
• FASTag to be available free of charge for 15 days
• Auto Expo ends with over 70 launches, unveils; records 6.08 lakh visitors
• IRB Infra commissions Goa-Karnataka border highway project
• Coronavirus impact: Groupe PSA supplier receives Force Majeure slip from China government
Passenger Vehicle
• Fiat Chrysler Latin America CEO sees 1.5% auto sales growth in the region
• Nissan files $90 million suit against Carlos Ghosn
• GM Korea to suspend assembly line as virus hits parts supply
• Daimler's dividend reverse may be just the start
• Honda to restart vehicle production in China on Feb 17
• Honda recalls 241,000 Odyssey minivans in US over possible fire risk
Commercial Vehicle
• SoftBank-backed Innoviz partners with China's Shaanxi for autonomous trucks
• Not more than 3,000 CNG autos can move in Tricity
Two Wheelers
• Hero MotoCorp launches Hero Connect for connected mobility
Aftermarket
• Lyft forecasts slower growth in 2020, leaves target profit unchanged
• AutoNation quarterly profit jumps on higher used-car sales, one-time gain
Auto Components
• BASF picks German state of Brandenburg as battery materials production site
• Battery storage, smartgrid, and energy efficiency companies raised $2.3 billion in 2019
• Copper trades in narrow range amid coronavirus uncertainty
Tyres
• CEAT unveils tyre factory in Tamil Nadu
Oil & Lubes
• Oil prices rise as new virus cases slow, easing Chinese demand concerns
• Venezuela backs OPEC+ recommendation to cut crude output
 
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