Morning Daily - 2020-02-24

ETAuto Newsletter | Monday, February 24, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Indians use too big car to move single person: Pawan Goenka
• Hyundai to source more components locally for EV play
• Uber says EVs will electrify its India fleet in two years
• CV demand may stay muted for 2 quarters, says Ashok Leyland
• NHAI collects Rs 20 crore from 18 lakh defaulters entering FASTag lanes
• Trump to meet Indian CEOs creating manufacturing jobs in US
• Coronavirus hit: Auto-part firms can hang on till March. The magic bullet is a drive beyond China ET Prime
• Honda stops car production in Philipines
• India's auto industry braces for a hit on import of parts Livemint
• Vehicle prices may rise in March/April @businessline
• Tesla is Slowly Pushing Germany Into Recession CCN.com
• IndianOil expected to ink gas transportation agreement with ExxonMobil & Chart Industries during Trump visit HT MINT
• US and India to discuss 5G during Donald Trump's visit HT MINT
• Opinion | From Clinton to Trump, Indias soft power is the bridge HT Mint
• G-20 offer little reassurance over economy amid virus outbreak Kyodo News+
• 3 Unexpected Ways To Revive Your Job Search When You Start Losing Momentum Forbes
• Middle Management Jobs Are Disappearing - Four Ways To Improve Your Job Search Prospects Forbes
• Tesla's cheap home batteries set to upend utility business Nikkei Asian Review
• Porsche Opens Europe's Most Powerful Charging Parking Lot for Electric Cars Somag News
• Iran's Auto Parts Makers, Tech Companies Focus on Promoting Self-Sufficiency Financial Tribune
• Tech Metals: Lithium Australia takes another step forward with new extraction technology Stockhead
Policy
• Karnataka likely to soon offer minimum social protection to gig workers
Industry
• Gurgaon: Over half of challans in Jan were for illegal parking, wrong-side driving
• Time for Namaste Trump as India & US mop up gains
• Nirmala Sitharaman urges G20 to address tax issues arising from digitisation
• Banks await clarification from RBI on CRR exemptions
• Millions of Chinese firms face collapse if banks don't act fast
• India incs return on equity could be on the cusp of a turnaround
• Non-ferrous metal cos may have a weak Q4
• Automation expo: Crowd swells on Day 2
• No need for panic for industry, trade: Assocham on coronavirus impact
• US surpasses China to become India's top trading partner
• RBI alone can not contain inflation: C Rangarajan
• Donald Trumps mean machines: The vehicles that form the US Presidents motorcade
• 'America First' vs 'Make in India' as Modi hosts Trump
• Union MoS Gen VK Singh inspects road projects in Uttarakhand
• Need to enhance global risk monitoring: Sitharaman
• Ireland an alternative to UK for Indian firms eyeing EU base post Brexit: Irish envoy
• Four-day expo on machine tools, automation tech to benefit MSMEs
• FPIs remain bullish on India; invest Rs 23,102 crore in February so far
• Mangaluru: Smart Road project languishes owing to lack of coordination
• Pune: Vehicle papers a must for minors to obtain licences
• No limited trade deal; US attempts to shift entire blame on India
• China expects more companies to resume operations by late February, early March
• India needs pro-business, not pro-crony policies, says CEA
• Sika CEO not nervous about coronavirus impact
• Punjab FM to centre: Check indiscriminate stoppage of GST credit
• New deadline for completing outer ring road is year end
• Government to seek NPA relief for companies hit by coronavirus
• US services, manufacturing sectors hit wall in February 2020
• China's central bank vows more steps to support coronavirus hit economy
• RBI in discussion with institutions; efforts on to include G-Secs in global indices soon
• EU aluminium firms' dumping complaints groundless, says Chinese association
• Coronavirus outbreak powers niche metal price higher
• Australia's Galaxy Resources swings to annual loss, warns of virus hit
• Russia counts China trade losses from coronavirus
• Coronavirus is a grave concern for economy, says Bank of Japan's Governor
Passenger Vehicle
• FCA to roll out 2-3 more Jeep models locally from next year
• Mercedes steering wheel to be outlawed after this season
• Coronavirus fears: Delhi govt wants passenger vehicles sanitised
• Self-driving car companies complain California test data may mislead
Commercial Vehicle
• Amend law to provide mandatory sleeping births in trucks: MP to Nitin Gadkari
• Maharashtra government vows school buses in 900 extremely remote areas
• WB Transport Dept to reintroduce double-decker bus
• MSRTCs electric buses to stay off Pune-Mumbai route
Two Wheelers
• Awareness drives fail to put brakes on underage driving
• Scooter firm to pay up for selling faulty vehicle
• Looking to scale up motorcycle biz in India: Suzuki Motorcycle
• Money is pouring into scooter startups
• Enforcement Directorate raids multiple premises in Noida Bike Bot ponzi scam case
Aftermarket
• Lucknow: Groping & smut calls part of cab rides for women
• Droom earmarks USD 100 mn capex for tech, marketing
• Berlin based e-scooter firm Tier extends funding round to $100 mln
• Kolkata workshop fire: No assurance to car owners on repairs yet
• Lyft buys digital car-top advertising startup Halo Cars
Auto Components
• EU wants battery autonomy, but first it needs graphite
• Top China steelmaker Baowu Shagang sees Q1 output down 5%, profits hit from virus
Automotive
• Deere's shares hit all-time high on unexpected rise in quarterly profit
Oil & Lubes
• Oil prices fall 2% on demand concerns as coronavirus spreads outside China
• Natural gas prices in India likely to be cut by steep 25 per cent from April
• Vitol CEO sees oil demand drop in Q1 by 2.2 mln barrel
 
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