Morning Daily - 2020-02-28

ETAuto Newsletter | Friday, February 28, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• Scrappage policy will give a better reduction in emissions than BS-VI & EVs, says Vikram Kirloskar
• Emission and safety regulations drive demand for automotive thermoplastics: DSM Engineering Plastics
Top Stories
• Tata Motors, two group finance firms accused of antitrust violations in India
• HMSI recalls certain units of BS VI Activa 125 to replace cooling fan cover, oil gauge
• Transport ministry to partially conceal names of vehicle owners on Vahan database
• Coronavirus impact is reducing now, says Pawan Goenka
• How auto insurers use your nondriving habits to raise prices
• CII Maharashtra elects Tata Autocomp's MD Arvind Goel as chairman
• Coronavirus outbreak could impact India inc: Report
• SIAM proposes to set up South Asian automotive forum
• An evening in Paris to a reunion in Delhi: The GMR-ADP-Tata love triangle and a marriage that wasnt ET Prime
• Geneva car show attendance dwindles as Coronavirus woes spread
• How cloud computing is helping make Apollo Tyres fitter HBL
• JSW Steel takeover of BPSL to be delayed as the case moves to SC HBL
• Leave your prints behind boldly HBL
• Combining digital engagement with physical touch points HBL
• Bosch upbeat about Indias global role in new decade HBL
• Will this Toyota samurai take the MPV battle to the rivals? HBL
• Bank credit growth slows to 6.3% for the fortnight ended 14 February HT MINT
• Can Electric Cars Rise In Time To Save Us? Washington State Says Yes Forbes
• Auto Manufacturers Start Flying in Parts as Virus Threatens Supply Chain WSJ
• FCA to drop shift at Ontario minivan plant, will eliminate 1,500 Jobs Automotive News
• China's CATL revs up EV battery production following Tesla deal Nikkei Asian Review
• 13 Essential Steps When Your Business Is Dealing With Legal Issues Forbes
• How To Identify Game-Changing Talent To Hire For Your Business Forbes
Industry
• Foreign investor sentiment not hit: FM
• Japan's steel industry head urges Chinese manufacturers to cut output
• Rupee extends gains, climbs 4 paise to 71.61 against US dollar
• UK-EU deal should use international standards for auto trade
• UK rejects EU trade demands, threatens to walk away
• India's GDP seen growing at 4.7% in December quarter, with virus impact to come
• Coronavirus could cost world $1 trillion
• SBI FASTag: How to recharge, buy
• Chinese steel output seen falling due to virus outbreak
• Rapid global spread of infection sends FPIs packing from D-Street
• Banks will be encouraged to partner with startups: Finance secretary Rajiv Kumar
• Global recession likely if COVID-19 becomes pandemic: Moody's
• Formula One faces testing times over coronavirus
• Copper slides to 3-week low, inventories reinforce demand fears
• China aluminium firm Zhongwang to sell loss-making smelter for $656 mln
• Govt to include non-scheduled urban, district co-op banks in 3 schemes for MSMEs
• Coronavirus will harm world economy: EU economy chief
Passenger Vehicle
• One Hyundai Motor factory worker in South Korea tests positive for virus
• Tesla shares slump as coronavirus hits China car registrations
• German carmakers warn virus to shrink China market
• Aston Martin shares slide as losses deepen and finance chief leaves
• Skoda Octavia RS 245 bookings to begin on March 1, to be priced at Rs 35.99 lakh
• Covestro partners with Toyota for new lightweight material for EVs
• Audi teams up with trinckle to develop in-house 3D printing capabilities
• UK car industry seeks support, free-trade Brexit deal, as output falls
Commercial Vehicle
• PMPML shows the door to 70 buses of private contractors
Two Wheelers
• Hero MotoCorp launches BS-VI Super Splendor, priced from Rs 67,300
• Honda 2Wheelers launches Unicorn BS-VI at Rs 93,593
• TVS Motor Company expands business to Honduras
Aftermarket
• HPCL sets up first EV charging station in Gujarat at Vadodara
• Amid virus, Chinese ride-sharing cars install added layer of protection
• Vogo raises $20m from Aspada, others
• redBus launches car and bike pooling platform 'rPool' in Delhi
• Waymo joins backlash against California self-driving data requirement
Auto Components
• Mahindra CIE Automotive shares end in red for 10th straight session
• Coronavirus outbreak has affected auto, forging industry: AIFI
• Ind-Ra revises downwards outlook on steel sector to 'negative'
• Solid-state batteries, High-temperature heatpumps and green hydrogen to lead in the next 10 years: DNV GL
• Volkswagen Group Components develops gearbox for all its MEB-based EVs
• China's CATL aims to raise $2.85 bln for EV battery projects
• Fujitsu preparing to stop production in Spain due to coronavirus impact
Oil & Lubes
• HPCL buys 17.28% stake in Petronet MHB for Rs 185.38 cr
• Petrol, diesel to get cheaper as crude oil falls to 13-mth low
• India's gas demand at inflection point, to rise by 66 per cent in 5 years
• Crude oil futures plummet 2.54% on weak global cues
• Rupee rises 20 paisa on cooling crude prices
• India's Petronet explores buying LNG under 10-year contract
 
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