Morning Daily - 2020-02-29

ETAuto Newsletter | Saturday, February 29, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• ETAutoCast: How smart factories will put automotive industry in fast lane?
Top Stories
• Tata Motors to wind up auto retail business Concorde
• Smart factory market to cross over $390 bn by 2024: Report
• M&M plans to launch cab aggregator for corporates
• Switzerland's Palexpo informs carmakers Geneva car show cancelled
• India's GDP growth slips to 4.7% in December quarter
• Truck & bus financiers cut down financing BS-IV chassis
• Auto stocks tank nearly 9% as coronavirus outbreak disrupts supply chains
• January core sector growth at 2.2%, crude oil drags
• Ready for BS-VI supply, prices to go up marginally from Apr 1: IOC
• Electric Busmaker Proterra Using Its Silicon Valley Tech To Make Green Freightliner Trucks Forbes
• Tata Steel, police raid outlets selling counterfeit products HBL
• Polestar CEO calls out industry, government, consumers for slow EV pace Automotive News
• Chinese car company Geely launched its newest compact SUV with an air-filtration system meant to combat the coronavirus Business Insider
• It's Time for All SUVs to Go Electric WSJ
• Freight's Longer Recovery Road; Economy's Rebound; Cars Take Flight WSJ
• Tesla slips 25% in one week as coronavirus weighs on its China operations Business Insider
• China's CATL revs up EV battery production following Tesla deal Nikkei Asian Review
• Gojek-Grab merger makes sense but hurdles mar its path Nikkei Asian Review
• How The Coronavirus Can Impact Your Job And Savings Forbes
• How To Prioritize Skills Over Resumes When Hiring: 12 Proven Strategies Forbes
Policy
• West Bengal offers penalty waiver on tax default for vehicles
• CRR-exempted loans: RBI says deduction only on incremental lending
Industry
• China's economy expected to rebound from virus hit: Chinese official
• Compulsory certification of ferro silicon might disrupt Indian steel makers
• With Q3 GDP growth at 4.7%, FM says 'steadiness' in economy is a good sign
• Fiscal deficit touches 128.5 pc of budget estimate at Jan-end: Govt data
• New speed limits for Mumbai flyovers, highways
• You have just one more day to get FASTags for free
• As China sneezes, India Inc catches cold: Companies that may take a hit
• Logistics vertical sees maximum job growth in 2019: Survey
• Japan minister flying to Lebanon to make case for Ghosn's return
• Coronavirus poses a logistical headache for F1 teams
• Beware of human cost of going green, says UK activist
• Bank credit growth continues to be tepid
Passenger Vehicle
• GM to add 1,200 jobs at Michigan plants to meet SUV demand
• Volkswagen proposes 35% dividend increase as 2019 profit surges 22%
• Axing of Geneva car show forces manufacturers to rethink car launches
• Porsche's offices searched as part of ongoing diesel probe
• VW strikes 'dieselgate' compensation deal with German consumers
• Porsche plans green financing for $6.6 billion electric car push
• Volkswagen to hire aggressive climate activist to scrutinize policies
• BMW, Audi owners more dangerous to pedestrians
• Fiat cuts 1,500 jobs at Canada minivan plant as demand weakens
• Citroen unveils mini electric car AMI
Commercial Vehicle
• Surat to get 150 electric buses in one year
• Powered by hydrogen, Hyundai's trucks aim to conquer the Swiss Alps
• One in five truck drivers admit to taking drugs while driving: Study
• Engineer IMI says first half sales to fall on China hit
• Truckers would appreciate it if you drove more carefully
Aftermarket
• Renault to sell some car dealerships in France
• Even a mobility revolution cant crack American car culture
• Taxi group wins right to join Uber's London licence appeal case
• TVS Motor Company opens flagship showroom in El Salvador
Auto Components
• Indonesia to issue rules on nickel ore price around late March
• Trade wars hit BASF as coronavirus looms
• ABB confirms profit goals for robotics division
Auto Technology
• US regulators to rate new auto tech, but Europe leads in safety testing
Oil & Lubes
• Oil prices sink to lowest in over a year, biggest weekly drop since 2016
• Crude oil futures fall Rs 90 to Rs 3,305 per barrel
• Norway's mighty wealth fund backs European oil firms' climate plans
• IOC investment of 6,700-crore in Bengal to be finished by 2021-22
• Saudi cuts March oil volumes to China by at least 500,000 bpd
• West Bengal beats national numbers in fuel growth
• U.S. EPA has not decided on response to court ruling on refinery waivers
• NRL starts supply of BS-VI grade petrol and diesel from its refinery
 
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