Morning Daily - 2020-03-03

ETAuto Newsletter | Tuesday, March 3, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• Exclusive: Honda Cars announces organisational re-structuring in marketing, sales and network
• Kia emerges as 3rd largest carmaker; M&M record lowest market share ever
• Automotive related contracts in Mexico: What you need to know - Audio interview
Top Stories
• Maruti plans a fresh drive in entry-level space
• Indian EV Industry Looks for a Way Around Covid-19
• India factory activity growth slows in February on weak demand: PMI
• Weak demand, virus outbreak in China bring down two-wheeler sales in February
• India's February unemployment rate rises to 7.78%, highest in 4 months: CMIE
• India reports two positive Coronavirus cases
• Renault vs. Maruti vs. Kia vs. M&M: why the Duster isnt even a shadow of the SUV hulk it once was ET Prime
• Coronavirus lands at BMW, automaker quarantines 150 employees Roadshow
• Stay away from auto stocks till coronavirus problem subsides: Anand Tandon
• Prasad K Panicker appointed Nayara Energys refinery head HBL
• Emerging sectors top fund-raising charts in February HBL
• This car dealership now allows homeless to park and stay overnight Washington Post
• M&M, Ford offer excess capacities to Chinese carmakers eyeing India Livemint
• Bounce raises funds from InnoVen for EV integration, expansion Livemint
• Coronavirus: BMW to live stream launch of new model after Geneva Show called off Livemint
• Why M&M's sales performance in Feb is lagging peers by a mile Livemint
• Honda cuts output at 2 Japan plants on China parts shortage Nikkei Asian Review
• Are China's self-driving cars overtaking US peers? Nikkei Asian Review
• Tesla officially starts offering $2,500 infotainment upgrade Electrek
• Why Our Cities' Transportation Systems Need Totally Redesigning Forbes
• The Importance And Challenges Of Employee Alignment Forbes
• How To Find Meaning At Work Forbes
Monthly Sales Report Card
• Royal Enfield domestic sales grows 2% to 61,188 units in February
• Bajaj Auto domestic sales down 24% to 168,747 units in February 2020
• Suzuki Motorcycle sales grow 3.5% to 67,961 units in February
• TVS Motor sales down over 15% at units in February
• Ashok Leyland February sales dip 37% at 11,475 units
• Mahindra's domestic tractor sales up 21% at 21,877 units in February 2020
• Escorts tractor sales grows 18% to 8,601 units in February 2020
Industry
• India at $5 trillion: An opportunity on world stage
• OECD slashes India growth forecast on Covid-19 fears
• Despite muted demand, rubber prices remain steady
• Indian rupee hits 15-month low after fresh coronavirus cases in country
• US vehicle fleet sets new record for fuel efficiency in 2018: EPA
• Odisha collects Rs 1.05 cr fine from traffic rule violators
• View: Fed may cut rates before next meeting
• Coronavirus to have "substantial" impact on trade: WTO
• Coronavirus may impact India's March quarter GDP growth by 0.2%: Report
• Rupee relatively unaffected by Covid-19 scare: Report
• Coronavirus pushes the world to its first contraction since 2009
• Fitch Solutions cuts India's economic growth forecast to 4.9% for FY20
• German auto industry bracing for slump as demand dips
• Rs 2 lakh crore added in 60 seconds! Sensex jumps 750 points after 6 days of relentless fall
• Auto sector no indicator of economic slowdown: Hardeep Singh Puri
• Nickel rebounds on global policy stimulus hopes
• BMW among companies accused of using forced Chinese labour
• Govt taking steps to boost economy: Anurag Thakur
• Britain vows to drive hard bargain in US trade talks
• Japan's factory activity shrinks at fastest pace since 2016 on coronavirus hit
Passenger Vehicle
• Americans keep buying cars, but coronavirus concerns loom over industry
• China's Geely sold 2.18 million units in 2019, helping virus-hit suppliers
• Coronavirus prompts China's online used car trading firms to cut salaries
• Japanese auto sales slide 10% in February, as coronavirus worries deepen
• EV maker Polestar China hires ex-Volkswagen exec to boost sales
• Hyundai starts receiving bookings for new Creta SUV at Rs 25,000
• Hyundai reports lowest monthly global sales in decade as virus dents demand
Commercial Vehicle
• Bajaj Auto's exports exceed domestic sales for three straight months
• Tata Motors completes delivery of India's first LNG bus order
• Centre may help RTC replenish its bus fleet
• Patna: Speed governor must for city school buses
Two Wheelers
• Yamaha announces price hike of its entire BS-VI two-wheeler range
• Classic Legends launches BS-VI compliant Jawa and Forty Two, priced from Rs 1.60 lakh
Aftermarket
• Google's self-driving sister, Waymo, gets first outside investors
• Spinny raises Rs 315 crore from Fundamentum Partnership, others
Auto Components
• IOC-Phinergy to begin metal-air battery field trials; in talks with auto cos
• Chinas megacity drivers leading new push to cheap EV batteries
• Passenger cars are going to all be electric by 2030: Dana Inc CEO
Oil & Lubes
• Govt plans to enhance ethanol production, increase blending to reduce oil imports
• India sees 2020/21 fuel demand growth rebound
• BPCL valuation high, will evaluate bid: Anil Agarwal
• Sharp cut in petrol, diesel prices on Monday
• Oil traders price in coronavirus-driven recession: Kemp
 
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