Morning Daily - 2020-03-06

ETAuto Newsletter | Friday, March 6, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• Pure Born EV platforms will come to India as volumes rise: Pratap Bose, Tata Motors
Top Stories
• Tata Motors asked to pay Rs 3.5 lakh for misleading advertisement on mileage
• Anurag Mehrotra to take charge of Mahindra-Ford JV as CEO
• Karnataka govt gives massive thrust to decongest Bengaluru,
• Apollo Tyres to cut 750 jobs at Netherlands plant
• IRDAI proposes to hike third-party insurance premium for cars, two-wheelers for FY 2020-21
• FY20-21 going to be challenging year: HMSI
• Jaguar Land Rover partners with Tata Power for EV charging infrastructure
• Mumbais vehicle density 15 times that of Maharashtra
• Shortage of Chinese parts caused $50 bln fall in February's global exports: UN
• Network, localisation, pricing keep Maruti unchallenged. Amid slowdown, rivals sit on the fence. ET Prime
• COVID-19 outbreak in China an opportunity for Indian manufacturing, say industry captains
• BMW launches X1 facelift in India; prices start from Rs 35.90 lakh
• Honda launches 2020 Africa Twin Adventure Sports at Rs 15.35 lakh
• Now companies in the red can pay their independent directors well HBL
• Mahindra Logistics sees FY21 growth stemming from non-auto segments HBL
• Power Struggle: The Startups Battling For Battery Supremacy In India's EV Market Inc42 Media
• With Hector setting the pace, MG Motor aims for the sky HBL
• Brose bullish on India even as China concerns mount HBL
• Cummins India despatches parts to China as coronavirus rages on HBL
• A Chatty Auction Site Is Taking the Classic Car World by Storm Nytimes.com
• Japan's Big 5 face $1.6B profit hit from virus, analyst says Automotive News
• E Is For Environment: Unpacking The Benefits Of E-Scooters Forbes
• Council Post: How HR Can Bring Customer Experience Techniques To Benefits Forbes
• AI Is Growing, But The Robots Are Not Coming For Customer Service Forbes
Policy
• Govt approves more amendments to companies law
Industry
• AK Steel buyer warns of plant closures without stronger U.S. import curbs
• Manufacturing slump to hit 2.7%, the lowest since 2012
• Domestic steel producers may come under pricing pressure
• Former UAW president indicted in spreading U.S. corruption probe
• Experts for safer road design to avoid accidents
• These FASTag lanes to be temporarily converted to hybrid lanes
• Rupee logs 1st gain in 5 days, ends 6 paise higher
• Chinas green goals overtaken by worries over virus-hit economy
• Fed survey finds coronavirus impacting parts of US economy
• Coronavirus boosts Indian steel export prospects as China chokes
• Copper futures gain on spot demand
• RBI may not follow the Fed with rate cut, say economists
• Companies in India to give average 7.8% salary hike in FY21: Survey
• Need project management consultancy to make quality DPRs for highways: Gadkari
• MSME dues should be paid during resolution process: Parliamentary panel
Passenger Vehicle
• Russia's car sales fall 2.2% in Feb yoy
• Motor racing-New Mercedes steering wheel is classic F1
• Family clan members back Volkswagen CEO's electric strategy
• Fiat Chrysler US sales chief who sued the company is leaving
• North American plants secure quite far into this month: GM CEO
Commercial Vehicle
• Uzbekistan signs deal with Volkswagen to produce commercial vehicles
Aftermarket
• Karnataka to open roads for electric two-wheeler taxis
• Mercedes-Benz launches two new outlets in Surat
• MG Motor India launches new showroom in Coimbatore
• Ex-Uber self-driving head declares bankruptcy after $179 mln loss to Google
• ARAI signs agreement with ISIE for electric solar vehicle rally
• Allcargo shares gain on Sebi nod to buy stake in Gati
• Brookfield to weigh $5 billion sale of Capital Automotive
• Uber open to using self-driving tech from competition: CEO
• Uber loses French case, driver declared employee
Auto Components
• Mahindra Heavy Engines doubles energy productivity in 4 years
• Coronavirus to impact global steel sector: Ind-Ra
• Continental reports 1.2 bln eur 2019 net loss; hit by car demand slump
Oil & Lubes
• Oil slips amid demand concern, fears over OPEC+ deal for deeper output cuts
• US EPA to slash biofuel waiver program, mulls other measures to help refiners
 
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