Morning Daily - 2020-03-10

ETAuto Newsletter | Tuesday, March 10, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• ETAutoXplains: Are EVs ready to take off in India?
• Will Creta cut Seltos out in its second avatar in the epic SUV battle?
• Auto slump wanes tyre production during April-Dec, coronavirus crumbles outlook
• Zoomcar eyes Rs 2,000 crore revenue in FY21; plans to increase fleet size by 5X
Top Stories
• Flying car PAL-V to be built in Gujarat, MoU inked with Dutch firm
• Auto dealers fear they will not be able to liquidate BS-IV stock before March 31 deadline: FADA
• Coronavirus: Moody's cuts India growth forecast to 5.3% for 2020
• Govt should use low oil price to spur offtake: Anand Mahindra HBL
• Maharashtra approves fixing upper cap for fares of app-based cabs, no more surge pricing
• World stocks toppled by coronavirus shock, oil price crash
• India Incs FY20 topline growth likely to be the weakest in 4 years
• Network, localisation, pricing keep Maruti unchallenged. Amid slowdown, rivals sit on the fence. ET Prime
• UN trade body predicts big coronavirus hit to foreign direct investment
• As global traffic jams mount, cities try new ways to ease congestion: study
• Slide in oil prices may not be enough to revive car sales HT MINT
• Fall in oil prices opens window for government to raise taxes Livemint
• Virus chokes Tata Motors' growth engine Livemint
• BPCL disinvestment starts off on right note; some challenges stay Livemint
• United Auto Workers union investigating sexual harassment claims CNBC
• Council Post: What Makes Autonomous Shuttles Good For Business? Forbes
• Coronavirus Puts Brakes On India's Auto Sector Forbes India
• Americans Lost Nearly 100 Hours To Traffic In 2019, With Boston Ranking As Most Congested U.S. City In Latest INRIX Survey Forbes
• Ghosn to Nissan: Don't blame me for your struggles Automotive News
• Honda picks Canada CEO Dave Gardner to run U.S. auto division Automotive News
• How Service Leadership Is Changing The World Forbes
• Workplace Conflict: Minding Your Mindset Forbes
Industry
• Company does not hold any additional tier I bonds of Yes Bank: Shriram Transport
• China's Jingye Group completes buyout of British Steel
• IMF calls for 'substantial' stimulus against coronavirus
• German exports to China slump as recession risk grows
• Sensex now falls over 1,600 points, Nifty down 450
• Motorists may soon pay the price for defaulting penalty
• 3,902 people killed in road accidents in 4 years across Nashik
• Odisha govt ropes in IIT-Bhubaneswar to audit traffic calming measures
• India inflation likely fell to a three-month low in February
• Chinas loss can be Indias opportunity: Experts
• Climate change could put 4.5% of Indias GDP at risk: Study
• Educating girls will bring significant changes in society: Rashmi Urdhwardeshe, ARAI Director
Passenger Vehicle
• Mahindra launches locally assembled Scorpio pick-up vehicle in Kenya
• New Hyundai Verna teased ahead of launch
• Struggling Nissan's China vehicle sales drop 80% in February
• Automakers' sales sink in China due to coronavirus epidemic
Commercial Vehicle
• Pink autos coming along, but slowly, uncertainly
Aftermarket
• Transport experts want BMTC to act like an aggregator and not a mere operator
• Flouting norms, two-wheelers being rented out to tourists in Mussoorie
Auto Components
• Dharmendra Pradhan lauds women's contribution in steel, oil sectors
• Ind-Ra revises downward Vedanta's outlook to negative
• Tata Steel committee of directors approves raising Rs 670 cr via NCDs
Tyres
• Finland's Nokian begins tyre production at new U.S. factory
Auto Technology
• Siyata Mobile launches in-vehicle cellular IoT device with Verizon
• Pune: Engineers to devise software to help police track stolen vehicles
Oil & Lubes
• Will continue with capex plans: ONGC chairman
• Excise duties on petrol, diesel may not be raised despite revenue pressures
• India's oil import bill may halve if current crude price holds
• Demand for oil dives for first time since 2009: IEA
• Why crude oil prices crashed 30% today: Key things to know
• Fuel prices drop further as crude rates plunge
 
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