Morning Daily - 2020-03-13

ETAuto Newsletter | Friday, March 13, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• We have sufficient capacity; Ganesh Mani of Hyundai
• Luxury carmakers expect seamless production amid Covid-19 impact
• ETAutoTV: Hyundai has adopted 3D automation: Ganesh Mani S, Hyundai Motor India - Video
• Opinion: Increasing Auto LPG usage for a cleaner environment - What India could learn from Global Example
Top Stories
• Chinese automaker Geely unveils anti-coronavirus SUV Icon
• BS-VI regime: It's end of the road for some popular cars
• Amidst auto slump Bharat Forge rolls out VRS for employees above 10 years
• COVID-19 impact: Subros confirms no disruption in supply
• PV retail sales fall 1.17% in February: FADA
• Covid-19: Auto stocks lose wheels as virus disrupts supplies
• High two-wheeler inventory raises concern for two-wheeler retailers
• Coronavirus impact: App taxis see rides drop by a 3rd
• Sensex down by 3100+ points; Nifty by 900+ points as WHO declares pandemic
• A year of careful planning, a little help from vendors: how Maruti pipped rivals in the BS-VI race ET Prime
• Kia has chosen relevant and attractive segments HBL
• Car rental startups juggle between revenue models to boost profit HT MINT
• Covid-19: Auto firms move launches online, offer test drive of cars from homes HT MINT
• Auto brand set to fire on all cylinders HBL
• HK brothers take on Tesla with $195,000 e-supercar HBL
• Hyundai throws down the gauntlet with new Creta HBL
• Getting children to be the torchbearers for road safety reforms HBL
• Cadillac Puts Its Engines Through the Paces on the Racetrack Nytimes.com
• Report Projects Volkswagen to Be First to Profit From Manufacturing Electric Vehicles Transport Topics
• 4 Simple Hacks That Infuse More Joy And Meaning In Your Work Forbes
• Council Post: Seven Ways To Be More Inclusive Of Women Executives Forbes
• Tesla's honeymoon in China strained by chip downgrade row Nikkei Asian Review
• China's auto industry stuck below 40% of production capacity Nikkei Asian Review
• EV startup Bollinger targets commercial industry with its new chassis TechCrunch
• VW's Lamborghini shuts Italian factory amid coronavirus outbreak Automotive News
Policy
• Parliament passes amendments to Insolvency and Bankruptcy Code
• MoRTH issues advisory on coronavirus control and containment measures
Industry
• Rupee sinks to 74.21, one-month forwards touch record 75.15
• UBS cuts India GDP growth forecast to 5.1% for FY21.
• Tata Sons picks shares worth over Rs 356 cr in Tata Motors DVR, Tata Power, Tata Steel
• SIAM, Volkswagen India drop press conferences due to coronavirus
• RBI announces $2 billion USD/INR swaps to aid forex market
• China automakers seek government relief after February sales dive 79% on coronavirus
• Hiring activity remains flat in February 2020: Report
• India's current account deficit shrinks sharply in Oct-Dec quarter
• Govt may miss tax, disinvestment mop-up targets this fiscal due to coronavirus
• Industrial production grows 2 per cent in January
• Retail Inflation eases to 6.58 per cent in February
• Palladium substitution draws nearer
Passenger Vehicle
• Fiat Chrysler worker tests positive for COVID-19 in Indiana; plant remains open
• Hyundai Verna booking begins at Rs 25,000
• Ford takes aim at Jeep with new Bronco SUVs
• BMW profits slump as legal woes, investment costs bite
• Tax creates price disadvantage for luxury car companies, BMW India CEO says
• China's Feb auto sales plunge 79%, biggest monthly drop ever
• Tesla car sales estimate cut 10% by Morgan Stanley on virus woes
• Coronavirus impact: Toyota halts pay hike first time in seven years
Commercial Vehicle
• In Kochi, CNG buses losing charm with private bus operators
Aftermarket
• Audi opens new service centre in Secunderabad
• Big Boys Toyz reveals expansion plan, aims to open store in Ahmedabad
• Latin American venture firm Mountain Nazca buys e-scooter company Grow
• FirstGroup to sell North American units, not seeing coronavirus impact
Auto Components
• VW plans to tap electric car batteries to compete with power firms
• Vitesco Technologies nets multi-million order from European vehicle manufacturer
• Copper hits over 3-year low as growth fears deepen after US travel curbs
• Chinas third biggest battery maker says auto recovery needed by May 2020
Auto Technology
• Dassault Systmes collaborates with Geico Taikisha to drive mass customization in auto body paint shop
• STMicroelectronics showcases efficient BMS for safer EVs
Automotive
• Hyderabad start-up rolls out electric tractor, promises lower cost of ownership
• U.S. farmers still dependent on trade aid after China deal
Oil & Lubes
• Crude oil futures plunge nearly 5% on weak global cues
• In Saudi-Russia price war, the big winners are oil traders
 
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