Morning Daily - 2020-03-16

ETAuto Newsletter | Monday, March 16, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• No respite to auto industry as negative sale continues amid coronavirus worries
• GoZero to secure $500,000 seed funding by June 2020; targets $1.2 mn revenue in FY21
• Do automatic cars have more women takers?
• Automotive electronics market to touch $382 billion by 2026: Report
Top Stories
• Coronavirus impact: Tata Motors informs 3000 employees to work from home
• Automakers to move SC for more time to register BS-IV vehicles amid Covid-19 outbreak
• HMSI recalls certain units of 3 scooter models to replace rear cushion
• Corona scare: Maruti Suzuki, Hyundai and Toyota take measures, restrict travel
• Auto-part manufacturers seek freight subsidy, GST reimbersement
• Petrol price cut by 12 paise per litre, diesel by 14 paise
• Tony Thomas to retire as CIO of Nissan Motor Corporation
• A year of careful planning, a little help from vendors: how Maruti pipped rivals in the BS-VI race ET Prime
• Excise duty hike on petrol, diesel: Govt to garner Rs 39,000 crore
• True Value sells over 4 lakh used cars in FY20: Maruti Suzuki
• Exposure to auto sector mainly in Europe hits Motherson Sumi Livemint
• Toyota develops new paint atomizer, claims 95% coating efficiency
• Lower crude oil prices, pandemic fears to impact various sectors Livemint
• European Auto Sales Forecasts Consistent Despite Coronavirus Worries, But Expect More Intelligence From VW, BMW This Week Forbes
• Outbreak clears out offices, threatens to decimate auto sales Automotive News
• Vulnerable Older Workers Need Paid Sick Leave To Stem Coronavirus Spread Forbes
• Three Steps To The Perfect Workflow Forbes
Policy
• Goa governmet rolls up its sleeves to boost use of electric vehicles
Industry
• Coronavirus fear is mind killer: Elon Musk
• India Inc braces for Covid-19 impact, hopes damage is minimal
• Covid-19 impact: RBI rate cut may come sooner than expected
• Coronavirus pandemic puts US Fed on rapid route to zero
• WTO prolongs shutdown, bars staff from premises over virus
• February automobile sales down 12.4% in Gujarat
• Haryana Police to install speed radars on Ambala-Delhi highway
• View: Coronavirus threat could spark a mega recession
• Delhi government clears way for hefty spot fines by traffic cops
• Corona scare: FPIs press panic button, withdraw Rs 37,976 cr from Indian mkts
• Develop app to help commuters report potholes, govt told
• Govt approves tax reimbursement scheme for exporters
• RBI may go for rate cut before next scheduled policy, says brokerage
• Exports rise for first time in seven months
• Finance Minister Nirmala Sitharaman chairs Goods and Services Tax Council meeting
• Indonesia transport minister has coronavirus: Government official
• Coronavirus: Traders, MSMEs seek stimulus package, deferral of statutory compliance
• Canadian Parliament rushes through ratification of USMCA trade pact
• China copper inventories near 4 years high as supply swamps virus-hit demand
• Covid-19 impact: GST Council to discuss on revenues, rationalising rates
• Coronavirus scare: Daimler, Continental postpone investor meet
• Coronavirus impact: Banks take emergency steps to reduce disruption
• CEA Subramanian suggests RBI can look into rate cut
• Tamil Nadu to get 4,000-acre e-vehicle park
• China pumps $79 billion into economy with bank cash reserve cut
Passenger Vehicle
• Ford to shut Spanish factory for one week due to coronavirus outbreak
• Ferrari to close plants in Italy for two weeks in coronavirus response
• GM, Ford, FCA and UAW form joint task force to limit coronavirus impact
• Hyundai sees silver lining in coronavirus pandemic as consumers opt for safe personal transportation
• Aston Martin boosts capital-raising plan after coronavirus market volatility
• Fiat Chrysler plant resumes production after 24-hour halt over coronavirus fears
• Hyundai teases the new Elantra ahead of global unveiling
• Volvo recalls 736,000 cars for autobrake issues
• Futuristic driverless cars look like loaves of bread
Commercial Vehicle
• Who secures the security? Plight of DTC bus marshals
• Coronavirus: Delhi govt orders all mini buses to be disinfected daily
• IIT-Kharagpur's e-vehicle project gets funding for building lighter frame
• Coronavirus: BEST loses one lakh riders daily, 3% drop in March
Aftermarket
• Mumbai: Aggregator cab drivers must know their routes
• Combating Covid-19: Driver unions defy Uber, Ola's claim of safety steps
Auto Components
• ZF launches industry first front electric park brake
• Brakes maker Brembo to suspend Italian operations next week for virus protection work
Oil & Lubes
• Sharp rise in cashless transactions at petrol pumps : Survey
• Lower cut in oil prices ahead as oil cos factor in higher excise duty
• Government raises excise duty on petrol, diesel by Rs 3 per litre
 
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