Morning Daily - 2020-03-18

ETAuto Newsletter | Wednesday, March 18, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• After Tata Motors, M&M asks 7000 employees to work from home till 31st March
• Hyundai changes history by underpricing its SUV Creta to Seltos to take on sibling KIA
• Auto stocks touch lowest since Feb 2014, brace for a dud Q1 FY'21
Top Stories
• 25000 auto executives to work from home to contain the spread of covid-19 contagion
• Coronavirus Impact: FADA seeks extension of BS-IV vehicle registrations till May 31
• Coronavirus: Ford asks 1,000 employees in India to work from home
• VW warns of 'very difficult' year in virus crisis
• Highway construction down to 26 km a day
• Coronavirus Impact: Volvo Car India informs 40 employees to work from home
• A year of careful planning, a little help from vendors: how Maruti pipped rivals in the BS-VI race ET Prime
• Stock markets slip to 3-year low; Nifty cracks 9,000
• Covid-19 hits highway monetisation plan
• Companies Amendment Bill 2020 introduced in Lok Sabha The Economic Times
• ONGC declares 100% interim dividend HBL
• Big 3 automakers will partially shut down US plants, bolster safety measures to protect workers FOX 2 Detroit
• Coronavirus to Deal a Mighty Blow to U.S. Auto Industry Zacks Investment Research
• Navigating Experience-Driven Disruption In The Automotive Industry Forbes
• Study Predicts Prolonged COVID-19 Pandemic Could Sharply Reduce Vehicle Sales Forbes
• Boost Unemployment Benefits To Fight A Coronavirus Recession Forbes
• Eight Benefits Of Encouraging Employees To Disconnect On Time Forbes
• Waymo suspends robotaxi service except for its truly driverless vehicles TechCrunch
Industry
• NBFCs likely to see fund squeeze on rising risk aversion among investors
• India's February steel exports fall for first time in 8 months
• Covid-19: French car federation asks for greater government support package
• US Fed announces credit facility to help businesses, households
• Rupee settles marginally down at 74.28 against US dollar
• Mix of both fiscal and monetary policy needed to salvage the economy: Report
• Lithium Urban Technologies ties up with Fourth Partner Energy to set up solar-powered EV charging infra
• India plans to top up strategic tanks with cheap Saudi, UAE oil: Sources
• Coronavirus to hit movement-driven sectors, disrupt supply chains: Moody's
• Pune: Two-wheeler & car sales decline, but tax collections remain stable
• ArcelorMittal, Nippon Steel sign $5.15 billion loan pact to refinance Essar Steel buy
• CII urges RBI for 50 bps rate cut before April meet
• Rupee opens 12 paise up at 74.15 against US dollar
• China's economy will return to normal in Q2, state planner says
• Coronavirus impact felt across German economy
• Rs 2,500 crore collected as toll tax from Gurgaon-Jaipur NH stretch in less than 4 years
• Brazil's battered job market faces new foe: Coronavirus
• London copper recovers slightly after hitting 40-month trough
• Tokyo Steel to cut product prices by 6-11% in April as virus spreads
• Automakers dodged parts shortage, but virus poses new threat
• Indonesia posts biggest trade surplus since 2011 in Feb
Passenger Vehicle
• Maruti Suzuki shares climb 3.79% as Nifty gains
• Toyota partners with China's Momenta on high definition maps for autonomous cars
• California county says Tesla factory cannot operate normally in coronavirus shutdown
• United Auto Workers union sought two-week U.S. auto plant shutdown over coronavirus
• Toyota launches Leadership Edition Innova Crysta at Rs 21.21 lakh
• Audi's Hungarian plant to halt production on Monday
• VW to close most European plants 'for two to three weeks'
• UK PM urges Tata-owned JLR to switch to making ventilators to treat British coronavirus patients
• Tesla's U.S. factory to stay open as coronavirus lockdown begins
• Maruti launches BS-VI compliant CNG version of Eeco, priced at Rs 4.64 lakh
• Maruti Suzuki invites applications from startups under MAIL initiative
• Coronavirus impact: Carmakers put brakes on European production
Commercial Vehicle
• Truckmaker Volvo to temparily halt production at plants in Gothenburg, Ghent
• First batch of 60 CNG buses arrives in city
Aftermarket
• Bike taxis a $5 billion opportunity: Ola
• Hero Electric opens three dealerships in Bengaluru
• Ride-hailing service provider Uber to provide financial support to US drivers diagnosed with COVID-19
Auto Components
• Chile lithium miners take coronavirus precautions, say impact on output minimal so far
Auto Technology
• U.S. agency proposes revising auto safety rules to speed self-driving cars
• Porsche introduces 3D-printing technology for bucket seats
Automotive
• Case unveils fully electric backhoe loader
Oil & Lubes
• Shell Energy ties up with Inox for LNG delivery at doorstep
• Saudi Arabia's crude oil exports to rise above 10 mln bpd in coming months- energy ministry
• Oil prices jump over $1 as sharp falls draw bargain buyers
 
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