Morning Daily - 2020-03-20

ETAuto Newsletter | Friday, March 20, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• Electronic Carburettor Vs Fuel Injection: The 2W fight continues
• Ashok Leyland to acquire 19% stake in Hinduja Leyland Finance for Rs 1200 crore
Top Stories
• Tata Motors stocks fall to multi-year low
• Rane Group announces senior management changes
• Continued spread of Covid-19 to negatively impact domestic auto sector in near term: Ind-Ra
• TVS Motor shareholders approve re-appointment of Venu Srinivasan as Chairman, MD
• Gujarat: Only 817 Tata Nanos made at Sanand plant in two years
• Petrol, diesel prices remain frozen for fourth day
• A year of careful planning, a little help from vendors: how Maruti pipped rivals in the BS-VI race ET Prime
• What are the GST rates on automobiles in India?
• Auto industry crippled as Covid-19 terrorises the world HBL
• Volkswagen to suspend production in Europe over coronavirus pandemic HBL
• Covid19: Mahindra Group forms Rapid Action Force HBL
• Tata Steel cracks down on counterfeits in Punjab HBL
• Rolls-Royce announces Dawn Silver Bullet collection car HBL
• Maruti expects marginal sales recovery next fiscal HT MINT
• Elon Musk trashes study which projects millions of coronavirus deaths Livemint
• Coronavirus outbreak: Punjab suspends public activities from Friday midnight Livemint
• The man disinfecting public vehicles as a public service Livemint
• No reports of reduction in auto manufacturing due to coronavirus spread: Prakash Javadekar @businessline
• Auto Manufacturing Shutdown Will Affect Thousands of WNY Workers Spectrumlocalnews.com
• Autonomous auto engineer Anthony Levandowski pleads guilty to stealing Google trade secrets Upnewsinfo.com
• Tesla to temporarily shut down Fremont factory TechCrunch
• Employers: Here Are 4 Tips To Minimize Hysteria During A Crisis Forbes
• Microlearning: The Future Of Professional Development Forbes
Policy
• Companies to get extra time to announce Q4, FY20 results: Sebi
• Covid-19: impact: Kolkata bus routes rationalized to ensure overcrowding does not spread infection
Industry
• India Inc seeks stimulus to tackle Covid-19
• Covid-19 impact: MSMEs prepare for further squeeze
• Turkey challenges EU steel import curbs at WTO
• FIIs pull out $4.9 billion from equities in March; outflows set to surpass 2008 levels
• PM Modi sets up task force to assess coronavirus impact on economy
• Central banks deploy trillions to keep economy running
• Proposal for relief to MSME sector on account of coronavirus
• Rupee plunges 84 paise to 75.10 against dollar amid coronavirus scare
• Covid-19 outbreak to hit growth, widen fiscal deficit: Report
• Manufacturing investments fell 15% in FY18: ASI data
• Dilip Buildcon bags Rs 860 cr road project from NHAI in Chhattisgarh
• Banks seek RBI nod for relief to borrowers hit by Covid-19
• Export sector starts feeling pinch of coronavirus: FIEO
• Stressed NBFC sector relying more on banks for borrowings: Care Ratings
• Nifty in strong bear grip, can slide to 8,025 level
Passenger Vehicle
• Japan car lobby chief says coronavirus having big impact on sales, output
• Land Rover celebrates golden jubilee of Range Rover
• Ford pulls down $15.4 billion in credit as virus hits
• Coronavirus: Honda, Toyota set up high-powered teams to closely monitor situation
• GM, Mercedes to furlough all workers in Brazil, suggesting production stop
• Covid-19 impact: General Motors studying if automaker could support production of medical equipment
• JLR to suspend production at Nitra site from Friday on virus concerns
• Skoda begins pre-booking of Karoq and Rapid 1.0 TSI
• Honda will halt all North American production for six days
• Coronavirus impact: Toyota shutting North American plants for two days next week
Commercial Vehicle
• Scania to halt Europe truck production over virus
• Brazil's ground transportation watchdog suspends international bus rides for 60 days
Two Wheelers
• TVS Motor announces measures to contain the spread of coronavirus
• Ducati Motor global sales increase marginally at 53,183 units in 2019
• Harley-Davidson faces proxy fight with investor Impala
Aftermarket
• Ola, Uber fares touch rock bottom as demand falls by 50%
• Boodmo receives fresh funding of Rs 15 crore
• US mobility startups feel the chill from the COVID-19 crisis
• DGGI raids three driving schools for Rs 10 crore GST evasion
• Coronavirus impact: Aapli Bus ridership comes down by 40%
Auto Components
• US auto suppliers seek federal aid to cope with coronavirus hit
• Coronavirus effect: Arcelormittal to cut steel production in Europe
• Thyssenkrupp considers production cuts as coronavirus spreads
Tyres
• Goodyear suspends tyre production in the US, Europe
Oil & Lubes
• HPCL commissions its first petrol pump in Bhutan
• Coronavirus: Petrol pumps in Mumbai region want to operate only for 10 hours daily
 
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