Morning Daily - 2020-03-24

ETAuto Newsletter | Tuesday, March 24, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• Covid-19 lockdown: Auto component cos announce production shutdown
• Zypp eyes Rs 100 cr in next round; plans to expand the fleet size by 15,000 e-scooter
• ADAS sensor market expected to attain valuation of $40.8 billion by 2030: Report
• Brazil automotive update: Industry prospects 2020 - Audio interview
Top Stories
• Covid-19 impact: Auto industry stares at $2 bn loss, as factories and dealers shut shop
• Covid-19 lockdown: Two-wheeler companies saddled with over Rs 2,500 crore BS-IV inventory
• Coronavirus: Auto stocks skid up to 20% on production suspension
• Suzuki to invest $109 million in Myanmar to build a new car plant
• What Will The Trucking Industry Look Like In Ten Years? Forbes
• Covid-19 fight: SIAM, ACMA asks OEMs, component makers to shut plants
• Suzuki Motor halts manufacturing operations at its Gujarat plant
• Covid-19: Hero MotoCorp advances monthly payments to contract workers
• Global Economy to contract sharply in Q2 due to worsening coronavirus outbreak: Moody's
• Coronavirus impact: Tractor cos escape hit on robust Rabi output, prices
• Bajaj Auto announces temporary shutdown of manufacturing facilities
• VECV shuts down 4 plants amidst coronavirus pandemic
• Covid-19 impact: Yamaha India announces plant shutdowns
• RBI to inject Rs 1 lakh crore liquidity via repo operations
• Fight against Covid-19: Ford, GM, Tesla get green signal to make ventilators
• Kia Motors India temporarily suspends operations at Anantpur plant
• Bosch to cut back manufacturing operations at German locations amidst falling automotive demand
• Toyota bets big on AdBlue to reduce emission levels HBL
• With April 1 deadline looming, more than 7 lakh BS-IV vehicles are lying unsold HBL
• IGL to run 55 CNG stations during lockdown in Delhi-NCR HBL
• Covid-19 impact: Jawa, Royal Enfield suspend operations HT MINT
• Mobility firms shift to lower gears as lockdown rules tighten HT MINT
• 70,000 companies report preparedness to fight coronavirus HT MINT
• Coronavirus outbreak worsens case for liquidation of BS-IV vehicle inventory Livemint
• Covid-19 impact: Nissan temporarily lays off 3,000 workers at Spanish plants
• BS-VI-ready auto industry gets corona fever @businessline
• MSMEs in Pune auto hub demand government's intervention to tackle financial crisis @businessline
• Auto Dealers Can Probably Keep Service Bays Open, But Pandemic Measures May Close Some Showrooms Forbes
• GM And Ford Are Not Yet Making Ventilators, Despite Trump's Assertion Forbes
• Industry builds case for federal aid as it awaits stimulus details Automotive News
• Toyota to halt 5 Japan plants in April as demand slows Nikkei Asian Review
• Idled auto industry has vital safety equipment. Donate it now. Automotive News
• Coronavirus Drags Car Dealers Into Digital Commerce Nytimes.com
• Entering This Economic Disaster, Some People Are Less Equal Than Others Forbes
• 13 Tips For Using Annual Employee Reviews To Improve Business Operations Forbes
Policy
• Covid-19 battle: Companies' expenditure to tackle virus to be considered as CSR activity
• Delhi lockdown: No movement of vehicles between city & NCR
Industry
• Covid-19: Public, private companies told not to cut salaries, lay off staff
• Covid-19: Rupee weakens to record low; breaches 76 mark
• Manic Monday: Stock market posts biggest single day fall
• German carmakers pledge to help build medical equipment
• Elon Musk donates 50,000 N95 masks to US hospital
• BSE to stay open on Tuesday despite Maharashtra curfew
• On lending by banks to NBFC, HFCs to be part of priority sector in FY'21: RBI
• Hyundai Motor heir apparent acquires $15 billion shares in automaker
• Daimler CEO says carmaker has no need for state aid
• Corona carnage threatens to wipe off markets entire Modi-era gain
• Germany asks auto giants to make medical gear to fight against coronavirus
Passenger Vehicle
• General Motors halts production at Talegaon manufacturing facility
• Great Wall not willing to enter price war amid sales slowdown due to coronavirus: chairman
• FCA halts work at test lab and pilot plants in Michigan after staff dies due to Covid-19: Report
• Covid-19: Renault India suspends production in Chennai
• South Korea to help auto industry ride out Covid-19 pandemic
• ITAT wants Volkswagen to pay taxes for a six-year-old deal with Nicolas Cage
Commercial Vehicle
• Covid-19 lockdown: Buses, tempos, trucks to remain off roads in Assam till March 24
• Toyota and Hino to jointly develop fuel cell truck
• Maharashtra lockdown: MSRTC, BEST bus operations only for essential services employees
Two Wheelers
• Covid-19: TVS Motor Company halts manufacturing operations in India and Indonesia
Aftermarket
• Maharashtra: No share auto, taxi services till March 31
Auto Components
• Covid-19: German auto supplier Leoni to apply for state aid
Automotive
• CNH Industrial replaces CEO, confirms spin-off strategy
Oil & Lubes
• Coronavirus impact: Oil price slides toward 2003 low on demand shock
• Coronavirus impact: India to save $45 billion on oil imports next fiscal, says CII
 
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