Morning Daily - 2020-03-25

ETAuto Newsletter | Wednesday, March 25, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• Sonalika Tractors pays 20 days of March salaries and wages to all its employees
• Rapido aims to expand service to over 200 cities in 2020: Aravind Sanka
Top Stories
• PM Modi announces 3 weeks nationwide lockdown
• Its an unprecedented crisis, at least a months biz could be lost: Pawan Goenka, MD, M&M
• JK Tyre top management takes salary cut, 25% pay cut for Chairman Singhania
• Excise duty on fuels to go up by Rs 8 per litre to fund Covid-19 fight
• Plant closures to lead to a loss of over Rs 2,300 cr per day: SIAM
• A week before BS-IV deadline, lockdown jeopardises Rs 6,400 crore worth of vehicle stock
• High Court restrains Indian e-rickshaw maker from using trademark similar to BMW
• Thyssenkrupp to cut 3,000 jobs at steel unit by 2026
• Mahindra Logistics appoints VS Parthasarathy as non-Executive Director, Chairman of Board
• Tax filing dates extended, business rules eased, bank charges waived off by FM Nirmala Sitharaman
• Coronavirus impact: Toyota Kirloskar Motor halts productioon at Bidadi plant
• ACMA wish list for PM task force to tide over the corona crisis
• Hero Cycles allocates Rs 100 crore contingency fund to mitigate impact of COVID-19 crisis
• Coronavirus impact: Apollo Tyres, Ceat suspend manufacturing operations
• Coronavirus fight: General Motors accelerates 'Project V' to build ventilators in Indiana
• Coronavirus crisis: National Highway toll collection halves in one week
• MSMEs say jobs can be protected only with govts financial help HBL
• Its the job of management to plan for a contingency, says Rajiv Bajaj HBL
• Covid-19 impact: Bengaluru enterprise TWU extends a helping hand to auto drivers @businessline
• Authorities investigate allegations of anti-Semitism at car dealership Recordonline.com
• Coronavirus Update: Auto Events Moved or Canceled Kelley Blue Book
• Japanese automakers halve global output as pandemic rages Nikkei Asian Review
• Congress Must Step Up To Rescue Riders In COVID-19 Stimulus Forbes
• Car Sales And Service Providers Are Embracing Home Delivery Models In The Age Of COVID-19 Forbes
• Grads of Life BrandVoice: How To Lead In A Time Of Crisis Forbes
• Dealers Dig In, To Fight Stay-Home Orders Closing Car Sales Entirely; Service And Parts Remain Open Forbes
• Dealers Ask Trump To Deem Sales Essential During COVID-19 Crisis Forbes
• Two FCA plant workers with COVID-19 have died, UAW says Automotive News
Industry
• Moody's places Vedanta Resources rating under review for downgrade
• Covid-19 lockdown: Govt likely to fall short of revised divestment target by Rs 13,000 cr
• Covid-19 crisis: Metals and mining cos likely to see a sharp fall in earnings
• After green shoots in Q3, NBFCs credit demand may halve this quarter
• Announcements made by FM will help businesses tide over COVID-19 impact: Industry
• IMF warns coronavirus recession could be worse than 2009
• Sensex rebounds 693 pts after worst fall in history, pares some gains on lack of stimulus
• Covid-19: US auto industry urges lawmakers to ensure sufficient liquidity
• Covid-19 pandemic: Surveys show virus outbreak savaging global economy
• Coronavirus: Steel ministry asks PSUs not to cut production
• Stoppage of vehicles on national highways would create more problems: Venkatesh to Gadkari
• Covid-19 attack limits microfinance outreach
• Amid copper market mayhem, funds head for the exit door
• Indias crude steel output up 1.5% in February
Passenger Vehicle
• Covid-19: Tesla CEO says bought ventilators in China for US
• COVID-19: Nissan temporarily suspends production in Africa, Middle East and India
• General Motors to draw down $16 billion in credit, suspends 2020 outlook
• Geely's EV brand Polestar starts production of Polestar 2 sedans at Zhejiang plant
• Suzuki Motor extends Gujarat plant shutdown till 31st March
• Covid-19: Mazda suspends production in Japan, Mexico and Thailand
• Covid-19: Ford suspends production in India, South Africa, Thailand and Vietnam
• Covid-19: Toyota to halt production at 7 plants in Japan
Commercial Vehicle
• Several cities block electric rickshaw registrations
• Coronavirus: Navistar suspends production at Springfield assembly plant for two weeks
• Scania revenue up 11%, truck orders decline 9% in 2019
• Covid-19 lockdown: PMPML buses only for emergency services staff
Two Wheelers
• Okinawa halts manufacturing operations amidst coronavirus outbreak
Aftermarket
• Covid-19: Ola waives car lease rentals
• Covid-19: Auto dealers can keep service bays open in US
• Coronavirus drags car dealers into digital commerce
Auto Components
• Steel companies might face tough competition as China raises steel export rebate to 13%
• Amara Raja Group suspends manufacturing operations till 31st March
Auto Technology
• Toyota partners with Nippon Telegraph and Telephone Corp for a smart city project in Japan
Automotive
• ION Energy joins hands with Wamtechnik over electric excavator
Oil & Lubes
• To enforce lockdown, petrol, diesel sale stopped in Pune
 
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