Morning Daily - 2020-03-30

ETAuto Newsletter | Monday, March 30, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• Who owns the Indian Component Industry
• Few OEMs come forward to bail out crisis-hit auto dealer partners
• Covid-19 impact: How EV industry is coping with the lockdown?
• CE industry will approach govt for extension of emission norm deadline: Sandeep Singh, ICEMA President
Top Stories
• Hero suspends full payments to suppliers
• Over 40 diesel cars, SUVs to go off road in April
• Opinion: Covid-19 impact on Indian economy and the auto industry - Whats ahead of us?
• Industry wants government to make this financial year a 15-month one due to Coronavirus
• March CPI inflation figures may have caveats as data suffers due to Covid lockdown
• 2020 Detroit Auto Show postponed due to coronavirus
• The cruise-liner industry is in the deep end. There is hope because this industry recovered from the Titanic disaster too ET Prime
• A quarter of MSMEs may shut shop if the lockdown persists
• Covid-19 fight: Mahindra & Mahindra to make face shield for health workers, Pawan Goenka reveals design
• Covid-19 fight: Maruti Suzuki partners with AgVA Healthcare to make 10,000 ventilators per month
• Coronavirus: Hyundai Motor India orders advanced diagnostic testing kits from Korea
• NBFCs want banks to pass on moratorium benefits
• Moodys withdraws Motherson Sumi Systems Baa3 rating HT MINT
• Warren Buffett-backed BYD to supply EV parts to rivals
• Covid-19: India Inc seeks more regulatory relaxations to face lockdown blues HBL
• Covid effect: Govt may ease resolution rules for insolvent firms
• No fuel crisis in India; enough stock of petrol, diesel to last lockdown: IOC
• Electric Vehicle Models That EV Owners In Europe Considered But Didn't Buy CleanTechnica
Industry
• Covid-19: To put a stop to migrant workers exodus, Punjab allows factories to open
• Governments, central banks must boost efforts to help economies cope with crisis: BIS chief
• India to be fastest-growing G20 economy on Covid-19 impact as global economy shrinks
• Covid-19: NHAI makes way for distributing food to migrants at toll plazas
• Higher interest if you defer EMI payment for three months
• Tata Sons pledges Rs 1000 crore in fight against Covid-19
• RBI liquidity shot to give breathing space to borrowers, lenders, say NBFCs
• Corona scare: Exporters urge govt to allow them to operate factories with minimum workforce
• India Inc applauds robust liquidity infusion steps by RBI
• Vedanta CEO Venkatakrishnan resigns; zinc unit head named interim chief
• Each month of lockdown in major economies to shave 2% points off growth: OECD
• Covid-19 stalls Rs 17,000 crore road projects in Tamil Nadu
Passenger Vehicle
• Toyota seeks $9 billion credit line from two Japan banks
• Hyundai partners with Aptiv to form autonomous driving JV
• Covid-19 fight: Volkswagen imports medical equipment worth of 40 million euro to Germany
• GAC Honda to absorb Honda Automobile in China, increases production capacity by 50,000 units
• GM agrees to $120 million settlement to resolve ignition suits
• Covid-19 fight: Mercedes Benz offers support with medical equipment production
• Toyota North America collaborates with medical companies for fabrication of face shields
• Covid-19: Nissan suspends production at three plants in Japan
Commercial Vehicle
• Roadways buses to transport migrant workers stranded in Rajasthan
• UP govt arranges 1,000 buses for stranded migrant workers
• 60% of trucks on roads stalled by non-essential tag
• Covid-19: BMTC operates 180 buses for critical staff
• CNH Industrial may delay Iveco, FPT spin-off due to coronavirus crisis
• Covid-19 lockdown: No decision on transit trucks yet in Maharashtra
Two Wheelers
• Covid-19 crisis: Yamaha India extends free service and warranty till June 2020
• TVS Motor Company extends free service and warranty till June 2020
Aftermarket
• Lyft refers its drivers to jobs at Amazon as ridership falls
• The sharing economy faces the abyss in a pandemic
Auto Components
• Electric vehicle insulation market to grow to $4.2 billion by 2024: Study
• Bolivia's largest mine suspends operations as virus controls tighten
• Bosch develops rapid test kit for coronavirus
• Coronavirus pandemic may impact steel makers' performance in Q1 FY21: Icra
Auto Technology
• Self driving truck startup TuSimple partners with ZF autonomous truck technologies
Oil & Lubes
• Oil outlook: S&P cuts Oman rating deeper into junk
• Covid-19: India's plan to build gas economy receives setback
• Ratan Tata-backed startup provides doortstep diesel delivery to around 10 cities
• Covid-19: No petrol, diesel for those without face masks in Surat
• Coronavius crisis: Global oil storage to fill rapidly as consumption plunges
 
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