Morning Daily - 2020-03-31

ETAuto Newsletter | Tuesday, March 31, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Auto Cos Seek Bank Breather for Dealers
• $3 billion cash flows stuck on account of lockdown, auto parts companies urge vehicle makers to release timely payment
• 10-day extension of BS-IV deadline unlikely to do 'any good' to auto industry: Report
• Good news for motorists! IRDAI keeps motor 3rd party insurance rates unchanged beyond March 31
• Automobile manufacturers asked to make ventilators: Health ministry
• Eicher Motors' Royal Enfield invokes force majeure clause to select vendors
• Covid-19: We must think about this unnecessary lockdown, says Rajiv Bajaj Business-standard.com
• Flight of migrant workers not to have much effect on Maruti: RC Bhargava
• No change in financial year: Government
• Trapped in BS-IV stockpile, auto dealers face profit washout. A few wrong turns got them here. ET Prime
• Shapoorji Group set to pledge Tata Sons stake, raise $1 billion HT MINT
• Coronavirus lockdown: Auto volumes hit slow gear, could witness 50% decline Business-standard.com
• Global oil prices plunge to 2002 low but petrol, diesel rates unchanged in India
• Huawei steps up ambitions in self-driving vehicles race Nikkei Asian Review
• Isuzu Motors defers BS VI vehicle launch to 2nd quarter of FY-21
• Insurance cover for truck drivers risking life during coronavirus to ensure essential supply?
• Lockdown fallout: MSMEs seek govt help for payment of salaries HBL
• Shifting to ventilators will be a challenge for GM
• France's Renault puts Paris white collar staff on partial unemployment
• Harley-Davidson grants board seat to investor Impala
• Ind-Ra revises FY21 GDP growth downwards to 3.6 pc
• Coronavirus could force GM to delay its redesigned 2021 SUVs
• Fiat Chrysler looks to resume some Italian production next week
• 3 Productive Tips From Work-From-Home Veterans Forbes
• The One Thing You Need To Know If You Lose Your Job Forbes
Policy
• Covid-19: Govt extends vehicle fitness certificate, driving license validity till June 30
Industry
• Banks yet to act on EMI relief, spark confusion
• Covid-19 impact: Tax and duty relief likely in package for industry
• Transit utilities in Bengaluru incur losses; experts stress need for financial aid
• U.S. to finalize fuel efficiency rewrite through 2026
• Rupee plunges 70 paise as Covid-19 concerns weigh
• FPI limit in corporate bonds raised to 15% for FY21
• Hero Group pledges Rs 100 crore to fight coronavirus
• Renault says China, South Korea plants restarting after virus shutdown
• Fitch Solutions cuts India GDP growth forecast to 4.6% for FY21
• EV startup Zypp installs 20 battery swapping stations in Delhi-NCR
• Volumes fall in India markets snarled by lockdown
• China's Geely warns of virus headwind after 35% 2019 profit drop
• Trump uses wartime act but GM says it's already moving fast
• China's Geely warns of virus headwind after 35% 2019 profit drop
• S&P further slashes India's growth forecast to 3.5% from 5.2% for FY21
• India's only Formula 1 circuit will now house migrant workers as lockdown restrictions tighten
• Rs 3 lakh crore gone! Sensex tanks 700 points amid rising Covid-19 cases
• China may issue new policies to stimulate auto demand: Vice industry minister
• FinMin, RBI meeting on Tuesday to decide first-half borrowing plan for FY21
• Investors hit hard by steep fall in toll collections
• March CPI inflation figures may have caveats as data suffers due to Covid lockdown
• Covid effect: Govt may ease resolution rules for insolvent firms
Two Wheelers
• Covid-19: TVS Motor Company pledges Rs 25 crore to PMs relief fund
Aftermarket
• Italy's Exor to invest $200 million for 9% of U.S. Via Transportation
• Covid-19: Volkswagen India extends warranty till July 2020
• Ola Cabs gives 500 vehicles to transport doctors and for coronavirus-related activities
• China's BAIC, Didi plan car leasing service amid new car sales slowdown
• Covid-19: Maruti Suzuki extends service, warranty period till June 30
• Hit by a virus and lockdown, the wheels are coming off the Indian logistics industry
Auto Components
• Steel industry faces inventory build, liquidity issues
• ABB warns on profit after hit from coronavirus, low oil prices
• BYD launches new blade battery with revolutionary EV safety standards
Tyres
• Tyre industry foresees a loss of about Rs 5000 crore in six months to July
Auto Technology
• Autonomous vehicles can reduce drink driving, claims study
Oil & Lubes
• Coronavirus crisis a 'game changer' for oil sector: Goldman Sachs
 
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