Morning Daily - 2020-04-01

ETAuto Newsletter | Wednesday, April 1, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Automakers stare at a long, dark tunnel, sales in March seen down by 40-80% across segments
• M&M top-deck rejig to take effect today
• India drives into BS-VI era with air pollution control in mind
• Partial relaxation by SC does not offer any meaningful respite for auto dealers: ICRA
• Hyundai announces dealer support package to deal with BS-IV inventory
• Trump rollback of mileage standards guts climate change push
• Trapped in BS-IV stockpile, auto dealers face profit washout. A few wrong turns got them here. ET Prime
• World economy will go into recession with likely exception of India, China: United Nations
• India keeps date with BS-VI fuels amidst corona lockdown
• Feb core sector growth at 11-month high
• What Will It Take For MG, Kia Motors To Make It Big In India? | Forbes India Forbes India
• BS VI: What It Means For The Auto Industry | Forbes India Forbes India
• Asian Factories Sink Deeper into Contraction; China Rebounds Bloomberg.com
• Can Indian Carmakers Kickstart The EV Revolution? | Forbes India Forbes India
• Uber co-founder Garrett Camp steps down from board director role
• Amid coronavirus outbreak, India reduces natural gas price to record low HT MINT
• Tatas object to Shapoorji Pallonji Group plan to pledge stake
• Why Now Is The Best Time To Learn New Skills Forbes
Industry
• Fearful FPIs march out of Indian markets, pull out a record $15.9 billion
• Tesla plans to supply FDA-approved ventilators free of cost: Musk
• ?Government extends foreign trade policy by one year
• Plant shutdowns hit 1.1 million auto workers in Europe: ACEA
• Govt to borrow Rs 4.88 lakh crore in first half of FY21
• Fiscal deficit touches 135.2% of budget estimate at Feb-end: CGA
• Coronavirus epidemic 'far from over' in Asia: WHO
• Coronavirus drives U.S. March auto sales off a cliff
• Fiat Chrysler boss takes 50% temporary pay cut on virus
• RBI likely to cut interest rates by 100 bps in FY21: Fitch Solutions
• Sensex jumps 560 points, Nifty near 8,450 on firm global cues
• U.S. senators urge coronavirus delay to June 1 USMCA trade deal start date
• Automotive OEM plants shutdown: Dates for plant openings, closings worldwide - Audio interview
Aftermarket
• Uber launches 'UberMedic' service to help healthcare workers commute during COVID-19 crisis
• Logistics, ride-hailing firms unite to deliver essentials
• Covid-19: Toyota Kirloskar Motor announces liquidity support for dealer partners
Auto Components
• Kalyani Group contributes Rs 25 crore to PM-CARES to fight coronavirus pandemic
• Copper rebounds as China's factories unexpectedly return to growth
• Covid-19: Amara Raja Group donates Rs 6 Crore to CM relief funds
Auto Technology
• EU antitrust regulators quiz Daimler, others after failed Nokia talks
Oil & Lubes
• Oil prices mixed, US inventory build-up heightens oversupply concerns
• India slashes natural gas prices to multi-year low of $2.39/mmBtu
• Govt extends BPCL bid deadline to June 13
• Oil rises after 18-year lows prompt US-Russia talks plan
• Carbon-free hydrogen production needs multi-billion dollar subsidies to make it cost effective: research
• Falling oil price good news for India, but lockdown may hurt refiners margin
 
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