Morning Daily - 2020-04-03

ETAuto Newsletter | Friday, April 3, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Car makers to release Rs 1800 crore advances to dealers under Covid-19 package
• Hero MotoCorp liquidates entire BS-IV stock with limited financial impact
• Treat salaries paid to contract employees during shutdown as CSR activity: Suzuki Motorcycle CFO
• India's March factory activity growth at 4-month low amid coronavirus spread
• Uno Minda plans to raise Rs 700 cr via securities
• Coronavirus lockdown: 'Delhi govt to give Rs 5,000 to each of auto, taxi and e-rickshaw drivers'
• How to use idle plants, supply chain: Maruti, M&M, Tata are driving in with face masks, ventilators ET Prime
• Opinion: COVID-19 impact on Indian automotive industry- Taking action in troubled times
• Petrol, diesel prices jump by Re 1 in 3 states on higher tax
• Financial and auto stocks come under bear gaze
• How Maruti Suzuki navigated its BS-VI drive HBL
• Measures that can boost MSMEs during Covid-19 lockdown
• Japan carmakers slam brakes on production as pandemic saps demand Nikkei Asian Review
• India Is A Price-driven Market: Schaeffler's Harsh Kadam | Forbes India Forbes India
• If Leaders Learn Just One Thing About Work During This Pandemic, This Should Be It Forbes
• NBFCs are better placed to weather storm, feels Crisil
• BYD, Toyota finalize 50:50 JV to develop EV batteries
• Indian economy to lose $4.64 billion daily during lockdown: Acuite
• Oil cos switch to BS-VI fuel without raising prices; rate hike due to high state VAT: IOC
• How To Make Your Career Recession Proof Forbes
Industry
• Ukraine asks Elon Musk for ventilators to fight virus
• Finance ministry extends motor insurance validity till April 21
• Exporters seek nod to restart ops with 50% staff, essential tag
• Adani Enterprises bags Rs 867 crore hybrid annuity road project from NHAI
• Banks and NBFCs to see bad loans pile up post moratorium period: ICRA
• Mercedes has worst Takata air bag recall completion rate
• China to ease auto purchase curbs to boost sales
• Once-in-a-decade moves throw up big opportunities in forex market
• Automakers can face dieselgate suits where cars bought: EU court adviser
• Downgrades by ICRA for FY20 surpass 5 year average
• Why the global recession could last a long time
• Global economy could shrink by almost 1% in 2020 due to COVID-19 pandemic: United Nations
Passenger Vehicle
• Romanian carmaker Dacia extends production shutdown
• BS-VI car prices may drop
• Daimler says board members volunteer for 20% pay cut
• German carmakers had crisis call with Merkel: Report
• Output at Nissan's UK car plant suspended throughout April over coronavirus
• BMW develops blockchain for tracking auto components
• China's GAC says Toyota and Honda ventures plan to sell 1 million cars a year by 2025
• Automakers report lower Q1 US auto sales on virus hit
• Volkswagen extends Mexico production halt as coronavirus bites
• Hyundai to establish Mobility Global Innovation Centre in Singapore
Two Wheelers
• Honda 2Wheelers sales grow 5% to 261,699 units in March 2020
• TVS Motor March sales down 55% at 144,739 units, FY'20 sales dip 18%
• Coronavirus impact: BMW Motorrad to skip Intermot and EICMA in 2020
Aftermarket
• Uber to deliver household essentials to consumers, ties up with Bigbasket
Auto Components
• Tata Steel cuts down production across all major operations in Inda and Europe
Tyres
• Apollo Tyres extend shutdown of plants till April 14
Auto Technology
• Veoneer and Volvo Cars to split Zenuity software joint venture
Oil & Lubes
• Oil rebounds on hopes of US intervention to end price war
• Bidding deadline extended for BPCL
 
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