Morning Daily - 2020-04-07

ETAuto Newsletter | Tuesday, April 7, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Indian Auto Sales recovery only expected in FY22
• Small shifts, automated production to restart manufacturing?
• Two-wheeler volumes likely to contract by 11-13% in FY21: ICRA
• Auto OEM debts in medium resilience category, dealerships to face tough time in recovery: Study
• Petrol sales shrink 15.5%, diesel 24% in March as Covid-19 lockdown wipes demand
• NHAI achieves record 3,979 km highways construction in FY20
• Taking steps to help dealers, customers amid lockdown: Honda Cars
• Truckers demand stimulus for transport industry
• Amid shutdown, dozen listed companies resume partial operations HBL
• Ministries told to prepare business continuity plans
• Volkswagen loses 'damning' dieselgate class lawsuit in UK
• India's March services activity contracts amid coronavirus disruptions
• Fiat Chrysler closure in Italy has MG Motor worried HBL
• India Inc chalks out safety plans for life after Coronavirus lockdown
• Audi pushes electrification offensive with these 4 EV platforms
• Oil, Gas cos seek tax cuts, end to price controls
• Nissan turnaround, struggling stores in jeopardy amid outbreak Automotive News
• FCA, Honda target May for production restart Automotive News
• Bright spot in the sky: Amid turbulence, cargo checks in as the new passenger for grounded airlines ET Prime
• How To Job Hunt During The Coronavirus Pandemic Forbes
• 3 Things You Need To Know About An April Job Search Forbes
• China leans on auto subsidies to jump-start post-virus economy Nikkei Asian Review
Industry
• Lowest ever GST on imports in March
• Over 20% export orders cancelled
• Move only essential items: Transport Body to members
• Pay cuts, job losses may lead to defaults on unsecured loans
• Moratorium option should be for all: RBI
• India's growth may slip below 3% in FY21 if COVID-19 proliferates: KPMG
• Top NBFCs tap overseas market to raise $430 million
• China's vehicle production to drop 11.5% this year: IHS Markit
• COVID-19: FinMin working on second relief package to revive battered economy
• Tesla engineers show ventilator prototype on YouTube
• GST rate cut may help the Covid-19 hit auto sector with demand revival: Study
• India should keep public finances healthy: Former RBI chief Urjit Patel
• Export expectations in Germany's car sector at lowest since 2009
• Global recession due to pandemic inevitable; but recovery can be fast
• Coronavirus: Faced with an unprecedented challenge, how is India faring?
• Revenue to fall over 10%, profit over 5%: India Inc
Passenger Vehicle
• Peugeot parent secures further 3 billion euros of loans
• Kia compact vehicles contractor suspends production
• UK new car sales plunge more than 40% in March
• Fortescue, ATCO to build, operate hydrogen fuelling facilities in Western Australia
Commercial Vehicle
• Truck aggregators can link farmers to mandis: Modi
Aftermarket
• Flipkart ties up with Uber for delivery of essentials
• Uber connects out-of-work U.S. ride-hail drivers to delivery, production jobs
Auto Components
• Copper firms on slowing coronavirus infections and inventory drop
• Copper rises as Chilean miners consider output cut
Tyres
• Top Michelin executives agree to pay cuts to help with COVID-19 response
Oil & Lubes
• Lockdown to delay several oil, gas projects
• Russia is ready for substantial oil output cuts: Sources
• ONGC sells June-loading Russian Sokol crude at record discount: Sources
• Price war fear eases, Aramco hits IPO level
 
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