Morning Daily - 2020-04-08

ETAuto Newsletter | Wednesday, April 8, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• ETAuto Online Roundtable: Experts chalks out strategies to survive the COVID-19 crisis
• Hyundai aims growth amid 2020 challenges: SS Kim
• Top 10 PVs sold in FY20; Maruti Suzuki sweeps seven spots
• What is the way ahead for auto dealers?
Top Stories
• Skoda to fund dealers April-June fixed cost, new launches on schedule
• Groupe PSA postpones 1st product launch in India to 2021 due to COVID-19
• Mahindra retains third position in PV sales during FY20 beating Tata Motors
• PVs, trucks may see some revival; two-wheelers to struggle: Report
• Auto parts companies face late payments
• Hector Plus, Gloster launch plan on track amid Covid-19 crisis
• Bright spot in the sky: Amid turbulence, cargo checks in as the new passenger for grounded airlines ET Prime
• Indian economy likely to grow 2% in FY21: ICRA
• Crisis in auto sector worsens as more firms defer payments Livemint
• The wheels could come off the car industry BBC News
• Auto component makers face double whammy of demand, supply shocks Livemint
• Auto OEMs on digital sales push to build customer base for post-lockdown phase HBL
• April Auto Sales Could Plummet 80% In Europe, 60% In U.S. Forbes
• Fiat Chrysler closure in Italy has MG Motor worried HBL
• Council Post: 13 Strategies To Ask For A Job Without Sounding Desperate Forbes
• How To Eliminate HR Traffic Jams Caused By Technology Forbes
Industry
• Economists revise India's growth forecast in less than a month due to uncertain impact of COVID-19
• Covid-19 outbreak: NBFCs face twin challenges of debt repayment, cash shortage
• Will RBI react to MFIs' distress call?
• Mexico asks U.S., Canada to grant automakers transition for USMCA rules
• Rupee surges 49 paise to end at 75.64 against dollar amid stocks rally
• Honda furloughs US workers until May 1 as coronavirus suspends operations
• Allstate to return $600 mln in auto premiums to customers as pandemic cuts driving
• Coronavirus Impact: MSME sector may face mass-scale shutdown if help doesn't come
• IL&FS case a 'blessing in disguise' to address corporate governance issues: Official
• Coronavirus hammers UK consumers, construction and car sales
• Mexico auto production, exports nosedive as coronavirus bites
• India jobless rate swells above 23% amid coronavirus lockdown, survey shows
Passenger Vehicle
• Hit by coronavirus, Fiat Chrysler, Peugeot seek to boost cash before merger
• Impact on auto sector to be clear once lockdown is lifted, supply chain resumes full ops: Nissan
• BMW sees demand falling further after Q1 sales plunge due to coronavirus
• Now, a corona car to spread awareness in Telangana
• JLR employees raise over $20,000 to help coronavirus affected people in UK
• Honda, Fiat Chrysler aim to restart U.S., Canada auto production in May
Commercial Vehicle
• Truckers, labour get 30% more pay from FMCG companies
• Worlds biggest lockdown brings trucks to a standstill
Two Wheelers
• Harley Davidson launches 2020 Low Rider S in India, priced at Rs 14.69 lakh
• TVS Motor Companys social arm announces support measures for service providers
Aftermarket
• MLL drives in emergency cab service
• Lockdown affects app cab drivers livelihood
• Ola starts service for hospital visits in Bengaluru
• Ford India extends service, warranty period till June 30
• Hero MotoCorp extends duration of warranty, free service till June 30
• Rapido partners with multiple companies for essential item supply
Auto Components
• Mexico's Nemak temporarily suspends work in some plants due to coronavirus
• JSW Steel prepares to restart full-scale production after lockdown ends on April 14th
Tyres
• JK Tyre provides food supplies to over 10k migrants, daily workers
Auto Technology
• Musk building ventilators using Tesla car technology
Auto Finance
• Moody's flags risks in China auto-loan ABS after record delinquency
• Acko offers one month policy extension on auto insurance
Oil & Lubes
• India to continue prompt fuel exports for at least two more weeks
• Plunging fuel demand has OMCs worried on all fronts
• Big Opec+ oil output cuts depend on US, others joining
• Oil rises as hopes build for global production cut
 
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