Morning Daily - 2020-04-09

ETAuto Newsletter | Thursday, April 9, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• Maruti Suzuki cuts production by 32.05% in March 2020
• Coronavirus Crisis: Car launches that got scrapped on COVID-19 outbreak and lockdown
• COVID-19 Lockdown - 5 Essential Aspects of the Auto Industry | ET Auto
• COVID-19 to bring in higher automation & digitalisation in Indian automotive sector: ETAuto Roundtable
Top Stories
• Auto component makers root for higher localisation post Covid-19
• ICRA maintains negative near-term outlook for CV sector
• Maruti grabs additional 5% share in passenger cars to 63% in FY-20, holds on to 51% share in PVs
• NRB Bearings appoints Ravi Teltia as CFO
• 3.5 lakh trucks carrying Rs 35,000 crore goods stranded on roads
• Lockdown may have to be extended: PM to Opposition
• Bright spot in the sky: Amid turbulence, cargo checks in as the new passenger for grounded airlines ET Prime
• Partial lifting of lockdown will help, says MG Motor India chief HBL
• Japan to fund firms to shift production out of China
• ASSOCHAM recommends stimulus package of $200 to $300 billion to tide over the COVID-19 challenges
• World trade to decline 13-32% in 2020, says WTO
• California to purchase masks from Chinese EV maker BYD Nikkei Asian Review
• Wuhan's tech and auto factories up and humming as lockdown lifted Nikkei Asian Review
• Why The $2 Trillion Stimulus Package Is Putting Dollars In The Wrong Place Forbes
• Second Coronavirus Wave Would Finish ??V? Shaped Auto Sales Recovery Hopes Forbes
• Goodbye Ghosn: Coronavirus forces Nissan to ditch brash doctrine Nikkei Asian Review
• Southeast Asia's auto plants limp along at 30% of capacity Nikkei Asian Review
• Japan automakers cutting off pay to 32,000 North American workers Automotive News
• Social Distancing: Are The Costs Of Shutting Down The Economy Worth It? Forbes
• Impact of COVID-19 on global automotive industry
• 10 Most In-Demand Tech Jobs On Indeed In 2020 Forbes
Industry
• Government working on staggered easing of lockdown
• Irdai allows insurers to grant moratorium
• Goyal assures exporters of release of important export orders stuck for any reason
• Covid-19: Govt defers updation of CPI base year for industrial workers
• Government may allow highway construction work to resume after April 14
• Coronavirus impact: Evidence mounts that the global recession is already here
• RBI's forex move could shift overseas trades to India
• BMW to start producing face masks
• 40 crore Indian workers may sink into poverty due to COVID-19: ILO
• GM to supply 30,000 ventilators in $500 mln U.S. contract
• India's GDP may plummet to multi-decade low of 1.6% in FY21: Goldman Sachs
• Centre releases Rs 14,103 crore GST compensation to states; more to be released soon
• Indian shares drop in early trade, auto stocks slip
• Automakers turn to online sales to boost volumes amid COVID-19 outbreak
• Covid-19 the last nail in the coffin, this is the gloomiest time ever, say MSMEs
• India Inc fund raising falls 78%, PE investments plunge 40%
Passenger Vehicle
• Renault board to consider dropping dividend: Sources
• Honda back to work in China's Wuhan with temperature checks and masks
• Daimler expects Mercedes to post positive Q1 margin
• Spanish carmaker crafts ventilators from windscreen wipers in coronavirus emergency
• Tata Motors CSR action plan to combat COVID-19
• Tesla to furlough workers, cut employee salaries due to coronavirus
• Volkswagen Mexico says employee died in potential case of COVID-19
Commercial Vehicle
• Ashok Leyland uses kitchens at its units for virus warriors
• MTC on its toes disinfecting, maintaining 3,000 buses
• One truck per trader in Delhi's Azadpur mandi to be allowed from Wednesday
Two Wheelers
• Coronavirus: Shake-out in electric two, three-wheeler segment expected in short term
Auto Components
• Eramet halts Argentina lithium project on coronavirus crisis
• Domestic steel consumption estimated to grow at 2%-2.5% in 2020
Auto Technology
• California allows startup Nuro to test driverless delivery vehicles
Oil & Lubes
• RIL, IOC, HPCL & BPCL raise ?78,000 cr via CPs
• India to use low priced oil from Saudi, UAE to fill strategic reserves
• View: A Saudi-US-Russia oil deal is not a good idea
• Oil prices jump as focus swivels to Opec, Russia meeting on output cuts
 
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