Morning Daily - 2020-04-10

ETAuto Newsletter | Friday, April 10, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• Tata PV to get a new partner, probably Chinese this time
• Transporters warn of total collapse as COVID-19 lockdown strains freight movement
Top Stories
• India may have to sell itself out of this crisis, says Rajiv Bajaj
• Covid-19 to pull back India's passenger vehicle and truck market by a decade
• Motown wants agile manufacturing post Covid-19 pandemic
• India's industrial output grows 4.5% in February
• HMSI announces dealer support package to deal with BS-IV inventory
• Tata Motors and Mahindra face the heat, too HBL
• Bright spot in the sky: Amid turbulence, cargo checks in as the new passenger for grounded airlines ET Prime
• New web tool helps dealers navigate federal coronavirus aid Automotive News
• Swaraj Tractors offerstandby tractor facility to help farmers during coronavirus HBL
• Tata companies told to conserve cash, go slow on capex
• How digital technologies can elevate the car-buying experience Deloitte Insights
• Covid-19: Vehicle rental firms chip in to support essential services HBL
• Stay-Home Orders Have Largely Frozen U.S. Auto Sales, But Service Is Widely Available Forbes
• Second Coronavirus Wave Would Finish ??V? Shaped Auto Sales Recovery Hopes Forbes
• Preventing Civilization??s Collapse With On-Demand Transit Service For Key Workers During Pandemic Forbes
• 37% Of Jobs Can Be Done From Home, According To A New Economic Analysis Forbes
• How The Coronavirus Outbreak Will Change Careers And Lives For The Foreseeable Future Forbes
• The Great Need For Matching Individuals To Jobs During The Recession Forbes
Industry
• Crisil reaffirms ratings on M&M's debt programmes, bank facilities
• Revise, upgrade schemes to help MSMEs battled Covid-19: Gadkari
• View: Keep transport wheels rolling
• China's car market seen rebounding from virus as lockdowns ease
• India's GDP may grow at 4.8% in FY21, Covid 19 to have adverse economic impact globally: UN report
• Govt may soon announce second stimulus package worth over Rs 1 lakh crore: Report
• Covid-19 pandemic to hit MSME exporters more: Trade experts
• COVID-19: RBI hopes monetary, fiscal measures to spur eco activity once normalcy is restored
• The $90 trillion question is how to get people back to work
• S.Africa's auto industry could cut up to 10% of workforce due to lockdown
• MSMEs will need major boost
• TN police paints vehicles violating lockdown
• Commerce dept pitches for limited restarting of manufacturing
• Automakers push to reopen plants with testing and lots of masks
Passenger Vehicle
• PSA seeks to shift Fiat Chrysler merger into high gear
• Nissan seeks $4.6 bln credit line after coronavirus hit: Sources
• 90% of car purchases in India are digitally driven
• Skoda CEO confident lockdown will be beneficial, says every crisis presents an opportunity
• Tesla's China sales hit record high in March: Industry association
• Volkswagen furloughs 1,500 workers at Tennessee auto plant starting April 11
• Hyundai's Czech plant set to restart after coronavirus halt
• Toyota extends North American plant shutdown; will stop paying 5,000 temporary workers
• JLR starts delivering 3D printed visors, deploys 312 vehicles globally for health workers
• Daimler to restart German factories from April 20
Commercial Vehicle
• Truckers seek govt intervention to help stranded drivers, for safety of goods
Two Wheelers
• Hero MotoCorp launches design challenge
Auto Components
• May is crunch time for U.S. auto suppliers amid coronavirus shutdown
• Global motorcycle shock absorber market to grow at 2.39% to $4,433 million by 2025
• Continental produces medical hoses for healthcare sector in Italy
• Steel ministry seeks help over disruption caused by COVID-19
Tyres
• Apollo Tyres raises Rs 500 crore through private placement of NCDs
• Rubber slumps on weak demand, stock pile-up
Auto Finance
• UK watchdog to add car finance to pandemic loan relief measures
Oil & Lubes
• India's fuel consumption falls 18% as coronavirus eviscerates energy demand
• Oil demand slumps 70% in India as third-biggest buyer shuts down
• Saudi, Russia move closer to record oil cut deal
• Oil refiners may have to shut a few units
 
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