Morning Daily - 2020-04-13

ETAuto Newsletter | Monday, April 13, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• ETAuto Originals: Whose BS-IV stock is it anyway
• ETAuto Originals: Connected tech becomes hotbed for patent wars in automotive industry
• Opinion: The bumpy ride ahead for commercial vehicles and transportation
• Hi-Tech Gears promoters renounce Q1 salary of FY21 in view of COVID-19
Top Stories
• Automobile dealers seek immediate financial support from OEMs, govt to stay afloat
• Lockdown set to be extended till April 30 with relaxation for small industry, farmers
• CII suggests calibrated reopening of sectors based on red, amber and green zones
• Carmakers likely to defer launches, realign strategy
• Govt mulls resuming manufacturing in industrial townships
• Coronavirus lockdown: Banks stare at defaults as cabbies go home
• Bright spot in the sky: Amid turbulence, cargo checks in as the new passenger for grounded airlines ET Prime
• World Bank forecasts worst economic slump in South Asia in 40 years
• Restarting factories could be a train wreck Automotive News
• Chinese automakers move into Myanmar to battle Japanese rivals Nikkei Asian Review
• Electric Cars Fight Off Coronavirus Attack In Europe As Regular Auto Sales Tank Forbes
• How the pandemic wiped out oil demand around the world
• MSME sector will tide over coronavirus crisis: Gadkari HBL
• While the world spends on coronavirus bailouts, China holds back
• Global automotive aftermarket to grow by 3.3% to $114.1 billion by 2025
• Israeli startup uses auto technology to fight COVID-19 Automotive News
• New Fed loans offer additional liquidity to auto dealers Automotive News
• 6 Steps To Successfully Recover After A Layoff Forbes
• Seize The Day: 20 Expert Tips For Managing During The Pandemic Forbes
Policy
• Petrol pumps not to provide fuel to those not wearing masks in Odisha
Industry
• Indonesia orders coronavirus transport curbs as death toll rises
• Road construction resumes in Bihar, MP, Maharashtra, Gujarat
• More than 4/5th of NBFCs sufficiently liquid: Regulator
• Coronavirus crisis: 2.47 lakh Chinese firms go bankrupt in Jan-Feb
• V-shaped or U-shaped? Some economists upbeat on virus recovery
• View: COVID-19 crisis presents a 100-year chance to shake up debt and taxes
• Coronavirus impact: Transporters seek industry bodys support to address manpower woes
• Auto companies face delayed launches, labour shortage, productivity losses: NRI Consulting
• Coronavirus impact: FPIs pull out Rs 9,103 crore in April so far
• What India can learn from the first phase as it stares at an extended lockdown
• Allow manufacturers to resume operation in areas not classified as COVID hotspot: MSME mininstry
• View: Coronavirus could be India's black swan event
• Plea in SC challenging RBI circular on 3-month moratorium on loan repayment
• Finance Minister writes to RBI on relief measures
• Bank credit growth slumps to 5-decade low of 6.14% in FY20
• Divide on NBFCs, as sector stares at a breakdown
• Covid-19: Lockdown in India likely to extend till April 30
• Fewer shifts, green zones: India Inc readies plans for life after lockdown
• China factory gate deflation deepens as coronavirus paralyses global economy
Passenger Vehicle
• Last Porsche 911 of a generation to be sold for coronavirus relief
• Ssangyong approves $33 million special fund usage from M&M
• Electric cars produce less CO2 than petrol vehicles, study confirms
• Tesla prices longer-range Model 3 to attract more China buyers
• German auto lobby calls on Merkel to allow car sales to resume
• Spains car industry risks isolation in post-virus reshuffle
• Opinion: China's car stimulus will only create new problems
Commercial Vehicle
• Transport ministry seeks details of stranded trucks from transporters organisations
• KSRTC rolls out 'Sarige Sanjeevini' to sanitise essential service staff
• Covid-19 lockdown: Food trucks start feeding big rig drivers at interstate rest stops in US
• Coronavirus lockdown: Auto drivers to get Rs 5,000 relief from Monday
• Haryana to turn buses into mobile clinics
• Pay dues for buses requisitioned for 2019 general election: Bus owners association
Aftermarket
• Coronavirus lockdown: Meru to provide cab services to bank employees
• COVID-19: Uber to provide Rs 25 crore grant to driver partners in India
Auto Components
• Chile's Codelco copper miner says it may have to slow investment plan
• China approves import quotas for another 222,020 ton of copper scrap
• Coronavirus impact: World Steel Association defers publication of Short Range Outlook
Auto Technology
• Siemens CEO rules out job cuts from coronavirus impact
Oil & Lubes
• Saudi Aramco likely to release May prices on Monday
• Russia expects oil production cuts of 5 million bpd on top of OPEC+
• Indian Oil steps up initiatives to augment LPG supply
 
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