Morning Daily - 2020-04-17

ETAuto Newsletter | Friday, April 17, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• ETAuto Originals: Great Wall Motors India takes off amid coronavirus blues!
• Auto companies seek temporary tax cut to spur demand
• Fitch downgrades Tata Motors to 'B' on coronavirus risks
• Motherson Sumi to raise Rs 500 crore via NCD issue
• Covid-19 lockdown woes: Auto companies wheel in wage cuts to keep motors running
• Logistics sector to lose Rs 50,000 crore due to lockdown; relief package needed: Industry body ICC
• Expect demand to pick up strongly by festive season: Royal Enfield CEO
• Asset-light with high margins: what makes TCI Express one of the most profitable logistics players ET Prime
• Post-coronavirus, India must shift EV goalposts, adopt available alternative fuels like auto LPG: Auto LPG Coalition
• Covid-19 crisis presents an opportunity for new lending players in MSME space HBL
• EV tourism start-up, BLive raises an undisclosed amount from Mumbai Angels Network HBL
• Ceat Tyres initiative helps employees maintain physical and mental well-being amid lockdown HBL
• WhistleDrive announces interest-free loans to 800+ cabbies HBL
• Gadkari asks MSMEs to consider raising money from markets HBL
• Indian auto sector: Adapting for a new post-Covid era HBL
• Automakers see production delays after lockdown ends HT MINT
• Indian industry seeks doubling of credit to restart engine Livemint
• How American companies like Google, Uber are helping India fight COVID-19 Livemint
• China's Economy Shrinks for First Time in Decades as Virus Hits Bloomberg.com
• It's a case of too little too late for Ola, Uber drivers @businessline
• Coronavirus & The Fragility Of Auto-Centric Cities CleanTechnica
• Honda to furlough thousands more workers in US amid coronavirus Nikkei Asian Review
• Hyundai restarts car plants in Russia and Czech Republic Nikkei Asian Review
• FCA's restart plans take shape Automotive News
• Privacy Concern: Are Your Car's Cameras Transmitting Data As You Drive, Without You Knowing? Forbes.com
• The Coronavirus Is Creating An Inflection Point In The Future Of Work Forbes
• How Is COVID-19 Preparing Manufacturers For A Brighter Future? Forbes
Policy
• Government extends time for renewal of third party vehicle insurance policies till May 15
Industry
• FY21 direct tax collection target up 28% at over Rs 13 lakh crore
• PM reviews lockdown hit economy; second stimulus in the works
• Companies look to hire migrant workers stuck in cities
• Covid-19 lockdown: States keen to hit the restart button on economic activities
• Labour ministry to compile data on layoffs, pay cuts
• Coronavirus lockdown: Slowly, India inc begins to fire up its engines
• View: Will RBI special window help NBFCs? Not really!
• IMF needs to maintain stability of global financial architecture in this difficult time: FM Nirmala Sitharaman
• Tesla, Musk must face shareholder lawsuit over going-private tweet
• Rupee plummets 43 paise to settle at all-time low of 76.87 against US dollar
• Economic growth may fall to 1.1 per cent this fiscal: SBI report
• Why India's cities may not remain the same after the virus goes away
• Tracking Indias steps to contain economic fallout of the virus
• China's 2003 auto recovery will be instructive
• Gurugram: NHAI seeks relaxation to resume work on four projects
• Niti Aayog chief Rajiv Kumar rejects zero growth forecast for India, expects strong pick up after lockdown ends
• Labour crunch likely to hit India Incs plan to reboot biz
Passenger Vehicle
• Coronavirus impact: German auto industry calls for incentives to boost green car demand
• Volkswagen ditches outlook after COVID-19 hammers first-quarter profit
• German carmakers to resume production as lockdowns ease
• BMW Group India sales decline 17% in Q1 2020
• Bentley extends UK production shutdown by three weeks over coronavirus
• Ford's Q1 China vehicle sales down 35% yoy to 88,770 units
• COVID-19 fight: Hyundai Motor India hands over Advanced Diagnostic Kits to ICMR
• MG Motor India explores cabin sterilisation technology for its cars to battle Coronavirus
• Mahindra retools its Detroit auto plant to produce face shields, other medical supplies
• Ford and Wayne State University launch mobile coronavirus testing facility in Michigan
• Toyota to cut production in Japan in May as coronavirus squeezes demand
Commercial Vehicle
• Hit hard by the virus and lack of demand, India's trucking industry now battles shortage of drivers
Auto Components
• Tata Steel planning to defer vendor payments by 45 days
• Argentina's fledgling lithium sector clipped by coronavirus
• Lockdown impact: Steel demand likely to slip by 14-17% in FY21, says Crisil
• Motherson Sumi plants in China have resumed production and are at pre-Covid-19 levels: Group Vice Chairman
• Endurance Technologies acquires Italian firm Adler
Auto Technology
• Nissan enters into license agreement with APB Corporation for low cost li-ion battery production
Oil & Lubes
• OPEC cuts oil demand view again as market faces 'historic shock'
 
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