Morning Daily - 2020-04-18

ETAuto Newsletter | Saturday, April 18, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Post COVID-19: Will electric vehicles have to wait in India?
• Tractor industry enters negative territory first time in 3 years
• TVS Motor acquires UK-based Norton Motorcycles
• Maruti Suzuki output to start based on access to supply of parts
• Mahindra & Mahindra to raise Rs 1,000 crore through NCD
• ICRA maintains negative near-term outlook on passenger vehicle sector
• Apollo Tyres to raise Rs 1,000 cr via NCDs
• Asset-light with high margins: what makes TCI Express one of the most profitable logistics players ET Prime
• RBI cuts reverse repo rate by 25 bps to 3.75%
• Car pooling may take a back seat post virus attack
• Coronavirus: Petrol, diesel sales slump 60%, LPG up 21% in April 1-15
• Govt decision on redefining SMEs soon: Gadkari HBL
• MSMEs ask for bigger support package HBL
• Pandemic could be a blessing in disguise for Indian industry: Pankaj Munjal Livemint
• Feds recommend auto sales be listed as an essential service Detroit News
• India Inc comforted by RBI measures to infuse liquidity Livemint
• Mercedes aims to reopen Alabama SUV plant before the end of April Alabama NewsCenter
• No auto bailout without air, worker and climate protections TheHill
• College Graduates Are Less Likely To Become Unemployed Due To The Coronavirus Forbes
• Why You Shouldn't Pay Attention To The Unemployment Rate Forbes
Industry
• MSMEs fear takeover by Chinese companies, seek halt to automatic FDI
• Coronavirus in Chennai: Hyundai, Daimler India step up CSR initiatives
• Centre pushes for ramping up economic activity after April 20
• Talks held on separate Coronavirus budget
• NHAI to resume toll collection on national highways from April 20
• RBI signals rate cuts as it boosts liquidity
• S&P revises outlook for Shriram Transport Finance, four other NBFCs to negative
• Indian Banks Association may approve 90-day moratorium for all NBFCs
• Ashok Leyland seeks govt support for MSMEs post lockdown to kickstart economy
• Availability of labour to be major challenge for partial resumption of economic activity: SIAM
• Allow work on DME after April 20: NHAI
• Indian shares pare gains, investors assess RBI interest-rate cut
• SIAM urges government for temporarily GST cut by 10% to boost demand
• Rupee rises 45 paise to 76.42 against US dollar post RBI presser
• China's economy shrinks for first time in three decades
• Liquidity boost: Government considers GST refunds to large firms
• Coronavirus impact: Making projections set to get a lot difficult for market analysts
• Indias current account may turn surplus in FY21: SBI
• Banks to ask RBI for softer NPA norms, Govt cover for SME loans
• RBI launches latest round of quarterly survey on manufacturing sector
• China tries to revive economy but consumer engine sputters
Passenger Vehicle
• Damage from twister threatens to disrupt Ford supply line
• Volkswagen China boss sees sales in China on recovery course
• Ford warns of $2 billion quarterly loss as coronavirus outbreak hammers sales
• Volvo Cars to restart production in Sweden next week
• European new car sales plunge by 51.8% in March due to coronavirus: ACEA
• Nissan to make face shields for health care workers in Japan
Commercial Vehicle
• Piaggio Vehicles provides safety gears, infra support to govt hospital in Pune
Two Wheelers
• Wary of public transport, coronavirus-hit Americans turn to bikes
• Strongly support RBI measures: Venu Srinivasan
• Yamaha postpones full-year financial results for FY2020 due to COVID-19
Aftermarket
• Toyota-backed Pony.ai to offer autonomous delivery service in California
Auto Components
• Nippon Steel weighs halting 3rd furnace amid virus crisis
• Tianqi Lithium says weighing asset sales, strategic investors to slice debt
• Freudenberg India sales up 5.7% in 2019
• Portugal's car parts makers resume production as coronavirus spread slows
• Shanghai copper stocks hit near 2-month low as Chinese demand picks up
• China's March daily aluminium output slips as low prices force smelter cuts
• Coronavirus crisis: China March crude steel output slips 1.7% as demand slumps
Auto Finance
• Britain offers freeze on auto finance repayments in pandemic
Oil & Lubes
• Crude oil price worsens on Covid-19 concerns, poor Chinese ecodata
• Coronavirus spurs new clash between Big Oil and Big Corn over US biofuels
• Goa: VAT on petrol up, to cost over Rs 2 more per litre
• China crude oil runs hit 15-month low as virus cripples demand
 
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