Morning Daily - 2020-04-20

ETAuto Newsletter | Monday, April 20, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Covid-19: Entire Pune & Pimpri Chinchwad now declared a containment zone
• ETAuto Originals: Norton will fill the high-end technology deficit for TVS Motor
• Maruti Suzuki chalks out action plan to resume operations
• Coronavirus lockdown: Auto plants await state government nod
• Government amends FDI policy to curb opportunistic acquisition of Indian companies
• Global supply chain with less dependence on China to be positive outcome of COVID-19: Anand Mahindra
• Mingy airlines, ailing agents, and irate passengers: the future of INR6,000 crore stuck in refunds ET Prime
• Coronavirus: Pandemic changes course of auto sector
• Global CV production to drop 22% in 2020: IHS Markit
• Asset-light with high margins: what makes TCI Express one of the most profitable logistics players ET Prime
• Domestic auto sales may drop up to 25% this fiscal: MG Motor India
• OEMs focussing on bringing design and R&D to India: Sasken Technologies
• Global automotive V2X market to reach over $8,000 million by 2027 : Study
• Covid-19: Lockdown period not to be counted for liquidation process related tasks timelines HBL
• Bajaj Auto has lockdown holding up Rs 1,000 crore export orders Livemint
• The Big Freelance Skills Needed As Companies Rebuild After COVID 19 Forbes
• 'Charger desert' in big cities keeps electric cars from mainstream Chicagotribune.com
• FCA hurries its shift to digital retailing Automotive News
• Was Carolina tornado an industry monkey wrench? Automotive News
• Covid-19 impact: No respite from lockdown for auto firms in Maharashtra Business-standard.com
Policy
• Auto sales are added to US guidelines on essential service workers
Industry
• MSMEs stare at labour and raw material supply issues
• New rules cover foreign indirect investment as well
• TN, Karnataka defer decision on opening industry
• Transporters say not able to sustain highway toll charges
• Coronavirus spreading in Delhi, won't relax lockdown just yet: Arvind Kejriwal
• The decision to tighten FDI norms for investors from neighbouring countries timely: Experts
• NHAI turns lockdown into opportunity to redress disputes worth Rs 80,000 crore
• Stranded labourers to be allowed to move within state during lockdown with conditions
• COVID-19: China declares Wuhan low-risk area
• RBI measures for NBFCs unlikely to boost credit flow to broader economy: Moody's
• Industries in green, orange zones to be allowed to resume: Maharashtra CM
• Ventilator from old car parts? Afghan girls pursue prototype
• India toughens rules on investments from neighbours, seen aimed at China
• Change in FDI rules to save Indian companies becoming 'sitting ducks': ASSOCHAM
• Lockdown: Odisha government allows construction of road projects in rural areas
• Congo cobalt mine closures would cause economic and social crisis
• Developing countries unlock key industries to safeguard earnings and jobs
• Over 1,700 fuel stations to make food available for truck drivers & helpers
• View: Money, money everywhere but not a drop to those in need
• Demand for contract workers may increase as companies prepare to ramp up production
• Govt to extend interest subvention scheme for MSMEs: Gadkari
• Change in ownership status of GSTN to 100% govt-owned delayed
• CBIC processed over 12k refund applications worth Rs 5575 cr since March 30
• Investors get richer by Rs 2.83 lakh cr as RBI booster shot lifts stock market
Passenger Vehicle
• Passenger vehicle exports log marginal growth in 2019-20
• JLR retail sales dip 12 per cent in FY20
• Elon Musk's ventilator supplies become controversial
• Toyota Motor North America promotes Holly Walters to Chief Information Officer
• Nissan to adjust Japan production in May due to COVID-19
• Covid impact: The hottest new car models will smell of disinfectant
• Audi to gradually re-start production in Europe
• Hyundai partners with Air Liquide to produce ventilators in India
• Ford issues $8 billion debt securities after virus causes $2 billion loss
• Covid-19: Nissan India extends free service, warranty duration
Commercial Vehicle
• Truckers body seeks toll suspension on NH, claims small players will be worst hit
• DICV adopts multi-faceted approach in battle against COVID-19
• Bus operators in West Bengal seek relief amid lockdown
Aftermarket
• Ride-hailing firms like Uber are searching for lifelines
• Cab drivers face financial crisis amid lockdown, seek govt help
Auto Components
• Steel demand to shrink 7.7% this year: Indian Steel Association
• Tata Steel to raise Rs 1,025 crore through NCDs on private placement basis
Oil & Lubes
• Covid-19: Oil price drops further, US futures at lows not seen since 2001
 
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