Morning Daily - 2020-04-21

ETAuto Newsletter | Tuesday, April 21, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Despite slowdown in FY20 EV industry posts 20% growth in domestic sales
• BMW India CEO Rudratej Singh passes away due to cardiac arrest
• ETAutoTV: ETAutolouge - China, India & COVID-19 Crisis
• Tata Motors Group sales decline 35% in Q4 FY20
• Oil prices bounce back, after ending negative for the first time in history
• Opinion: 5 lessons from healthcare, for automotive industry
• Ssangyong signs wage deal with its union, annual wage increase put off
• Mingy airlines, ailing agents, and irate passengers: the future of INR6,000 crore stuck in refunds ET Prime
• Self-drive vehicle rental companies spot a fast lane to riches
• China auto companies speed in despite local wariness
• Jan-March luxury car sales fall 35%; respite unlikely soon
• Global auto output could fall by nearly 20 million in 2020
• Auto components industry in preparatory mode to resume operations: ACMA
• Carraro gears up to restart operations at Pune plant HBL
• Experts give thumbs up to TVS Motors Norton deal HBL
• Coimbatore industry associations take stock of issues confronting MSMEs HBL
• Govt support to help maintain momentum in agri operations: Mallika Srinivasan HBL
• Logistics pain stands in the way of plan to restart Indias factories HT MINT
• Refrain at Manesar's auto hub: Partial opening makes no sense The Indian Express
• Covid-19 lockdown: Labour, stockpile make carmakers delay production Business-standard.com
• Mahindra & Mahindra tractor-led portfolio to cushion revenue fall Business-standard.com
• From vehicles to ventilators: Ford, GM gear up to manufacture medical equipment to combat COVID-19 Tsln.com
• Electric Car Sales In Europe Might Suffer Virus Damage After All Forbes
• GM, Ford Credit Arms May Lose Billions on Car-Price Plunge Bloomberg.com
• Reopening plants will require safety and strategy Automotive News
• How Coronavirus Stopped Us Worshipping The Office, And Made Us Miss It Too Forbes
Industry
• NBFCs bonds rally 11-36% offshore, what triggered the rally?
• Tatas gun for $1-b revolver lines to fund European operations
• Coronavirus lockdown: India Inc's baby steps on long road to normalcy
• Chinese Central Bank checks on India's FDI norm change
• UAW, Detroit automakers in talks over safety rules to reopen US plants
• Brexit talks resume under coronavirus cloud
• India foreign investment rules aimed at China to include Hong Kong
• View: Why govt's recent FDI move may not bode well for the Indian economy
• Compensate us for lockdown period, highway concessionaires to NHAI
• Safety onus entirely on motorists, no rules to curb jaywalking in Mumbai
• Rupee settles 14 paise lower at 76.53 against US dollar
• Stock market: Indices give up early gains
• Toll collection resumes on National Highways
• Coronavirus takes toll on global M&A as $1 bn deals disappear
• FDI Policy: DPIIT open to further clarification
• Government to chart plan for higher investments
Passenger Vehicle
• China moves to buyout Swedish iconic brands like Volvo in COVID times
• Back in the USSR: Russian car sales seen halving in 2020 due to coronavirus
• Tata Motors' JLR extends COVID-19 production pause in UK
• Dieselgate: Volkswagen agrees 620 mn euros payout to German victims
• Maruti Suzuki announces several measures to support coronavirus fight in Haryana
• Aston Martin boss says focus on SUV launch, restarting factories
• Hyundai donates Rs 7 Crore to PM CARES Fund
Commercial Vehicle
• Rs 5,000 transferred into 23,000 auto drivers' bank accounts during lockdown: Delhi Transport Minister
• To help drivers, road ministry launches dashboard with list of dhabas and truck repair shops
• AIMTC issues advisory to truck drivers as lockdown is lifted partially
• Covid-19 lockdown: Truckers may raise freight charge by 10%
Two Wheelers
• Bajaj Auto's Rudrapur plant gets permission to resume operations
Aftermarket
• Uber says Levandowski is on his own for $180 million to Google
Auto Components
• Car parts maker Faurecia expects full China output in May as sales slide
• Nalco surged 6% after getting mining lease in Odisha
• Shanghai nickel jumps over 4% as Vale cuts output forecast
• Zambian official says Glencore reverses plan to shutter copper mines
• Consultant BCG apprises steel ministry of challenges facing sector post lockdown
Tyres
• Bridgestone to suspend 11 Japanese plants during late April-early May
Oil & Lubes
• Oil price plunges to 22-year low on concerns over storage, weakening economies
• Mumbai: No mask, no fuel, warn petrol pump dealers
 
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