Morning Daily - 2020-04-22

ETAuto Newsletter | Wednesday, April 22, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• COVID-19 to change fate of Indian car market
• Indias electric story to continue, to be dominated by light mobility post Covid-19
• A eulogy for a rider!
• ETAuto Virtual Roundtable: Impact of COVID-19 on EV Business
Top Stories
• Select auto, tractor companies start manufacturing units with cautious optimism
• Why will India remain largely unaffected by the unreal oil price fall?
• Availability of components critical to restart manufacturing operations, say automakers in India
• Daimler partners with Volvo for $1.3 billion Hydrogen fuel-cell JV
• Coronavirus impact: Red carpet for firms looking to ditch China
• Severe supply shortages may hit India as truck drivers flee. It can be a long-term problem. ET Prime
• Battery manufacturer Amara Raja resumes operations partially HT MINT
• Low crude price, covid-19 may delay RIL-Aramco deal null HT MINT
• India misses a trick due to lack of oil storage capacity HT MINT
• Big drop in crude future wont mean you will pay less for fuel HT MINT
• Auto stocks fall as recovery from the covid-19 crisis likely to be prolonged Livemint
• Covid-19 lockdown makes matters worse for Kolhapur foundries @businessline
• GM ending car-sharing service Maven Detroit News
• No Takers: Hyundai Cars Sit in U.S. Ports as Virus Keeps Buyers Away Nytimes.com
• Exclusive: Nissan sees sales stalling at 5m vehicles for 3 years Nikkei Asian Review
• China's self-driving taxis hit the gas on commercial aspirations Nikkei Asian Review
• Japan automakers pump brakes on expansion worldwide Nikkei Asian Review
• 3 Actions That Will Make You A Valuable Employee Forbes
Industry
• Oil slide stokes recession fears, Sensex falls over 1,000 pts, financials worst-hit
• Banks readying debt recast for Covid-hit companies
• United Auto Workers union endorses Biden for president
• Daimler India ties up with HPCL to serve stranded drivers
• Industry alarmed by MHA directives, action against management if workers test positive for Covid-19
• Demand creation major challenge in corona times, says auto body
• RBI may cut interest rates by 75 bps by March 2021: Fitch Solutions
• Rupee settles 30 paise lower at 76.83 against US dollar
• Procurement of rabi harvest may get disturbed, warns AIMTC if NHAI doesn't waive toll during lockdown
• Stress on industry due to Covid-19 to extend beyond Q1 of FY21, more firms willing to retain manpower: ASSOCHAM Survey
• RBI 3-month EMI moratorium could provide Rs 2.1 lakh crore liquidity to companies
• Adverse business impact of COVID-19 may drive companies to consider 'workforce optimisation': Survey
• Uncertain if any business will be back to normal by Q2 of this fiscal: Harsh Pati Singhania
• Facing flak from Centre, Kerala to rollback some lockdown relaxations
• Government fast tracks plan to provide social security for gig workers
Passenger Vehicle
• Nissan to close global HQ, other Japan sites through May 10 due to virus
• Peugeot maker PSA says demand to fall sharply, keeps margin goal
• View: Car industry's growth engine is running on fumes
• Volkswagen in Brazil to keep factories closed through April
• Coronavirus fight: Kia Motors India announces support package for dealers
• MG Motor India appoints Udit Malhotra as head of marketing
• Ford recalls select 2020 Expedition vehicles over faulty seat belt sensor
Commercial Vehicle
• Chinese EV maker BYD profit down 42% in 2019, under pressure from subsidy cut
• IHS slashes 2020 global light vehicle sales outlook on coronavirus hit
• Transporters demand reduction in fuel prices
• DICV extends warranty, service period by two months
• Lockdown: Transport ministry website to show all-India list of dhabas and truck repair shops
• Tata Motors extends warranty for commercial vehicles globally
Two Wheelers
• Honda, Bajaj expect dip in sales, but keen to start operations
• Triumph Motorcycles extends warranty period till June 30
Aftermarket
• Nissan announces support package for dealers and customers
Auto Components
• EU reviewing steel imports in view of possible glut
• Copper prices drop as Glencore plans to reopen Zambian mine operations
• Albemarle names J. Kent Masters as CEO
• ZF delivers 20 millionth caliper from Zhangjiagang braking plant
• Copper smelting slips in March on virus shutdowns
• Nippon Steel to idle 3rd blast furnace to offset demand hit from virus
Oil & Lubes
• Hunt for any storage space turns urgent as oil glut grows
• No big profits, but oil companies making record margins
• Centre gives nod to convert surplus rice stocks into ethanol
• What led crude oil prices fall below $0 a barrel
• Oil PSUs plan to restart projects worth Rs 43,000 crore
 
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