Morning Daily - 2020-04-25

ETAuto Newsletter | Saturday, April 25, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• Auto MSMEs battle to breathe amid lengthy lockdown
• Indian auto industry to get back to normal by June 2021: Vikram Kirloskar
• ETAutoCast: COVID-19 - Fate of freight transporters & logistics sector
• ETAuto Townhall with Vikram Kirloskar
Top Stories
• New normal at auto plants: Maximum productivity adhering to health and safety protocol
• Mahindra & Mahindra issues NCDs worth Rs 1,000 crore second time this week
• Ashok Leyland acquires 3.36% share in subsidiary Hinduja Leyland Finance
• No job loss or pay cuts: 3 auto companies assure staff
• HMSI predicts high double-digit de-growth of two-wheeler industry in FY21
• Bajaj Auto's Aurangabad plant restarts operations
• Severe supply shortages may hit India as truck drivers flee. It can be a long-term problem. ET Prime
• Over 10k private buses not willing to ply in Kerala post-lockdown
• Fitch further slashes India growth forecast to below 1% this year
• Schwing Stetter India provides support to migrant workers amidst Covid-19 lockdown HBL
• 328 firms have applied for a loan moratorium Livemint
• Tesla escalates battle over alleged theft of robocar secrets Bloomberg.com
• Work from home: Biz leaders feel employees have productivity at 65%, says report Livemint
• Post lockdown: Big units get ready, MSMEs see roadblocks to restart @businessline
• Natural rubber sector seeks govt support to stay afloat @businessline
• Japan's Mitsubishi Motors predicts losses over pandemic Washington Post
• Tesla's Distinctions In Technology - "Simple In One Arena, Profound In Another" CleanTechnica
• Auto industry restart hinges on suppliers struggling to survive BNN
• Boards Must Help Shape Workforce Culture & Safety As The Economy Re-Opens Forbes
• Is Used Car Market Headed for Bloodbath Amid Coronavirus Woes?
Policy
• No default rating for NBFCs due to Covid-related payment delays: SEBI
Industry
• Rs 1 lakh crore fund in works to repay pending dues to MSMEs: Nitin Gadkari
• India's forex reserves surge $3.09 billion to $479.57 billion
• CARE Ratings expects GDP growth at 1.1 pc in current financial year
• No clause in rules to arrest CEOs: Centre to states
• Rupee slips 40 paise to settle at 76.46 against US dollar
• A longer lockdown may create problems for exporters: FIEO
• Cheaper oil, foreign flows a tailwind for Indian rupee
• Industries cannot be forced to pay wages during lockdown: Chief of parliamentary panel on labour
• CII pegs India's GDP growth between -0.9% & 1.5%
• RBI special operation leaves traders wary, but bonds rally
Passenger Vehicle
• China promises subsidies to boost falling electric car sales
• GM's mask operation: a glimpse into the factory of the coronavirus era
• FCA to resume preparatory operations at Melfi plant in Italy from Monday
• Volkswagen restarts production in Germany after COVID-19 shutdown
• GM ignition switch settlement with vehicle owners wins U.S. court approval
• Mitsubishi Motors expects $240 million in yearly losses
• Great Wall swings to Q1 net loss due to virus after 13.6% profit drop in 2019
• COVID-19 fight: Hyundai Motor India extends support to state governments worth Rs 9 cr
• Despite risks, auto workers step up to make medical gear
• Tesla gets board street cred it sorely needs
Commercial Vehicle
• Loaded trucks await porters who struggle in getting permits
• Truckers: Ease movement else we'll stop operations
Aftermarket
• AutoNation returning $77 mln in U.S. payroll assistance coronavirus relief loans
• Toyota Kirloskar Motor issues operations guideline for dealer partners
• Ola, Uber drivers say no help received yet
Auto Components
• Italy companies at risk if supply chain does not restart next week: Brembo exec
• China March aluminium imports hit more than 6-year high
• Chiles lithium miner SQM warns plans could change as coronavirus hits demand
• MMG sees copper output sink 20% in Q1, confirms Peru force majeure
• China steel futures fall as rising output outweighs destocking pace
• ArcelorMittal Nippon Steel reports record output of 7.23 mt in FY20
• Tornado-damaged BorgWarner plant may not disrupt auto production
Auto Technology
• Sweden's Veoneer to exit brake control business
Auto Finance
• Britain confirms 3-month freeze on auto finance repayments in pandemic
Oil & Lubes
• Oil lenders on slippery slope
• Oil prices rise more than $1 after week of turmoil amid viral outbreak
 
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