Morning Daily - 2020-04-27

ETAuto Newsletter | Monday, April 27, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• ETAuto Exclusive: Covid-19 will create huge manufacturing opportunities for India, says Pankaj Munjal, Hero Cycles
• Industry Experts show the Way Forward for Indian Auto Dealers
• ETAuto Live panel discussion: Way forward for dealers in COVID-19 crisis
Top Stories
• Auto companies head for zero sales in April, a first for industry
• Coronavirus lockdown: Auto industry restart hinges on suppliers struggling to survive
• Longer lockdown to hurt auto component clusters in NCR, Pune: Crisil
• Aramane Giridhar appointed as Secretary, Ministry of Road Transport and Highways
• ETAuto Editor's Dialogue: With Hans Greimel, Asia Editor, Automotive News and Nabeel A Khan, Editor, ETAuto.com
• Automation key to post-pandemic production
• COVID-19: Transporters seek govt intervention for relief amid lockdown
• HMSI, Yamaha calibrating operating processes to re-start production after lockdown ends
• Govt mulls GST relief package to soothe Covid pain
• NTPC launches Hydrogen Fuel bus and car project for Leh and New Delhi
• IRDAI panel moots linking 3rd party insurance to number of vehicles covered
• Severe supply shortages may hit India as truck drivers flee. It can be a long-term problem. ET Prime
• Lockdown in Mumbai and Pune may extend till June 2020
• Salary & loan EMI payments are key concerns for MSMEs & self-employed: AIMO survey HBL
• Localization in supply chains could benefit us: Tata Steel CEO & MD HT MINT
• Toyota Expects Huge Sales From New SUV Compact Yaris Cross Forbes
• Infotainment Systems In Cars Portend Safety, Privacy, And Competition Issues Forbes
• Germophobes shunning public transit give carmakers a bit of hope Star Tribune
• GMC offers virtual buying experience in the UAE Gulfnews.com
• 8 Tips For Hiring Remote Forbes
• MUFG Bank decided on Grab tie-up based on 'three surprises' Nikkei Asian Review
• Manufacturing startup Divergent 3D reduces staff by one-third TechCrunch
• How HR and talent organizations are collaborating to help restart the economy Forbes
Policy
• Government framing policies to attract FDI: Piyush Goyal
Industry
• India seeks IMF, WB help to deal with IIP, CPI data gaps
• Coronavirus lockdown: Most SMEs have run out of cash
• Huge provisioning at NBFCs likely for Jan-Feb bad loans
• Raw material, movement of labour biggest hurdles: CII
• After long stints, two key officers moved from PMO to Finance Ministry and MSME Ministry
• Prolonged lockdown may push millions into margins of subsistence: Former RBI Governor Subbarao
• Govt likely to announce second set of measures to help poor, MSMEs
• Gadkari to fix Rs10 lakh crore target for road building
• Movement of workers, raw material key hurdles in restart of businesses: CII survey
• India plans to fast track Chinese investments after policy change: Sources
• Monsoon 2020 critical to shield India Inc from rainy days
• Help MSMEs with transportation, raw material to bring them back on track: FICCI
• Despite risks, auto workers step up to make medical gear
• Mexico says auto factories to reopen with virus safeguards
• Covid-19 presents an opportunity to craft a new economic model, bridge rural-urban divide
• UP migrant workers may not want to return to job sites soon
• Hit by COVID-19 lockdown, Noida MSMEs seek Centre's help
• MSMEs see potential return of lockdown in the future as a major challenge: UNIDO survey
• What matters most is health of real economy, not fiscal deficit: Raghuram Rajan
Passenger Vehicle
• European carmakers restart production as coronavirus lockdowns ease
• Daimler says China business picks up again
• Coronavirus tips: 5 things in your car you definitely need to disinfect now!
• Coronavirus will change how we create cars, say top designers
• Volkswagen pushes back possible restart of operations in Mexico
• Tesla is calling some California plant workers back next week
• France readying multi-billion euro loans for Renault
Commercial Vehicle
• Anand Mahindra praises e-rickshaw driver for his social distancing innovation
• Only 20% of trucks plying on NHs, truckers complain of problems
• Democrats urge U.S. to provide at least $5 billion in loans to bus industry
Aftermarket
• Uber offers free rides worth Rs 1 crore to Maharashtra for transporting frontline healthcare workers
• Ola partners Delhi government to offer free emergency mobility to citizens
Auto Components
• Tata Steel plans to raise Rs 5,000 crore via NCDs
Tyres
• MRF earmarks Rs 25 crore for COVID-19 relief measures
Auto Technology
• Uber develops AI; enables driverless cars to accurately predict other vehicles motion
• Zoom backlash widens with Daimler, Ericsson and NXP curbs
Oil & Lubes
• Oil price falls as crude in U.S. storage nears all-time high
• Global oil supply to fall 6% by 2030 due to delayed projects
 
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