Morning Daily - 2020-04-29

ETAuto Newsletter | Wednesday, April 29, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• ETAuto Exclusive: Hero MotorCorp announces another support package for dealers
• Pankaj Dubey quits Polaris India as MD
• ETAuto Editor's Dialogue with Hans Greimel
• Opinion: Emissions post lockdown
Top Stories
• Hyundai, Maruti to resume production in May HT MINT
• Coronavirus impact: Locked-out Indian auto industry risk losing billions in exports
• Tata Motors plans to raise Rs 1,000 crore via NCD
• Covid lockdown: Auto companies take corporate bond route to raise funds
• TVS to raise Rs 500 cr through NCDs
• Debate on auto sales data presentation
• Coronavirus puts 50% of passenger vehicle sales at risk: CRISIL
• Varroc Engineering resumes production at its three plants
• Indian auto is slowly going digital. The dead weight of old business models will be left behind. ET Prime
• Corona relief loans: Asian Development Bank offers $1.5 billion financing to India
• Subros to partially resume operations of its two plants
• Continental delivers better than expected Q1 growth; suspends guidance for 2020
• Covid-19 pandemic puts further pressure on India Incs credit quality: ICRA HBL
• Delhi HC passes interim order of no coercive action against Eastman Auto & Power Livemint
• Ford's Lincoln And Rivian Cancel Electric SUV Plans, Citing COVID-19 Impact Forbes
• Ford postpones autonomous vehicle service until 2022 TechCrunch
• Tesla Reports Earnings After Shutting Factories In China, California Forbes
• McLaren's $1 Million Senna Supercar Recalled Over Fire Risk BloombergQuint
• California scales up 1st-in-US electric truck sale proposal Washington Post
• Mitsubishi Motors seeks $2.8bn in loans Nikkei Asian Review
• Nissan falls hard in Japan Inc.'s earnings nosedive Nikkei Asian Review
• This Pandemic Has Exposed The Missing Piece In Employee Engagement Forbes
• The 5 Stages Of EV Denial & Why Tesla Stays Ahead CleanTechnica
Industry
• Covid crisis: US goods trade deficit rises as auto exports tumble
• Masks not enough to shield auto workers from coronavirus, health advisers to UAW
• Moody's slashes India growth forecast to 0.2% for 2020
• Nitin Gadkari asks states to release land acquisition dues worth Rs 25,000 crore
• GM CEO Barra's pay dipped to $21.6 mln in 2019
• US auto factories likely to stay closed another 2 weeks
• Facilitate inter-state movement of vehicles with essential goods: Nitin Gadkari to states
• Rupee slips 15 paise to 76.40 against US dollar in early trade
• Maharashtra lockdown: Government permits over 20,000 industries to open
• Nifty, Sensex higher as gains in financials limit energy losses
Passenger Vehicle
• Toyota-Maruti JV second byproduct to be named Urban Cruiser
• March global sales slump spells trouble ahead for Japan's carmakers
• Tesla's Elon Musk nears $750 million options payday ahead of results
• MBRDI to provide up to 25,000 PCR testing kits to NIMHANS
• Fiat Chrysler resumes van production in Atessa, some other Italian operations
• Ford investors keen for details on when automaker will restart U.S. operations
• Nissan plans to slash May car output in Japan by 78% vs last year
• Tesla drops plan to recall some workers to California plant this week
Commercial Vehicle
• Unload cargo at no man's land to bypass quarantine norms, Bengal govt proposes to exporters
• DICV marks one lakh sales of BharatBenz range trucks
• Covid crisis: Piaggio Vehicles extends free service, warranty period by 2 months
• Karnataka government plans bus services for workers in industries
• Bengal bus operators seek financial help from Nitin Gadkari
Two Wheelers
• Harley-Davidson cuts dividend, halts buybacks to preserve cash
• Okinawa hikes dealer margins to 11% per unit sale
Aftermarket
• As trucks roll, repair shops open up
Auto Components
• Covid-19 impact: Tata Steels struggling UK, Europe units may not get parents support
• Crude steel output in March slumps to 7.38 MT due to COVID-19
• SK Innovation to start construction of second EV battery plant in US
• Copper falls after ICBC suspends some products to new investment
• China's Tianqi Lithium doubles annual loss guidance on bigger SQM impairment
Auto Technology
• Blockchain technology can tackle supply chain failures exposed by COVID-19, boost economic recovery: WEF
Oil & Lubes
• Oil prices tumble as world's storage tanks fill up amid demand shock
• Nagaland levies COVID-19 cess of Rs 5 per litre for diesel and Rs 6 for petrol and motor spirit The Economic Times
• 'No mask, no fuel' rule implemented in Arunchal capital
 
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