Morning Daily - 2020-05-02

ETAuto Newsletter | Saturday, May 2, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• ETAuto Exclusive: Varroc CEO quits; third senior level exit in two years
• ETAutoCast: Navigating through COVID-19: What should be auto CXOs short & long term actions
Top Stories
• HMSI announces changes in executive team
• April 2020 a month to forget, looking forward to resuming business: FADA
• Lockdown extended till May 17; Auto Inc appeals to be essential service
• Polaris India appoints Lalit Sharma as Country Manager
• EV companies tweak product strategy, defer capex to meet post-Covid scenario
• Digital vehicle sales, subscription models to take off post Covid-19
• Possible to start economic activity in red zones by taking strict measures: Nitin Gadkari
• Automakers are preparing a lockdown exit plan. Three hurdles they need to factor in. ET Prime
• Covid lockdown: Petrol demand declines 61%, diesel down 57% in April
• Working closely with dealers to re-stimulate demand: Toyota
• Automotive tyre firms upbeat about demand for replacements
• Bumpy Ride Ahead For Auto: Expect A Double-digit Drop In FY21 Sales; Maruti, Eicher Better Placed Forbes India
• MSME forums suggest a win-win deal on wages HBL
• Mobility platform Bounce deploys 1000 two-wheelers to help Railway Staff amid lockdown HBL
• Lamborghini set to resume services; announces new car launch on May 7 HBL
• Uber, Ola can operate in certain districts with a single passenger: MHA HT MINT
• Car matting not qualify as parts and accessories of vehicles, says Supreme Court @businessline
• Industrial units in Mumbai-Pune belt may not restart fully on May 3 @businessline
• Truckers blast horns near White House to protest low rates during pandemic Washington Post
• Carmakers Dodge Disaster With Biggest-Ever Share of 0% Loans BloombergQuint
• Cars Stuck at Sea Shows Weight of U.S. Auto Industry Glut GCaptain
• Positives Among Dreadful April Auto Sales Forbes.com
• 8 Steps To Take If You Lose Your Job Because Of Coronavirus Forbes.com
• Pitching Through The Pandemic: Top Experts Share Marketing And Communications Dos And Don'ts Forbes
• Chinese EV startup accuses Tesla of 'bullying' over IP lawsuit Nikkei Asian Review
• Otonomo raises $46 million to expand its automotive data marketplace TechCrunch
• Smart driving assistant Automatic is shutting down TechCrunch
Monthly Sales Report Card
• Maruti Suzuki records zero sales in April 2020
• MG Motor India sells zero units in April 2020
• Hyundai Motor India exports 1341 units in April 2020
• Royal Enfield sells 91 units in April 2020
• Mahindras Farm Equipment domestic sales dip 83% to 4,716 units in April 2020
Industry
• NBFCs seek refinance window from Finance Minister
• Partial easing wont mend fractured supply chains, says industry
• Government defers release of April GST collection data
• Auto Industry seeks permission to re-commence operation of entire automotive value chain
• European economy shrinks at record rate, worse to come
• Piyush Goyal calls upon Missions to promote India as investment destination
• No exit-entry from containment areas as of now: Maharashtra govt
Passenger Vehicle
• Ford Chairman's daughter joins board of directors at EV startup Rivian
• Elon Musk wipes billions off Tesla stock by controversial tweet
• General Motors not a target in UAW corruption probe: US Attorney's office
• Kia to offer 'job loss insurance' to new car buyers in Europe
• Nissan plans to restart output at UK's biggest car factory in June
• Audi India announces complimentary vehicle service for Covid-19 fighters
• Tesla cuts price for China-made Model 3 cars by 10% to qualify for subsidies
• Japan April auto sales slump to nine-year low as coronavirus saps demand
• Ford Motor steps up campaign to convince union workers to restart US output
Commercial Vehicle
• Bengal bus operators seek govt aid for workers to tide over COVID-19 crisis
• MSRTC and private buses to help move migrant labourers
• Transport department seeks Rs 1,000 crore for MSRTC
Aftermarket
• Uber must face lawsuit claiming it stifled competition, drove out rival Sidecar
Auto Components
• Auto suppliers warn Michigan on new delays in resuming production
• Weak demand, oversupply to hurt steel industry post-lockdown: Ind-Ra
• Japan's March steel output marks steepest monthly drop since 2009
Tyres
• Ceat uncertain to continue for next 12 months: Anant Goenka
Auto Finance
• Covid-19 all round impact for non-life insurers: Experts
Oil & Lubes
• India's oil imports, product exports slow down in March
• Crude oil prices slip to $26 as weak demand, supply glut weigh
• Haryana restores VAT on petrol and diesel as prices slide
 
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