Morning Daily - 2020-05-04

ETAuto Newsletter | Monday, May 4, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• ETAuto Exclusive: Will Maruti Suzuki, Hyundai be biggest beneficiaries in post-Covid era?
• Brace up for car repairs and service post-lockdown
Top Stories
• Auto dealers not in sync with OEMs on digital dealerships
• Tata Motors, Ashok Leyland pitch for incentive-based scrappage policy to revive CV segment
• Bajaj Auto reverses decision to cut wages, all employees to be paid in full
• Lumax Auto appoints Vikas Marwah as CEO
• Auto industry may cut R&D spending, exit unprofitable segments due to coronavirus: Deloitte
• As govt eases coronavirus lockdown conditions, factories to make muted start on subdued demand
• Automakers are preparing a lockdown exit plan. Three hurdles they need to factor in. ET Prime
• Supreme Court says car mattings are not vehicle accessories
• Rico Auto senior executives take 100% pay cut for 3 months
• 40-day lockdown to inflict $320bn loss on Indian economy: Report
• Hyundai to reopen its factory in Tamil Nadu from Wednesday HT MINT
• Rocky road ahead for auto exporters as demand woes may delay recovery Business-standard.com
• Maharashtra: Auto drivers urge manufacturing firms for bailout The Indian Express
• Asia's Factories Plunge to Record Lows as Global Lockdowns Hurt BloombergQuint
• 2000 Nissan, Infiniti Vehicles Floated for a Week Off Los Angeles Coast Car and Driver
• Auto Sales Crashed In April But There Are Reasons For Optimism, Experts Say Forbes
• Creating The Future Of Work: 10 Leadership Strategies For The Greatest Impact Forbes
• Oceans May Be Best Place To Get EV Battery Metals CleanTechnica
Monthly Sales Report Card
• TVS Motor Company exports 8,134 two-wheelers in April 2020
• HMSI exports 2,630 two-wheelers in April 2020
Industry
• NBFCs eligible for moratorium, but banks can use discretion, says RBI
• Infra spending, MSME package on the cards: Nitin Gadkari
• Economists, analysts project bleak picture as India extends lockdown
• Essential tips to keep electric vehicles safe during lockdown
• FPIs remain in selloff mode, pull out Rs 15,403 crore in April
• Commerce Ministry working to identify key sectors for making India a manufacturing hub
• Business activities significantly hit; recovery may take over a year: Survey
• Gadkari calls upon industry to upgrade, widen import sources to attract investment
• PM holds meetings to firm up second stimulus for reviving lockdown-hit economy
• Fearing shortage of drivers transporters demand relief package including support to drivers
• RBI Governor meets MD of banks; reviews implementation of various measures
• Another round of lockdown will be devastating, says Raghuram Rajan
• Covid lockdown: All 11 districts of Delhi to remain in red zone till May 17
• Industry demands Rs 6 lakh cr stimulus package to mitigate impact of lockdown
• India set to cap stimulus package at $60 bn to protect credit rating: Sources
• Covid-19: Revival of economy through tax measures
Passenger Vehicle
• Project India 2.0 unaffected by Covid-19: Volkswagen
• Karma Automotive showcases E-Flex van platform
• Tesla to extend furlough for some employees by another week
• Maruti Suzuki car seat manufacturing JV hands over 5 lakh face masks to Guj govt
• French car market plummets 88.8 % in April
• JLR chief executive Ralf Speth elected Fellow of Royal Society
• SUVs get parked in the sea, revealing scope of US auto market glut
• Fiat Chrysler Automobiles India launches online retailing for Jeep
• Volkswagen emphasising on industrial cloud for more efficient operations
Commercial Vehicle
• With pvt sector resuming ops on Monday, commuters worry about space on buses
• Restarting idle buses will be troublesome, may trigger pollution
• Volkswagen trucks boss sees autonomous investments under pressure
Aftermarket
• Rapido turns to hyperlocal delivery now
• MHA control room to be used for resolving complaints of drivers, transporters on passage of cargo
• Mahindra Logistics to raise up to Rs 250 cr
• Online car sales may gain traction post COVID-19, auto retail needs to become virtual: EY
• Goyal asks captains of logistics industry to transform freight operations
• AIAWA seeks permission to open automobile workshops in orange and green zones
Auto Components
• US Steel expects to lay off 2,700 as virus reduces demand
• Tata Steel says edging towards carbon neutral goal in UK
• SAIL emerges as largest miner for steel making inputs in FY20
Oil & Lubes
• Get ready for hefty cut in fuel prices as lockdown curbs ease gradually
 
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