Morning Daily - 2020-05-05

ETAuto Newsletter | Tuesday, May 5, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• ETAuto Exclusive: Lockdown blues - Forging industry might decline 50% by September
• ETAuto Opinion: What's the power of ZERO in Auto?
Top Stories
• India's factory activity slumped to record low in April: PMI
• Auto component suppliers may derail companies plan to restart output
• Hero Motocorp gears up to resume operations after 40 days of lockdown
• Electric vehicle makers see huge opportunity post Covid-19
• We are on the cusp of a new automation era, says Hyundais S.S. Kim HT MINT
• Coronavirus impact on recruitment in India: An automotive update - Audio interview
• Automakers are preparing a lockdown exit plan. Three hurdles they need to factor in. ET Prime
• Shared mobility companies take a U-turn to stay on the road
• Two-wheeler makers gear up to restart operations
• India's fuel demand shows signs of recovery, improves in April H2
• Scrap old vehicles to ensure clean air continues, says Vinod Dasari HBL
• Toyota's bonding with hybrids hits another milestone: 15 million and counting The Times of India
• How automakers have been changed by a virus Automotive News
• Continental AG Postpones Spin-Off Of Vitesco Technologies Due To Coronavirus Uncertainty Forbes
• Factories across industrial clusters take steps to restart operations HBL
• In push for auto restart timeline, Job One is to get it right the first time Detroit News
• Uber drivers and riders will be required to wear face coverings TechCrunch
• How Hyper-Light Cars Will Keep Oil Prices Low Forever Forbes.com
• The Future Of Work Post-COVID19: Why Embracing The Odyssey And Valuing Rebellion Is The New Recipe For Success Forbes
• The Pluses And Minuses Of Virtual Teams Forbes
Monthly Sales Report Card
• Bajaj Auto exports 32,009 two-wheelers in April 2020, domestic sales zero
Policy
• GST audit guidelines need to be reviewed to include video conferencing: Experts
Industry
• India to take over a month to achieve a third of industrial output: Official
• Companies defer hiring schedule, reduce headcount budgets: KPMG
• RBI may extend moratorium on loans by another 3 months
• Auto stocks slump up to 12.5% as lockdown-hit automakers score nil domestic sales in April
• Discounts may help cure U.S. auto market's coronavirus hangover
• Indias budget gap for FY 19-20 breaches estimate on poor tax collection
• COVID-19 impact: States see sharp erosion in GST collections for April
• Pandemic slams Asia's factories, activity hits financial-crisis lows
• Rupee plunges 71 paise to 75.80 against US dollar in early trade
• Allow districts with high economic activity to resume all industrial, biz operations: CII
• Sensex plunges 1,600 points, Nifty down 500
• GST growth of 5.5% pulls economy down in Tamil Nadu
Passenger Vehicle
• Carmakers Dacia and Ford resume production in Romania
• Tesla stock rise appears to qualify CEO Musk for $700 mln payday
• New car registrations in Brazil off 76% in April
• Hyundai to begin preparations to re-start production on May 6
• Coronavirus puts brakes on sports car maker Ferrari
• French carmaker PSA to re-start production gradually over this week
• Volkswagen's Skoda braces for second-quarter hit after earnings drop
• GM Korea to cut output of key SUV as virus hits U.S. exports
• Nissan to pull back from Europe, focus on US, Japan and China
• German auto industry slumps ahead of Merkel meeting
• Hyundai announces operational guidelines for dealer partners
• Musk says time to install Minecraft, Pokemon Go in Tesla cars
Commercial Vehicle
• Goa Transport department set to meet to decide fate of private buses
Two Wheelers
• Tripura mechanic's electric bike ensures social distancing
Aftermarket
• Ola, Uber see low demand after resuming services in green, orange zones
• Intel in talks to buy Israel's Moovit public transit app for $1 billion
Auto Components
• First Cobalt pioneers cobalt production for electric cars in North America
• Copper sinks to 2-week low as demand concerns resurface
• JSW Steel reports 60 pc fall in output at 5.63 LT in April
• India is net copper importer for first time in 18 years
Automotive
• Crane owners seek liquidity support under MSME package
Oil & Lubes
• Oil prices rise on demand prospects as lockdowns start to ease
• State oil companies take the CP route to raise Rs 12,500 crore
• Time to decline? Asia's crude oil imports set to drop after record April
 
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