Morning Daily - 2020-05-06

ETAuto Newsletter | Wednesday, May 6, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• Exodus of migrant workers: Major hurdle in resumption of production
• ETAutoTownhall: Seeing more interest from non-owners: Nissan Motor Corp COO Ashwani Gupta
• Auto Inc immediate relief hinges on tax relaxation
• Skyrocketing tax on fuel might further dent auto sale prospects
• AutoLogue: Auto woes: OEMs & Dealers
• ETAutoTV: Reinforcing the auto industry: The need for relaxed auto taxes
• Opinion: Of drones and dragons!
Top Stories
• Indias jobless rate jumps to 27.1%, survey says
• Vehicle registrations decline sharply by 70% in April: Report
• Tata Motors gets approval to raise 1,000 crore via NCDs HBL
• Auto companies' apps in sync with Aarogya Setu
• Hero MotoCorp to benefit from higher rural share; downtrading to help Business-standard.com
• Petrol price in Delhi hiked by Rs 1.67 per litre, diesel by Rs 7.10
• Automakers are preparing a lockdown exit plan. Three hurdles they need to factor in. ET Prime
• Companies allowed to hold AGMs via video conference HBL
• Tata Steel leaves Indian Steel Association; TV Narendran steps down as ISA President HBL
• Stimulus package is in the works and reforms will follow, says Amitabh Kant Livemint
• Plans for first lithium plant in India forges ahead Livemint
• Commercial vehicle makers report zero sales in April amid Covid-19 lockdown Business-standard.com
• After The Pandemic: Pickup And Delivery, Online Car Sales Are Here To Stay Forbes.com
• Fiat Chrysler Faces Reinstated Fatality Suit Over Auto-Braking News.bloomberglaw.com
• Coronavirus Layoffs - Job Losses And Furloughs Are Even Impacting Safe Jobs Forbes
• As Tesla Cuts Pay And Furloughs Workers, Elon Musk Lands $700 Million Payout Forbes
• FCA posts $1.8 billion loss in Q1 as pandemic hits sales, production Automotive News
• Volkswagen to start sales of first-edition all-electric ID.3 hatchback in June TechCrunch
• Elon Musk Says Video Conferencing Within A Tesla Is A Future Feature CleanTechnica
• California On Verge Of Making Truck Manufacturers Produce Electric Trucks- 'bout time CleanTechnica
Policy
• RBI clears fog on special provisioning
Industry
• Export sops likely to continue till March 2021
• All big Turkish auto factories to resume operations as of May 11
• Covid crisis: DuPont sees tough second quarter as auto sales crater
• Mexico auto industry readies for possible reopening in coming weeks
• Sidbi to launch all in one hub to help MSMEs
• Guidelines out for companies willing to work with 33% staff
• Govt mulling introduction of import substitution policy: Gadkari
• Govt extends validity of driving license, vehicle fitness renewal till June 30
• Guidelines to restart industries not practical: UP industrialists
• About 23% of firms in MIDC areas resume operations
• 88 micro financiers ready to begin operations in green, orange zones: MFIN
• Rupee rises 15 paise to 75.58 against US dollar in early trade
• RBI may ease provision rule, NBFCs to get funds
• Centre working on Agro MSME policy: Nitin Gadkari
Passenger Vehicle
• Toyota Kirloskar Motor restarts 'preparatory operations' at plant
• Honda Cars India to restart Tapukara plant next week
• Detroit automakers push for restart of plants within 2 weeks
• Fiat Chrysler, PSA retain merger target date
• Covid crisis: UK car sales crash to 1946 low on virus lockdown
• Toyota's bonding with hybrids hits another milestone: 15 million and counting
Commercial Vehicle
• Italy's CNH Industrial aims for full production by end of May
• Daimler Trucks sells over 1 lakh BharatBenz trucks in India
• Ashok Leyland reports zero sales in April
• Goa: 2 private buses to ply per route from today
Aftermarket
• Ensure there is no problem in inter-state movement of cargo: MHA
• Intel buys Moovit transit app for $900 mln to help develop robotaxis
• XPO Logistics profit tumbled after coronavirus pummeled business
• Singapore-based logistics firm Ninja Van raises $279 mln
Auto Components
• Bharat Forge reopens its Baramati plant
• Norsk Hydro to close German auto parts plant, 129 jobs at stake
Oil & Lubes
• More fiscal stimulus measures necessary in India to fight COVID-19: S&P
• India uses low crude prices to stockpile 32 million tonnes of oil
 
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