Morning Daily - 2020-05-08

ETAuto Newsletter | Friday, May 8, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• This is the time Indian auto industry should change
• ETAuto Exclusive: Car dealers face backlash in Covid-19 times as customers' skip purchases
• ETAuto Exclusive: Globalisation to regionalisation - Role reversal
• Making a comeback: Automakers, dealerships open shutters
Top Stories
• Will expedite vehicle scrappage policy: Nitin Gadkari
• Mahindra & Mahindra marketing head Vivek Nayer quits
• Maruti Suzuki and Hyundai Motor considers 2nd shift, even as vendors struggle to get back
• Govt stimulus is key to survival, says auto industry Livemint
• Tata Motors withdraws plan to raise Rs 1,000 crore via NCD
• Govt and Industry needs to change the way they interact : R C Bhargava Livemint
• Automakers are preparing a lockdown exit plan. Three hurdles they need to factor in. ET Prime
• Auto companies look at Bharat play to boost sentiments during FY21, aims rural market
• Carmakers put V-shaped recovery hopes to the test
• Golden opportunity to create domestic supply chain for EVs: SIAM president Livemint
• Tesla's Musk delays release of Roadster sports car, repeats coronavirus lockdown criticism
• Southeast Asian auto sales sink 40% for largest drop in a decade Nikkei Asian Review
• Boost to e-commerce may drive demand for commercial vehicles: Siam president Livemint
• Tesla abruptly halts car production at Chinese factory HBL
• BMW Group India resumes production at Chennai plant HBL
• How Deere, Caterpillar Kept Plants Running During the Coronavirus Outbreak Nytimes.com
• Emerging Trend: Tiny EVs for Europe and giant electric pickups for the US Electrek
• Aligning customers' preferences with vehicle portfolio will be key challenge Livemint
• Pivot or Perish: Auto industry calls for GST cut and incentives to revive growth Livemint
• 'If Govt wants to revive revenues, they have to revive auto industry' Livemint
• Bharat Forge: odds stack up; risk to earnings growth now higher Livemint
• Covid-19: An opportunity or a setback for electric vehicles? @businessline
• Rental Car Companies Slash Order, Deliver Another Blow to US Auto Industry Thedetroitbureau.com
• COVID-19 May Become An Automation Forcing Event: Already Vulnerable Workers Look To Reskilling For Path Forward Forbes
• Going Back To Normal When Normal No Longer Exists: A Guide To Inclusive Planning Forbes
Industry
• Michigan governor allows coronavirus-hit manufacturers to reopen on May 11
• Will consider deferring new standards for auto industry: Nitin Gadkari
• Trade unions seek job assurance, free rail tickets for migrant workers
• Ease migrant labourers return to work: Road Ministry
• Road contractors may get more time
• Robust imports of major commodities show China shrugging off coronavirus hit, says Russell
• Road construction worth Rs 15 lakh cr in next 2 years; auto scrapping policy soon: Gadkari
• Micro enterprises best placed to help economy come out of COVID-19 crisis: Report
• Now asset quality issues overshadow liquidity problem for NBFCs: Report
• China auto sales set to rise 0.9% in April
• It is time we realise worth of migrant workers: Goa CM
• Have opened emergency credit line for MSMEs, eased working capital norms: PNB
Passenger Vehicle
• US won't seek recall of 56 million Takata air bag inflators
• Nissan to extend production halt for most U.S. plants
• Lamborghini reveals Huracan EVO RWD Spyder virtually
• Breakout time behind plexiglass: Renault factory restarts in France
• Maruti Suzuki opens corporate office
• General Motors taps Flir Systems for fever check cameras at factories
• Ford's China ventures saw sales growth in April as market rebounds
Commercial Vehicle
• Care Ratings downgrades Ashok Leyland's bank facilities, debentures to AA with negative outlook
• Daimler India Commercial Vehicles resumes plant operations
• The magic word for Detroit automakers is pickup trucks
Aftermarket
• Uber leads $170 mln investment round for bike-sharing startup Lime
• Lyft sees rider demand improving after coronavirus bottom, on path to profitability
Auto Components
• MSME sector on verge of collapse: Gadkari
• Continental's profit almost halves as lockdowns hit car production
Oil & Lubes
• Petrol, diesel to cost more in Rajasthan with hike in VAT rates
• Coronavirus lockdowns depress fuel demand worldwide
• Petrol, diesel prices raised by nearly Rs 3 a litre in Chandigarh
 
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