Morning Daily - 2020-05-09

ETAuto Newsletter | Saturday, May 9, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• ETAuto Exclusive: It may be raining discounts post lockdown to wash off auto market blues!
• ETAutoCast: COVID-19 - Radical changes looming over auto retailing
Top Stories
• COVID-19 Impact: Indian Auto Industry Pushed Back By Four Years Forbes India
• DICV integrates marketing and customer service division
• Package for infra sectors may be announced soon: Gadkari
• Record excise duty hike unlikely to help bridge fiscal gap: Report
• VE Commercial Vehicles resumes manufacturing operations in India
• Mercedes Benz India sticks to scheduled car launches, calls digitalisation 'hassle free'
• Automakers are preparing a lockdown exit plan. Three hurdles they need to factor in. ET Prime
• India Inc panel to pick up sectors to floor manufacturing pedal
• Uber loses $2.9 billion, offloads bike and scooter business
• India's rating outlook reflects rising risk of slower GDP growth, low policy effectiveness: Moody's
• Auto Industry Preps For A Long Journey To Recovery Forbes India
• Indian economy may contract 0.4% in FY21, says Nomura and Goldman Sachs
• New gas policy on card, hints Dharmendra Pradhan
• The pandemic impact on Q1 HBL
• Tesla secures $565 mln loan for Shanghai factory
• Electric cars are here to stay - despite what the oil industry thinks TheHill
• VW set for new digital dynamics in post-Covid world HBL
• Faulty Volkswagen Transmission Claims Trimmed in Class Suit News.bloomberglaw.com
• The U.S. Car Industry Is Restarting After Covid. Now What? Bloomberg.com
• Big Three auto suppliers get green light to restart next week FOX 2 Detroit
• VCs are gearing up for a post-pandemic auto industry Detroit News
• The Day After COVID: How Top CIOs Are Preparing For Recovery In The Midst Of Crisis Forbes
• The Unseen Unemployed: Why Skyrocketing Unemployment Numbers Are Incomplete Forbes.com
• Toyota and Mazda post first China sales rise since virus outbreak Nikkei Asian Review
• Huawei races to debut HiCar connected-car tech this year Nikkei Asian Review
Industry
• Coronavirus impact: Auto production collapses by 99% in Mexico and Brazil
• Go in for monetization, higher fiscal deficit in measured way: Raghuram Rajan
• Corporates seek Rs 15 lakh crore stimulus
• Government may ready negative list of prohibited activities
• PSBs have sanctioned loans worth Rs 42,000 cr to MSMEs, corporates so far
• Mexico auto plants to reopen as country weighs virus risks
• New breed of pickups mixes horsepower and battery power
• Mumbai: Transport experts suggest mobility methods to reduce burden on public transport post lockdown
• Green hydrogen's time has come, say advocates eying post-pandemic world
• Rupee falls 26 paise to 72.76 against US dollar
• Sensex rallies over 600 points on stimulus hope
• Haryana gives automated approvals to industries
• Government working on financial package for all sectors
Passenger Vehicle
• Honda will restart US, Canadian auto production from May 11
• Tesla must not reopen San Francisco vehicle factory: California county
• French court orders Renault plant to halt production over virus fears
• Tesla idles China plant, suspending vehicle output worldwide
• BMW India launches 8 Series Gran Coupe, price starts at Rs 1.29 crore
• Mahindra unveils online car buying platform
Commercial Vehicle
• Karnataka: KSRTC stops bus services
Aftermarket
• Uber restarts operations in Green, Orange zones
• System for transfer of vehicle ownership eased
• Used car dealer Carvana expands as coronavirus fuels U.S. demand for online sales
Auto Components
• Rico Auto Industries resumes operations at several plants across India
• Domestic steelmakers rely on exports as local demand slumps
• Bosch resumes production at most of its plants
• Coronavirus impact: Magna's profit halves on pandemic hit
Tyres
• Ceat extends warranty on tyres by three months
• JK Tyre partially resumes operations at three Indian plants
• TVS Srichakra adds new feature on its retailer app
Automotive
• How Deere, Caterpillar kept plants running during the coronavirus outbreak
Oil & Lubes
• Adani Gas reports 61% rise in Q4 net profit
 
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