Morning Daily - 2020-05-11

ETAuto Newsletter | Monday, May 11, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Workers refusing to rejoin factories may face action
• Apollo Tyre's new focus is on rewriting processes, cutting bad costs
• Auto dealers salary woes continue
• Hero MotoCorp resumes retail operations; claims 10,000 sales in a week
• COVID-19 may force auto cos into more automation on shop-floor, less reliance on labour: EY
• Petrol pumps open, but service centres still remain shut
• View: The unbearable lightness of these labour reforms
• Vehicle scrappage policy to help generate demand for new vehicles amid coronavirus pandemic
• States to which migrant labourers are returning must use this to attract investment: Vikram Kirloskar
• Rs 1 lakh cr Delhi-Mumbai Expressway project offers huge investment opportunities: Nitin Gadkari
• Musk threatens to exit California over virus restrictions
• Why Volkswagen is investing 450 million euros in batteries
• How auto firms plan to woo customers, motivate sales staff post lockdown Business-standard.com
• Pandemic Shows Pitfalls of Auto Industry's Reliance on China Market Www.theepochtimes.com
• Auto Industry to Raise $100 Billion From Banks for Virus Relief BloombergQuint
• Everyone Seems Okay With Remote Digital Collaboration, Except Maybe Managers Forbes.com
• Can VW get its groovy back? Automotive News
• The Dangers Of Reopening The Economy Too Soon CleanTechnica
• 16 Effective Ways To Incorporate Employee Recognition For Enhanced Motivation Forbes
• Toyota ready for 'new norm' of online sales Automotive News
Industry
• UP CM pitches for 90 lakh MSME jobs, easy loans to new units
• FM Sitharaman to meet PSU bank chiefs today; to review credit flow
• Covid crisis: Second financial stimulus could be unveiled this week
• Calls for debt monetisation gain traction as COVID-19 cripples economy
• FPIs invest Rs 15,958 cr in first week of May
• COVID-19: India needs large fiscal stimulus
• Kerala: On an average, lockdown saw 12 road accidents each day
• When the Indian Rupee was at par with the US Dollar
• Centre issues guidelines for manufacturing units post lockdown
• Mazda Motor seeks $2.8 billion in loans to ride out pandemic
• Govt mulls credit guarantee scheme for loans for payment of wages by MSMEs
• Immediate challenge is to restart existing manufacturing facilities amid labour shortage: Official
• Request for registering retailers, construction professionals as MSMEs to be examined: Nitin Gadkari
• Gujarat to offer sops, break from few labour laws to attract industries
• Sweden to tighten foreign takeover rules amid security worries
• Need to deal with labour issue with a long-term perspective: RC Bhargava
• Looking for silver lining in the dark clouds? India has plenty
• Venture Capitalists are gearing up for a post-pandemic auto industry
• UP offers land, tax Sops for setting up industrial park, logistics hub
• Mahesh Babu elevated as Managing Director of Mahindra Electric
• Turkey charges seven people over Carlos Ghosn escape
Passenger Vehicle
• Automakers' sales in China recover from coronavirus lows
• Hyundai rolls out 200 cars from Chennai plant on May 8
• The US car industry is restarting after Covid. Now what?
• Skoda teases ENYAQ iV, its first electric SUV
Commercial Vehicle
• 2,000 kaali peelis, autos hit road to UP, Bihar from Mumbai
• Bengaluru city buses to run for govt, company staff
• Buses offered for shelter during nightly NYC subway closures
• MSRTC starts bus service in four green zone districts
• Private bus operators demand doubling of bus fares in West Bengal
Two Wheelers
• UK commuters face cycling or walking to work once lockdown is eased
• Yamaha employees donate Rs 61.5 lakh to help in Covid-19 fight
Aftermarket
• Chandigarh turns down demand to ply private cabs, autos
Auto Components
• Implementation of big ticket infrastructure projects to shoot up steel demand
• Tenneco shares rise on plans of cost cuts amid COVID-19 crisis
• Auto suppliers surge on strong results and signs of reopening
Oil & Lubes
• Oil prices drop amid supply glut, fears of 2nd coronavirus wave
• India's fuel consumption dips 46 per cent in April; expected to rebound in May
• To shore up revenue, Goa hikes diesel price by Rs 2.05/L
• Oil company's margins to take a hit post increase in taxes: Ind-Ra
 
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