Morning Daily - 2020-05-13

ETAuto Newsletter | Wednesday, May 13, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Auto industry welcomes PM Modi's economic package to fight Covid-19
• View: May we remain awed rather than shocked when PM's stimulus package unfolds
• Coronavirus impact: Automakers may rehaul supply chain to ease dealer inventory woes
• Tata Motors is worth nothing without Jaguar Land Rover, says CLSA
• March industrial production plummets 16.7%
• Auto component industry likely to witness double-digit degrowth in FY21: India Ratings
• Companies not giving financial aid, say luxury car dealers
• Sandhar Technologies elevates NK Dogra as interim CFO
• IndiGo sits pretty as airlines brace for a shake-out. Vistara, AirAsia may live to tell the tale. ET Prime
• Maruti resumes operations at Manesar plant on single shift basis
• Not sure whether India will gain if businesses shift from China due to COVID-19: Abhijit Banerjee
• Covid lockdown: Only 15% commercial vehicles are plying
• Avoiding global risk by expanding global teams and operations: Audio interview
• Roadside dhabas extorting money for releasing parked trucks, alleges truckers body
• For Toyota, less is more with office space slashed in key cities HBL
• Auto dealers find a way to bypass BS-IV Livemint
• Coronavirus Pushes Auto Dealers To Remove Customer Pain Points Forbes
• Carmakers on "welcome back" drive with attractive financing options for buyers @businessline
• Tesla's plant reopening gets Trump's backing Automotive News
• GoMechanic unveils Covid-19 Car Revival Package for car owners HBL
• EV charging start-up Charge+Zone raise finding HBL
• MSMEs need separate rating system to boost credit flow, says CEO of Union Bank of India HBL
• Maruti starts to roll out cars from Manesar amid Covid-19 lockdown Business-standard.com
• Jumpstarting Electric Auto Sales And Experience; What GM And Tesla Must Consider Forbes
• Nissan Said to Plan $2.8 Billion in Cost Cuts, Book Charges BloombergQuint
• Waymo expands first external investment round to $3 billion TechCrunch
• Uber approaches GrubHub with takeover offer Tech2
• Don't Let The Corporations Fool You: Here's Why Furloughs Will Turn Into Permanent Job Losses Forbes
Industry
• Over 2.7 crore in their 20's lost jobs in April: CMIE
• Government set to guarantee up to Rs 3 lakh crore loans to MSMEs
• Wary of FDI rules, Chinese investors put new funding on hold
• Covid opportunity sets stage to ring in mega reforms
• COVID-19 crisis opportunity to support 'own innovativeness': Ratan Tata
• Business team from Thailand to explore investment opportunities in UP
• From China to Chennai: Get ready for fresh investments
• Companies cautiously resume work as India begins reopening economy
• CIVAAN opposes government move to scrap 15 year old private vehicles
• Rupee falls 22 paise to 75.95 against US dollar in early trade
• Sensex drops 600 points on fresh virus concerns; Nifty below 9,100
• House panel to summon state govts representatives over contentious labour laws
Passenger Vehicle
• Electric car sales in Europe jump, but still just 4% of market
• Renault India strengthens online sales platform to drive growth
• Honda Cars India reopens 155 dealerships
• Toyota reveals limited edition of Prius to mark its 20th anniversary
• Honda sinks deeper into quarterly losses on virus outbreak
• China's Tesla wannabes risk running out of road in virus-stricken times
• Toyota profit drops on virus outbreak but recovery expected
• Toyota Kirloskar Motor reopens 171 dealerships, partially resumes retail and aftersales operations
• Wuhan weighs policies to help hometown automaker Dongfeng
• Nissan resumes vehicle dispatches to dealerships in green, orange zones
• Fiat Chrysler restarts Brazil production after coronavirus shutdown
Commercial Vehicle
• Truck maker Volvo ditches dividend payment amid COVID-19 crisis
• Transporters to go on strike after lockdown
• Covid-19 lockdown: So many walking, why not let our buses ply, union writes to PM
Aftermarket
• Uber may soon use 'Real-Time ID Check' to verify if drivers are wearing masks
Auto Components
• Brembo sees 'significant' coronavirus impact for rest of year
• Cash crunch drives French car parts maker Novares to temporary receivership
• Coronavirus pushes UK car supplier Arlington to appoint administrators
Auto Technology
• Huawei collaborates with 18 Chinese automakers to build 5G enabled ecosphere
Oil & Lubes
• Oil falls as top US scientist warns of reopening risks
 
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