Morning Daily - 2020-05-14

ETAuto Newsletter | Thursday, May 14, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• An anatomy of the Indian auto industry
• Automakers' advertising and marketing strategy in this age of social distancing
• Fragile calm returns in auto stocks amid definite COVID-19 concerns
Top Stories
• Sixer shot for MSMEs: FM announces change in definition, revises investment limit upwards
• Maruti Suzuki lines up Rs 2,700 cr capex for current fiscal; says no plan for salary and job cut
• Auto parts suppliers hail govts six mega moves for MSMEs
• Maruti Suzuki Q4 profit down 28.1 % at Rs 1,291 crore
• Not right time to seek GST rate cut on automobiles: RC Bhargava
• Impact on volumes may dent Marutis FY21 margins
• People will shun shared mobility after the lockdown: whats shaping sales strategy at Hyundai ET Prime
• Covid impact: Auto dealers to keep minimum stocks
• Maruti Suzuki to commence supply of Vitara Brezza to Toyota Kirloskar Motors
• Uber lays off 3,700 workers over 3-minute long Zoom calls
• Moody's cuts 2020 global auto sales outlook by 20% on coronavirus hit
• Around 1,000 GWh of battery manufacturing capacity needed to meet global EV target by 2025
• United Nations slashes India's growth rate to 1.2% for 2020-21
• Tata Motors restarts production at Pantnagar, Sanand plants
• Govt's special stimulus package to help revive commercial vehicle industry: Ashok Leyland MD
• Setco Automotive appoints Udit Sheth as Executive Director
• Maruti Suzuki acquires Sumitomos stake in J.J. Impex
• For Maruti Suzuki India, things would only worsen before they get better Livemint
• How automakers can steer themselves out of this crisis Livemint
• Mitsubishi Motors looks to cut jobs in Thailand Nikkei Asian Review
• Tesla employees who don't return to work could lose unemployment benefits TechCrunch
• Amara Raja Group launches health screening web app, digital platform for workforce HBL
• Ford's New Ad Campaign Spotlights Company's Role In U.S. Economy Forbes
• Musk Lists More California Homes After Vow to Sell Possessions BloombergQuint
• GM to Reopen Cash-Cow Mexican Pickup Plant as Soon as Next Week BloombergQuint
• Honda Plans Restart of Auto Production in U.K. Early Next Month BNN
• All Eyes on Detroit as Automakers Ready Slow, Careful Reopening of Plants Nytimes.com
• How To Maximize Your Workforce During An Economic Downturn Forbes
• Toyota wastes less time because of coronavirus, president reveals Nikkei Asian Review
• China automakers call for stimulus as coronavirus carnage bites Nikkei Asian Review
Policy
• Maharashtra woos industry with Maha Permits, names Sherpa to facilitate FDI
• Lower TDS & TCS rates, less PF outgo for 3 months
Industry
• Clear picture of GST mop up in April to come by June-end: Finance Secretary
• After layoffs, Uber recalls B-school job offers
• Cost of funds likely to come down for NBFCs, microfin companies
• Delhi HC issues notice to Centre, Delhi govt over direction to permit operation of public transport in districts
• Rupee rises 21 paise to 75.30 against US dollar
• Sensex, Nifty surge on $266 billion stimulus boost
• Logistics sector to grow at 35% in 2021: Report
Passenger Vehicle
• Aston Martin posts deep loss as coronavirus outbreak hits sales
• Ford to restart UK engine output next week
• Tesla's California fight heats up competition for jobs
• Nissan plans $2.8 billion in cuts as part of restructuring plan
• Maruti Suzuki appoints Maheshwar Sahu as independent director
• Dispute over reopening California Tesla factory may be over
• MG Motor India selects Voxomos Conversational AI platform for innovation grant
• COVID-19: Volkswagen India initiates safety programme across facilities
• Donald Trump wants California to let automaker Tesla reopen assembly plant
Commercial Vehicle
• Ashok Leyland resumes plant operations across India
Aftermarket
• Waymo extends external funding round to $3 billion
• Uber considers buying Grubhub
Auto Components
• US proposes Novelis to divest automotive body sheet biz in North America
• Schaeffler India Q1 profit falls 26% at Rs 78.35 crore
• ICRA reaffirms credit ratings for bank facilities availed by JTEKT India
• NRB bearings resumes production operations in 3 states
• Lithium, cobalt production to soar as demand for clean energy increases: World Bank
• Manesar revs up as Maruti Suzuki begins production
Oil & Lubes
• Opec slashes oil demand view, says rebalancing to gather pace
 
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