Morning Daily - 2020-05-16

ETAuto Newsletter | Saturday, May 16, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• COVID-19 impact: Auto component makers may cut $4 billion capex by 2022
• Many EV startups folded during lockdown: Sohinder Gill
• ETAutoCast: COVID-19 and NBFCs - Impact on the world of auto financing
• ETAutoTV: Can automotive component makers weather the COVID-19 storm?
Top Stories
• I haven't heard anyone say 'Wow' about the fiscal stimulus: Rajiv Bajaj
• Tata Motors reconsidering to raise Rs 1,000 cr via NCDs
• Govt invites suggestion for amending MV rules related to emission standards of e-rickshaws
• New launch plans to be impacted, says Maruti Suzuki
• How Leyland engaged over 9,000 of its employees and families during the lockdown HBL
• Fiat Chrysler in talks over $6.8 billion state-guaranteed loan in Italy
• Maharashtra permits industries in Pimpri-Chinchwad to reopen Financialexpress.com
• JK Tyre bets on automation for the new world order
• Toyota plans to cut Japan car output by 122,000 units in June due to virus
• HMSI sells 21,000 units post restart
• Auto components maker Munjal Showa resumes partial operations
• India's exports hit 25-year low in April
• People will shun shared mobility after the lockdown: whats shaping sales strategy at Hyundai ET Prime
• Getac helps hazardous industries manage digital transformation HBL
• Daimler to Idle Alabama Mercedes Assembly Plant Because of Parts Shortage Nytimes.com
• COVID-19 uncertainty in Mexico complicates auto industry restart Detroit News
• 2021 Ford Mustang Mach-E Will Get Up 61 Miles In 10 Minutes Of Charging Forbes
• Hitachi Auto Must Face Kentucky Supervisors' Wage, OT Subclass News.bloomberglaw.com
• EasyMile Self-Driving Shuttles Add Seatbelts To Get Back In Operation Forbes
• The Art Of Thriving In Turbulent Times Forbes
• Nissan to raise up to 500 billion yen in first bond issue in 4 years Nikkei Asian Review
• Mexico now says auto sector may operate before June 1 if safety measures in place Automotive News
• Tesla Fast Tracking Full Self-Driving Development With Advanced Neural Net Training Techniques CleanTechnica
Policy
• City of London curbs cars to aid social distancing
Industry
• Lockdown likely to be extended till May 31 with more relaxations
• World Bank approves $1 bn to support India's fight against COVID-19
• Coronavirus could inflict $8.8 trillion in global losses: ADB
• Farmers need urgent support, latest steps don't provide that: Experts
• Kolkata: Operators seek 200% hike in auto fares from next week
• Companies get Supreme Court relief on wages
• Industries need not fear about closure if an employee tests positive: TN Chief Secretary
• Trade unions to go on strike on May 22 to protest against labour laws suspension
• As China reopens, factories fire up but jobs gloom keeps consumers at home
• With very limited fiscal space government may have just Rs 20,000 cr for stimulus: Report
• Banks, NBFCs with MSME play may attract investors
• Kerala announces Rs 3,434 crore package for MSME sector
• Uttar Pradesh gives Rs 2k cr to MSMEs in loan mela
• The Coronavirus pandemic will permanently change the auto industry
• Rupee rises 6 paise to 75.50 against US dollar in early trade
• Sensex falls 200 points as stimulus measures fail to impress Street
• Auto workers' tenuous return a ray of hope in jobs crisis in US
Passenger Vehicle
• Volkswagen offers car leasing and financing package in Germany
• GM chief calls Cruise jobs cuts 'prudent'
• Tesla picks Austin, Tulsa as finalists for new US factory
• Carmaker Kia closes Algeria assembly line over supply disruptions
• Indonesia's April car sales plunge 91% as virus curbs hit economy
• Nissan sees bigger role for U.S., China markets in global car sales: Sources
• Ferrari looking at IndyCar, says Binotto
• Renault to discontinue iconic models as carmaker cuts costs: Sources
• More Indians prefer to have own car due to Covid concerns: Survey
Commercial Vehicle
• Andhra Pradesh: RTC buses undergo changes to maintain social distancing
• Tamil Nadu: Private bus owners to double fares
• Goa: KTC to monitor disinfection of public vehicles
Two Wheelers
• Greaves Cotton opens first Ampere Electric dealership in Nepal
Aftermarket
• Snowman Logistics reinitiates expansion plans at three locations
• UPSRTC to inquire overcharging for taxi rides from Delhi airport
Auto Components
• India's demand for steel contracted by 91% in April 2020
 
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