Morning Daily - 2020-05-23

ETAuto Newsletter | Saturday, May 23, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Bosch says auto industry will take at least 4 years to revive
• Goodyear India rejigs top leadership; appoints Sandeep Mahajan as MD
• Data of 3.5 million Zoomcar customers up for sale
• Bosch Q4 net profit crashes 80% to Rs 81 crore
• RBI cuts repo rate by 40 bps, turns pessimistic over GDP growth
• Automakers offer schemes to boost car buying demand
• People will shun shared mobility after the lockdown: whats shaping sales strategy at Hyundai ET Prime
• Nissan considering 20,000 job cuts, mainly in Europe, developing nations: Kyodo
• Financiers turn cautious on 3-wheeler buyers
• For Tata Motors, collaboration is the mantra during Covid HBL
• Varroc appoints Rohit Prakash as President and Whole-time Director
• Investments in e-mobility and autonomy to take major hit amid shrinking R&D budget: Survey
• A third of NSE manufacturing companies back at work
• Lucas TVS to use AI tools to ensure social distancing at workplace
• Suzuki Motorcycle's 50% dealership reopened following relaxation in lockdown
• Working with Alan Mulally at Ford HBL
• From the land of fashion and films to the heartland of American technology HBL
• Apollo Tyres sees faster demand pick-up in replacement market HBL
• Interest rate cut to revive demand; more support needed: India Inc
• The Ten Most Dangerous Roads In The World, And How Self-Driving Cars Would Fare Forbes
• Co-Elevation: How To Achieve Positive Leadership Impact Without Pre-Established Authority Forbes
• Council Post: 15 Ways To Convey Intent To Employees And Ensure Alignment With Goals Forbes
Industry
• Tata Steel running with 50% capacity, efficiency sees improvement, says CEO Narendran
• MSMEs and exporters get some relief from RBI
• NHAI ropes in experts for developing new financing approaches in current financial condition
• Renault could disappear and must adapt: French finance minister
• RBI's announcement for exporters welcome but problem is far bigger: EEPC
• Corporate revenues drop over 25% during lockdown; normalcy may take over 1 year to return: Survey
• Current account may turn surplus in FY21
• Indian economy to contract in FY21; lockdown compounds economic challenges, says Moody's
• India's GDP could soar by 20 per cent post lockdown, predicts Goldman Sachs
• China drops GDP goal, vows spending as virus overshadows parliament
Passenger Vehicle
• Trump visits Ford plant in politically crucial Michigan, leaves mask off for cameras
• GM gradually restarts in Mexico as Lear Corp readies for return
Commercial Vehicle
• Delhi buses' ridership reaches over 3.5 lakh
Two Wheelers
• BattRe Electric launches internet-connected scooter at Rs 64,990
Aftermarket
• Haryan allows private cabs, autos, Gurgaon to decide next week
• Uber resumes operations in Coimbatore
• Let car showrooms reopen urgently, industry body urges UK government
Auto Components
• Fitch downgrades Tata Steel, JSW Steel to BB- from BB, outlook negative
Tyres
• Falken Tyres resumes operations in Gurugram
Oil & Lubes
• Spot LNG price crash set to make life harder for Indian suppliers of long-term gas
• Crude oil prices drop over 5% on China-US tensions, demand doubts
 
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