Morning Daily - 2020-05-25

ETAuto Newsletter | Monday, May 25, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• ETAuto Original: What car? There are many yet to be sold
• How Automotive Engineering departments have been ensuring continuity of work virtually?
• Podcast: Forging industry during & after COVID-19 crisis
Demo 5G Spotlight Demo 5G Spotlight
Demo 5G Spotlight
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Top Stories
• In a first, Tata Group's top deck to take up to 20% pay cut
• After Maruti Suzuki, Coronavirus spreads among Hyundai India workers
• Rico Auto sheds 70% staff as COVID-19 hit business plans
• Auto companies again push for nodal agency
• Govt extends validity of vehicle documents till July 31
• Tata Motors' JLR seeks COVID-19 support package in UK, says reports
• Why India's melodrama over walking migrants is good HT Mint
• Capitalism Post-COVID: Companies Doing Good To Become Great Forbes
• Tier II, III cities emerge as preferred destinations for warehousing industry, say experts
• Gearing up for the new normal: How SMEs can manage their finances better in the post-COVID economy
• Aston Martin chief to leave, Mercedes-AMG CEO to replace him
• 10 Ways To Set Yourself Up For Career Success Forbes
Industry
• People more worried about economic crisis than coronavirus, says study
• Reforms do not mean complete abolition of labour laws, says Rajiv Kumar
• After rush to exit India in March & Apr, FPIs invest Rs 9k cr in May so far
• China exporters look inwards as virus hits overseas markets
• Globalisation is probably dead; US-China trade tensions are back
• India needs to improve contract enforcement, upgrade infra to attract companies, say experts
• Job searches for remote work surge in February-May: Report
• India may register recession in third quarter of this fiscal, shows report
• Finance Ministry not considering calamity cess on GST
• Undo changes to labour law, say trade unions
• Forex reserves rise $1.73 billion to $487.04 billion
• Bank of Baroda to offer up to Rs 12k cr loans to MSMEs under credit guarantee scheme
• Future actions to stimulate economy will depend on how COVID crisis pans out: FM
• Timeline to affix HSRP on vehicles extended till June 30 in Punjab
• Organizers cancel 2020 New York auto show
• Future actions to stimulate economy will depend on how COVID crisis pans out: Nirmala Sitharaman
• CII experts predict digital overhaul of Indian supply chain network
• China boosts spending for virus-hit economy, takes up HK law
• Key Mexican state for German automakers hits brakes on restart
• Delhi govt planning to start vehicle disinfection services at fuel stations
• After FDI curbs, India plans stricter check on FPIs from China and HK
Passenger Vehicle
• Employee at Maruti's Manesar plant tests positive for Covid-19
• In China's auto market, worries grow that cashback deals and gifts presage damaging price war
• After Ghosn and coronavirus, Renault and Nissan weigh future
• COVID-19 impact: Major automakers see demand for personal vehicles going up
• Hyundai, BMW and 5 other carmakers recall nearly 550,000 cars in Korea
• Tesla seeks China nod to build Model 3 vehicles with LFP batteries
• Porsche resumes dealership operations in India
• Automaker trade backs U.S. on effort to weaken fuel efficiency rules
• Electric cars are about to start rolling out of the Arizona desert
Commercial Vehicle
• Over 11,000 travel by MSRTC buses after services restart
• GM delays resumption of second shift at 3 North American truck plants: Source
• Transporters say #NoTruckForMe to become 'self reliant'
Aftermarket
• Uber customer claims company won price-fixing suit because arbitrator was scared
• Hertz files for U.S. bankruptcy protection as car rentals evaporate in pandemic
Auto Components
• Union ministers interact with stakeholders from auto part sectors; discuss key challenges, reforms
Auto Finance
• No Mileage in Loan Pause: Big-fleet Cos
Oil & Lubes
• No one can predict where oil prices will stabilise: Dharmendra Pradhan
• India's natural gas output falls by one-fifth in April due to lockdown
 
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