Morning Daily - 2020-05-28

ETAuto Newsletter | Thursday, May 28, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• ETAutoSTVC: Adopt virtual manufacturing to build resilience in the time of crisis, says CV Raman
• ETAutoSTVC: Mahindra Electric CTO on role of thermal management in developing affordable EVs for India
• ETAutoSTVC: Three-step customer-friendly alternative to bring e-motorcycles in India
Top Stories
• Automakers rev up car launches to get out of the rut
• Ola Electric acquires Amsterdam-based e-scooter firm Etergo
• Register: India's biggest Virtual Summit on Electric Vehicles
• Maruti looks at leasing option as sales decline HT MINT
• Auto dealers seek higher margins to offset slump in sales, save jobs
• Covid impact: Suzuki boss expects a bigger knock to India engine
• Renault-Nissan-Mitsubishi unveils new business model to revamp stressed alliance
• Course correction: domestic flights see rough take-off on lack of coordination. Heres the fix. ET Prime
• Hyundai Motor Group to get electric vehicle batteries from LG Chem
• If your motor cover is up for renewal, you may be charged a lower premium Livemint
• In Midst Of COVID-19, Auto Faces The Next Big Challenge, Carbon Neutrality Forbes.com
• Government mulls bringing natural gas under GST
• Baidu builds world's largest self-driving R&D center Nikkei Asian Review
• Ampere Electric celebrates 12 years of its journey in India HBL
• Chinese copy of Vespa Primavera declared invalid by EU Financialexpress.com
• EV manufacturer Gemopai to launch new mini-scooter Miso in India HBL
• Resetting Employee Trust in a Post-Covid World Forbes
• How An Empowered Workforce Can Power Your Business Forbes.com
• Rivian is building an in-house insurance agency TechCrunch
Industry
• Commuting distress eases as autos, buses and app cabs return on road
• India's worst recession is here: CRISIL
• India's Q1 GDP may contract 40%, states to lose Rs 30 lakh crore on Covid
• 2 out of 3 MSMEs are well-placed in lockdown
• Irdai member Nilesh Sathe appointed NHAI finance advisor
• Mega lockdown puts Indias animal spirits to sleep in April
• NHAI to take maintenance, repair work on priority before monsoon
• April manufacturing IIP to contract by 50-60 per cent: Report
• Gurugram: Vehicle registry forgery blows lid off scam at RTO
• Tamil Nadu inks deals for over Rs 15,100 crore investment, to create 47,000 plus jobs
• SEBI slaps Rs 7 lakh fine on NHAI for disclosure lapses
• Coronavirus pushes global credit rating downgrade threat to record high
• States should come forward with Rs 20 lakh cr to battle COVID-19 disruptions: Nitin Gadkari
• Sensex surrenders opening gains, drops over 60 pts; Nifty near 9,000 level
• Dollar edges higher as US-China worries resurface
• COVID-19 Impact: Create demand, rescue economy
Passenger Vehicle
• Covid lockdown: Nissan to begin restart of US auto plants on June 1
• Nissan to set out survival plan after expected annual loss
• Karma Automotive begins prototype testing for supercar-capable E-Flex platform
• Tesla cuts car prices by up to 6% in North America to boost demand
• Volkswagen India introduces leasing, flexible financing options to drive sales amid COVID-19
• Mercedes-Benz launches AMG C63 Coup and AMG GT R, priced from Rs 1.33 crore
• Volkswagen in final talks to seal biggest M&A deals in China EV sector: Sources
Commercial Vehicle
• Private buses to run in Odisha from today
• West Bengal: NBSTC resumes inter-district bus services amid lockdown 4.0
Two Wheelers
• Triumph Motorcycles opens pre-booking for Tiger 900
Aftermarket
• Ola Financial gets Rs 205 crore from Falcon Edge, Matrix Partners
• Spinny sells 300 used cars in lockdown, expects to return to pre-corona level volume by next month
Auto Components
• CATL explores new EV battery services, more capacity: Chairman
• Marelli secures $1.2 billion capital to bolster cash and flexibility
Tyres
• Tyre volumes went down by 50% in March
• India may impose anti-dumping duty on a rubber imported from 4 countries
Auto Technology
• Amazon in talks to buy autonomous vehicle startup Zoox
Oil & Lubes
• Low crude oil prices helped India save Rs 25,000 crore: Dharmendra Pradhan
• Oil slips on demand worries
 
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