Morning Daily - 2020-05-30

ETAuto Newsletter | Saturday, May 30, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• Ceat slashes capex by Rs 250 crore for FY21
• ETAutoTV: Indian customers are still driven by price, not value, says Rajinder Singh Sachdeva, COO, VECV
• ETAutoCast: COVID-19, EVs & the new normal
• ETAutoTV: A 10 kW battery-powered electric motorcycle can work for Indian market, says Wicher Kist, CEO, Saietta
Top Stories
• Rural demand may power revival of two wheelers post lockdown
• Renault announces 15,000 layoffs worldwide
• TVS Motor trims capex by 58% for FY'21 to Rs 300 crore
• Maruti Suzuki plans car leasing to boost sales
• ZF to cut up to 15,000 jobs by 2025, report says Automotive News
• PV, 2W sales to decline by 77%, CVs staring at 90% drop in May: Motilal
• India GDP growth dips to 3.1% in Q4; 4.2% in 2019-20
• Course correction: domestic flights see rough take-off on lack of coordination. Heres the fix. ET Prime
• China's Geely raises $836 million from share sale
• Renault chairman says ready to produce Nissan cars in Europe Nikkei Asian Review
• Automakers Dial Back On Deals: Sales Recovery Loses Steam In May Forbes
• For Yamaha, WFH has no connection with distraction HBL
• Transfer benefit to eligible non-chip PSV badge holders in 10 days: Delhi HC Livemint
• COVID-19 impact | Banks fear major spike in NPAs from cab aggregator loans Moneycontrol
• Four Pillars Of Communication In Times Of Chaos Forbes
• UAW board member made 'sexually violent threat,' union's executive board charges Detroit News
• Hertz bankruptcy and a distressed rental car market means more pain for U.S. automakers CNBC
• ZF closes on Wabco acquisition Crain's Detroit Business
• SoftBank leads $500m funding in Chinese ride-hailer Didi Nikkei Asian Review
• Toyota's first plug-in hybrid RAV4 Prime priced a skosh under $40,000 TechCrunch
• Global Auto Sales Down 26%, By More Than 6 Million Units, In 1st Quarter CleanTechnica
Industry
• Dilip Buildcon consolidated Q4 profit more than doubles to Rs 191 cr
• 70% Indore region firms resume operations
• Indian economy slows in March quarter, with worst to come
• Uttar Pradesh government inks MOUs with industry bodies for 11 lakh jobs to migrant workers
• India, US could strike a 'smaller' trade deal in the coming weeks: Indian envoy
• SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order
• Operate buses to bring back workers to industrial units: TN industry body
• GST Council to meet next month; Finance ministry not for raising rates on non-essential items
• Japan's factory, retail sectors slump as pandemic hits auto sector
• Auto sector will feel the maximum pain this year: Prashant Jain
• Indias key growth engine grinds to halt in sign of slump
• US economy shrank at 5% annual rate in Q1
• Andhra Pradesh exhorts industries to invest in state
• Rupee rises 11 paise to 75.65 against US dollar in early trade
• Sensex, Nifty fall ahead of GDP data
• UP to ink pact with industry bodies today for 9.5 lakh jobs
• ADB approves $177 million loan for road projects in Maharashtra
• Over 1.36 lakh vehicles seized, Rs 6.88 cr recovered in fines for lockdown violations
Passenger Vehicle
• Mercedes-Benz India to launch 2020 GLS on June 17
• Volvo evaluating markets, confirms to drive in XC40 recharge in India
• Spain says it will do all it can to reverse Nissan closure, workers protest
• Volkswagen spending $2.2 billion to expand in China's electric car market
• James Bond's iconic Aston Martin DB5 back in production after 55-year hiatus!
• Volkswagen becomes biggest shareholder of China's EV battery maker Guoxuan
Commercial Vehicle
• What lockdown? Autos operate freely in Chennai
• BEST decides not to charge bus ticket fares from migrant workers
• Piaggio donates over 11,000 ration kits to auto drivers
Two Wheelers
• TVS Motor Company operating EBITDA improves to 8.3% for FY 2019-20
Auto Components
• NCLT clears Takata India and KSS Abhishek Safety Systems merger
• Sundaram-Clayton Ltd posts 23.43% rise in fourth quarter standalone net
• Dont sack anyone, says threat mail to Graziano Trasmissioni
Oil & Lubes
• Dharmendra Pradhan envisages home delivery of petrol, CNG
• India's oil import bill falls 10% to $101 billion in FY20
• Puducherry: Special tax imposed on petrol, diesel
• View: Covid-19 will hasten the demise of many oil refineries
 
Follow Us :
Copyright © 2020 ETAuto, All rights reserved.
You are receiving this email because you signed up at etauto.com
Our mailing address is:
ETAuto.com (Times Center), FC - 6, Sector 16 A, Film City, Noida - 201301 Uttar Pradesh, India
Add newsletter@etauto.com to your address book   |   Our archives are at ETAuto