Morning Daily - 2020-06-02

ETAuto Newsletter | Tuesday, June 2, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• Opinion: Automotive leadership in a post Covid-19 world
• ETAutoTV: Tata Motors' approach to seamless design and development in Covid times
• Opinion: Zooming into the New Normal for automobile industry
Top Stories
• Passenger vehicle sales crash to decades low in May
• Passenger vehicle demand may drop by almost a quarter in FY21 due to lockdowns: ICRA
• Truckmaker Scania signals lay-offs, has 5,000 more staff than needed
• What Rs 3 lakh crore relief? 35% MSMEs are shutting down
• India Inc battles worker shortage, policy flip-flops
• Lockdown: Auto firms resume biz but just-in-time production model under strain HT MINT
• Nissan sees cost of quitting Barcelona at up to $1.7 billion
• A ventilator needs 5,000 parts, 300 assemblies: Maruti, M&M drove in different tracks to find them ET Prime
• Opinion | Too much inequality tends to retard economic growth HT Mint
• Is Car Repair Insurance Worth It? Forbes Advisor
• Vietnamese Conglomerate Vingroup Tests LG Chem Battery-Powered Electric Car For U.S. Rollout Forbes
• The New Future of Work in A Post-Pandemic World Forbes
• 15 Effective Strategies To Increase Employee Faith In HR Forbes
• Stage set for legal battle over fuel efficiency rules Automotive News
• GM, Ford using usual summer break to make up lost U.S. production Automotive News
• Geely's Polestar Plans China Showroom Expansion to Compete With Tesla: Sources Nytimes.com
Monthly Sales Report Card
• Maruti Suzuki domestic sales decline by 89% at 13865 units in May 2020
• Hyundai Motor India sales decline 79% at 12,583 units in May 2020
• M&M domestic sales decline by 79% at 9076 units in May 2020
• Honda Cars domestic sales crash 97% to 375 units in May 2020
• Hyundai global sales dip 39% at 217,510 units in May 2020
• MG Motor India sells 710 units in May 2020
• Hero Motorcorp records 83% decline in domestic sales at 112682 units in May 2020
• Royal Enfield sales decline 69% to 19,113 units in May 2020
• TVS Motor May sales down 81% at 58,906 units
• Ashok Leyland total sales down 89% in May at 1,420 units
• Mahindra tractor sales up 2% at 24,017 units in May
• Escorts tractor sales fall 3.4 % at 6594 units in May 2020
Industry
• Industries suffer due to exodus of migrant workers
• Japanese companies evince interest in making further investments in Haryana
• Govt approves Rs 50K crore equity infusion for MSMEs
• Fiat Chrysler to list robot-making unit Comau
• BMW India resumes operations post temporary suspension due to lockdown
• Buffett-backed BYD to supply EV batteries to Ford
• Rupee settles 8 paise higher at 75.54 against US dollar
• Sensex, Nifty surge over 2% as economy set to reopen
• Global Economy: Asia's factory pain worsens as China's recovery fails to lift demand
• Companies await pick-up in demand to boost manufacturing
• Gadkari assures MSMEs of help in securing loans
• India's factory slump deepens in May, headcount slides: PMI
Passenger Vehicle
• US court refuses to shield Volkswagen in diesel scandal lawsuits
• French carmakers see signs of recovery despite sales plunge
• Electric and automated cars on Audi's radar
• Kia Motors introduces updated Seltos, price starts from Rs 9.89 lakh
Two Wheelers
• HMSI launches updated CD 110 Dream BS-VI, price starts from Rs 62,729
Auto Components
• Amara Raja ties up with Gridtential Energy for bipolar battery technology
• Amara Raja Batteries net profit up 37 percent during FY20
Tyres
• JK Tyre launches operations in US
Oil & Lubes
• Petrol sales down 36.5%, diesel down 31% in May; improves from April
 
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