Morning Daily - 2020-06-04

ETAuto Newsletter | Thursday, June 4, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• ETAuto Exclusive: Indian auto exports stuck at Bangladesh border
• Bountiful monsoon, pent-up demand hints at strong recovery of tractor segment
Top Stories
• Renault India hikes employees salary upto 15% despite Covid-19 shock
• Auto dealers now hit RTO hurdle
• Coronavirus lockdown: Mahindra counts loss of 87,000 vehicles, 30,000 tractors in Q1
• Covid impact: Amara Raja Group announces up to 25% pay cut for employees
• RBI rate cuts should be passed on to customers: Maruti Suzuki
• Recovery can be faster if government gives incentives: Steffen Knapp, Director, Volkswagen Passenger Cars India
• Chinese auto players stare at uncertain times in Indian market
• Inside Boschs measured e-mobility move: EVs need less parts, their makers building tech in-house ET Prime
• Motor claims rise as India hits the road again
• Ola Electric steps up hiring
• Honda recalls 1.4M vehicles to fix faulty fuel pumps
• Amara Raja top pick among auto parts companies with high share of replacement market
• Digital platforms will provide dealers an extra channel for sales: automakers
• Hyundai expects more customers to buy cars though digital platforms HT MINT
• Covid impact: Auto dealers urge OEMs to hike profit margin as sales plunge Livemint
• Opinion | Self-reliant India needs a competitive economy HT Mint
• Bengaluru must create new policy framework to accelerate adoption of urban mobil Livemint
• Hyundai unveils next-gen Santa Fe built on 'Third Generation' architecture Moneycontrol
• The Toyota Venza Is Back-Here Are Five Reasons Why It Matters Forbes Wheels
• Ford F-150 Factory Workers Question Carmaker's Safety Controls BloombergQuint
• Ex-United Auto Workers Boss Pleads Guilty to Embezzlement Bloomberg.com
• US Car Rental Bankruptcies May Further Pressure Used Car Prices
• Nidec to set up motor R&D site in China amid Sino-US tensions Nikkei Asian Review
• AutoNation to cut 3,500 jobs permanently Automotive News
• Employee Well-being: The Role Of Front-Line Managers Forbes.com
Industry
• Uday Kotak takes charge as CII president
• Rupee jumps 32 paise to 75.04 against US dollar in early trade
• Sensex rallies over 500 points; Nifty reclaims 10,100 level
• Toyota, Bosch's Bidadi factories open, but work is far from normal
• Government eyes $17 billion investment proposals to boost local manufacturing
Passenger Vehicle
• GM, Ford turn to fast-payment programs to aid suppliers hit by shutdowns
• Geely's Volvo Cars sales soar 40% in May vs April as virus curbs ease
• Volkswagen rejigs Arteon line-up, to reveal on June 24
• Fiat to test automatic switch to electric mode for its hybrid cars in Turin
• Volkswagen India digitises used car business with Das WeltAuto 3.0
• Nissan warns UK plant 'unsustainable' without EU trade deal
• All 3 Detroit automakers workers test positive for COVID-19
• GM, Ford join US companies condemning George Floyd death, racism
• Hyundai launches end-to-end online car buying platform 'Click to Buy'
• Porsche showcases 911 Targa 4S Heritage Design Edition
• 2021 Toyota Corolla Special Edition debuts in North America
Commercial Vehicle
• Nikola aims to go public, following Tesla's footprint
Two Wheelers
• Covid-19 fight: Yamaha Management donates Rs 25 lakhs to UP CM Distress Relief Fund
• Hero Cycles eyes expansion as Europe chooses cycling lanes to evade virus
Aftermarket
• LetsTransport raises Rs 10 crore from Blacksoil
• Ride-hailing service Wheely risks Moscow ban in dispute over geolocation data
• WhatsApp, PayPal invest in Indonesian ride-hailing firm Gojek
• Lyft says May rides jump 26% from prior month
• Russia's Yandex may review its participation in joint projects
• Haryana issues guidelines for taxi, cab drivers
Auto Components
• Tata Steel to raise Rs 400 crore through NCDs
• Germany's Bosch to begin restarting operations in Mexico
• Bosch introduces automatic emergency call system for motorcyclists' rescue
Auto Technology
• South Korea's self-driving startup RideFlux take on tech giants
Auto Finance
• Bajaj Auto partners with HDFC Bank for financial schemes
Oil & Lubes
• Current prices shouldn't decide oil companies' economics: Dharmendra Pradhan
• Companies don't need city gas license to start LNG station, says regulator
• Oil price hits three-month high over hopes for output cuts
 
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