Morning Daily - 2020-06-05

ETAuto Newsletter | Friday, June 5, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Lockdown in India is draconian, flattened the wrong curve: Rajiv Bajaj
• Coronavirus impact: Auto industry may fall out of gear this fiscal
• Competition commission approves PSA-FCA merger
• Indian auto market to recover faster than others: SS Kim, Hyundai Motor India
• Government seeks suggestions to amend motor vehicle rules for DLs, defective vehicles recall
• Over 70% small businesses look at cutting jobs to sustain themselves: AIMO Survey
• Premium car buyers opt for moratorium while mass segment stays away
• Inside Boschs measured e-mobility move: EVs need less parts, their makers building tech in-house ET Prime
• N Chandrasekaran seeks to rewire Tata Group for post-Covid world
• ETAutoTV: Digital revolution is making product development process harder: Sandeep Sovani
• Delhi's diesel sales drop 79% in May due to higher VAT
• Indian automakers rev up factories and incentives to exit slump Nikkei Asian Review
• Luxury carmaker Bentley to cut about 1,000 jobs in UK amid virus outbreak, BBC reports
• Nissan recalls nearly 1.9M cars for pesky hood latch problem
• Turning adversity into opportunity HBL
• Why Cummins India thinks the damage to economy is self-inflicted HBL
• Limited edition luxury is back in fashion HBL
• BPCL to slash FY21 capex by 36% amid covid-induced stress HT MINT
• Despite weak outlook, open offer to support Wabco India's stock price Business-standard.com
• The Off-Lease Used Cars Having The Highest And Lowest Death Rates Forbes.com
• Pathways To Adoption For Autonomous Driving Infrastructure Forbes.com
• Carmakers Launch New Models Amid Lockdown Forbes India
• Auto recovery may take years, with $72 billion in new debt to pay off amid projected sales slump Detroit News
• Against the odds: Detroit 3, foreign transplants play to strengths in COVID crisis Detroit News
• The New Interim Economy: How Employment Has Dramatically Shifted Forbes
• OTTO Motors raises $29M to fill factories with autonomous delivery robots TechCrunch
• Netherlands Has New EV Incentives: 4000 Off New EV, 2000 Off Used EV - Till 2025! CleanTechnica
• Tesla Working On 12 Person Vans For The Boring Company CleanTechnica
Monthly Sales Report Card
• Sonalika Tractors sale up 18.6% at 9,177 in May
Industry
• A second migrant worker crisis may be boarding Shramik Express
• Industries face manpower crunch despite relaxations
• Government mulling making large firms disclose MSME dues: Nitin Gadkari
• Tamil Nadu CM writes to global auto companies to invest in state
• FDI in non-bank lenders needs to be explored for greater support to MSMEs: Gadkari
• Germany unveils 130-billion euros stimulus to kickstart virus-hit economy
• Bank NPAs may worsen to 11.6% by end of this fiscal due to coronavirus pandemic: Report
• The road ahead turns darker for India, Asia's virus hotspot
• Uday Kotak against waiver of interest during moratorium period
• Tata AIG launches telematics-based motor insurance to save premiums
• Production of bikes, cars begins in Rajasthan in unlock-1
• Rupee slips 15 paise to 75.62 against US dollar in early trade
• Sensex surges over 200 points; Nifty tests 10,100 level
• View: India should use migrant labour crisis to transform economy, society
• FIEO seeks quarantine order revision for drivers after crossing international border
• Moodys downgrade: Can Modi turn it into a 1991 moment and respond?
• Ex-UAW chief pleads guilty to embezzling $1 million in union dues
Passenger Vehicle
• Ford's China ventures increase May sales as market rebounds
• Hyundai unveils 2021 Santa Fe SUV
• Skoda Volkswagen aims for carbon neutral car production in India by 2025
• German car sales slashed by half in May
• GM plans electric van for business users in bid to pre-empt Tesla
Commercial Vehicle
• 50% private bus fleet in Kolkata hits road today
• Ashok Leyland launches AVTR range of BS-VI compliant modular trucks
• Private transporters announce suspension of truck, tanker services in J&K
Two Wheelers
• eBikeGo introduces subscription-based electric bicycles for delivery executives
Aftermarket
• BMC partners Uber to automate ambulance services
Auto Technology
• Autonomous vehicles won't make roads completely safe: Study
Oil & Lubes
• Oil price dips on uncertainty over producers' commitment to output cuts
• Gujarat government mulling hike in VAT on fuel to increase revenue
• BPCL sees petrol, diesel demand returning to pre-Covid levels in July
• India saves Rs 5,000 crore on filling strategic oil reserves
 
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