Morning Daily - 2020-06-06

ETAuto Newsletter | Saturday, June 6, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• Covid-19 Impact: Creta is the largest selling product for Hyundai India
• ETAuto Original: Impact on sourcing due to mass exodus of companies from China
• Opinion: Auto sales post COVID-19 - The road to recovery
• ETAutoCast: COVID-19 & Auto sales: Is a rebound in sight?
• Beef up localisation to improve resilience of supply-chain: Industry experts
• ETAutoTV: Simulation & virtualization in automotive testing, describes M R Subrahmanya Karanth
Top Stories
• Kia Motors and MG Motor India consolidate leadership position in SUVs amid slowdown
• Jaguar Land Rover raises $705 million loan from Chinese banks
• Buses may be redesigned to suit post Covid rules: Ashok Leyland
• Tata Group not looking to monetise investments, has enough cash, says Chairman N Chandrasekaran
• Atlas Cycles shuts operations at last manufacturing unit
• Maruti Suzuki sells over 1 lakh CNG vehicles in FY20
• Inside Boschs measured e-mobility move: EVs need less parts, their makers building tech in-house ET Prime
• Greaves Cotton PAT falls 12.4% to Rs 148 crore in FY20
• Non-disclosure of monthly sales data irks Tata Motors' investors Business-standard.com
• AckoDrive enhances car purchase platform to push its e-services HBL
• Snowman Logistics swings to loss in Q4 and FY20 HBL
• Pune-based Clean Tech start-up h2e Power acquires Swiss Fuel Cell specialist Hexis AG HBL
• What's the euphoria behind Tata Motors stock? Livemint
• Amit Gupta of Yulu is riding the change Livemint
• Self-Driving Sector Contends Its Cars Can Prevent Many More Crashes Than Insurance Study Says Nytimes.com
• Brazil Overtakes Mexico in Auto Production in Pandemic Nytimes.com
• Unemployment Down; How Coronavirus Will Force The Auto Industry To Decide Where To Rehire Forbes
• BMW Should Spin Off Rolls-Royce To Take On Tesla Forbes.com
• How Business Leaders Can Step Up As Allies For The Black Community Forbes
• Europe's Virus-Infected Car Sales Fall Nearly 60% In May, A Big Improvement On Previous Month Forbes
• China leads global auto sales out of slump, while Japan lags Nikkei Asian Review
Industry Reports
• E-Two Wheeler: India Market Outlook
Industry
• State transport undertakings must adopt innovative operative models to improve financial health: MoRTH official
• German factory orders plunge, portending lean times ahead
• MSMEs yet to see money from loans sanctioned
• MSMEs facing difficulties in accessing COVID-related relief packages
• India's forex reserves surge to all-time high of $493.48 billion
• MPC minutes show RBI feels it may take years to repair economy
• Rupee closes almost flat at 75.58 amid crude shock
• US April trade deficit jumps to $49.5 billion on record export drop
• Government likely to release up to Rs 8,000 crore to road contractors
• Rupee rises 19 paise to 75.38 against US dollar in early trade
• Sensex rises 300 points; Nifty tops 10,100
• For US economy, the bottom may be here, but the rebound is slow so far
Passenger Vehicle
• Toyota to launch hydrogen fuel cell venture with Chinese auto firms
• Toyota to hike prices of Camry Hybrid, Vellfire from July 2020
• Volkswagen resumes deliveries of Golf 8 after software fix
• Bargain-conscious Americans lift used-car sales in the coronavirus economy
• Toyota to move teams to low-rental offices
• Maruti Suzuki invests over Rs 20 crores to commission 5 MW solar power plant in Gurugram
Commercial Vehicle
• DICV launches new heavy-duty tractor trailer
• Andhra Pradesh govt releases Rs 10k allowance to each of 2.62 lakh auto & taxi drivers
• RSRTC to extend its services to other states by next week
Two Wheelers
• Union threatens protests if Atlas Cycles doesn't reopen soon
• Ather Energy to roll out scooter exchange program
Aftermarket
• BluSmart completes 1.75 lakh zero-emission trips in Delhi-NCR
• Ola commits Rs 500 cr for safe mobility initiatives for riders, driver-partners
• UK car dealership motors out of virus lockdown
Auto Components
• TTP set to propel its growth by producing lithium titanate
• Nitin Gadkari exhorts steel players to eye bigger global share, tap opportunities
• Australia and India sign joint deal on critical minerals like lithium
• Tata Steel workers at Dutch plant vote to strike over job cut
• Indias steel demand to slump 18% due to coronavirus
Oil & Lubes
• OPEC+ to meet Saturday to discuss output cuts
• Crude oil futures rise on spot demand
 
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