Morning Daily - 2020-06-08

ETAuto Newsletter | Monday, June 8, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• CCI rules Tata Steel, SKF, Schaeffler units colluded on bearings prices
• Huge job losses imminent if demand remains weak: ACMA
• Auto cos switch to top gear, hope to zoom past lockdown losses
• Two-wheeler segment may see double digit sales dip this fiscal: HMSI
• Mahindra's PV business seen under pressure due to increased competition Livemint
• BS-VI compliant vehicles to display green sticker
• This is your captain from the flight deck. On the left is my pay cut, and on the right, arduous hours. ET Prime
• Opinion: Auto ancillaries - Some thoughts on post Covid-19 response
• This is your captain from the flight deck. On the left is my pay cut, and on the right, arduous hours. ET Prime
• Petrol, diesel price hiked by 60 paisa per litre after 83-day hiatus
• EESL to set-up 2000 Electric Vehicle charging stations in 2020-21
• Trucks move into fast lane in May as curbs ease
• Self-driving sector contends its cars can prevent many more crashes than study says
• 2021 Jeep Compass breaks covers, debuts with hybrid engine
• Infrastructure not in place, electric bus project in 14 UP cities delayed
• When Volkswagen CEO praised Elon Musk's SpaceX success to motivate top execs Livemint
• Luxury cars go sustainable from the inside out Pilotonline.com
• HR's Compelling New Role In Response To The Coronavirus Forbes
• Technology Can Help Organizations Reduce Racism, But Will It? Forbes.com
• Drivelectric Kenya's Partnership With Food Delivery Firm Greenspoon Shows Why Electric Vans Are Perfect for Kenya CleanTechnica
Industry Reports
• Minus Five: India GDP growth outlook for fiscal 2021
Policy
• UK considers giving drivers up to 6,000 in new car scrappage scheme
• Only e-challan for flouting traffic rules across Uttar Pradesh
• Vehicles to be fined up to Rs 3,000 for violating lockdown norms in Chandigarh
Industry
• Consumers may spend less, seek value for money: Report
• When BMW-driven industrialists rode bullock carts to work
• US labour market unexpectedly improves; recovery years away
• FPIs invest Rs 18,589 cr in 1st week of June as market sentiment improves
• PSBs disburse Rs 8,320-cr loan to MSMEs under emergency credit line scheme
• No better time to bet on India than now: Adani Gas
• Indian lenders need capital to face virus, says Uday Kotak
• Guardians of the world economy stagger from rescue to recovery
• China May exports slip back into contraction, imports worst in four years
• Govt destroying economy by refusing to provide cash support to people, MSMEs: Rahul Gandhi
• Trump threatens EU, China tariffs over lobster duties
• View: To fix economy, change mindset - Moodys and other assessments of Indias economic outlook must set alarm bells ringing
• Covid impact: Unemployment rate to hit 8.5% if stimulus not widened, says Pronab Sen
• Indian economy picking up, Unlock 0.1 big positive: Chris Wood
• Unemployment rate in West Bengal lower than country: CMIE
• Supreme Court mulls granting 15 days to Centre, states for transporting migrant workers
• Non-implementation of 1979 law caused migrant worker distress during lockdown: NHRC
• Gati to return to profitability next quarter: Allcargo Logistics
Passenger Vehicle
• GAC delivers first all-electric vehicle GE3 overseas
• Inside BYD's next-gen Blade Battery Factory
• Volkswagen considering more cost cuts to cope with downturn
• Elon Musk flies to UK amid plans for giant Tesla gigafactory
• Audi launches project Artemis, aims an efficient electric car by 2024
Commercial Vehicle
• Rates & truncation of routes plague auto rides in Kolkata
• KSRTC loses Rs 86 cr during lockdown
• GST reduction, scrappage policy to help revive commercial vehicle industry: Ashok Leyland
• Mumbai: BEST, NMMT to carry officegoers from Monday
• Bengaluru: Transport staff worry about risks as Covid-19 cases rise
• No beef with Elon Musk, says multibillionaire Nikola founder
Aftermarket
• Mumbai: Dusty cars, bikes roll into garages; plastic sheet separators in demand
Auto Components
• Trichy MSMEs ready to make 16 components
• Swaraj Engines estimates loss of 9,500 units in Q1 due to lockdown
• Exide Industries reports lower top-line for Q4 FY20
• Faradion partners with Infraprime Logistics Technologies over sodium-ion batteries for commercial vehicles
Oil & Lubes
• Venezuela's new gasoline system fails to end epic lines
• IOC says Unlock 1.0 to revive fuel sales soon
• Indias biggest asset sale to attract China-wary oil majors
• OPEC, allied nations extend nearly 10M barrel cut by a month
 
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