Morning Daily - 2020-06-09

ETAuto Newsletter | Tuesday, June 9, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• ETAutoTV: Shot to System is Significant: Martin Schwenk, Mercedes Benz India
• Changan Automobile to delay India entry by a year
• Investors concerned on Tata Motors' move to share sales quarterly
• The auto sector is almost like an orphan sector : Shriram Pistons & Rings Ashok Taneja on governments stimulus package HBL
• India is the number 3 market in the world: Sanjeev Sharma, MD, ABB India
• Ashok Leyland bets on rural infra to see demand for cargo carriers
• A million-mile battery from China could power your electric car
• Fiat, PSA merger hits EU roadblock, may need concessions: Sources
• Maruti Suzuki, MG Motor only firms to offer 5% average fixed dealer margins
• Hero MotoCorp launches online sales platform eSHOP
• Diesel models to continue to co-exist with petrol trims in BS-VI era: Honda
• MG Motor India partners with Tata Power to deploy Superfast chargers at select dealerships
• COVID-19: AIMTC warns of community transmission in road transport sector
• ETAutoTV: Future of R&D and Manufacturing in Indian Auto Industry
• 1,200 commercial pilot hopefuls have INR1,600 crore invested in training, but face waning job prospects. ET Prime
• ETAutoTV: Expect more from simulation to reimagine simulation: Bhavesh Kumar, Dassault Systemes
• M&M allots NCDs worth Rs 500 cr on private placement basis
• Import restrictions on Natural Rubber will turn tyre Industry uncompetitive, says ATMA
• Skoda-VW begins slow and steady drive to normalcy HBL
• As revenue declines, auto sales revival is key for Exide's growth Livemint
• Unlock 1.0 | Aligned approach to resumption of activities is need of the hour: Rajiv Bajaj Moneycontrol
• German Help For Auto Industry Too Weak And Will Require Top-Up; Report Forbes
• Vietnam's Richest Man Has a Plan to Save the Virus-Stricken World BloombergQuint
• Tesla Stock Cracks $900. It's All About Sales Growth in China. Barrons.com
• Auto show shutdowns lead to employment gaps Bizjournals.com
• Lordstown Endurance electric pickup to be unveiled this month Detroit News
• Think Like a Futurist: How to Chart Your Organization's Course Amid Crisis Forbes
• Ford's 2020 Escape plug-in hybrid takes aim at Toyota RAV4 Prime TechCrunch
Industry Reports
• Covid-19 impact on economy, corporate revenue and profitability
Industry
• Japan wants manufacturing back from China, but breaking up supply chains is hard to do
• RBI proposes easier securitisation, loan sale guidelines
• Economy to shrink 5% this year, fiscal stimulus not enough to support growth
• Ford re-evaluates office space in coronavirus world
• Tamil Nadu maps skills of returnees to find them work
• Global economy to plunge into worst recession since WW-II: World Bank
• Pvt banks delaying implementation of Rs 3-lakh cr MSME loan scheme: RSS-affiliated body tells FM
• German industrial output posts record plunge, no quick recovery in sight
• Rupee trades flat against the US dollar
• Sensex, Nifty surge over 1% as financials gain, lockdowns ease
• Personal mobility machine needs no help at Tokyo airport
• Sweden didn't lock down, but economy to plunge anyway
Passenger Vehicle
• Nissan CEO says focusing on making batteries more competitive
• Men accused of helping Carlos Ghosn flee Japan challenge U.S. extradition case
• Former Audi boss faces trial in September in dieselgate
• Volkswagen replaces Herbert Diess as CEO of the VW brand
• Mexican auto sector speeds to meet new trade rules as output falls
• Luxury automakers outpace China's May passenger car sales recovery
• Lamborghini India restarts dealership operations on June 8
• Tesla China sold 11,095 Model 3 vehicles in May, triple April's volume: CPCA
• Hyundai's new technology to help owners identify safety recalls
• Lexus postpones launch of fourth-generation IS sedan
• General Motors to donate $10 million to support racial justice
Commercial Vehicle
• BEST gets ready as Mumbai begins to unlock
Aftermarket
• Online used car seller Vroom raises $467.5 million in US IPO
• AckoDrive offers contactless platform for car buyers
• Uber launches hourly rentals for multi-hour, multi-stop needs
• Didi Chuxing CEO says ride sharing orders recover to pre-pandemic levels
• Nexus leads $3.3-m Series-A in Yolobus
Auto Components
• Steel Strips Wheel expects to reach 75% of pre-COVID-19 levels of production by September
Oil & Lubes
• Oil prices rise on OPEC+ cuts, record China imports
 
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