Morning Daily - 2020-06-13

ETAuto Newsletter | Saturday, June 13, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Mahindra seeks to give up control of struggling unit SsangYong
• HCIL recalls 65,651 cars over faulty fuel pump
• M&M reports net loss of Rs 2,510 crore in Q4 FY20
• ETAutoCast: COVID-19 & changing consumer behavior - What auto companies need to understand
• Govt imposes curbs on import of certain pneumatic tyres
• US regulator sides with FCA in Jeep trade case against Mahindra
• 1,200 commercial pilot hopefuls have INR1,600 crore invested in training, but face waning job prospects. ET Prime
• Diesel costliest in 19 months, Petrol since Jan
• NHAI becomes first construction sector organisation to go 'fully digital'
• Honda resumes production at plants hit by suspected cyber attack
• Eicher reports 45% dip in PAT for Q4 FY20
• ETAutoTV: Role of Simulation in Tyre Design & Development for EVs, discusses N Pradeep Kumar, Apollo Tyres
• Ashok Leyland expects market conditions to remain volatile due to coronavirus pandemic HBL
• Honda Hackers May Have Used Tools Favored by Countries Nytimes.com
• Automation enables Indian organisations to wade through logistics issues exposed by covid-19 HT MINT
• Automakers might not recover from the coronavirus until after 2025 Axios
• Europe's Coronavirus-Hammered Auto Business Stabilizes; Hopes For Healthy Recovery Forbes.com
• Morgan Stanley Cuts Tesla to Underweight Amid China Risks Bloomberg.com
• Rethinking Encryption To Enhance Security And Utility Forbes
Industry Reports
• Coalition for Lightweight Materials
Policy
• Berlin mulls mandatory bus tickets to get cars off the streets
Industry
• Chennai: Rumours of new lockdown make bizmen anxious
• Brazil manufacturers seek to skirt shutdowns as coronavirus surges
• Covid impact: US manufacturers struggle to keep workers in face of weak demand
• Limited range and charging infrastructure remain significant barriers: Research
• Tesla at $1,000: too much too soon for some analysts
• GST Council eases compliance burden for businesses
• Slow transmission of bank rate cuts impacts returns on HAM road projects: India Ratings
• Knocked down by virus, auto shows adapting to remain relevant
• India's forex reserves cross half-a-trillion mark for first time
• People's movement from 9 pm-5 am prohibited; buses, trucks can ply on highways: MHA
• Factory output crashes record 55.4% in April, govt says inappropriate to compare with earlier data
• Police in Mumbai get self-balancing personal transporters
• Escalating new COVID-19 cases pose further downside risk to economy: IHS
• Covid impact: Industrial production in Mexico plummets
• US-China trade deal impacted by coronavirus
• Rupee tanks 31 paise, slips below 76 per dollar level in early trade
• Sensex, Nifty fall over 2% as virus cases surge
• Acko to offer accident, medical insurance to Shadowfax's delivery partners
Passenger Vehicle
• Ford Mustang Mach-E revealed in new colour scheme
• Vietnam car maker Vinfast launches Australian R&D centre
• Volkswagen, Audi on hold as Mexico's Puebla state not ready to reopen
• Hyundai announces four-day shutdown at its Chennai plants
• Renault rattled by threat from imports of Chinese electric cars
• Toyota vows to remain profitable as pandemic hits auto industry
• Maruti Suzuki introduces S-CNG variant of BS-VI Celerio, priced from Rs 5.36 lakh
• Japan wants US to extradite Americans who helped Carlos Ghosn flee
Commercial Vehicle
• No check on Covid rule breach by auto drivers in Nagpur
Two Wheelers
• Triumph launches Bonneville T100 & T120 Black Edition, price starts at Rs 8.87 lakh
Aftermarket
• Four Bengaluru drivers fleece lakhs from Ola using technology
Auto Components
• Tata Steel develops Covid quarantine and isolation cabins
Tyres
• MRF expects Q1 financials to be impacted due to COVID-19 pandemic
• Goodyear India Q4 net profit dips 52% at Rs 12.70 crore
Auto Finance
• Toyota offers zero downpayments for Innova Crysta, Fortuner
Oil & Lubes
• 'Sold!' Auctioneers race to unload oil equipment as US drilling dries up
 
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