Morning Daily - 2020-06-16

ETAuto Newsletter | Tuesday, June 16, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Tata Motors reports Rs 9,863.75 crore loss in Q4
• No sale & registration of BS-IV vehicle permitted in country: SC
• Tata Motors owned JLR plans over 1,000 job cuts
• It's business as usual for Mahindra in US, despite losing Jeep trade case
• Time is appropriate to look for partners for passenger vehicle business: Tata Motors CFO, P B Balaji
• MSMEs face an existential crisis: Report
• An auto-industry recovery appears far away. Vehicle-carrier companies are drastically scaling down. ET Prime
• MG Motor India to start Hector Plus MPV production
• COVID-19 wil have short-term impact on EV sales: Lux Research
• Lockdown in Tamil Nadu likely to impact production operations of some vehicle manufacturers HT MINT
• Tractor segment shows hopes for M&M; plans to exit loss-making businesses positive
• A Peek inside Data Driven Autonomous Future
• Eicher Motors to witness gradual recovery in the second half of FY21: Brokerages Livemint
• Opinion | A better way to rescue MSMEs from the tyranny of thresholds HT Mint
• JLR sees green shoots of sales revival in China Livemint
• "The Swift gave us the understanding and the experience needed to come up other winning vehicles for the Indian market" @businessline
• How one Indian industry beat China at manufacturing and created a global footprint Moneycontrol
• GM CEO Optimistic on U.S. Demand, China, EV Profitability Nytimes.com
• Tesla Negotiating Incentives for Possible Texas Vehicle Assembly Plant, Report Says Nytimes.com
• What Is Rental Reimbursement Auto Insurance? Forbes Advisor
• How a China's battery giant CATL came out of nowhere Automotive News Europe
• 15 Things Effective Leaders Do With Extreme Consistency Forbes.com
Industry Reports
• The Electric Vehicle Inflection Tracker: 2020 Edition
Industry
• As work dries up at Jawahar Autonagar, labourers hope for financial assistance
• UAW chief, prosecutor to discuss reforming union
• FM meets private banks, NBFCs to ensure liquidity to MSMEs
• Canada April factory sales plummet record 28.5% but May data should improve
• Spain launches package to shore up auto industry
• Morgan Stanley economists double down on V-shape global recovery
• Covid challenge of London's transport
• Indonesia auto sales plunge 96% in May
• Rupee slips 13 paise to 75.97 against US dollar
• US to unveil voluntary self-driving testing data-sharing effort
• Charging points surge ahead of electric car boom
• Sensex losses 700 points, Nifty below 9,800
• China's factory output perks up but consumers stay cautious
• Allcargo expects to be debt-free with Blackstone deal closure
• Japan's Abe vows fiscal reform after economy overcomes virus hit
• UP MSMEs flag loopholes in skill mapping database of migrants
Passenger Vehicle
• Carmaker PSA cuts back on transfer of Polish workers to French plant
• Nissan banks on new Rogue small SUV to begin US comeback
• Nissan email trail casts new light on takedown of Carlos Ghosn
• Porsche India launches Panamera 4 10 Years Edition, priced at Rs 1.6 crore
• Tencents China car deal defies and disappoints
• Tesla's China car registrations up 150% month on month in May
Commercial Vehicle
• Jaisalmer private bus owners protest, demand 6-month tax waiver
• Commercial production of e-auto resumes at KAL
• Bus operators to focus on peak hours to meet demand
Two Wheelers
• Royal Enfield unveils apparel range & riding gear for women, starting at Rs 700
• Ampere Electric launches Magnus Pro electric scooter, priced at Rs 73,990
Aftermarket
• Visakhapatnam: Race to buy cars, bikes in city; auto dealers rejoice
• LetsTransport raises Rs 10 cr from Stride Ventures
• Bounce ties up with CredR to provide refurbished 2-wheelers to customers
Auto Components
• Another steel plant coming up in Andhra Pradesh
Oil & Lubes
• British Petroleum to write off up to $17.5 bn after reduced oil price forecast
• Fuel price hike causes trouble for commuters in Delhi
• Petrol price hiked by 48 paise/litre, diesel by 23 paise; ninth straight day of increase
 
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