Morning Daily - 2020-06-18

ETAuto Newsletter | Thursday, June 18, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• ETAuto Exclusive: Tata Motors likely to shelve project 'Drona'
• ETAutoTV: CXO Roundtable - Future of R&D and Manufacturing in Indian Automotive Industry
Top Stories
• Who's in charge at Nissan? COO's allies push to give him shared CEO role
• Auto industry to return to normalcy during festive season: Mercedes Benz India MD
• Truckmakers look for new export markets to sell BS-VI range
• GST rate cut for vehicles is a low-hanging fruit to drive demand: ACMA President @businessline
• Restrictions on tyre imports to curb inflow from China, help domestic industry: ATMA
• Roll back fuel price hikes, check corruption: AIMTC
• Maruti, Hyundai, et al. have a foggy view on demand. The way out: a tweak in the forecasting method ET Prime
• EU opens probe into proposed Fiat Chrysler, Peugeot deal
• On track to drive in 10 products this year: Mercedes-Benz India
• Maruti Suzuki steps up output as rural economy sees revival Livemint
• Audi bets big on pre-owned cars catching buyers eye HBL
• Tata Motors' turnaround plans likely to be impacted by Covid -19: brokerages Livemint
• Amara Raja Group takes to digital transformation with SAP solution across 6 group companies and 14 business verticals HBL
• Wheels India to go ahead with capex plan despite auto market slowdown HBL
• Used-Car Sales Rebound First, As Sonic Auto Reopens From Pandemic Forbes
• Lucid Motors To Unveil Production Version Of Air Luxury Sedan In September Forbes
• Thrifty Indians May Drive Used-Car Sales During Pandemic BloombergQuint
• FCA cancels summer shutdowns at several N.A. plants Automotive News
• All bets are off as Hertz pulls plan to issue $500 million in new stock TechCrunch
• Tesla's Gigafactories: The Company's Most Important Innovation? CleanTechnica
• The Need For A Shared Responsibility Platform As We Return To A 'New Normal' In The Workplace Forbes
Industry Reports
• Breakthrough Batteries: Powering the Era of Clean Electrification
Policy
• UP cabinet approves road tax relief to EV manufacturers, increases traffic fines
Industry
• Electric Vehicle market likely to register 2.5 million unit sales in 2020
• U.S. expects to start next phase trade talks with Japan in few months
• Finance Ministry nods to NHAIs Rs 50K crore SPV
• U.S. will act 'early and often' if problems arise under USMCA: Lighthizer
• Intense lockdown in Chennai: Autos and taxis allowed to ferry passengers from airport, railway stations
• World Bank announces 2-year conditional non-debarment of Indian company for corrupt practices
• NHAI expedites claims settlement through conciliation; Rs 13,349 cr claims settled for Rs 3,743 cr
• Low automobile sales in May hit insurers' premium income
• IMFs June update may show deeper contractions
• Increasing demand to enforce stricter road safety protocol & SOP in Chennai
• Government should loosen purse strings for swift economic recovery: Brickwork Ratings
• Rupee slips 5 paise to 76.25 against US dollar in early trade
• Sensex drops over 200 points; Nifty tests 9,850
• Japan's exports fall most since 2009 as U.S. demand slumps
• Labour panel set up for jobs, security of workers in UP
Passenger Vehicle
• Tesla kills three birds with one Congolese stone
• New BMW M5 makes global debut
• China's Geely Automobile moves towards mainland listing
• Mercedes-Benz India hints at EQC launch, says just weeks away
• New Honda City details revealed, launch in July
• European car sales show first signs of recovery
• European car sales show first signs of recovery
• Mercedes-Benz India launches GLS SUV, price starts Rs 99.9 lakh
• JLR unveils Range Rover Fifty Special Edition, limited to 1,970 units
• How Lamborghini navigated crisis with masks
• Tesla signs three-year pricing deal with battery cell maker Panasonic
• Iconic Ford Mustang Mach 1 makes inroads after 17-year hiatus
• Audi India planning to launch RS 7 Sportback soon
Commercial Vehicle
• MSRTC to carry goods too, modifying 3000 buses
Two Wheelers
• Scooters, e-bikes gain traction as virus lockdowns ease
• Bajaj Auto says achieved 10% growth in last decade
Aftermarket
• Parsoli Motors ordered to deposit Rs 1 lakh in NDF
• Lyft promises switch to 100% electric vehicles by 2030
Auto Components
• Wheels India's net profit registers dips in Q4
Auto Technology
• Driver free but virus free? Autonomous cars cars hit new speed bump
Auto Finance
• Maruti Suzuki partners with Karur Vysya Bank for vehicle financing
Oil & Lubes
• Oil prices drop on demand worries as coronavirus cases rise
• Petrol price up by 55 paise/litre, diesel by 60 paise; straight 11th day hike
 
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