Morning Daily - 2020-06-19

ETAuto Newsletter | Friday, June 19, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• M&M eyes PE funding for EV business
• Rising fuel price impacts already sluggish auto demand and consumer sentiment
• Moody's downgrades Tata Motors to B1; changes outlook to negative
• Hero Chairman Pawan Munjal invests in car service startup GoMechanic
• After Maruti and Hyundai, Toyota Kirloskar Motor employees test Covid-19 positive
• The electric car battery boom has screeched to a halt, for now
• Maruti, Hyundai, et al. have a foggy view on demand. The way out: a tweak in the forecasting method ET Prime
• Money-losing Mitsubishi says executives will take pay cuts
• Demand is improving but it will take time to reach pre-covid level: Gulf Oil Lubricants CFO
• Osamu Suzuki asks Maruti suppliers to built inventory fearing 2nd covid wave HT MINT
• Bajaj Auto to sharpen value quotient during Covid HBL
• Auto sector woes may intensify under stringent lockdown in Tamil Nadu Business-standard.com
• Mercedes-Benz India expects volume recovery only by Q4 Livemint
• Assembly lines at auto factories to halt to commemorate end of slavery BostonGlobe.com
• Asia's electric car sales drift into the slow lane Nikkei Asian Review
• Cummins Indias March quarter revenue declines 21 per cent HBL
• Going forward, being ambidextrous is the best bet HBL
• Opinion | Our economic interests must shape trade policy HT Mint
• Auto, Consumer Goods Firms Offer Help To Cushion Supply Chain From Virus Pain BloombergQuint
• Forced By COVID-19 To Adopt Online Selling, Dealers Gain Efficiency, New Survey Reveals Forbes.com
• Japan auto industry teams up for maximum benefit from trade deals Nikkei Asian Review
• Why You Need To Accelerate Your Digital Transformation Right Now Forbes
Industry Reports
• COVID-19 Lockdown: 5 Essential Aspects for the Auto Industry
Policy
• Uttar Pradesh to defer import duty on raw material
Industry
• Green cover along highways: NGT slams NHAI
• Government working on steps to cut import dependence on China, boost manufacturing: Sources
• Coronavirus raises stakes as auto unions ready for a fight
• Gadkari hopeful of India emerging as electrical vehicle manufacturing hub in 5 yrs
• Plenty of liquidity available in the system: SBI chairman Rajnish Kumar
• Automakers rev up US assembly lines, wary of outside risks to workers
• Border tension: Indore transporters to stop taking bookings from Chinese firms
• Rupee rises 7 paise to 76.09 against US dollar in early trade
• Sensex, Nifty flat with border tensions
Passenger Vehicle
• Audi boss to head carmaker's R+D division
• Ford's redesigned F-150 pickup will offer greater connectivity, sleeper seat
• Tesla wants to start building a new U.S. vehicle plant this summer
• Vans, not glamorous, but key as EU weighs autos mega-merger
• Chinas dominance in global EV market is based on its battery supply chain
• Anxious passengers feel self-driving cars not safe amid coronavirus
• BMW India offers new service and maintenance packages
• FCA India aims to expand used car business
• 2021 Lamborghini Urus gets Pearl Capsule design edition
• Glass Lewis joins ISS in opposing Tesla chairwoman Robyn Denholm's re-election to board
Commercial Vehicle
• Nikola founder exaggerated the capability of his debut truck
Two Wheelers
• Covid fear, restrictions, planned purchases driving vehicle sales
• Okinawa retails over 1000 e-scooters since resuming operations
• Ather 450 gets new OTA upgrade with Dark Theme and other new features
• Bajaj Auto launches Split Seat variant of Pulsar 125, priced at Rs 79,091
• 2020 Honda Grazia scooter teased ahead of launch
Aftermarket
• Ola unveils 'Ola Emergency' service in view of lockdown in TN
• New product, new business: Uber to sell software
• Carzonrent appoints Sudarshan S Sarma as CEO
Auto Components
• Amara Raja Group migrates to new enterprise platform
• EU must engage in lithium standards or lose to China, EU's Breton says
• Rane Group reports net loss of Rs 45.5 crore in FY'20
• FEV & Premier join hands for auto innovation
• ELGi upgrades compressed air system in the Netherlands
• Wheels India cast aluminium plant to go on stream in September
• Workers at Tata Steel unit in Netherlands go on strike
Auto Technology
• Ford to offer hands-free driving in 2021 - six years after Tesla
Oil & Lubes
• Oil prices inch up on faith in supply cuts, demand recovery
• Petrol price hiked by 53 paise, diesel by 64 paise; 12th straight day of increase
 
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