Morning Daily - 2020-06-22

ETAuto Newsletter | Monday, June 22, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• ETAutoTV: Phygital & Brick-and-Mortar will co-exist in auto: Santosh Iyer; Mercedes-Benz India
• ETAutoCast: COVID-19 - How it has impacted the motor insurance industry
Top Stories
• Chinese auto companies to employ mostly locals at Indian units
• Women may rule the shop floor
• Daimler plans additional 10,000 job cuts, say reports Livemint
• AIMTC says 65% trucks sitting idle due to spiralling fuel prices, corruption
• Maharashtra freezes 3 Chinese projects worth Rs 5,000 crore
• Expect pre-owned car sales to increase: Mercedes-Benz India
• Maruti sees V-shaped recovery in auto sales. But high prices, low affordability pose challenges. ET Prime
• Bajaj Auto makes a surprising recovery
• Auto makers to focus on EVs once economy revives post coronavirus Livemint
• Auto firms cut back on overseas investments HT MINT
• PPAP Automotive Limited shuts operations at Tamil Nadu plant till June 30
• Low-value manufacturing is finally getting a boost: Amitabh Kant HT MINT
• The 'Boycott China' delusion @businessline
• How to reduce travel demand amid Covid-19 @businessline
• Finding alternatives to China not easy, caution auto manufacturers Business-standard.com
• Five Ways Productive People Manage Time Differently Forbes
• Thai startup raises $80m from Toyota and others amid pandemic Nikkei Asian Review
• Honda drives drastic R&D reforms to reverse slow auto business Nikkei Asian Review
• Land Rover carries load as Jaguar leaps into EVs Automotive News
• Mitsubishi signals it may pull back in U.S. Automotive News
• Santa Monica To Pilot Zero Emissions Delivery Zones CleanTechnica
Industry
• Higher exports, attracting investment focus areas for Narendra Modi
• Even in Unlock 1.0, worried migrant workers continue to move out of Gurugram
• No clause for free movement of vehicles without paying toll in Kerala: HC
• Govt seeks product-wise details from industry to curb cheap, low quality imports from China: Sources
• FPIs invest Rs 17,985 cr in June so far
• Inflation dog may finally bark, investors bet
• Need more ease of doing business for self-reliant India: CII
• Union demands removal of restrictions on cabs, autos in Mumbai
• No clarity if e-pass needed to travel within Chennai
• Covid-19 has upended a key management principle-or has it?
• Banks' disbursement to MSMEs rise over Rs 21K cr
• EPFO records 1.33 lakh new enrolments in April
• PM Modi launches employment scheme for migrant workers affected by coronavirus lockdown
• Govt invites suggestions to amend MV rules for pacts on vehicle movement in neighbouring countries
• Roaring U.S. auto sales spur JP Morgan to raise price targets
• Indore traders pledge to tear ties with China
• EU wants new deal with Brexit Britain, but "not at any cost"
• Punjab approves over Rs 1,037 crore incentives for industries
• Gujarat continues to attract investments, fuel industrial growth
• Post-crisis, India should increase its integration with the global economy
• Microfinance sector surges about 31% to Rs 74,371 cr in FY20
• PSBs disburse Rs 21,029-cr loan to MSMEs under credit guarantee scheme
• 88,000 MSME get loan clearance in Gujarat
Passenger Vehicle
• Kia Motors teases next-gen Carnival MPV ahead of global debut
• Renault has not asked EU's carbon reduction goals to be pushed back: Chairman
• Nissan and Sunwoda join hands for battery development
• BMW India appoints Vikram Pawah as President
• Elon Musk tweets Tesla postpones annual shareholder meeting
• Incoming Renault CEO says he's ready for turnaround challenge
Commercial Vehicle
• Bus operators at loggerheads with counterparts in neighbouring states; protest illegal smuggling of workers
• Private bus operators associations met expert committee to discuss fare hike
• CTU buses to have panic button, fuel sensor devices
• Kolkata: Private buses go off road as diesel price tops Rs 72
Two Wheelers
• Ampere Electric Vehicles posts 60% jump in retail sales since Unlock 1.0; sets up 10 dealerships
Aftermarket
• Online car platform Shift is in merger talks with insurance acquisition
Auto Components
• Soft underbelly in China's steel sector boom points to bumpier economic recovery
• Melexis showcases automotive-grade 3D Hall effect sensor
• Dharmendra Pradhan urges industry to use domestically produced steel
• Government to engage consultancy firm to draw action plan for steel sector revival
• Hella partners with Minth to form new JV, will develop radar-transparent covers
Oil & Lubes
• Oil edges up on tighter supply, but demand concerns check gains
• Diesel price hits record high after rates hiked for 15th day in a row; petrol up 35 paise
• India's May crude oil imports post biggest decline since at least 2005
• Asian LNG prices little changed as oversupply persists
 
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