Morning Daily - 2020-06-23

ETAuto Newsletter | Tuesday, June 23, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Industry leaders to come together to chalk out EV strategy in the post-COVID world
• Eicher Motors expects significant drop in sales
• ETAuto EV Conclave: Rebooting for a new world
• Yulu secures Rs 30 crore equity funding led by US-based VC firm Rocketship
• Indian EV segment likely to continue drawing investments: Report
• Maruti Suzuki launches S-Presso CNG variant, price starts at Rs 4.84 lakh
• Daimler may be planning an additional 10,000 job cuts
• Maruti sees V-shaped recovery in auto sales. But high prices, low affordability pose challenges. ET Prime
• Petrol price nears Rs 80 mark, diesel at new high after 16th price hike in a row
• China car investments for India in pause mode as tension mounts HBL
• Dassault Systemes appoints Laurence Montanari as Vice-President, Transportation & Mobility Industry
• Tractor makers buck the slowdown, expect volumes to increase 5-10% Business-standard.com
• Fiat Chrysler, PSA Should Revise Merger Terms, Investor Says BloombergQuint
• Toyota sees July vehicle output down 10% on initial plan
• Tesla Supercharges Africa's Cobalt Concerns With New Glencore Deal Forbes.com
• How To Build A More Resilient Cloud-Based Business Forbes.com
• Hyundai and LG Chem team up to invest in electric-vehicle and battery start-ups Washington Post
• Indonesia state company to acquire stake in nickel miner Nikkei Asian Review
• UAW training center reforms seek transparency, higher standards Detroit News
Industry Reports
• Indian Electric Vehicle segment might continue to draw investments
Policy
• Nevada to join other states in adopting California zero emission vehicle rules
Industry
• Lucknow cops seize 80 stolen cars
• UK factories suffer worst quarter on record: CBI
• Banks sanction over Rs 75,000-cr loans to MSMEs under credit guarantee scheme
• India's GDP to contract 3.1% in 2020: Moody's
• Haryana Police STF busts gang of vehicle thieves
• Maha govt to maintain status quo on MoUs with Chinese firms
• India can reduce $8.4 billion imports from China over fiscal FY22: Acuite Ratings
• More women take the wheel on the road to becoming aatma nirbhar
• Don't assign risk weight on credit under ECLGS: RBI to lending institutions
• China eases green rules for petrol-electric hybrids, giving makers space to maneuver
• Rupee rises 5 paise to 76.15 against US dollar in early trade
• China's auto sales to fall 10%-20% this year
• Sensex goes up, Nifty inch higher
• Andhra Pradesh: IoT devices to help MSMEs in state save big on power
Passenger Vehicle
• Fiat Chrysler accepts conditions for state-backed loan
• U.S. fights bail bid by men accused of helping Carlos Ghosn escape
• Toyota invests in Thai startup Synqa
• Aston Martin taps ex-Jaguar Land Rover CFO Kenneth Gregor as finance head
• Volkswagen to launch Nivus SUV on June 25
• BMW India unveils new logo
• No adverse financial impact due to coronavirus pandemic: Hindustan Motors
• Tesla Model S Long Range Plus becomes first 400-mile range electric vehicle
• Elon Musk says Tesla 'Battery Day' and shareholder meeting tentatively set for Sept 15
• Musk says Tesla Model Y with 7-seats coming in early Q4
• Italy close to announcing Fiat Chrysler's $7 billion loan
• China eases green rules for petrol-electric hybrids, giving automakers space to manoeuvre
Aftermarket
• Kynikos Associates closed Hertz short bet right before bankruptcy
• Zero-carbon takeaway? Spanish delivery start-up Glovo targets greener future
Auto Components
• Global steel output falls 8.7% in May, but China lifts production
• China's sliding metals inventories point to higher prices, V-shaped recovery
• Copper gains on supply woes, virus-led demand hit fears cap gains
Auto Technology
• Apple launches phone-based car keys, new features at developer conference
Automotive
• M&M launches Sarpanch Plus tractor in Maharashtra
Oil & Lubes
• Oil prices steady amid signs of demand coming back after coronavirus
 
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