Morning Daily - 2020-06-24

ETAuto Newsletter | Wednesday, June 24, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• ETAutoEVC: India cant do away with Chinese imports as knee-jerk reaction
• ETAutoEVC: India is obsessed with its inability to manufacture cells, says Mahesh Babu
• Impact of USMCA on the global automotive supply chain: Audio interview
• ETAutoEVC: Tapping on EV thermal management solutions for India
Top Stories
• Maruti maintains pole position in PV sales in FY20, Tata Motors drops by 43%
• Government invites suggestions to amend MV Rules to defer BS TREM-IV norms for construction vehicles
• Auto suppliers see major challenges in OEMs' plan of ramping up production Livemint
• 17 employees of security agency deployed at Maruti's Manesar plant go missing after testing positive for COVID-19
• Chinese MoUs on hold, not scrapped, clarifies Maharashtra industries minister Subhash Desai Moneycontrol
• Hyundai, Kia and LG Chem join hands to invest in EV battery startups
• Car dealers buckle up: Consolidation and cost cutting are now inevitable. Maruti could lead the way. ET Prime
• Honda Cars India starts production of new City sedan
• Auto volumes likely to recover partially in H2 FY21: Fitch
• Towards an atmanirbhar auto components industry @businessline
• Hyundai Glovis India shutters container freight station operations in Chennai HBL
• Uber sees green shoots as services resume in more than 70 cities HBL
• Auto suppliers hit by rising sanitation and labour costs HT MINT
• With easing of lockdown, construction gear makers expect gradual rebound in the industry @businessline
• Daimler Plans Green-Bond Sale to Support Electric Mercedes Push Financial Post
• Tesla Pitches 5,000 Middle-Skill Factory Jobs to Texas County BloombergQuint
• New Mercedes-Benz Models To Be Software-Defined, Nvidia-Powered From 2024 Forbes
• SUVs More Likely To Kill Walkers Than Cars, Despite Design Changes Forbes
• Three Jaguar Land Rover employees in UK fall prey to COVID-19 Moneycontrol
• Carmakers in Southeast Asia are reluctant to hit the accelerator Nikkei Asian Review
• Lyft is using data from its rideshare drivers to develop self-driving cars TechCrunch
• Why Neglecting Company Culture Could Lose You Everything Forbes
Industry Reports
• Post Covid Future of Electric Vehicles Global and India
Industry
• China's Didi aims for 1 mln robotaxis on its platform by 2030
• Taxi, auto drivers in Uttar Pradesh waiting to return to Mumbai
• Govt can't be seen providing support all the time: Piyush Goyal to service exporters
• Mentioning 'Country of Origin' mandatory for selling on Govt e-Marketplace
• India puts restrictions to curb sale of 'Chinese' products to govt agencies
• Rupee rises 16 paise to 75.87 against US dollar in early trade
• Nifty, Sensex edge higher as financials rise
• Centre finalising norms of subordinate debt scheme for stressed MSMEs: Official
Passenger Vehicle
• US judge orders heads of GM, FCA to try to resolve GM racketeering lawsuit
• Fiat Chrysler close to green light for $7.1 billion state-backed loan
• Texas county may decide next week on Tesla tax deal; residents debate factory
• Volkswagen sees V-shaped recovery lasting into 2022
• Elon Musk tells Tesla staff to go 'all out' as Q2 ends
• Audi opens booking for RS 7 Sportback; deliveries to begin from August
• India-bound BMW 2 Series Gran Coupe launches in Philippines
• UK car sector calls for more government help to handle virus hit
• Scores of Volkswagen's Mexico staff test positive for coronavirus
Aftermarket
• FM Logistic India plans to add 40 lakh sq ft of warehousing space under operations in 3 years
• Volkswagen explores acquisition of car rental group Europcar
• Bumpy ride ahead for Ola, Uber as shared mobility companies face weak recovery
• Indonesian ride-hailing, payments firm Gojek to announce layoffs
Auto Components
• Lead gets lifeline as essential industries energise battery demand
• German battery market growth driven by on lithium-ion demand: ZVEI
• Three year old Amtek Auto case nears completion
• Tesla's reluctant commitment to cobalt a warning to others
• Copper recovers after Trump says U.S.-China trade deal still intact
• Hyundai partners with LG Chem over EV battery JV in Indonesia
Tyres
• US probing tyre imports from South Korea, Thailand, Taiwan, Vietnam
• Upside looks limited for Balkrishna Industries on slowing demand trend
Auto Finance
• HCIL partners with Axis Bank to offer long tenure finance schemes
Oil & Lubes
• Oil prices edges lower as U.S. stockpiles grow more than expected
• Oil refineries improve run rate; Reliance cuts crude processing for 3rd straight month
• Petrol price hiked 20 paise, diesel 55 paise, in 17th consecutive price hike
 
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