Morning Daily - 2020-06-25

ETAuto Newsletter | Thursday, June 25, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• ETAuto Exclusive: Diesel demise? Definitely!
• ETAutoTV: Rebooting engineering value chain for EV and its smart subsystems
Top Stories
• Nissan announces a four-year business plan for Africa, Middle East and India
• Transport ministry scraps bulk data sharing policy
• Indian auto component industry aims to cut dependence on Chinese imports: ACMA
• For the first time, diesel costlier than petrol in Delhi
• Labour shortage at MSMEs has to be addressed: Sunjay Kapur HT MINT
• Mercedes-Benz cars to be built on Nvidia autonomous driving platform from 2024
• Butschek has the humongous task of steering Tata Motors through the current precarious situation ET Prime
• Toyota recalls 752,000 Prius models over engine stall problem
• Auto exposure to drag Schaeffler's growth this year as vehicle sales drop Business-standard.com
• Hero MotoCorp hits over seven-month high; stock surges 56% in 3 months Business-standard.com
• Fords F-series cash haul ranks near iPhone among US products HT MINT
• Why Is Spain Throwing Away The Opportunity To Go For Full Electric Mobility? Forbes
• Uber Drivers Stage Protest Outside Uber CEO's House In San Francisco Forbes.com
• 'Continuing the legacy:' Ford F-150's roots go back to early 20th century Detroit News
• Electric Shuttle Vans Now In Service In Sacramento, California CleanTechnica
• How Technology Will Create These 7 Jobs In The Future Forbes
Industry Reports
• Covid-19 impact on economy, corporate revenue and profitability
Policy
• Indian customs may start inspection of all imports from China at ports and airports
Industry
• Ludhiana: Up to 50% shortage of labour for road construction work, projects delayed
• Gadkari launches scheme to provide Rs 20,000 cr guarantee cover to MSMEs
• Detroit automakers take big steps in annual quality survey
• Hinduja brothers fight over letter dividing $11 billion fortune
• It may take auto hub 6 more months to run in top gear
• CAIT exhorts India Inc to join its campaign to boycott Chinese goods
• US agency probes touch-screen failures in Tesla Model S
• Revenue of road EPC companies to degrow 8-10% this fiscal
• Rupee opens 5 paise up at 75.60 against US dollar
• Nifty, Sensex rise as upbeat earnings lift sentiment
• Government aims to develop indigenous, low carbon transport system: Nitin Gadkari
• Maharashtra govt to simplify process to set up industries: CM Thackeray
Passenger Vehicle
• U.S. probes Kia headlight failures, GM steering issues
• Italy approves guarantees for $7.1 billion loan to Fiat Chrysler
• Tesla plans battery manufacturing facility under project 'Roadrunner'
• VW's Europcar takeover would be a rough round trip
• Toyota holds $293 million stake in Uber, governance report shows
• Toyota Kirloskar Motor to sell Yaris on Government e Marketplace
• Volvo Cars partners with Plugsurfing for EV charging network
• UK car sector warns one in six jobs in virus danger
• Hyundai Elantra sedan gets new diesel engine, priced from Rs 17.60 lakh
• Maruti Suzuki launches new customer loyalty program
• Japan car sales recovering after big fall in April, May
Commercial Vehicle
• Pence to reveal electric truck at former GM plant in Ohio
Two Wheelers
• HMSI launches BS-VI Grazia 125 scooter, price starts at Rs 73,336
Aftermarket
• Ola to provide protective screens, fumigation for partner autorickshaws
• California wants judge to classify Uber, Lyft drivers as employees
• Yandex to raise $800 mln from share issue, to end JV with Sberbank
Auto Components
• Aluminium association urges government to remit export duties and taxes under RoDTEP scheme
• India levies charge on some steel imports from China, Korea, Vietnam
Tyres
• Bridgestone India introduces contactless tyre servicing
Oil & Lubes
• Oil prices hold ground after sharp retreat on virus fears
• Petrobras to receive offers for Bahia refinery on Thursday
• With contracts canceled and debts mounting, offshore oil drillers face another shakeout
• Indian Oil expects refineries to operate at full capacity by July-end
• Oil prices transitioning to next phase of cycle
 
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