Morning Daily - 2020-06-30

ETAuto Newsletter | Tuesday, June 30, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• ETAuto Exclusive: After Changan Automobile, Haima also delays its India entry
• ETAuto Exclusive: June 2020 PV sales may breach 1-lakh mark; two-wheeler screech close to normal
• JTEKT expects normalcy in business by second half of FY'21
• ETAutoTV: Presentation on vehicle electrification by Rakesh Pandey, Siemens
Top Stories
• India plans incentives for auto companies to boost exports
• Coronavirus may hurt demand for 2-3 quarters this fiscal, will have to use all marketing lessons: Rahul Bajaj
• This ancillary company is beating the demand blues of two-wheeler makers
• ACMA fears supply chain disruption due to delay in clearance of Chinese imports
• Auto exports slump 73% in May due to lockdown disruptions: EEPC India
• Cyber attack on NHAI email server, no data loss
• Butschek has the humongous task of steering Tata Motors through the current precarious situation ET Prime
• As diesel, petrol reach price parity, Maruti bets big on CNG models HBL
• Talbros Automotive bags orders worth Rs 234 crore
• Minda Industries Q4 PAT tumbles 83% to Rs 13 crore
• With imports stuck at ports, automakers stare at further disruption in production HT MINT
• Here's How Much Getting A Traffic Ticket Will Boost Your Car Insurance Rates Forbes
• Nissan shareholders skeptical of recovery under new midterm plan Nikkei Asian Review
• The New Normal Is Not Normal (But You Can Still Work Through It) Forbes.com
Industry Reports
• E-Two Wheeler: India Market Outlook
Policy
• House Democrats lay out new roadmap for cutting U.S. greenhouse gas emissions
Industry
• Banks should prioritise loans to MSMEs with higher credit rankings under GECL: Report
• India's hiring activities holding up better than many economies: Report
• Rupee gains 7 paise to close at 75.58 against dollar on easing crude oil
• Strengthen decentralised manufacturing: ISED Report
• COVID-19 impact: RBI may opt for loan recast for select sectors
• EU, UK keen to step up the pace as trade talks resume
• Japan automakers' May global sales drop 38% as lockdowns weigh
• Sensex plunges 480 points tracking Asian markets
• Pakistan launches electric vehicle plan with cars in slow lane
• Maharashtra announces relaxation for public transport, certain restrictions to remain in place
Passenger Vehicle
• U.S. appeals court stays order requiring GM, FCA meet to resolve GM lawsuit
• Nissan to launch 7 models in Africa to pursue growth
• Automakers rev up discounts to beat coronavirus sales blues
• Elon Musk tells Tesla employees breaking even in Q2 will be tight
• Ford pauses U.S. social media advertising, calls for hate speech to be 'eradicated' from content
• Strong inquiries, increased preference for personal mobility to boost auto sales in July: Report
• Nissan officials face angry shareholders on red ink, scandal
• Austria to support purchase of electric cars with 5,000 eur from July
• This man accidentally bought 28 Tesla cars for 1.4 million Euros
• MG Motor India signs up 6 more startups under its Developer Program & Grant
• Nissan denies corporate conspiracy to oust ex-chairman Carlos Ghosn
• Nissan CEO repeats pledge to step down if he fails to deliver recovery
Commercial Vehicle
• Borrowing cash to pay road tax, say several truck owners in Tamil Nadu
• Mercedes-Benz eCitaro G set to assist emission-free local public transport
• Hyundai launches its first electric minibus County for Korean Market
• Private bus operators in Punjab unwilling to run service despite CMs nod
Two Wheelers
• HMSI commences delivery of 2020 Africa Twin Adventure Sports
Aftermarket
• Online used-car seller Shift to go public through reverse merger
• Uber's Middle East business Careem sees ride-hailing recovery next year
Auto Components
• Copper heads higher as coronavirus constricts Chilean supply
• Dutch Tata Steel workers strike at IJmuiden plant
• Visteon supplies digital cluster to new Creta SUV
Tyres
• MRF net profit jumps over two-fold to Rs 679 cr in Q4
Oil & Lubes
• Opec has cut oil output by 1.25 mbpd in June: Petro-Logistics
• Give us fuel subsidy, say Tirupur farmers
• Diesel price at new high as fuel prices hiked for 22nd time in just over 3 weeks
• Venezuela tightens grip on fuel stations after subsidy reform
 
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