Morning Daily - 2020-07-01

ETAuto Newsletter | Wednesday, July 1, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Maruti and Hyundai aim 2020 output at 70% of 2019
• ETAutoTV: Compact SUVs to gain traction in Covid-era, says Zac Hollis, Skoda Auto India
• Present scenario an opportune time for industry to re-invent itself: Pawan Goenka
• Content Per Vehicle strategy helps parts maker Endurance beat slump
• Andhra Pradesh govt retrieves land from Amara Raja, TDP cries harassment
• Auto component industry revenue to drop by 16% in FY'21: CRISIL
• When cash-burn puts a hole in empathy: IndiGo bites layoff bullet after a roundtrip of flip-flops ET Prime
• Geneva Motor Show 2021 cancelled over Coronavirus crisis
• Harman appoints Prathab Deivanayagham as Country Manager for India
• Drive to survive: The role of automotive supply chain finance in helping the industry's comeback globally - Audio interview
• Subsidiaries of Indian firms in China get caught in crossfire HT MINT
• Global PE firms eye India's auto components sector Livemint
• Tractor sales likely to be tad lower this fiscal on normal monsoon: CRISIL
• Bounce to lay off 22% employees HT MINT
• New motor insurance scheme lets you pay premiums only when you drive Livemint
• Opinion | If India could do manufacturing as it does services HT Mint
• UAW Asks GM to Shut Down Texas SUV Plant as Covid Cases Soar News.bloomberglaw.com
• Tesla's China Plant Might Have Come to the Rescue Last Quarter BloombergQuint
• Byton, strapped for cash, suspends output to reorganize Automotive News
• FCA Brands' Values Re-Emerge In Advertising For Post-Covid Era Forbes.com
• Global Pandemic Won't Stop The Switch To Electric Cars Forbes
• How FCA Busted Away From Its Past To Gain Top Spot In Quality Awards Forbes
• Tencent-backed Momenta begins robotaxi trials this fall Nikkei Asian Review
• Lyft's self-driving test vehicles are back on public roads in California TechCrunch
• 10 Steps To Get The Most Out Of Your Multicultural Team Forbes
Industry
• UAW leader, U.S. prosecutor discuss independent oversight for union
• Japan and Britain aim for trade deal by end-July
• Automakers may avoid compliance penalties under new North American trade pact for a year
• Foreign exchange reserves up by $64.9 billion in FY20
• New process for MSME registration begins July 1 onwards
• Rupee gains 7 paise to 75.51 against dollar on weak crude oil
• Coronavirus strikes down global M&A as companies keep their distance
• Covid-19 to impact electric vehicle market?
• Fitch cuts India growth projection to 8% for FY22; economy to shrink by 5% this fiscal
• Core sector output contracts by 23.4% in May
• India's fiscal deficit touches 58.6% of annual target in two months
• Ex-UAW president repays union $55k for travel expenses
• Governments relief measures to boost roads companies
• Sensex gains 200 points, Nifty nears 10,400
• Japan factory output slumps as economy sinks deeper in recession
Passenger Vehicle
• Honda Cars India teases new WR-V compact SUV ahead of launch
• Volkswagen ends shorter-hours scheme at German factories
• Citroen to start selling latest C4 model in fourth quarter
• Audi Q5 facelift breaks cover, to go on sale in late 2020
• Czech car production seen falling by 20% in 2020 due to coronavirus
• BMW to source battery cells produced using renewable energy
• JLR reveals 2021 Land Rover Defender Hard Top SUV
• Agnellis can win twice from EU auto merger probe
Commercial Vehicle
• Facing financial crisis, Uttarakhand transporters start surrendering vehicles
• Lorry owners protest fuel price hike, seek tax waiver
Two Wheelers
• Hero MotoCorp commences dispatches of Xtreme 160R, priced from Rs 99,950
• Mumbai: Two-wheelers comprise almost a quarter of impounded vehicles
• Bike maker cries foul as anti-car ad refused in France
• HMSI launches updated Livo motorcycle, priced at Rs 69,422
Aftermarket
• Slumping fleet sales weigh on U.S. auto market
• Uber bus just around the corner on post-pandemic public transit map
• BMW India opens new Facility NEXT in Cuttack
Auto Components
• Munjal Showa likely to see some financial impact of lockdown, to settle all liabilities in-house
• Pressured by coronavirus, Japan auto supplier Sanden Holdings files for debt relief
• Tata Steel slips into red, posts Rs 1,615.35 cr loss in Q4
• Steel imports worth Rs 20,000 cr avoided due to DMISP policy: Pradhan
Tyres
• Bridgestone ties up with Microsoft to develop tyre damage detecting system
Oil & Lubes
• Oil prices rise after sharp drop in U.S. crude inventories
• Ethanol production capacity may increase to 375-400 cr litres: ISMA
 
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