Morning Daily - 2020-07-02

ETAuto Newsletter | Thursday, July 2, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Auto Sales Analysis: Domestic sales in red; consumer sentiments recover in June 2020
• Porsche India Head Pavan Shetty Quits
• Tata Motors domestic sales tank 82% to 23,845 units in Q1 FY21
• Tesla overtakes Toyota as the worlds most valuable automaker
• India to ban Chinese companies from highway projects: Nitin Gadkari
• Volvo recalls over 2 million cars over seat belt fatigue
• Tesla threatens firing if workers don't return to jobs
• Bounce lays off 130 workers as Covid-19 hits mobility business
• Cashless treatment scheme soon for road accident victims with Rs 2.5 lakh cap per case
• German authorities search Continental, Volkswagen as part of diesel probe
• Lincoln kills Continental, goes all-in on utilities Automotive News
• Tesla's Shanghai plant might have rescued Q2 results, analysts say Automotive News
• French June Car Sales Show First Monthly Gain Since Virus BloombergQuint
• China's HiRain Technologies raises $30m for self-driving tech Nikkei Asian Review
• TuSimple kicks off plan for a nationwide self-driving truck network with partners UPS, Xpress and McLane TechCrunch
• BMW wants to sell you subscriptions to your car's features TechCrunch
• How Emotional Regulation Can Lead To Consumer Satisfaction Forbes.com
Monthly Sales
• Maruti Suzuki domestic sales decline 54% at 52,300 units in June 2020
• M&M June 2020 total sales decline 55% to 19,358 units
• Hyundai Motor India domestic sales fall 49% at 21,320 units in June 2020
• Toyota Kirloskar Motor total sales down 66.10% in June 2020 to 3,866 units
• MG Motor India sells 2012 cars in June 2020
• Hero MotoCorp domestic sales fall 27% in June 2020; reaches 90% of pre-covid levels
• Honda Cars India domestic sales fall 87% at 1,398 units in June 2020
• Royal Enfield domestic sales down 34% to 36,510 units in June 2020
• TVS Motor June sales drop 33% to 198,387 units
• HMSI's 2-wheeler sales jump fourfold to 2,10,879 units in June
• VECV total sales drop 70% in June at 1,358 units
• M&M domestic tractor sales up 12% at 35,844 units in June
• Escorts domestic sales jump 23% in June on pent-up demand
Industry
• Government launches Rs 30K cr special liquidity scheme for NBFCs
• World Bank to give USD 750 mn support to small biz; lauds govt's MSME support package
• June GST collections stand at Rs 90,917 crore
• Kerala State Electricity Board shortlists 8 agencies for setting up EV charging stations
• German manufacturing contraction eases in June
• Long road ahead for export recovery: Report
• COVID-19 impact: Moody's downgrades $130 billion worth of automakers debt
• India's June jobless rate falls to 11%, says private think-tank CMIE
• New North American trade deal launches under growing threat of disputes
• Sensex, Nifty tick up but virus fears linger
• Pandemic sinks Japan business mood to lowest since 2009 crisis
Passenger Vehicle
• Fiat Chrysler, Hyundai quarterly U.S. auto sales slump on virus hit
• Tesla market milestone puts Elon Musk pay in overdrive
• Automakers tout consumer 'resilience' despite COVID-19 hit to U.S. auto sales
• Turkish competition board launches probe into Audi, Porsche, VW, Mercedes-Benz and BMW
• Tesla removes batteries from scaled-back Berlin factory plans
• Volkwagen drops plan for Turkey factory
• Japan's new auto sales skid 23% YoY in June
• Chinese EV startup Byton to suspend production from July 1 for reorganisation
• GM SUV plant in Texas still open after UAW seeks closure during coronavirus outbreak
• GM must repay $60 million in state tax credits, Ohio AG says
Commercial Vehicle
• Operators relent, WB private buses to resume services from Thursday
• Force Motors delivers over 1000 Traveller Ambulances to Andhra Pradesh Government
Two Wheelers
• Ather Energy ties up with CredR for 2W exchange program
Aftermarket
• Uber extends mask requirement for drivers, riders, launches new campaign
• Cab drivers in Madrid protest amid low post-outbreak demand
• Ride-hailing service Bolt expands to electric bikes with Paris launch
Auto Components
• Ludhiana's auto parts manufacturers demand reduction in GST from 28% to 18%
Auto Technology
• Continental to develop AI-based automated driving algorithms under PRORETA project
Oil & Lubes
• Oil prices dip on demand worries as California reimposes restrictions
• Fuel demand gradually returning to pre-COVID levels: Govt
• Petrol, diesel prices go for a longer pause
 
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