Morning Daily - 2020-07-04

ETAuto Newsletter | Saturday, July 4, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• ETAutoTV: Motherson eyes more acquisitions in 6-8 months
• ETAuto Exclusive: Economic stress fails to bog down the Indian SUV lovers in June 2020
• ETAuto Exclusive: Ride-sharing not gaining momentum like auto sales in the 'Covid-Era'
Top Stories
• Chennai auto companies keep workers close to units; lodge them in halls, colleges
• Demand for small cars up, diesel loses out
• Domestic tyre sales rebound in June
• Don't need China or Chinese investments: Nitin Gadkari
• Motorcycle segment to perform better than other auto verticals amid pandemic: Fitch
• Hyundai India introduces intelligent Manual Transmission to Venue SUV
• Rural demand, small cars could revive auto sales: why Kia needs to tweak its urban-focused portfolio ET Prime
• Motherson Sumi shareholders start voting on restructuring with their feet Livemint
• Amtek Auto insolvency case inching close to resolution HBL
• Uber shuts Mumbai office; services for riders to remain unaffected
• Tesla's Overexcited Fans Should Cool Down a Little Finance.yahoo.com
• Volkswagen Group to introduce AI tech to boost production
• Tesla Market Cap Eclipses Bitcoin Forbes.com
• GM quietly helped company set up ventilator assembly line after a cold call Detroit Free Press
• Tesla is taking reservations for its Cybertruck in China TechCrunch
• Automakers withstand downgrade storms, for now Automotive News
• How Intelligent Automation Is Revolutionizing The Business World Forbes
Industry Reports
• Minus Five: India GDP growth outlook for fiscal 2021
Policy
• Italy to introduce subsidies to combustion engine cars to help industry
Industry
• Mumbai police start process of returning 34,000 vehicles seized in four days
• Banks disburse over Rs 50,000 crore loans to MSMEs under ECLGS
• Forex reserves up by $1.27 billion to $506.84 billion
• Irdai examining feasibility of insurers offering surety bonds for road contracts
• Corporates with adequate balance sheet strength may manage Covid impact: Report
• Rupee at over three-month peak; RBI in focus
• Sensex above 36,000 mark, Nifty at 10,600
• NHAI chairman Sukhbir Singh Sandhu gets six months extension
• Chhattisgarh attributes rise in automobile sale to Nyay
Passenger Vehicle
• Turkish suspect tells court Carlos Ghosn mused on Hollywood movie of escape from Japan
• Daimler seeks to sell French factory in production overhaul
• FCA, PSA stick to merger deal after dividend cut report
• German carmakers warn of 'unprecedented collapse' in sales
• Audi, EnBW to turn electric car batteries into grid support tools
• Fiat Chrysler considering options to cut amount of cash dividend in PSA merger
• GM delivered 713,600 units in Q2 in China
• Japan asks US to extradite men accused of helping ex-Nissan boss Carlos Ghosn flee
Commercial Vehicle
• Online tracking helps state rationalize bus services in Kolkata
• Registration of autorickshaws starts accelerating in Pune
• Lockdown effect: GMCBL suffers over Rs 8 cr revenue loss in 4 months
Aftermarket
• Indonesia's anti-trust watchdog levies $3 million in fines on Grab and partner
• Uber widens taxi app to Japan's Tokyo but ride-sharing still barred
Auto Components
• China's Guangdong Weihua to supply lithium to CATL
• Covid hits metal demand, prices: ICRA
• LG Chem to produce Tesla batteries in South Korea this year as demand grows: Source
Auto Finance
• Britain to extend pandemic relief in auto finance, high-cost credit
Oil & Lubes
• IIT-Hyderabad uses machine learning to study biofuel supply chains
• Petrol, diesel prices pause for 4th consecutive day
 
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