Morning Daily - 2020-07-07

ETAuto Newsletter | Tuesday, July 7, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• Has India run out of cars?
• Opinion: Enhancing the life of iconic brands for retaining market leadership
• ETAuto Exclusive: How will Clutchless Manual Transmission transform your driving experience?
Top Stories
• Lockdown in Aurangabad likely to impact production at Bajaj Auto and Skoda Auto Volkswagen
• Apollo Tyres to cut capex by Rs 400 cr this fiscal to preserve cash flow
• Covid-19 impact: 50% pay cut at Bajaj Auto's Waluj plant in Aurangabad Business-standard.com
• Honda Motor to revisit investment decision HBL
• NHAI to rank highways to ensure high quality roads
• Maruti, Hyundai may see increase in market share HT MINT
• Rural demand, small cars could revive auto sales: why Kia needs to tweak its urban-focused portfolio ET Prime
• Ampere acquires 74% stake in e-rickshaw company Bestway
• BOCI writes to IRDAI for extension of vehicle insurance validity
• TVS Motor sees rural markets driving revival in upcoming quarters Business-standard.com
• Bring down VAT on petroleum products to augment revenue: DPDA
• SSWL bags new orders worth over $1 mn from US
• Shriram Transport Finance okays rights issue to promoters for Rs 1,500 crore
• Elon Musk & Tesla: Solving Hardware Problems With A Software Mindset CleanTechnica
• Europe's Precipitate Car Sales Fall Slows, With France Posting A Lone Positive Forbes
• Who knew key fobs could be so valuable? Investigators accuse man of stealing almost 2,000 Detroit Free Press
• Appeals court strikes down order for Barra, Manley to meet Automotive News
• A Tech Tonic For Revival BW Businessworld
• Toyota reissues parts for classic James Bond supercar Nikkei Asian Review
• Mercedes-Benz 2021 S-Class jumps on the giant touchscreen bandwagon TechCrunch
• 14 Skills A Candidate For A Remote Job Should Demonstrate Forbes
Industry Reports
• Elevating human experience for automotive customers through digital transformation
Industry
• World Bank, India sign $750 million emergency response programme for MSMEs
• Toll road operators weigh arbitration to recover Rs 650 crore from NHAI
• NBFCs seek emergency credit line for individuals
• Brazil automakers expect auto sales to recover only in 2025
• Moderate rebound in German industry orders points to slow recovery
• India reviewing around 50 investment proposals from Chinese firms: Sources
• India has flattened Covid curve, green shoots have emerged: Finance Ministry
• ECLGS: NBFC body seeks addition to list of individuals seeking assistance
• Rupee rises 14 paise to 74.52 against US dollar in early trade
• Sensex rallies over 300 points; Nifty tops 10,700
• Once bitten, twice shy, firms in Greater Chennai unlock with fingers crossed
Passenger Vehicle
• Tesla shares surge 13% as strong deliveries drive profit optimism
• Ford's Bronco SUV bucking to take on FCA's Jeep
• UK new car sales post smaller slump in June on annual basis
• Hyundai India's online car buying platform received over 15 lakh visitors since March
• Renault India launches new RXL variant of Kwid hatchback, priced from Rs 4.16 lakh
• Ford's China ventures extend auto sales recovery in June
• MG Hector Plus booking open at Rs 50,000
• Tesla mocks shortsellers with sale of red satin shorts
Commercial Vehicle
• Hyundai Xcient Fuel Cell truck arrives in Europe
• Truckers raise tariff by 20-25% to keep up with fuel prices
• E-bus project: Kerala government ignored observations of task force
• Private bus operators oppose move to install driver cabins
Two Wheelers
• Hero MotoCorp presents 100 scooters to women officers of UP Police
• Covid-19: Unions fail to convince Bajaj Auto to shut unit
Aftermarket
• Uber scoops up Postmates for $2.65 bln in 'everyday' delivery push
• Luxury Ride signs Sukhbir Singh as brand ambassador
• What Hong Kongs pandemic experience taught Uber about other cities
Auto Components
• Copper rises on hopes of faster recovery in China, more stimulus
• Australia's Prospect Resources picks advisor for sale of Zimbabwe lithium mine
Oil & Lubes
• Oil prices inch higher on output cut support, but U.S. coronavirus spike caps gains
• Opinion: Higher fuel taxes, fewer subsidies are good policy
 
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