Morning Daily - 2020-07-08

ETAuto Newsletter | Wednesday, July 8, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• We are going back to a path of a high level of financial discipline: Anish Shah, M&M
• Bajaj Aurangabad plant workers to get 50% salary, only if they turn up on 8th and 9th of July
• Corporate rejig plan will take care of long-term requirements: CFO, Motherson Sumi
• ETAuto Webinar: Secure and effective ways of innovating and collaborating with automotive suppliers
• Booking trend is more in favour of smaller cars: Maruti Suzuki
• Regulatory support, charging infra must for fast EV adoption: Auto executives
• Rural demand, small cars could revive auto sales: why Kia needs to tweak its urban-focused portfolio ET Prime
• ETAutoTV: How automotive and energy sector is merging, describes Sandeep Kapoor, Keysight Technolgies
• Auto supply chain hit as covid cases climb in hub Aurangabad HT MINT
• M&M banks on Scorpio and Bolero to drive volumes in tough months HT MINT
• Auto firms plan more rollouts amid concerns over slowing economy Livemint
• Auto makers continue with new launches despite economic slowdown Livemint
• There is no change in our product launch schedule or capex plan: Kia Motors Business-standard.com
• Volkswagen management tumult spills over to truck subsidiary Automotive News Europe
• 'Like history repeating itself': Ford looks back to the Bronco to shape its future Detroit News
• Creating An HR Strategy For Hypergrowth Companies Forbes.com
Industry Reports
• The Electric Vehicle Inflection Tracker: 2020 Edition
Industry
• Mexico auto production, exports recover sharply in June from May
• NHAI starts bidding process for key 4-lane projects
• Review proposal for locals' reservation in pvt sector jobs: Industry to Haryana
• Rupee tumbles 25 paise to close at 74.93 against US dollar
• German production rebounds in May, but misses expectations
• Boycott of Chinese products should be done in calibrated manner: Traders' body
• Buses back on roads, but cabs vanish in Kolkata
• RBI checks rupees forward march
• Adani Logistics, Gateway Distriparks resolve dispute over Snowman deal
• Sensex rises over 100 points on firm global cues; Nifty above 10,750
Passenger Vehicle
• Ford seeks to extend maturities on $5.35 bn in loans
• EU antitrust regulators extend Fiat, Peugeot investigation to November 13
• US says Carlos Ghosn wired money to man who helped him flee Japan
• Elon Musk hints at new Tesla Gigafactory in Asia but not in China
• Cars, a cocktail and a celebrity: South Koreans succumb to Tesla fever
• Panasonic CEO says Tesla's Elon Musk a 'genius' who can be 'overly optimistic'
• US probes fuel leaks in GM's older Chevy Cobalt and HHR vehicles
• Ineos considers French factory for first vehicle, puts UK on hold
• Kia Motors crosses 50,000 unit sales mark for cars with connected features
• Jaguar Land Rover India begins delivery of new Range Rover Evoque and Discovery Sport
• Nissan secures $7.8 bln from creditors since April
• US appeals court rejects GM's call to remove judge from Fiat Chrysler lawsuit
Commercial Vehicle
• Road Tax relief for lockdown period cannot be considered, TN tells HC
• Piaggio launches online sales facility for commercial vehicles
Two Wheelers
• HMSI launches updated X-Blade, price starts at Rs 1.05 lakh
Aftermarket
• Uber launches grocery delivery in Latin America, Canada with U.S. to follow
• Ola joins PhonePe to boost its digital payments experience
• Vroom Drive launches franchise program
Auto Components
• Electric vehicles are starting to buoy global metals market
Auto Finance
• Yamaha Motor India announces special finance scheme for frontline COVID-19 warriors
• Maruti Suzuki partners with Axis Bank for finance solutions
Oil & Lubes
• Oil price dips as US inventory build stokes supply fears
• Diesel price scales new high after 25 paise increase
• IIT-Jodhpur develops process to convert bio-oil into transport fuel
 
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