Morning Daily - 2020-07-11

ETAuto Newsletter | Saturday, July 11, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• ETAutoCast: Understanding why fuel prices are sky-high
• Auto component sector may see 14-18% dip in revenue in FY21: ICRA
• Tata Motors Group global wholesales down 64% to 91,594 units in Q1 FY21
• NCLT okays DVILs Rs 2.7k cr resolution plan for Amtek Auto
• Ola's Chief Sales and Marketing Officer, senior VP quit
• Harley-Davidson's CFO John Olin resigns, company to shed 700 jobs
• Truck aggregator BlackBuck reinvents business model. Its a battle to stay relevant in tough times. ET Prime
• Mercedes-Benz India H1 sales down 55% at 2,948 units
• Long road ahead for fully self-driving cars, despite Tesla claim
• Coronavirus Makes Short, Sharp Recovery Unlikely For Auto Sales: Economists Forbes.com
• Free Cars, $20 Down Payments in Philippines as Auto Sales Dive Bloomberg.com
• What's A Diminishing Deductible For Car Insurance? Forbes Advisor
• APC Automotive's Bankruptcy Plan to Cut $292 Million Approved News.bloomberglaw.com
• BASF Weathers Auto Slump With Better-Than-Expected Earnings BloombergQuint
• VW Dieselgate executive faces extradition to Germany Detroit News
• Late bloomer Hyundai speeds past BYD in electric vehicle sales Nikkei Asian Review
• Indonesian auto startup TiinTiin raises over $2.5m in seed round Nikkei Asian Review
• Volta Trucks Introduces Volta Zero CleanTechnica
• 10 Best Ways To Communicate Core Values To New Employees Forbes.com
• How To Envision Your Organisation's Future Forbes India
Industry Reports
• Coalition for Lightweight Materials
Policy
• Chandigarhs parking policy is stuck in pandemic jam
Industry
• Dilip Buildcon wins Rs 882-cr project from NHAI in Gujarat
• Manufacturers intensifies health checks and sanitisation programmes amid surge in Covid cases
• IRB Infrastructure secures Rs 2,193 crore project in West Bengal under Bharatmala
• India suspends release of industrial output data for lockdown period
• Top 5 private banks stare at NPAs doubling to 5% in FY21
• IIP contraction rate slows in May, govt withholds headline figure
• Rupee skids 21 paise to end at 75.20 against US dollar
• Sensex down over 150 points as financial stocks drag; Nifty below 10,800
• Surging truck sales boost China's auto sector revival in June as economy upshifts
• Assam changes MSME ordinance norms; allows no conversion of agri land
• Road safety to be part of school syllabus soon: Rajasthan CM
Passenger Vehicle
• Yaris is Europe's favorite Toyota in last six months
• Toyota says it no longer employs staff shown mocking Floyd death
• Accused Carlos Ghosn escape plotters too much flight risk for bail: US judge
• Fiat Chrysler recalls more than 900,000 vehicles in US over faulty airbag covers
• Tesla to hold annual shareholder meet and 'Battery Day' on September 22
• Tesla rival Rivian adds $2.5 billion investment led by T. Rowe Price
• China auto sales off 22.4% in first half of 2020
• Honda invests in China's CATL to jointly develop EV batteries
• BMW to unveil iX3 electric SUV on July 14
• Toyota launches Corolla Cross SUV in Thailand
• Ford says restrictions at Mexico plants not sustainable
Commercial Vehicle
• Dehradun bus operators threaten to surrender permits if government fails to rein in e-rickshaws, tempos
Aftermarket
• Amazon begins rolling out bigger UPS and FedEx-style delivery trucks
• Uber to pay Danish fine, avoid legal action
• Onus on industry to make cleaner mobility solutions which make people feel safe: Ola
• Kuehne+Nagel launches road logistics platform eTrucknow in India
Auto Components
• Small China copper smelters shut as big get bigger
• Ludhiana auto parts manufacturers back vehicle scrapping policy
Auto Finance
• Banks entice customers to drive as auto loan declines 3% since lockdown
Oil & Lubes
• Petrol, diesel prices remain unchanged for third consecutive day
 
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