Morning Daily - 2020-07-13

ETAuto Newsletter | Monday, July 13, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• Supply biggest challenge in ramping up production to meet demand; new launches to be delayed: M&M CEO Veejay Nakra
• Pre-owned car business gets shot in the arm in 'Covid-19 Era'
• Opinion: Need of the hour is to bring Indirect tax reforms for the ailing auto industry
• ETAutoTV: Localisation of Chinese imported auto components to take 3-6 months, says M&M
Top Stories
• Business environment may remain challenging this fiscal due to Covid-19: TVS Motor
• Highways Ministry asks NIC to capture FASTag details before vehicle registration
• NHAI to rate roads, scores to be public
• Escorts-Kubota deal gets CCI nod
• Import tax on lithium cell likely HT MINT
• PMI Electro Mobility says working to develop own tech for EVs, may take 5-6 yrs to integrate into products
• Truck aggregator BlackBuck reinvents business model. Its a battle to stay relevant in tough times. ET Prime
• Volkswagen to replace head of software division Christian Senger
• Delhi sees over 23,000 vehicle registrations in June, up from 8,455 a month ago
• Opinion: Localized lockdowns are a national menace Livemint
• Layoffs at General Motors Wentzville plant affects 1,200 FOX 2
• In Depth: CATL loses EV battery crown as foreign players muscle in Nikkei Asian Review
• 16 Agile Principles Every Company Should Live By Forbes.com
Industry Reports
• Trucking during Corona pandemic
Industry
• Make in India not possible without support to MSME, manufacturing sector
• Coronavirus bringing record $1 trillion of new global corporate debt in 2020
• FICCI survey predicts 4.5% contraction in India's FY21 GDP
• Stressed NBFCs seek about Rs 10,000-crore financing support under special liquidity scheme
• FPIs pull out Rs 2,867 crore in July so far
• Rs 1.20 lakh crore sanctioned for MSMEs under ECLGS
• Villagers protest against NHAI for charging toll for incomplete road
• Ex-Nissan boss Ghosn says helping everyone who stood by him
• Job and salary cuts continue in auto hub, workers plan protest if govt doesnt step in
• Highways Ministry invites comments for safety evaluation of hydrogen propelled vehicles
• Mining, FDI reforms in the offing, says Piyush Goyal
• Banks need to raise capital on anticipatory basis: RBI Governor Shaktikanta Das
• NCLT approves Deccan Value Investors' bid for Amtek Auto
• Government, RBI need to ensure that cash-flushed banks lend to NBFCs: FIDC
• Donald Trump rules out phase 2 trade deal with China
• Banks sanctions about Rs 1.20 lakh crore loans to MSMEs under credit guarantee scheme
• Public transport service almost unaffected in Kolkata amid lockdown in containment zones
• Indian economy needs additional reforms: KKR's David Petraeus
Passenger Vehicle
• Online sales will help with virus resurgence: Hyundai
• Musk again hints at Tesla Model 3 arrival in India
• Covid-19: Despite pandemic, sale of luxury cars has gone up in Hyderabad
• Tesla reportedly cuts price of Model Y SUV by $3,000
• Chinese EV maker Li Auto files for US listing
• Mahindra S Africa initiates project to support needy communities amid COVID-19 crisis
• Berlin 'Model Y' a revolution in automotive body engineering: Musk
Commercial Vehicle
• Ensure hassle-free movement of trucks: Bihar Transport Sectretary
• India Inc loves innovations: Mahindra, Marico boss praise auto-rickshaw driver's 'Swachh Bharat' initiative
• Himachal Pradesh govt considering proposal to hike bus fares
• Renault Trucks partners with SUEZ to provide electric trucks for waste collection
• BEST fleet increases by 1,000 buses in just a month
Aftermarket
• Unless innovative transportation models are executed, high logistic management cost will remain: Nitin Gadkari
• Free cars, $20 downpayments in Philippines as auto sales dive
Auto Components
• JSW Steel cuts capex plans by 45% to Rs 9,000 crore for FY21
• Japanese firm Tsuzuki to set up manufacturing unit in Reliance's Model Economic Township in Jhajjar
• China's Yahua extends lithium offtake deal with Galaxy Resources
• BASF weathers auto slump with better-than-expected earnings
• Japan Display aims to bring some panel production back from China after coronavirus
• Workers at Antofagasta's Zaldivar copper mine in Chile vote to strike
Oil & Lubes
• Oil price slips as traders eye supply cut easing at OPEC meeting
• Diesel price nears Rs 81 after 16 paise increase
• Petrol, diesel futures trading to start soon on exchanges
 
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