Morning Daily - 2020-07-14

ETAuto Newsletter | Tuesday, July 14, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Lumax Auto cuts Capex to half for FY'21
• Ola Electric's Sanjay Bhan quits
• Rudolf and the Hummingbird!
• India will assume a more important role in FCAs global strategy: Partha Datta
• Daimler talks with workers heat up, with 15,000 jobs at risk
• NHAI to collaborate with IITs, other institutes for improving highway infrastructure
• Truck aggregator BlackBuck reinvents business model. Its a battle to stay relevant in tough times. ET Prime
• HDFC Bank launches probe into auto loan practices following allegations
• Respite for pandemic-bruised automakers: Tractor, two-wheeler sales rebound Business-standard.com
• Ampere bullish on e-scooters as paranoia over public transport grows amid Covid HBL
• With rising diesel prices more trouble for transport sector
• Opinion: We need policy clarity on import substitution HT Mint
• Nissan revs up subscriptions as car-sharing takes back seat Nikkei Asian Review
• 'Unlock industries to activate wheels of the economy' @businessline
• Toyota sources crucial steel product from China's Baowu Nikkei Asian Review
• The Bronco Is Back, Thanks to a Group of Obsessed Ford Employees BloombergQuint
• Italy Set To Increase EV Incentives To 10,000 - Are Carmakers Ready? CleanTechnica
• How To Lead Through Times Of Crisis Forbes.com
Industry Reports
• Coalition for Lightweight Materials
Industry
• With a post-Brexit border operation model, Britain tells firms to get ready
• Expect more NBFCs to raise funds; recovery to take more than a year: Fitch
• Great opportunity for Indian industries as world reluctant to deal with China: Nitin Gadkari
• Bengaluru: EVs on mind, rental mobility firms sell used vehicles at big discount
• Interest rate cut, deposit growth to hurt lenders profitability in Q1
• Identified sectors with huge potential to cut import dependence, boost exports: Piyush Goyal
• Government departments in Kerala not keen to hire e-vehicles
• Just a third of small and medium businesses eye Atmanirbhar scheme
• Turkish June automotive output falls 5.4%
• Rupee rises 6 paise to 75.14 against US dollar in early trade
• One held from UP's Etah in Noida bike ponzi scheme
• Rate cut hopes help Sensex, Nifty
• China bank lending hits record $1.72 trillion in first half after solid June
Passenger Vehicle
• Free pizza and a 75-foot statue of Musk: the battle for the next Tesla plant
• Tesla taps brake on massive stock rally
• Electric car maker Fisker to go public through SPAC deal at $2.9 billion valuation
• MG Motor India launches Hector Plus SUV, price starts at Rs 13.48 lakh
• Mercedes-Benz India launches digital solutions for customer service
Commercial Vehicle
• Tamil Nadu: Firms building truck bodies stripped bare
• 50% reduction in permit fee for tourist buses under National Permit regime
• Tata Motors introduces next-gen connected vehicle solution for fleet management
• BEST rolls out the big guns to fit passengers, 60 double-deckers
Two Wheelers
• Suzuki Motorcycle India rolls out 50th lakh product, a Gixxer SF 250
Aftermarket
• How the pandemic has hit Ola, Uber hard in India
Auto Components
• Moody's downgrades Motherson Sumi's rating outlook to negative
• Large volumes of steel exports not sustainable, exports to decline in the coming months: Icra
• Steel Strips Wheels bags orders worth EUR 1,78,000 from EU, US
Tyres
• India puts 10% tax on import of polybutadiene rubber from South Korea
• Balkrishna Ind explores new markets to import chemical, raw material
Auto Finance
• Toyota Kirloskar Motor announces special finance schemes
Automotive
• COVID-19: Schwing Stetter expects 15% decline in sales this fiscal
Oil & Lubes
• OPEC chief sees oil market moving closer to balance before key meeting
• State oil refiners' earnings expected to surge in Q1
 
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