Morning Daily - 2020-07-15

ETAuto Newsletter | Wednesday, July 15, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Indian auto industry posts its worst performance till date: SIAM
• Hyundai aims to reach 90% of pre-Covid sales volume in July
• Auto sales drop 51% in June 2020; PV sales decline 50%: SIAM
• Despite fresh lockdown measures, Pune auto factories continue to ramp up to meet demand
• Global NCAP recognises Mahindra XUV300 as safest Made-in-India car in last 6 years
• Auto sector reels under losses as lower incomes, moratorium alter auto finance dynamics
• From Hyundai to Hero, the drive to recovery begins with rural sales. Tip: old strategies wont do. ET Prime
• Toyota halts production in Bidadi plant till 22nd July
• Apollo Tyres cuts 528 jobs at Netherlands plant; to focus on high-value segment
• Hyundai to remain committed to diesel cars in India
• Govt missing easier alternative amid e-mobility push: Auto LPG industry
• China is racing ahead of India in adopting EVs Livemint
• New MSME definition is skewed; favours the creamy layer of medium enterprises: FOCIA HBL
• Tesla euphoria powers equity boom for electric imitators Detroit News
• Build and brand your own electric car onto Ree's flat-packed modular chassis Green Prophet
• Car Dependency Baked Into Joe Biden's $2 Trillion Climate Plan Forbes.com
• Ford Has Finally Generated Consumer Enthusiasm With The Bronco Forbes.com
• A Tesla Blind Spot Forbes.com
• Accelerating Business-To-Human Cybersecurity Marketing During Difficult Times Forbes.com
• Workplace Diversity: What Companies Need To Get Right, Right Now Forbes.com
Industry Reports
• Indian Electric Vehicle segment might continue to draw investments
Industry
• Thailand gears up for motor show as pandemic restrictions ease
• Union minister Nitin Gadkari kickstarts 11 highway projects worth Rs 20,000 cr in Haryana
• Dilip Buildcon JV wins Rs 1,900 cr highway project in Jharkhand, Bihar
• Focusing on ratings is 'nuts', Raghuram Rajan wants India to do Covid-control first
• South Korea to spend $95 bln on green projects to boost economy
• Sensex drops over 300 points
• How marketing during a recession will help global automotive companies to thrive: Audio interview
• RBIs dollar buys in May cover Mar-Apr sales to stem rupee slide
• What lies ahead for the MSME sector
• Rupee slips 16 paise to 75.35 against US dollar in early trade
Passenger Vehicle
• Hyundai Motor India to start third shift soon
• Volkswagen to shift centre of software development to Audi
• Tesla secures tax breaks for cybertruck factory in Texas
• Volkswagen-SAIC to revamp Chinese facility to make Audi A7 sedans
• Chongqing city district says it discussed projects with Tesla
• Hyundai launches new Tucson SUV in India, price starts at Rs 22.30 lakh
• Nissan B-SUV teased again ahead of July 16 launch
Commercial Vehicle
• 15 US states to jointly work to advance electric heavy-duty trucks
• DICV rolls out 1000'th BS-VI heavy duty truck
Aftermarket
• Massachusetts sues Uber, Lyft over driver status as contractors
• Japan's MUFG to expand lending business in Thailand with Grab's big data
Auto Components
• Hyundai Mobis donates Rs 3.50 crore for Covid-19 relief
• Chipmaker Analog Devices to buy rival Maxim for about $21 bln
• Moodys investor service confirms Tata Steels Ba2 rating outlook to negative
Auto Technology
• German court bans Tesla ad statements related to autonomous driving
Oil & Lubes
• Oil rises after US crude stocks drop, focus on OPEC+ meeting
• Diesel, petrol prices remain unchanged
• OPEC sees oil demand soaring in 2021 but still below 2019
 
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