Morning Daily - 2020-07-18

ETAuto Newsletter | Saturday, July 18, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• Riding through crisis: How premium motorcycle segment is coping up?
• Audi India refutes allegations on cheat device to misrepresent emission data
• ETAutoCast: How auto industry is coping with COVID crisis
• Hybrids at the heart of future powertrains?
Top Stories
• Why Magnite SUV is important bet for Nissan India
• Fiat Chrysler may redefine TaMo JV due to PSA merger
• Vehicle registrations decline 43% in June; tractor registrations saw growth
• Its raining pay hikes, promotions and recruitments at Hyundai HBL
• Nissan announces senior management changes
• Mahindra flexes R&D muscle on par with global rivals HBL
• JLR crosses 15-lakh production mark for its Ingenium engine range
• Lack of skilled labour affecting production operations of TVS Motor Livemint
• Centre urges states to issue minimum freight rates to help struggling transport industry
• India's petrol, diesel demand falls due to high prices and renewed lockdowns
• Daimler to stop building sedans in the US after Q2 loss
• Daimler Must Wish It Had Kept That Tesla Stake BloombergQuint
• BMW Signs $2 Billion Battery Supply Contract With Northvolt CleanTechnica
• German Auto Industry Stumbling As Government Aid Bypasses Conventional Buyers Forbes.com
• 'Greater fool' theory powers Tesla shares' ascent Nikkei Asian Review
• Autonomous vehicle startup AutoX lands driverless testing permit in California TechCrunch
• From Hyundai to Hero, the drive to recovery begins with rural sales. Tip: old strategies wont do. ET Prime
• 5 Lessons From the Teams Defining Manufacturing's New Normal Forbes.com
Industry Reports
• Impact of COVID-19 and national lockdown on car sales and consumer buying behaviour
Industry
• Maharashtra transport bodies hint at 20% increase in freight charges
• India-US FTA on the cards preceded by limited trade deal: Commerce Ministry
• India-Bangladesh multi-modal connectivity: A win-win proposition for both nations
• State banks sanction Rs 19,668 crore loans to 71 MSME hubs under credit guarantee scheme
• Punjab and Haryana HC to take a call on fine over delayed vehicle registration
• Centre's fiscal deficit to shoot up to 7.6 pc in FY21; twice the budget target: Report
• EU stimulus funds attract 1,000-plus green projects
• Maha govt looking at training locals to fill in skill gap due to migration amid COVID-19 pandemic
• Rs 10 crore bids to re-carpet 10 km on Delhi-Chandigarh NH
• NBFCs seek special fund for small and medium-size peers
• India's GDP to contract 9.5% in FY21: ICRA
• Rupee rises 5 paise to 75.13 against US dollar in early trade
• Sensex jumps over 200 points; Nifty tops 10,800
Passenger Vehicle
• Maruti Suzuki S-Cross BS-VI to launch on August 5
• Maserati reveals all-new Ghibli Hybrid
• Tesla keeps adding China users with registrations hitting record
• Hyundai sells over 1 lakh Kona EV globally
• Mercedes-Benz, BMW, Audi bullish on new flagships amid Covid
• Michigan Governor warns car plants may shut if masks arent worn
• Hyundai announces 17-day hygiene drive for its cars
• Volkswagen sees mild growth in China's premium car segment this year
• PSA's Slovak plant voices concern over future
Commercial Vehicle
• UPSRTC has risen to Covid-19 challenge: Yogi Adityanath
• AB Volvo posts forecast-beating profit despite pandemic
Aftermarket
• Uber's GSS team in India leads map updates across 150 global cities during lockdown
Auto Components
• ArcelorMittal completes Rs 2,350-cr acquisition of Odisha Slurry Pipeline Infrastructure
• Nickel and copper futures slide on tepid demand
• Copper prices seen rising more, but so are risks
• Sandvik sees slow demand recovery after Q2 profit beat, shares slump
Auto Finance
• This June, disbursements for tractors were higher than in last June: L&T Finance
Oil & Lubes
• OPEC+ hits the oil refinery wall
• Reliance to shut crude unit for maintenance
• US Iowa senators hope to include biofuels aid in next coronavirus relief package
• India to create its first overseas oil stockpile in US
• Diesel getting expensive while petrol holds the ground
• Oil prices steady as clouds gather over fuel demand, looser supply curbs
 
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