Morning Daily - 2020-07-20

ETAuto Newsletter | Monday, July 20, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• ETAutoTV: Rural market related products are finding more traction, says Lumax Group CEO
• Few auto loans execs indulged in personal misconduct, no conflict of interest: HDFC MD
• RC Bhargava, Pawan Munjal to grace the first edition of #ETGlobalTownhall
• JLR to prioritise simplification, synergies, scale including working with partners: N Chandrasekaran
• Carmakers start incentivising employees as demand revives
• Jalaj Gupta joins Mahindra & Mahindra to lead commercial vehicle and construction equipment biz
• Ashok Leyland appoints Andrew Palmer as non-executive chairman to Optare board
• Long-term story of India, 2-wheeler industry remains intact: Pawan Munjal, Hero MotoCorp
• Maruti sees no merit in developing small BS-VI diesel engine, to expand CNG portfolio
• Cautiously optimistic over sales trend: HMSI
• Expect two wheeler sales to increase amid COVID-19 situation: Eicher Motors
• Ex-Nissan boss Carlos Ghosn says Renault-Nissan results pathetic
• Clean energy can support economic recovery in downturn: Niti Aayog CEO
• Kerala to remove PwC as e-mobility project consultant OnManorama
• Rane Group reports revenue decline, net loss for first time in the last 6 years HBL
• Tesla boom supercharges stock of worlds biggest EV battery firm HT MINT
• Supplier thrives by selling coil-winding tools to Tesla, Toyota Livemint
• Collections have doubled in each month during June quarter: M&M Finance MD Business-standard.com
• Xpeng Raises $500 Million Even as China EV Market Sputters Msn.com
• Japan's Murata taps electronics prowess to build tiny auto parts Nikkei Asian Review
• For electric-vehicle maker Nio, government tie-up has its benefits Nikkei Asian Review
• With Bronco, Ford seeks to steal a chunk of Wrangler's market share Automotive News
• GM No. 1 in growth of minority dealerships Automotive News
• The UAE Aims To Entice Tesla & Other Autonomous Driving Firms CleanTechnica
• With battery and charging tech, Ola Electric eyes a long EV drive. It needs to find its North Star. ET Prime
• The Diversity Employers Need To Remember: Age Diversity Forbes.com
Industry Reports
• Elevating human experience for automotive customers through digital transformation
Industry
• FPIs remain net sellers in Indian markets in July; pull out Rs 9,015 cr
• Asian bonds see the highest foreign buying in a year in June
• States set goals to jump-start transition to electric trucks
• Only 10 per cent manufacturing units report higher output in Apr-Jun: FICCI Survey
• 401 infrastructure projects show cost overruns of Rs 4.02 lakh crore
• Gurugram: Ridership just 10%, Roadways battles Rs 200 crore loss in lockdown
• 360 infra projects show cost overruns of Rs 3.88 lakh cr
• OPINION: India's Electric Vehicles ecosystem: Busting the myths
• Outlook for kharif season favourable, consumption to revive at the bottom of pyramid: ICRA
• Electric vehicles' charging centres set up in Bengaluru
• US FDI to India crosses $40 bn, says USISPF
• Sisodia inaugurates first e-vehicle charging station in East Delhi
• CBIC gives nod to clear pending GST registrations under 'special drive' by July 30
• Future policies need to be tailored to support economy amid COVID-19: RBI
• India's forex reserves climb $3.1 bn to record $516.362 bn
• In a global pandemic, even Detroit shuns cars for bicycles
• US economy faces significant risks, long road to recovery: IMF
• US dollar slips amid strength in euro
• ICAT launches automotive technology e-portal ASPIRE
Passenger Vehicle
• GM CEO Mary Barra expects virus to ebb, economic recovery by early 2021
• Are CNG cars viable alternative amid fuel price hike
Commercial Vehicle
• Unbridled hike in fuel prices may force transporters to suspend operations, says AIMTC
• Solid profits at Volvo spur truck industry's recovery hopes
Aftermarket
• Lyft to provide drivers with partition shields as coronavirus protection
Auto Components
• Financial condition of Hindustan Copper in 'dire straits', says CMD
• Volkswagen, Brose create joint venture for global automotive seating
• Thyssenkrupp to explore further options for boosting finances
Auto Technology
• AutoX gets permit to run driverless testing in California
Auto Finance
• Mahindra Finance posts Rs 156 cr profit in Apr-Jun
Oil & Lubes
• Oil falls as worsening pandemic threatens recovery
• Indian Oil's 300,000 bpd east coast refinery to be shut for 3 weeks
• OPEC+ hits the refinery wall: John Kemp
• Shell says UK can bring forward fossil fuel car sale ban to 2030
• Diesel now more than rupee expensive than petrol in Delhi
 
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