Morning Daily - 2020-07-21

ETAuto Newsletter | Tuesday, July 21, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Car loan probe: HDFC Bank terminates half a dozen employees for violating the code of conduct
• Monsoon hope boosting Indian tractor industry
• Automation and digitalization to offer companies competitive edge in current volatile market
• Two-wheeler firms step up production as demand climbs HT MINT
• Diesel prices surpass all records, petrol holds ground
• Malicious spam targeting India's manufacturing, export detected
• Covid-19 prompts Greaves Cotton to look at de-risk options @businessline
• Mukesh Jain appointed as new transport commissioner in Madhya Pradesh India Today
• CBDT signs pact with MSME Ministry to share depreciation, turnover info of small biz
• Bharat Forge cranks up for the future as Covid dents biz at home and abroad Business-standard.com
• Amara Raja shakesoff demand disruption as itcontinues expansion plans Livemint
• Covid-19 impact: Aviation, automobile sectors see worst tax outgo in Q1 Business-standard.com
• Elon Musk Is Now The Fifth Richest Person In The World Forbes.com
• CarGurus Survey Finds Auto Shopper Optimism, But Threatened By Lingering Pandemic Forbes.com
• Public Transit Will Survive the Pandemic Because it's Cheap Governing.com
• Despite Tesla-led hype, private investment in EV startups appears steady TechCrunch
• Fueled by Tesla deal, LG Chem goes full throttle on EV batteries Nikkei Asian Review
• Tesla's plan for Level 5 not feasible, experts say Automotive News
• GM details 12 upcoming electric vehicles from Cadillac, GMC, Chevrolet and Buick TechCrunch
• With battery and charging tech, Ola Electric eyes a long EV drive. It needs to find its North Star. ET Prime
• 13 Effective Strategies For Encouraging Employee Wellness Forbes.com
Industry Reports
• Coalition for Lightweight Materials
Industry
• Mexico eager to lure firms from Asia under new trade deal
• Help Indian MSMEs market products globally: Gadkari to Amazon
• Covid-19 Impact on future of advanced manufacturing and production globally: Audio interview
• Cheaper, faster and easier insolvency resolution process on cards for MSMEs: IBBI
• Power minister unveils public electric vehicle charging plaza in Delhi
• India's debt to GDP ratio may rise to 87.6%: SBI Ecowrap
• June quarter results of auto companies likely to be dismal: Report
• Rupee rises 10 paise to 74.92 against US dollar in early trade
• Indian Railways offering discount on freight movement to boost industrial activity
• Gujarat: GST recovery orders during lockdown nixed
• Sensex, Nifty tick higher in opening trade
• Deficit monetisation can keep interest rates down: SBI
• Tesla CEO Elon Musk hiring engineers for neurotechnology firm Neuralink
• Japan's sinking exports raise risks of prolonged economic downturn at home and overseas
Passenger Vehicle
• Ex-Nissan chief Carlos Ghosn fails to appear in court over technical obstacle
• Kia Motors lists Sonet SUV on website, launch on August 7
• Tesla share rally propels some early fan investors to riches
• Lamborghini unveils limited-edition Aventador SVJ Xago
• Mercedes-Benz targets 700-km-range with EQS sedan, hybrid portfolio expansion
• Zoe electric shines amid Renault 34.9% sales plunge in H1
• Former Ford auto chief Hinrichs joins startup WaveSense's board
• Czech car production falls 32.6% in first half on coronavirus outages
• Alibaba-backed EV maker Xpeng raises $500 million
Commercial Vehicle
• Himachal Pradesh hikes bus fares by 25%
• Punjab Roadways buses run at less than half capacity: Ludhiana station supervisor
• Tamil Nadu Trailers Association to go on strike against road tax on July 22
Two Wheelers
• Piaggio India launches updated models of Vespa, Aprilia Storm
• Okinawa aims expansion, plans to cross 500 dealerships in FY21
• Ducati India opens pre-bookings for Panigale V2, available at Rs 1 lakh
• TI Cycles on aggressive market penetration & branding strategy
• Bikes wedge their way into heavy Paris traffic
Aftermarket
• Self-driving startup Aurora expands vehicle testing to Texas
Auto Components
• Continental burns cash in Q2 as sales slump by 40%
• New rules for electronic retailers to be effective by end of this week: Ram Vilas Paswan
• Lithium Australia to refocus on battery recycling, cuts jobs amid coronavirus impact
• Steel Strips Wheels bags fresh orders worth about Rs 11.25 crore for US caravan trailer market
• Measures taken to avoid likely disruption in iron ore supply: Steel Ministry
Tyres
• Ceat offers contactless service for its dealers
Auto Technology
• Sibros closes $12 million Series A funding led by Nexus Venture Partners
• Ford to work with Intel's Mobileye for better collision avoidance technology
Auto Finance
• We do not fear a spike in NPAs: Mahindra Finance
Oil & Lubes
• Andhra Pradesh hikes tax on petrol, diesel to mop up revenue
• China's record crude oil storage flies under the radar
 
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