Morning Daily - 2020-07-22

ETAuto Newsletter | Wednesday, July 22, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• PV retail sales dip 38% at 1,26,417 units in June 2020: FADA
• Safety standards of Indian vehicles improving: Global NCAP
• Hero Motorcorp gives promotion to top leaders
• India eyes FTAs with Latin America to support domestic EV plan
• SML Isuzu appoints Noboru Murakami as Additional Director
• CEAT to acquire additional 5.14% stake in Tyresnmore Online, to invest Rs 2.60 cr
• Government open to announcing more measures to boost growth, says Nirmala Sitharaman
• Auto vendors go vocal for local Livemint
• Rahul Bajaj steps down as chairman of Bajaj Finance
• Global spread helps Motherson Sumi tackle Covid-19 pandemic pain Business-standard.com
• Revving tractor sales in hinterland mask Indian economys deep distress
• Nissan offers to postpone Barcelona plant closure, to talk on everything
• Covid-19 impact: Over 54% potential buyers prefer used car, says study Business-standard.com
• Coronavirus Kicks Volvo's Geely Merger To The Side Of The Road Forbes.com
• Former Fiat Chrysler sales chief says stimulus cash saving auto industry Detroit News
• 1965 Shelby Mustang Sells For A Record $3.85 Million At Mecum Auctions Forbes.com
• Nidec sees itself as the Tesla of electric vehicle motors Nikkei Asian Review
• Polestar Partners With Easee As Preferred EV Charger Supplier In Norway CleanTechnica
• Gett raises $100M more to double down on its B2B on-demand ride business TechCrunch
• With battery and charging tech, Ola Electric eyes a long EV drive. It needs to find its North Star. ET Prime
• Is Your Leadership Pipeline Ready? Don't Guess, Test Forbes.com
Industry Reports
• Understanding Trusted Information Security Assessment Exchange (TISAX)
Policy
• UK taxi, private hire vehicle drivers to undergo criminal record checks every 6 months
Industry
• Economic crisis temporary, India still remains fastest-growing economy: Nitin Garkari
• NHAI annuls Rs 2,193-cr bid won by IRB Infra for BOT project in West Bengal
• PSUs get-off corporate governance norm voilations with minor penalties
• Inflation could surge to 12% on second stimulus
• Sensex rallies over 500 pts in early trade; Nifty tops 11,100
• Rupee opens 12 paise up at 74.79 against US dollar
• Farmers protest against govt ordinances, fuel price hike
• Coronavirus pandemic advances the march of 'cobots'
Passenger Vehicle
• Tesla's Elon Musk qualifies for $2.1 billion payday
• Bentley commences production of Bentayga SUV
• SsangYong E100 electric SUV, foil for Mahindra eXUV300, teased
• Toyota sees further recovery in global car production in August
• Lamborghini rolls out 10,000th unit of Urus SUV
• Volkswagen warns Korean battery row could lead to catastrophic supply disruption
• Geely's Volvo Cars sees wider market recovery on solid growth in China
Commercial Vehicle
• BMTC, KSRTC to resume services from Wednesday
• PMPML staffers say buses are not sanitised, lament risk in pandemic
Aftermarket
• Uber defends business model in UK court battle over workers' rights
• Ola launches 'Ola Corporate' service in Australia, New Zealand, UK
• Uber offers COVID-19 contact tracing help amid chaotic US response
Auto Components
• Platinum and palladium will creep higher as auto sector recovers
• South Korean battery rivals' US legal case turns into fight for jobs
• Hindustan Zinc's board approves appointment of Arun Misra as CEO
• Copper edges up on EU stimulus deal, coronavirus vaccine hopes
• Tesla, Toyota Motors help obscure Japanese supplier thrive
• Bosch creates single unit to oversee software, systems development
• Bharat Forge announces dissolution of its Hong-Kong based subsidiary
• Nippon Paint launches Protec range of industrial paints
Auto Technology
• Majority of Indians willing to spend up to Rs 50,000 for connected technologies in cars: Study
Automotive
• MCE industry is likely to see a contraction in demand leading to a volume drop of 20% in 2020
Oil & Lubes
• Oil prices fall on US inventory build, increasing pandemic fears
• Castrol partners with Jio-BP for selling lubricants
• Oil Search quarterly revenue drops 30% on weak prices, production on track
• Oil companies hold Diesel, petrol prices again
• Hedge funds stick to the sidelines on oil
• Energy trader Vitol sets up new US oil and gas production venture
 
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