Morning Daily - 2020-07-23

ETAuto Newsletter | Thursday, July 23, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Bajaj Auto Q1 net profit dips 61% to Rs 395.51 crore
• Govt notifies regulations for tyres, safety glass under Central Motor Vehicles Rules
• Two-wheeler makers take premium route owing to traction from leisure & hobby segment
• JK Tyres factory shut as 107 employees test Covid-19 positive Deccan Chronicle
• Covid-19 to push automakers into a record loss of Rs 10,000 crore in Q1
• How Tesla defined a new era for the global auto industry
• German prosecutors search Fiat, Alfa Romeo offices in emissions probe
• Pandemic to bite deeply, GDP to shrink by 6% in FY21: Report
• 35% of consumers trust OEMs with usage of in-car data, says report
• On the road again: Auto brands crank their marketing engines
• BluSmart Mobility appoints Ashok Bhasin to its advisory board
• Commercial vehicle market revival expected from September, says Volvo Eicher CV HBL
• German automakers wary of trade curbs HT MINT
• Demand back for Bajaj bikes but supply chain concerns remain @businessline
• Hyundai India launches iMT equipped Venue SUV, price starts at Rs 9.99 lakh
• Infra projects push will revive commercial vehicle sales, says Sundaram Finance Chairman HBL
• The First Pure Play LiDAR IPO - Will Velodyne Dominate 3D Imaging? Forbes.com
• Ian Callum's Reimagined Aston Martin Vanquish Is Production-Ready Forbes.com
• Daimler's boosted cost-cut target puts 20,000 jobs at risk, report says Automotive News Europe
• Judge set to decide legal challenge to Michigan's new auto no-fault law Detroit News
• Tesla's Megapack powers its small, but growing energy storage business TechCrunch
• Amazon Pay joins hands with Acko to offer auto insurance Livemint
• UBS, JPMorgan fuel biggest Chinese electric-vehicle battery makers USD28 billion fundraiser ET Prime
• 4 Ways To Create A More Diverse Workplace That Inspires Innovation Forbes.com
Industry Reports
• Connected cars and OEM outlook in India
Policy
• Germany wants to introduce car toll across EU
Industry
• NHAI decision to descope pending RoW without reducing construction period positive for developers: ICRA
• India, US have ability to shape larger global agenda: Jaishankar on bilateral ties
• Electronic toll collection on highways rebounds to March levels in June: Crisil
• Directorate General of GST Intelligence detects Rs 72 crore tax evasion
• Rupee settles flat at 74.75 against US dollar
• Sensex drops over 100 points; Nifty below 11,150
• View: RBI likely to support the bond markets for next three years
• Higher forex kitty to lower borrowing cost, net more foreign funds: Report
• Coronavirus cases surge among factory workers in post-lockdown India
• Britain to provide 350 million pounds to help industry cut carbon emissions
Passenger Vehicle
• Audi expects pre-pandemic car sales levels by 2022-2023
• Tesla picks Texas site for second US vehicle assembly plant
• Tesla's wacky valuation has a link to reality
• Japan's Mitsubishi Motors may shut factory in Gifu in central Japan
• Ford says Mexican rail blockade near US border hits operations
• Tesla's profit sets up S&P 500 entry, while Elon Musk pushes for growth
• Skoda's first electric SUV Enyaq iV world premiere on September 1
• EU probe into Fiat, Peugoet deal halted as regulators await data
• Tesla hiring servicing staff in unsupportive Singapore
Commercial Vehicle
• Electric bus maker Proterra considers deal to go public
• Bus operators hit by lockdown seek financial relief
• Buses, non-personal category of passenger cars to see faster electric mobility adoption: Report
• Eicher to offer connected commercial vehicles in India
Two Wheelers
• Motorcycle sales may continue to outperform scooters in near term: Report
Aftermarket
• Waymo, Fiat Chrysler expand autonomous vehicle partnership
• China's Didi Chuxing says it currently has no plans for IPO
Auto Components
• Pioneer India to launch 3 head unit receivers for car infotainment
• Dharmendra Pradhan, CEA discuss establishing integrated steel hub in eastern India
• MAHLE develops high performance pistons using 3D printing
• COVID-19 impact: Valeo reports 1.2 billion euro loss in H1 2020
• Bearings maker SKF core earnings beat forecasts as cost cuts bite
Auto Technology
• KPIT sets up new software engineering centre in Germany
Automotive
• Renewed sowing pushes up tractor registrations in TN
Oil & Lubes
• Oil edges down for 2nd session as coronavirus curbs fuel demand
• Tellurian stock soars after India's Petronet renews investment deal
• Oil companies hold Diesel, petrol price rise
 
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