Morning Daily - 2020-07-24

ETAuto Newsletter | Friday, July 24, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Strong revival gives two-wheeler makers hope to recover lost volumes
• Indian EV industry to represent Rs 500 billion opportunity by 2025, Covid notwithstanding: Report
• RBI seeks internal car loan investigation details from HDFC bank
• Bajaj Auto focuses on exports as India battles pandemic
• Rural market has tremendous growth potential: Renault India CEO HBL
• Maruti Suzuki Nexa sells over 1.1 million cars in 5 years
• UBS, JPMorgan fuel biggest Chinese electric-vehicle battery makers USD28 billion fundraiser ET Prime
• Brand Datsun and the road ahead in India HBL
• 300,000 jobs in German metal, electrical industry at risk due to coronavirus
• Honda Cars strives to strike balance between risk management and growth HBL
• What moratorium? Cabbies face seizure of vehicles, at least 150 cars which ran on Ola, Uber platform already seized
• House of the Trident joins the electric bandwagon HBL
• Laying-off employees not a solution to survive post covid: Ratan Tata HT MINT
• Tesla accuses rival startup of poaching employees, stealing secrets HT MINT
• Auto industry offers voluntary Co2 standards, but it won't stop Australia being dumping ground for dirty cars The Driven
• Farewell To Small Cars, The Sharpest Crayons In The Box Forbes.com
• Behind Tesla's Profits Forbes.com
• Tesla Shares Take a Dip With Focus Turning to Lagging Growth BloombergQuint
• Daimler labor leaders reject possible plant closures, layoffs Automotive News Europe
• Tesla's drive to S&P 500 isn't powered by car sales alone Nikkei Asian Review
• Transforming Data Into An Asset Forbes.com
Industry Reports
• Electric Vehicles Charging towards a bright future
Industry
• Cant stop automatic toll deduction: Madras HC
• Nitin Gadkari launches advisory platform, RestartIndia, to help MSME sector
• PNC Infratech bags two projects worth Rs 1,548 cr from NHAI
• FM Sitharaman reviews Capex plans of CPSEs, stresses on meeting FY21 target
• Tamil Nadu inks 16 MoUs for Rs 5,137 crore investment
• Rupee pares initial gains, settles flat at 74.75 against US dollar
• Urban employment shoots up to 35% last week despite intermittent local lockdowns: CMIE
• Identified 20 sectors where India can become global supplier: Piyush Goyal
• Sensex rises over 50 points; Nifty tests 11,150
• Industrial land should be identified for MSMEs
• India to offer production linked incentives to boost manufacturing
• Government officials meet with auto companies to discuss localisation initiatives
• Small companies' NPAs set to go up, job cuts on the cards
• States need greater fiscal space to meet their expenditure obligations: NK Singh
Passenger Vehicle
• Volkswagen's Mexico unit urges workers to reconsider demands for raise
• In electric car market, its Tesla and a jumbled field of also-rans
• Spurt in demand for pre-owned personal vehicles: Report
• Maruti Suzuki introduces Smartplay infotainment system in Ignis Zeta MT, AMT variants
• Daimler sees Mercedes-Benz EBIT rising this year as sales rebound
• Volkswagen sees Amazon-built 'industrial cloud' as future B2B marketplace
• Kia Motors teases new Sonet SUV ahead of August launch
• Hyundai Motor Q2 profit slumps over weak international demand
• Mini unveils 2021 JCW Countryman SUV
Commercial Vehicle
• Bengal bus operators not to buy diesel on Mondays in protest against fuel price hike
• As states refuse to connect, private bus operators have illegal run
Two Wheelers
• TVS Motor launches BS-VI Zest 110 with fuel injection, priced at Rs 58,460
Aftermarket
• Automobile spare parts shops in central Kolkata shut till July 26
• AutoNation profit jumps on lower expenses, gain in Vroom investment
• Uber is installing safety screens in 20,000 cars for safer rides
• China's Didi Chuxing launches standalone, cheaper ride-hailing service Huaxiaozhu
Auto Components
• Chipmaker STMicroelectronics ups 2020 outlook on improved market
• Bearings maker SKF India reports net loss at Rs 0.25 cr in Q1FY21
• Covestro says recovery continues in July thanks to polycarbonates
Tyres
• CEAT launches puncture safe tyres for motorcycles
Auto Technology
• Jaguar Land Rover develops contactless touchscreen, calls it 'Predictive Touch'
Auto Finance
• Amazon partner with Acko to offer auto insurance in India
Oil & Lubes
• Oil rises on weaker dollar, but virus woes and US-China tensions weigh
• India's crude processing extends recovery in June
• Govt invites suggestions for inclusion of hydrogen-CNG as automative fuel
• Oil companies hold diesel, petrol prices for 3 consecutive days
• GAIL urges government to use diplomacy to help rework expensive US LNG deals
International
• Elon Musk urges miners to produce more nickel as Tesla boosts production
• Son of ex-Nissan boss Carlos Ghosn made cryptocurrency payments for escape from Japan, says US
• Nio's Chinese rival Li Auto offers family-friendlier ride
 
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