Morning Daily - 2020-07-27

ETAuto Newsletter | Monday, July 27, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Auto dealers opt for restructuring infrastructure to prioritise costs
• Government preparing scheme for battery cell manufacturing to boost EV adoption: Amitabh Kant
• Two-wheeler sales on recovery path across domestic, export markets: Bajaj Auto
• Improved financing options, OEM focus to drive growth in pre-owned vehicles market
• NGT slams Road Ministry over delay in guidelines on scrapping of vehicles
• EESL plans 10 EV charging plazas in FY21
• Crush load to crash landing: why drop in July passenger traffic could spark a full-blown airfare war ET Prime
• Mercedes-Benz hopeful of further sales recovery in festive season on positive sentiment
• Will COVID-19 accelerate shift towards electric LCVs?
• Bharat Forge board to consider fundraising this week
• Connected Car Market to reach $166.0 billion by 2025: Report
• Lockdown, fuel price hike hit transport business hard
• Nissan's Quarterly Loss SeenSmaller on Faster Cost Cuts BloombergQuint
• Toyota pushes suppliers for out-of-cycle price cuts Nikkei Asian Review
• Tesla Is Hiring In Greece, About To Enter Greek Market CleanTechnica
• Opinion | An economic paradigm reminiscent of our licence raj HT Mint
• Technology To Stop Drunk Drivers Could Significantly Slash Traffic Crash Deaths Forbes
• Investors like Amazon and BlackRock are betting these 10 EV startups have the best chance of becoming the next Tesla Business Insider
• China gives CATL, BYD and a fuel-cell startup a second wind Nikkei Asian Review
• What Can Borrowers Do When The Payment Pause Ends? Forbes
Industry Reports
• Connected cars and OEM outlook in India
Policy
• Vehicle tax exemption extended in Haryana
• Punjab gives relaxations to industry
Industry
• Worker unions go to Haryana government again, seek to stop layoffs
• Bizmen hail deferment of consent from PPCB for operating factories
• Kolkata Port Trust moots tunnel under Hooghly river for truck movement
• Italian state lender could buy Autostrade's stake in IPO
• Former central banker Viral Acharya cautions India against deficit financing
• Special insolvency resolution framework for MSMEs at advanced stage: IBBI chief
• Rates for ambulances revised, displayed on website
• India must try for Quadrilateral FTA after closing US trade deal: USISPF
• Banks need to raise and conserve capital in COVID time: Former RBI deputy governor
• Fault lines in last mile connectivity exposed, supply chain needs re-imagining in a post COVID era
• India, UK ready for talks on limited trade deal
• Japan, Britain to protect encryption keys in trade pact
• Government says it is rebooting Indian economy
• Toll roads with fewer cars an unlikely haven for bond buyers
• US-China conflict to impair global trade which is vital for India's reopening: Raghuram Rajan
• CNG price hiked in Mumbai by Rs 1 per kg; auto, taxi and buses to be hit
• MoS Finance takes to Twitter to resolve grievances of common man, businesses
Passenger Vehicle
• Covid-19 worries steer demand for used vehicles in Bengaluru
• Tata Altroz XT variant updated with auto climate control
• Chinese electric vehicle maker Li Auto aims to raise up to $950 mln in growth push
• Electric carmakers bet New Yorkers want four-wheeled freedom
• BMW unveils X7 Dark Shadow Edition SUV
Commercial Vehicle
• 51 Tata Ace trucks exported from India to Bangladesh
• Londons Covid-safe commute idea on alternative mass transportation mode: Open-air buses
• Payday soon for KSRTC, BMTC employees
• Himachal government to develop software for deciding bus fares in line with diesel prices
Two Wheelers
• Simple Energy in talks with investors to raise USD 1 mn
• Harley-Davidson's results likely to reflect another quarter of coronavirus pain
Aftermarket
• Karnataka: Lack of data delays relief for auto and cab drivers
Auto Components
• Hindustan Copper aims to raise ore production capacity to 20 MTPA
• ArcelorMittal challenges Gujarat Government, Essar Group over Hazira port licence
Tyres
• Tyre market ravaged in northeast Delhi riots back in business
Oil & Lubes
• BPCL offers voluntary retirement scheme to employees ahead of privatisation
• Diesel price nears Rs 82 a litre after 15 paise increase
• June oil imports lowest in nearly nine years; none from Venezuela
• Plea in Dealhi HC seeking remedial steps to lower fuel prices
• Bring diesel under GST, claim lorry owners in Tamil Nadu
International
• Schlumberger eyes deeper cost cuts as oil rout triggers $3.7 bln charge, shelves 21,000 jobs
• Supervisors at Antofagasta's Centinela copper mine in Chile agree to extend negotiations
• China imports more oil from Saudi than any other country in June
 
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