Morning Daily - 2020-07-28

ETAuto Newsletter | Tuesday, July 28, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Tractor industry may see single-digit growth in FY'21: Escorts
• Automakers forge technological alliances to set up capacity for manufacturing ventilators
• Covid-hit Tata Marcopolo bus plant in Karnataka shut for 8 days
• Auto firms wary of sharing key import data HT MINT
• Auto parts makers shine spotlight on aluminium's role in electric vehicles
• Construction equipment sales volume decline 70 pc in Apr-Jun: Crisil
• Peugeot appoints Matthias Hossann as Design Director
• Maruti drives on digital path, plans to digitise financing
• Survival kit for auto dealers: shrink size, move workshop to suburbs, find new ways to make money ET Prime
• Escorts profit up 6% at Rs 92.68 crore in Q1 FY'21
• Amara Raja forms JV with Blaze to manufacture IoT devices for global markets
• Mitsubishi stares at biggest operating loss in 18 years, to discontinue Pajero SUV
• Infrastructure push can reignite economic growth: RBI Governor
• Automakers hire semi-skilled workers to fill manpower gap HT MINT
• Bajaj Auto unveils new financing plan for KTM 390 bike
• Dwindling cash saps Nissan's ability to rebuild post-Ghosn lineup Nikkei Asian Review
• As demand falls, Uber to focus on B2C logistics services in India HT MINT
• Automakers turn to technical training institutes to hire manpower Livemint
• Encouraging demand for used cars, but challenging year for auto companies: CEO, Mahindra First @businessline
• The financial decision that's helped me save thousands of dollars and travel the world: owning the same car for 12 years Business Insider
• Robert Bosch makes a play to be the global go-to for auto software Crain's Detroit Business
• Sony to refine connected-car sensors via road tests Nikkei Asian Review
• Tough Times Ahead for Iran Auto Parts Makers Financial Tribune
• Lengthy Protocols, Large Capital Expenditures: How Three Global Manufacturers Are Staying Safe During Covid-19 And What It Means For The Future Of Manufacturing Forbes
• Covid-19: ABB Power expect prices to remain under pressure; urges govt for clarity on investment policies HBL
• Baby Bugatti II: The Kiddie Car For The Kardashians Has Arrived Forbes
• Conducting One Specific Type Of Interview Can Boost Employee Engagement Forbes
Industry Reports
• Driving the Future
Industry
• Inspector general to review US EPA vehicle emissions rewrite
• Govt to go ahead with divestment of 23 PSUs cleared by Cabinet: Finance Minister Nirmala Sitharaman
• Trade, technology and security at risk in US-China feud
• Lockdown: MSME relief plan being readied, says Maharashtra minister
• FY20 GST compensation at Rs 1.65 lakh crore, cess mop-up of Rs 95,444 crore: Government
• EVI Technologies ties up with RevFin for EV financing
• Revenue dept plans stern action against 1,417 untraceable risky exporters
• Rupee advances 14 paise to 74.69 against US dollar in early trade
• Sensex, Nifty fall RBI report drags banks; virus cases surge
• RBI may go in for further 25 bps rate cut, feel experts
• Delhi government looks to give economy a shot in arm
• Non-profit organisation urges PM to set up national commission for migrant workers
Passenger Vehicle
• Mitsubishi Motors tumbles to all-time low on shocking ASEAN sales plunge
• Hydrogen champion Hyundai races to electric as Tesla takes off
• BMW to offer fully electric 5-series in emissions push
• Toyota touches 3-million hybrid sales in Europe
• Ford experiments with 4-legged robots at its plant for saving cost and time
Commercial Vehicle
• Ashok Leyland expands its digital solutions for CVs
Two Wheelers
• Discounts, offers by two-wheeler companies disappear this monsoon
Aftermarket
• Eurazeo sets September deadline for last-ditch bids for Europcar
Auto Components
• India's crude steel production at 6.8 million tonnes in June: Steel Ministry
• SSWL bags orders worth EUR 429,000 from EU
• Car parts maker Faurecia targets H2 profit, cash generation
Auto Technology
• Hyundai develops air conditioning technologies for cleaner in-car air
Oil & Lubes
• Oil prices rise on U.S. stimulus hopes, weaker U.S. dollar
• Petrol, diesel price rise on hold again
• Fuel pump owners in Punjab to shut shops on July 29 to protest against high tax rates
International
• Tesla hiring in Shanghai as production ramps up
• Chile judge calls for water study on 'fragile' lithium-rich Atacama salt flat
• China's surging crude imports mask weakness in the rest of Asia, says Russell
 
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