Morning Daily - 2020-07-29

ETAuto Newsletter | Wednesday, July 29, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• EVs, battery waste and million-dollar opportunity
• Consumer mobility and dealership retail trends: International investment opportunities - Audio interview
Top Stories
• Tata Group announces Thierry Bollore as the new CEO of Jaguar Land Rover
• Why buying a vehicle may be more affordable from August
• Automakers betting big on compact SUVs to drive demand
• Nissan sees $4.5 bln annual operating loss as pandemic hinders turnaround efforts
• Going local a bigger challenge than expected for the automobile industry Business-standard.com
• Tyre exports remains flat at Rs 12,840cr
• Survival kit for auto dealers: shrink size, move workshop to suburbs, find new ways to make money ET Prime
• Hyundai, Kia cautiously optimistic about global economy recovery HBL
• The Auto Industry Is Recovering 'Faster Than Expected,' Analyst Says Finance.yahoo.com
• Maruti Suzuki India makes digital a critical part of its business model HBL
• Drivezy to liquidate vehicles after demand nearly halves in three months HT MINT
• Elon Musk is weeks away from next multibillion-dollar payout HT MINT
• Harley-Davidson reboots business as coronavirus hammers earnings HT MINT
• Tesla's China Exposure Is Outright Scary Forbes
• GM to increase production at Fort Wayne truck plant Detroit News
• Automakers Improving Online Shopping & Increasingly Offering Online Ordering CleanTechnica
• When Leaders Are Screamers: How To Coach A Volatile Executive Forbes
Industry Reports
• Understanding Trusted Information Security Assessment Exchange (TISAX)
Policy
• West Bengal waives tax penalty for all commercial vehicles except private buses
Industry
• Mini lockdowns need to go for building on revival signs: CII
• Delhi will have to wait for European-style roads
• Govt taking steps to attract FDI in Infra to address liquidity crunch: Gadkari
• It's time to develop software products of our own: IT Secretary
• Italy will help auto sector in next stimulus drive: Minister
• Rupee settles almost flat at 74.84 against US dollar
• Sensex, Nifty open higher tracking global peers; auto, IT stocks gain
• Indian oil, France's Total form JV to make superior quality bitumen
• Express logistics company Gati appoints Shashi Kiran Shetty as chairman
• 48% of exports related to MSME sector: Nitin Gadkari
Passenger Vehicle
• Thousands of Daimler employees trim hours to save jobs
• South Korea launches safety probe into Tesla vehicles
• General Motors deserves more faith from shareholders than Ford
• Tesla rival will offer semi-automated Lucid Air sedan in early 2021
• Tesla says took payroll benefits to offset coronavirus shutdowns
• German car sector among biggest winners as export expectations pick up: Ifo
• Toyota Kirloskar Motor to launch Vitara Brezza based compact SUV this festive season
• Skoda Auto India offers virtual product demo for online retail
• Peugeot maker PSA reaffirms margin goal after H1 sales slide
• Volkswagen paid $9.8 billion to US consumers in dieselgate settlements
Commercial Vehicle
• Delhi: 250 more AC buses may hit roads by September
• Bengaluru: BMTC may not induct 300 e-buses under FAME-II
Two Wheelers
• Royal Enfield launches doorstep motorcycle service with 800 bikes
Aftermarket
• Zoomcar partners with ETO Motors to boost shared electric mobility
Auto Components
• ASMI sees lower sales in third quarter after solid Q2
• SLR Metaliks continues capacity expansion on hopes OEMs logging V-shaped growth
• 200% sure we will bring down Chinese imports to zilch: Seshagiri Rao of JSW
Tyres
• Michelin cuts earnings targets due to coronavirus crisis
Auto Technology
• This IIT-Madras research may reduce vibration during car rides
Auto Finance
• BattRE Electric collaborates with ZestMoney for EMI solutions
• Mahindra Finance Rs 3,088.82 crore rights issue to open today
Oil & Lubes
• Indian oil refiners cut runs as fuel demand dips, margins fade
• Oil price rises after surprise drop in US inventories offsets demand concerns
• Petrol, Diesel price rise checked for second consecutive day
International
• German court opens proceedings over Volkswagen labour pay
• Americans are driving older cars as workers stay home, economy slows
• UK watchdog to ban interest rate-linked car finance commission
• Gulf Oil partners with McLaren to announce multi-year partnership
• German business morale brightens, but second virus wave threatens outlook
 
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