Morning Daily - 2020-07-31

ETAuto Newsletter | Friday, July 31, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Demand from semi-urban India fires up auto sector's engines
• Domestic CV industry volumes to contract 25-28% in FY21: ICRA
• Tyre replacement market can recover and grow in FY21: Anant Goenka, MD, Ceat Ltd
• Toll collection on NHs hits 82% of pre-Covid days
• Delhi cabinet lowers VAT on diesel from 30% to 16.75%
• Maruti expected to gain market share but challenges remain in SUV segment HT MINT
• Future cars will be software on wheels. An ex-Tesla engineer from India gets ready for the race. ET Prime
• Elon Musk's supply-chain dream might come true
• In India, a diminished Nissan bets big on a small SUV
• Maruti, Honda, BMW hone the phygital experience for customer affinity Business-standard.com
• Volkswagen asks US appeals court to reconsider ruling on dieselgate
• TVS Motor's Q1 skid poses risk to its valuation premium over peers Livemint
• When Big B and Mahi came together for TVS Motor HBL
• Wheels India to commence exports of cast aluminium wheels to US @businessline
• Hydrogen's future may follow path blazed by natural gas Livemint
• Risk-averse lenders put brakes on vehicle sales Livemint
• Lambo's jaw-dropping limited edition won't hit roads even post lockdown @businessline
• China'sEV Makers Target Drivers Who Can't Afford a Tesla BloombergQuint
• Scarcity Raises Prices For New Vehicles, Especially Trucks Forbes
• This Leading Automotive Supplier Embraced Industry 4.0 To Drive Manufacturing Intelligence Forbes
• Sonic Automotive Vastly Increases Plans For EchoPark Used-Car Stores Forbes
• Mazda slams brakes on 1.8m auto sales goal after less than a year Nikkei Asian Review
• HR, Here Are 3 Ways You Can Rebuild Trust And Improve The Employee Experience Forbes
Industry Reports
• The Electric Vehicle Inflection Tracker: 2020 Edition
Policy
• UP govt working on global supply chain policy
Industry
• PM Narendra Modi meets financial regulators; discusses measures to revive Covid-hit economy
• Tata Power on track to reduce debt, divest assets: N Chandrasekaran
• Rupee slips 7 paise to 74.87 against US dollar in early trade
• Sensex surges over 200 points; Nifty tops 11,250
• Auto industry set to put brakes on central Europe's Covid-19 recovery
• Assets under management of NBFCs to contract in FY21: CRISIL
Passenger Vehicle
• Ford posts profit, but expects full-year 2020 loss
• China's automaker Li Auto surges more than 50% after Nasdaq debut
• Computing is the new horsepower, says Audi
• FCA launches Jeep Compass Night Eagle edition, price starts at Rs 20.14 lakh
• GMC teases electric Hummer, details revealed
• I'm confident about alliance with Nissan: Renault CEO
• Japan automakers post 21% slump in June global sales
• Carlos Ghosn gone, other Nissan former executive Greg Kelly set to face trial
• Volkswagen says CEO Herbert Diess enjoys full backing from supervisory board
• Hyundai offers variable warranty for Kona EV; enhances charging infrastructure
• Renault posts record loss of 7.3 bln euros as pandemic hits sales
• Volkswagen cuts dividend as H1 profits plunge on pandemic sales drop
Commercial Vehicle
• Uttar Pradesh roadways issues SOPs for bus operations on expressways
Two Wheelers
• UK PM rides made-in-India Hero bike at launch of cycling drive
• Hero Electric partners with Autovert Technologies for subscription-based financing plans
Aftermarket
• Lyft partners with rental group Sixt to target carless city dwellers
• Uber keeps Asia HQ in Singapore, ditching Hong Kong move
• Mahindra Logistics Q1 loss at Rs 17 cr
• UK auto retailers Pendragon, Inchcape to cut jobs
• AUTO1 raises $300 million to develop used-car retail platform
• Rapido bikes to come with back shield
Auto Components
• Wheels India to explore more OEMs in wind energy biz: Official
• DuPont takes $2.5 bln charge tied to auto business, posts wider loss
• Going local: Industries tapping desi markets for raw material
• MAHLE launches condenser for faster charging of electric vehicles
• Panasonic aims to boost energy density in Tesla batteries by 20%
• Australia's Pilbara Minerals says lithium prices may be near bottom
• Australia's Orocobre posts 27% drop in lithium output from Argentina project
Automotive
• CNH Industrial guides for revenue fall up to 20% in 2020, posts lower than expected loss in Q2
Oil & Lubes
• Petrol, diesel prices unchanged for fourth day in a row
• Oil prices slip as Covid-19 case surge dents fuel demand hopes
International
• UK car output plunges to lowest level since 1950s
• Fed chief says coronavirus surge slowing US economic recovery
 
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