Morning Daily - 2020-08-01

ETAuto Newsletter | Saturday, August 1, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• What are the two wheeler sale trends in FY'21 so far?
• Covid risk in rural areas can hamper incoming demand
Top Stories
• Tata Motors posts Rs 8,438 crore net loss in Q1 FY21
• Supreme Court says no BS-IV vehicles to be registered till decision on their sale during lockdown
• Truck maker Scania confirms plan to cut 5,000 jobs
• HMSI looks to expansion of exclusive channels for premium bikes to tide over Covid-19-related woes: Yadvinder Singh Guleria HBL
• ZF forms new division for electric drivelines, appoints Stephan von Schuckmann as head
• TVS Motor Company to focus on boosting exports volumes in the next five years HT MINT
• Future cars will be software on wheels. An ex-Tesla engineer from India gets ready for the race. ET Prime
• Kia Motors India sells over 1 lakh cars in 11 months
• Two-wheeler makers pinning hopes on festival season HBL
• Will soon launch land banks available with some states for industry: Piyush Goyal
• FinMin working with RBI on need for loan restructuring: FM Nirmala Sitharaman
• Automakers Hype Hacking Threat To Sink Pro-Repair Measure Forbes
• Mazda Surprises With World Premiere Of Hybrid Version Of MX-30 Electric SUV At Rare Car Event Forbes
• The Auto Industry Has Borrowed An Absurd Amount Of Money To Get Through COVID Jalopnik
• GM's Ultium Battery Factory Is Sprouting Up In Ohio CleanTechnica
• What's Next For Technology-Driven Ventures In Turbulent Times Forbes
Industry Reports
• Driving the Future
Industry
• NHAI clears Rs 4k cr project; to provide faster connectivity to Chandigarh from Ludhiana
• Plug it in: Electric car charging station numbers are rising
• EEPC urges Centre for restoration of MEIS benefits
• Eight core industries' output contracts 15% in June
• Government looks to expand small business loan coverage
• Chinese electric vehicle maker Xpeng raises another $300 mln, sources say
• Sidbi, Transunion Cibil partner to launch portal to help MSMEs
• Ampere Electric partners with OTO Capital for vehicle leasing plans
• Rupee rises 15 paise to 74.69 against US dollar in early trade
• Sensex rises 50 points in early trade on earnings
• Bold govt reform that triggers animal spirits needed for Indian economy: Raghuram Rajan
Passenger Vehicle
• Ford will defer some quarterly payments on US Energy Department loan
• Fisker SPAC shares fall 20% after electric carmaker reports delays in Volkswagen deal
• Demand for Tesla vehicles remained strong during pandemic, says Elon Musk
• GM partners with EVgo to add 2,700 new fast chargers in U.S
• VW group CEO says management reshuffle 80% completed
• Fiat Chrysler muscles through, green shoots in North America
• Fiat Chrysler posts lower-than-expected operating loss in second quarter
• Chairman of China's automaker BAIC, Xu Heyi to retire
• Volkswagen's Skoda deliveries fall 31%, expects markets to stabilise
• Mazda braces for biggest annual operating loss as car sales slump
• NMAMIT, Nitte transforms petrol car to electric
Two Wheelers
• HMSI commences bookings for Honda Fireblade
Aftermarket
• NYU launches coronavirus safety training for Uber, Lyft drivers as many return to work
Auto Components
• Umicore warns of inventory surplus after weathering auto slump so far
• Rio Tinto injects extra $200 mln in Jadar lithium project for feasibility study
• Tesla supplier LG Chem sees growing battery sales in Q3
Auto Technology
• ABB India opens new robotics facility in Bengaluru
Oil & Lubes
• Indian Oil Corp to continue to operate its refineries below capacity in 2020/21
• 2 outlets start sale of CNG in Nashik
• Diesel run ends in Delhi, now Rs 8.38/litre cheaper
• Prisoners to be employed in petrol pumps in Kerala
• Oil prices bounce back from 3-week lows, but economic headwinds loom
International
• Spain used 40% less motor fuel in second quarter as virus curbed movement
• Mexico's Alfa to spin off rest of Nemak stake, shares surge
• German economy shrinks at record pace in recession of a century
• UAE oil trader GP Global uncovers fraud among employees
 
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