Morning Daily - 2020-08-03

ETAuto Newsletter | Monday, August 3, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• Auto Sales Analysis: Domestic sales improve; consumer sentiments positive
• ETAutoCast: Covid-19 & powertrain strategies
Top Stories
• COVID-19 impact: Rise in number of first-time buyers, additional purchase, says Maruti Suzuki
• Chinese carmakers bid for government EV tender faces hurdle
• Indian parts makers gain as auto cos look outside China
• Double-digit growth will signal revival: R.C. Bhargava HT MINT
• Focusing on localisation to de-risk biz from supply chain challenges, forex fluctuations: Toyota
• Helmets to come under BIS norms soon, Government notifies
• Future cars will be software on wheels. An ex-Tesla engineer from India gets ready for the race. ET Prime
• Pandemic has 'peaked out' globally, market to revive in 2021: Hildegard Wortmann, Audi AG
• Sugato Sen superannuates as Deputy Director General of SIAM
• India Pistons CMD, N Venkatramani passes away
• FCA India recalls 547 units of MY20 Jeep Compass
• Carmakers borrow industry-leading $132 billion to weather Covid-19
• Auto sector may continue to come under covid pressure amid curbs HT MINT
• Renault lines up new models, takes rural market road to cement position in India
• Escorts to spend 250 crore on new product development HBL
• Auto sales recovery may not reflect correct picture, say experts Business-standard.com
• Japan's battery startups take the world beyond lithium ion Nikkei Asian Review
• Love him or hate him, Elon Musk is enjoying a spectacular run Livemint
• GM lashed over Holden dealer treatment Forbesadvocate.com.au
• FCA employees make impact through charity and technology Automotive News
• Volkswagen's Herbert Diess Has A Plan To Transition To EVs & Save The Company - Will The Board Let Him Execute It? CleanTechnica
• Electric Ram Truck All But Confirmed, But It Will Be a Slow Burn Autoevolution
• Why CEOs Need To Involve Marketers In Employer Branding Forbes
Monthly Sales
• Maruti Suzuki July domestic sales grow 1.3% to 101,307 units
• M&M July sales slump 36% to 25,678 units
• Hyundai recovers 98% of year-ago domestic sales volume at 38,200 units in July 2020
• Honda Cars India domestic sales tank 48% to 5,383 units in July 2020
• Toyota Kirloskar Motor's sales dips 48.32% to 5,386 units in July 2020
• Renault India July sales soars 75.5% at 6,422 cars
• MG Motor India sells 2,105 units in July
• Hero Motocorp domestic decline marginally at 506,946 units in July
• Honda 2-Wheelers' July 2020 sales down 36.82% at 3,09,332 units
• TVS Motor sales decline 9.5% to 252,744 units in July
• Suzuki Motorcycle India sells 34,412 units in July 2020
• Ashok Leyland CV sales down by 56% in July
• M&M domestic tractor sales grow 28% to 24,463 units in July 2020
• Escorts tractor July sales up 9.5%; expects plants to hit full capacity this month
Industry
• Andhra Pradesh, Tamil Nadu see max GST decline in Q1
• 1 crore migrant workers back home, just 2.4 lakh outside: Government
• IRB Infra receives LoA for Vadodara-Mumbai Expressway stretch
• FPIs net buyers for 2nd month in July; invest Rs 3,301 cr
• Pune, PCMC areas see most vehicles registered in Maharashtra
• RBI's Monetary Policy Committee meets next week amid urgency to revive growth
• Brexit: UK, EU set timetable for crunch talks to beat Oct deadline
• India's export order books improving but labour shortage is still an issue, say exporters
• 'China rocks' while Americans are entitled, complacent: Elon Musk
• Government widens ambit of Rs 3 lakh crore MSME credit guarantee scheme
• A contrasting tale of two economic giants on the opposite sides of the Atlantic
• RBI likely to pause on rate cuts on August 6 due to spike in inflation
Passenger Vehicle
• Elon Musk suggests Teslas headcount could surge 35% this year
Commercial Vehicle
• Kolkata auto unions cut down routes, start check-ups after 2 drivers test positive
• KSRTC long distance inter-dist services from August 1 put on hold
Two Wheelers
• Fresh air and fear of mass transit puts bicycles back on Mumbai streets
• Amid pandemic, mopeds have a moment in car-loving US
Auto Components
• Indian steel market showing signs of recovery after COVID-19 pandemic: Aditya Mittal
• Automotive lighting market to reach USD 28.77 billion by 2026: Report
Auto Technology
• Hyundai i30 set to be companys first upgraded Bluelink-equipped car
Automotive
• Escorts Ltd bets on agri-business division to drive overall performance this fiscal
Oil & Lubes
• Oil price edges lower on oversupply concerns as OPEC+ set to raise output
• CNG vehicles up 9% in Mumbai region in a year, most are cars and autos
• OPEC oil output rises by 970,000 bpd in July
• India's June crude oil imports lowest in over five years; exports dip
International
• Chinas EV makers target drivers who cant afford a Tesla
• Italy calls new meeting on August 5 to sign settlement deal with Autostrade
• Chilean regulators scrap lithium miner SQM's environmental plan
 
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