Morning Daily - 2020-08-04

ETAuto Newsletter | Tuesday, August 4, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Tata Motors to drive in foreign partner in India passenger car biz
• Maruti, Hyundai to ramp up production to peak FY18 levels Livemint
• 6-fold rise in Delhi car sales since May shows economy is shifting gears
• Tata Motors charting out disciplined growth path despite challenges: N Chandrasekaran
• Skoda Auto appoints Thomas Schfer as Chairman of the Board
• Opinion: The Indian EV Policy Puzzle
• Future cars will be software on wheels. An ex-Tesla engineer from India gets ready for the race. ET Prime
• India's factory activity contracted at a sharper pace in July
• Suzuki Q1 profit nearly wiped out as coronavirus hits sales
• Pune auto parts firm suspends operations after 120 staffers test positive
• Demand for diesel declines 12.5% over the previous month, petrol 1% lower in July
• Apollo Tyres to consolidate, de-risk by expanding into new geographies: Vice-Chairman Neeraj Kanwar HBL
• A monthly pickup fails to enthuse auto investors wary of slowdown Livemint
• The Dirty Secrets Of 'Clean' Electric Vehicles Forbes
• Opinion | RBI should not delay expected rate cut to October HT Mint
• Opinion | The PMI letdown HT Mint
• VW Starts Ghana Assembly After Partial Ban on Used-Car Imports Bloomberg.com
• Wall Street not so sure about the resiliency of Detroit automakers during the pandemic CNBC
• Mitsubishi eyes car production in Myanmar Nikkei Asian Review
• China's Evergrande unveils six EVs as race to beat Tesla heats up Nikkei Asian Review
• When Arab-American Detroit Auto Workers Struck for Palestinian Liberation Jacobinmag.com
• 13 Human Resources Trends Expected In H2 2020 Forbes
Monthly Sales
• Bajaj Auto July 2020 sales slump 3% at 2,55,832 units
• Royal Enfield July 2020 sales dips 26% at 40,334 units
Industry
• Another rate cut from RBI, or could it get more creative?
• Kamrup Metropolitan DTO, 3 others suspended for motor vehicle tax irregularities
• What triggered Tata Motors rally in a depressed market
• With eye on China, India looks to increase barriers on imports from Asia
• Government working to enable micro finance institution to help smallest of businesses: Gadkari
• Car owner wins, insurer asked to settle his claim
• Love him or hate him, Elon Musk is enjoying spectacular run
• Slower decline of Japan's July factory activity raises recovery hopes
• Telangana transporters plan protest over tax, insurance waiver
• Rupee slips 12 paise to 74.93 against US dollar in early trade
• Asia's factory pain eases as China's activity jumps
• Sensex tumbles over 300 points; Nifty slips below 11,000
• Himachal Pradesh transport department services go online
• India's road to recovery gets bumpier in July, thanks to local lockdowns
• Dollar wobbles as investors grow anxious about pandemic toll on US economy
• Why RBI MPC should lower policy rates
• British trade minister to meet top US officials this week: USTR
• RBI policy, macro data, cos' earnings to decide market course this week: Experts
Passenger Vehicle
• GM asks judge to reinstate racketeering case against rival Fiat Chrysler
• US auto sales pandemic recovery continues as Toyota decline slows
• Ferrari lowers guidance after Q2 profits nearly wiped out
• Railways stress on transporting cars by trains to reduce carbon emissions
• Spanish factory activity grows in July after long lockdown, car sales up
• Russian regulator backs Hyundai purchase of GM plant in St Petersburg
Commercial Vehicle
• MSRTC to pool in goods from industries for viable transport
Auto Components
• Vitesco Technologies forms JV with Padmini VNA for clean mobility powertrain solutions
• Copper hits 3-week low as dollar firms, virus fears weigh
Oil & Lubes
• Oil prices drop on fuel demand worries as coronavirus flares up
• Petrol, diesel prices unchanged on Monday
International
• Pandemic revs up race for US online car sales
• EV maker Lordstown Motors to go public by merging with blank check firm
• US judge denies claims Uber won price-fixing suit because arbitrator was scared
• Russian dealer looks to zero customs tariff to lift Tesla sales
• Exor and Covea agree investments to settle relationship after failed PartnerRE deal
 
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