Morning Daily - 2020-08-10

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ETAuto Newsletter | Monday, August 10, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• Covid takes a toll on dealer development as cost-cuts and downsizing become the norm
• ETAutoCast: Collapsing auto sector & future of aluminium
• Opinion: Road ahead for Indian auto industry - Short term vis--vis long term recovery
Top Stories
• Govt proposes separate emission norms for agri machinery and construction equipment
• India lacks in ease of doing biz: Volkswagen
• Delhi's EV policy aims to electrify 50% 2W fleet of delivery companies by March 2023
• Global cos eyeing SsangYong stake as Mahindra looking to scale down role in loss-making biz
• EV makers want Delhi govt to look into exclusion of lithium scooters in new policy
• Kia Motors expects delay in new model launches due to COVID-19
• Raw material constraints, local curbs pose potent risks to M&M's recovery Livemint
• Expect sales volume to improve in festive season, positive recovery in Oct-Mar period: Honda
• Deepak Shetty appointed as Deputy CEO and Managing Director of JCB India
• Auto firms brace up for the festive season with slew of new launches Business-standard.com
• Delhi: No Covid effect? Fancy numbers for cars and two-wheelers find takers in July
• Yulu to focus on long-term rentals, add 1 lakh electric bikes by 2021 HT MINT
• Opinion | RBI plays revive note, will FinMin do an encore? HT Mint
• Cobalt Squeeze Threatens The Electric Vehicle Boom Safehaven
• China Vehicle Sales Begin To Recover Forbes
• As Ford CEO, Farley must nail key vehicle launches Automotive News
• A family's $35 billion fortune evaporates in a blink Fortune
• Stand Out In Today's Crowded Job Market Forbes
Industry Reports
• Driving the Future
Policy
• Nagpur: Now, drive at 60 kmph in city for a month
• Mizoram bans entry of vehicles carrying non-essential goods out of Covid fear
Industry
• China not the most competitive producer in 82% imports: Study
• FPIs remain net buyers in Aug 1st week; pump in Rs 8,327 cr
• Japan unsuccessful in lifting auto tariffs early in UK trade deal
• Asia-Pacific may see $31.4-54.3 bn remittance losses due to COVID-19: Asian Development Bank
• Indians outlook to personal financial matters changes in COVID-19 aftermath: Survey
• Musk's Boring Company gets nod to expand Las Vegas Loop tunnels
• India attracts USD 22 billion FDI during COVID-19: Amitabh Kant
• For self-reliant India, MSMEs and industries to be made import substitute, cost-effective: Gadkari
• Inflation is coming, and big tech won't protect you
• Trichy semi-ring road project deadline extended for 3rd time
• Arvind Panagariya cautions govt: Import licences will be a complete violation of WTO
• July exports 91% of last year, freight train speed double of 2019: Piyush Goyal
• Spike in PUC compliance after lockdown in Delhi
• Target of three years set to make MP 'aatmanirbhar': Shivraj Singh Chouhan
• Pandemic leaves Himachal transport sector bleeding
• Nitin Gadkari exhorts industry to identify sectors to boost exports, make India 'self-reliant'
• Taxpayers deserve better services, they are nation-builders: Nirmala Sitharaman
• Sea and road transport recover after easing of lockdown restrictions: Ind-Ra
• Canada to impose retaliatory tariffs on US goods, hopes for resolution
• US, India begin purging Chinese infiltration into not just territory, but economy too
• Loan restructuring plan shows India's financial sector is short on capital and truth
Passenger Vehicle
• Hyundai expects new family of Ioniq vehicles to drive global EV sales
• Hyundai Motor shares rise as much as 10% on EV plan announcement
• Fuelled by Volvo, China's Geely seeks launchpad to enter auto giant orbit
• Indian-American student Randeep Hothi sues Tesla CEO Elon Musk
• EV Startup Canoo Is Said to Be In Talks for Hennessy SPAC Deal
• Road test: Chinese 'robotaxis' take riders for a spin
• Chinese EV maker Xpeng files for US listing after rival surges
Commercial Vehicle
• Crowded share autos back, may turn Covid-19 spreaders
• Tax waiver may bring more buses on Kolkata road
• As losses mount, Haryana decides to ply all buses at full capacity
• Soon, buy e-tickets on phone, find bus routes in Delhi
• Punjab transport department records 81% shortfall in July
Two Wheelers
• K'taka takes crowdsourcing route to draw cycling maps in B'luru
Aftermarket
• Renault expands sales, service network in April-July period
• Tata Motors launches range of car air filters and sanitisation kit
Auto Components
• Amara Raja Batteries Q1 net profit falls 56% to Rs 62.49 cr
Oil & Lubes
• Saudi Aramco says it still plans to pay $75 bln in dividends for 2020
• Oil and Natural Gas Corporation cuts debt by 35 per cent to Rs 13,949 crore
• Gulf energy ministers, Iraq see improving global economy
• Nobel-winning Mexican scientist calls for complete ban on fuel oil
• TSRTC staff to run fuel outlets, corpn eyes Rs 20 lakh/mnth
International
• Russian court bans ride-hailing service Wheely in Moscow for three months
• Canada to slap Can$3.6 bln counter-tariffs on US aluminum
 
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