Morning Daily - 2020-08-14

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ETAuto Newsletter | Friday, August 14, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• SC allows registration of BS-IV vehicles sold before lockdown
• ETAutoTV: Impossible to imagine supply chain ecosystem without China any time soon, says Baba Kalyani, Bharat Forge
• Maruti to quit 39-year-old Gurugram plant, but stay in Haryana to look for an alternative
• VECV acquires Volvo Buses operations in India
• Tata Motors dealers reach out for support
• Hero MotoCorp Q1 net profit plunges 95% to Rs 61 crore; revenue drops 63%
• Brezza to Fortuner, SUV sales have picked up. But a recovery to pre-pandemic levels is still elusive. ET Prime
• Lockdowns in July and August hit Royal Enfield sales by 20%
• HMSI to focus on rural market, entry level segment
• Maruti aims to increase volumes in mid-size SUVs HT MINT
• Logins from Taiwan & Hong Kong IPs found during June cyberattack on NHAI
• GoMechanic appoints Rakesh Sidana as Assistant Vice President
• Ashok Leyland confident about better times ahead HBL
• Interpreting the Sonets rhythm HBL
• Royal Enfield jumps on electric bike bandwagon Moneycontrol
• Of the Yamaha partnership and e-mobility HBL
• HMSI to power Honda global ride HBL
• Hope fuels rally in Ashok Leyland shares despite few signs of revival Livemint
• Motherson Sumi: Declining losses at greenfield plants to aid margins Business-standard.com
• The illusion of a revival in the countrys agricultural sector HT Mint
• Tesla is leaving the current S&P 500 index's performance in the dust TESLARATI
• Tesla Vehicles Are Gaining Value On Credit Karma CleanTechnica
• Creating An Attractive Employee Benefits Package: 11 Tips From HR Experts Forbes
Industry Reports
• Changing Gears 2020: How digital is transforming the face of the automotive industry
Industry
• Michigan plans dedicated road lanes for autonomous vehicles
• Goyal holds meeting with industry, discusses ways to reduce imports in auto sector
• Chakan industries body helps workers deal with stress via online counselling
• National Highways Authority of India forms SPV to fund Delhi-Mumbai Expressway
• Retail inflation rises to 6.93% in July from 6.23% in June
• French car sales continue to bounce back in August
• Sale, registration of EVs without pre-fitted batteries welcome, but more incentives needed: Cos
• Mitsubishi Corp forecasts $2.8 bn hit to annual profit from COVID-19
• CARE Ratings reaffirms Tata Motors' credit rating across borrowing facilities
• Scrutiny of tax returns has been cut to one-fourth after reforms: PM Modi
• Lanxess exits leather chemicals business to cut auto industry dependence
• Sensex rises over 100 pts in early trade; IT stocks shine
• Rupee opens flat at 74.83 against dollar ahead of inflation data
• Nikola says open to cooperation with Hyundai Motor on hydrogen technology
Passenger Vehicle
• Mazda-Toyota boosts investment in Alabama plant by $830M
• Daimler agrees to U.S. diesel settlements worth nearly $3 billion
• Honda Amaze compact sedan sells 4 lakh units in India
• Maruti Suzuki Alto crosses 40 lakh sales mark
• Hyundai launches Elantra N Line, says hybrid electric in pipeline
Commercial Vehicle
• MP: Strike ends, truckers association to meet transport minister today
• Tata launches Indias largest tipper truck Signa 4825.TK
Two Wheelers
• Eicher Motors revenue cracks by 66% in Q1, net loss at Rs 55 crore
Aftermarket
• Judge rejects Uber, Lyft bids to delay California driver injunction
• AutoZone to hire more than 20,000 US employees
• Vroom seeing more used-car demand than we can currently fulfill: CEO
• Pandemic delivers first crisis lessons to Southeast Asia's Grab
• Covid leaves Chennai cab industry dented
• Yamaha launches online sales platform in India
• Skoda Auto launches expands footprint in Bengaluru with new dealership
• Hyundai India launches Mobility Membership program
Auto Components
• Volkswagen to make electric car cells, battery packs in U.S.
• Chilean regulator preps sweeping Atacama review as it abandons SQM legal battle
• London Metal Exchange plans low carbon aluminium platform
• Thyssenkrupp faces pressure to fix steel unit as losses mount
• European battery makers power up for a green recovery
• Steel Strips Wheels bags order worth over EUR 1,43,000 from EU
Tyres
• ED sought freezing of bank accounts of J K Tyre & 8 others under PMLA
Oil & Lubes
• BP says oil output at Azeri projects falls 8% in H1
• S.Korea's SK Innovation hires Citi for possible SK Lubricants sale
• Oil edges lower after OPEC report, U.S. stocks draw supports
International
• California startup aims to tackle battery degradation in electric cars
• Phillips 66 to reconfigure California refinery for renewable fuels
• China's booming metal imports an echo of the last crisis
 
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