Morning Daily - 2020-08-15

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ETAuto Newsletter | Saturday, August 15, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Can de-linking battery from EVs boost sales in India?
• ETAutoCast: Police push to fast-track EV adoption?
• Auto majors welcome retail sales numbers, SIAM to stay with wholesale numbers
• Expected good harvest seen boosting demand for tractors and harvesting machines
• An IST approach to get India to shine on world stage: Guenter Butschek @businessline
• Mega auto sector deals in the slow lane as Covid scuttles plans
• Brezza to Fortuner, SUV sales have picked up. But a recovery to pre-pandemic levels is still elusive. ET Prime
• Hero gears for festive season, hopes to ride on robust rural demand HT MINT
• Volta Trucks appoints Seshu Bhagavathula to its board of directors
• Next few months are critical in reviving country's economy, says Niti Aayog Vice Chairman
• Highway stretches may be offered for as low as Rs 1,500 crore to attract domestic companies
• India can emerge as great destination for countries searching for import alternatives: Gadkari
• Cautiously optimistic of reaching pre-Covid sales by Dec-end: JK Tyre CMD Business-standard.com
• MRF Q1 results: Profit falls 95% at Rs 13 crore
• Helmets have now become lifestyle products, says Studds Accessories chief HBL
• Greaves Cotton: Basavanhalli to relinquish executive responsibilities; Venkataraman steps in HBL
• Hyundai Kona sets new range record of over 1000 kms in single charge Livemint
• M&M delivers 20 BS6 Supro Ambulances to ambulance services StanPlus HBL
• EVs Storm To 500,000 Sales In Europe, But Where Is Tesla? Forbes
• What's Happening With Tesla Stock? Forbes
• Urban Autonomy: The Next Stage Of Self-Driving Forbes
• UAW cuts off Williams after costly legal fight The Detroit News
• Elon Musk says two-factor finally coming to Tesla app TechCrunch
• Grid Coordination Opens Road For Electric Vehicle Flexibility CleanTechnica
• Top 10 HR Situations I Never Thought I'd Deal With Forbes
Industry Reports
• Automotive sector: Key considerations for the proposed online sales model
Industry
• Indonesia auto sales pick up in July
• Better performance of CPSEs will help economy revive: Sitharaman
• UK bailout talks for Jaguar Land Rover and Tata Steel fall through
• Forex reserves climb $3.62 bn to record $538.191 bn
• Electric vehicle rider for future projects in Noida
• RBI approves dividend of Rs 57,000 crore to government
• Exports fall 10.21% in July, trade deficit narrows to $4.83 billion
• MSMEs request measures for smooth operations of Industries
• Odisha amends industrial policy to boost economic activities
• Sensex settles 433 points lower at 37,877; Nifty ends below 11,200
• Rupee inches 3 paise higher to 74.81 against US dollar in early trade
• Trucks, excavators to help push China's diesel demand to record
• Eicher Motors shares tank nearly 5% on weak Q1 numbers
• E-vehicle manufacturers in Ludhiana demand GST reduction on batteries
• Asia stocks, currencies fall as China data dents recovery hopes
• Shriram Transport Finance Q1 net profit falls 50% to Rs 320 cr
Passenger Vehicle
• Porsche plans new plant for car bodies in Slovakia with up to 1,200 jobs
• U.S. judge rejects GM bid to reopen racketeering case against Fiat Chrysler
Commercial Vehicle
• No bookings for Konkan, private bus operators stumble on e-pass hurdle
• Kinetic Green looks to e-commerce, home delivery to grow in Covid times
Two Wheelers
• Honda integrates Android Auto to Gold Wing Series motorcycles
Aftermarket
• Hyundai offers 7-day Freedom Drive for car maintenance
Auto Components
• Hindalco Industries posts Q1 loss of Rs 709 crore
• China iron ore jumps on strong demand from mills, supply concerns
• Nickel rallies; here's how others may fare
• China July aluminium output hits record amid stellar price rally
• Shanghai copper set for weekly loss as China data disappoints
Oil & Lubes
• Indian refiner BPCL cuts 2021 spending plans by 36%
• Rosneft back in profit in second quarter, oil output down 13%
• Oil refiners shut plants as demand losses seen continuing
• Oil prices rise, head for weekly gain amid cautious hopes for fuel demand recovery
International
• US manufacturing output rises strongly in July, but still below pre-pandemic levels
• Pandemic to hit Japan's economy more than expected, US-China tension adds to concerns
• German economy will grow strongly in third quarter but full recovery will take time
• California posts final regulations under landmark digital privacy law impacting consumers, businesses
• Slovak economy drops less than expected in Q2, helped by revival in auto sector, small business
 
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