Morning Daily - 2020-08-19

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ETAuto Newsletter | Wednesday, August 19, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Covid-19 Impact: Yamaha India initiates job-cuts, restructuring
• India urges auto companies to cut royalties to foreign parents
• SC releases order on BS-IV vehicle registration; clarifies relief only due to lockdown
• Chinese SUV giant, Great Wall Motors waiting for green light to enter India
• Volvo India looks to assemble all its models locally from next year
• Tata Motors denounces JLR stake sell rumours
• Pilots on mission-mode to slack supervision: probe agency exposes grave safety lapses at SpiceJet ET Prime
• Daimler says India truck demand to take three years to return
• ETAutoTV: Electrifying Intra City Logistics
• AIMTC urges RBI to extend EMI moratorium for road transport sector till Dec 31
• Uttar Pradesh govt eases norms for establishing MSME units
• Delhi EV Policy provides another push for faster e-2W adoption: ICRA
• Maruti: Why Small Is Big, Once Again Forbes India
• Biggest trucker in India to scrap 15% of fleet in 'lost year'
• Toyota launches subscription programme
• Mercedes-Benz may face German sales ban after Nokia wins patent ruling
• Motor Insurance In India Has A New Hope In Digital Forbes
• 'Am Relieved, But Not Euphoric': Maruti's Shashank Srivastava Forbes India
• Will our economic recovery be led by better profits or wages? HT Mint
• Migrant workers returning to work in Pune's auto hub @businessline
• Bosch: Investors should wait for recovery, consistent growth trends Business-standard.com
• Your New Vehicle Should Have Apple CarPlay Or Android Auto-Here's Why Forbes Wheels
• Demand for used cars increases amid coronavirus pandemic ABC7 New York
• Uber mulls franchising in response to California labor law Automotive News
• Hamburg Will Get 530 Electric Buses In 2021-2025 CleanTechnica
• Electric Cars Can Save Billions... And Prevent Thousands Of Premature Deaths Annually CleanTechnica
• Radio Flyer teams up with Tesla to launch a tyke-sized Tesla Model Y TechCrunch
• Xos Trucks raises $20M to put more of its electric commercial trucks on the road TechCrunch
• Why Should You Have An Accountant For Your Small Business? Forbes
• Brand Connect: Imperial Auto Industries acquires SBR, expands German footprint
Industry Reports
• Automotive sector: Key considerations for the proposed online sales model
Policy
• Buses may be allowed to carry more passengers
Industry
• Dharmendra Pradhan asks steel industry to enhance spending to boost consumption, create jobs
• Divest governance of PSBs from government: N S Vishwanathan
• ADB approves $1 billion package for Rapid Transit System in India
• Govt considering giving MSME status to dealers: Gadkari
• Fitch sees India's auto demand plunging over 20% in FY21
• Rupee settles 12 paise higher at 74.76 against US dollar
• Rupee surges 11 paise to 74.77 against US dollar in early trade
• Okaya to provide EV charging stations to Prakriti E-Mobility fleet
• Covid-hit Indian economy may have shrunk 14-26% in Q1, say economists in ET poll
Passenger Vehicle
• Volkswagen Mexico reaches deal with union over new collective contract
• Cesare Romiti, who steered Fiat through tough times, dies
• Would love to have my Maruti 800 back with me: Sachin Tendulkar
• Tesla clashes with China e-commerce site over Model 3 promotion
• EV startup Canoo to go public with blank-check firm at $2.4 billion valuation
Commercial Vehicle
• Etrio launches retrofitted electric LCV priced at Rs 7.75 lakh
• Commercial vehicles may cease to exist if new licence rule comes into force in Jharkhand
Two Wheelers
• New electric 2-wheelers launched by C K Motors
Aftermarket
• Daimler launches Bus Care drive
• Uber auto ridership at 80% of pre-Covid levels in Delhi
• BluSmart expands its ride-hailing services in Delhi
• MG Motor India partners with Zoomcar for vehicle subscriptions
• Okinawa begins doorstep delivery of e-scooters in Bangalore
Auto Components
• ArcelorMittal Nippon Steel India is keen on expanding its footprint in India: CEO Dilip Oommen
• Copper eases amid U.S. stimulus uncertainty, weaker dollar trims losses
• Iron ore futures surge on China steel demand, spot price at 13-month high
Tyres
• Continental launches new range of passenger vehicle tyres in India
Oil & Lubes
• Oil prices skid as concerns over U.S. demand recovery seep through market
• Petronet Q1 net profit slips 7%
• Maharashtra: Petrol dealers allege fuel oil being mixed in diesel instead of bio-diesel
International
• China slows crude oil storage flows slightly in July
• Russia's Sibur starts construction of massive polymer plant
• Total resumes Angola oil drilling
 
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