Morning Daily - 2020-08-20

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ETAuto Newsletter | Thursday, August 20, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• India plans unaffected by Covid-19: Ho Sung Song, Global President, Kia Motors Corporation
• Auto component industry revenue declines 11.7% in FY20
• Opinion: 9 indicators that the woods are still dark and deep
• Uttar Pradesh govt eases norms for establishing MSME units
• Honda latest patent filings reveal electric motorcycle in works
• TaMo revs up R&D spend in brand of choice quest HBL
• Mercedes-Benz mulls price hike to offset impact of currency volatility
• DGTR starts review on extension of anti-dumping duty on certain Chinese products
• India's auto royalties deserve scrutiny
• How to support international business travelers and employees on assignment in the new normal: Audio interview
• When ACMA's virtual press conference was hacked
• SLR Metaliks invests about Rs 70 crore to boost manufacturing capacity
• Delhi's congestion fee plan to make taxi rides dearer, affect cabbies Livemint
• Superstar Prithviraj loves new Thar's 'feel-good' factor Livemint
• DPIIT to review royalty payments made to firms abroad @businessline
• BASF India acquires 100% stake in BASF Performance Polyamides India Business-standard.com
• Three Hiring Attributes To Make Your Team A Competitive Advantage Forbes
• 14 Ways Artificial Intelligence Will Disrupt Job Searches And Recruiting Forbes
• The Hottest New Electric Car Stock May Come From This Unlikely Source Investors.com
• State Parent of BMW's China Partner Faces Mounting Debt Woes Bloomberg.com
• Automakers urge dealers to enforce strict coronavirus precautions The Detroit News
• Navya pilots self-driving paratransit shuttle on Detroit streets Automotive News
• Detroit and Germany Already Have Their Own Teslas Finance.yahoo.com
• Bollinger Motors plans to sell its electric truck in Canada by 2022 Driving
• Panasonic to invest $100m in EV battery plant in US for Tesla Nikkei Asian Review
• Lucid's new all-electric sedan will let owners send energy to their homes by mid-2021 - TechCrunch TechCrunch
• India's GDP to contract by 20 per cent in first quarter of FY21: Care Ratings
• Banks set to restructure up to Rs 8.4 lakh crore of loans after RBI decision
• Pilots on mission-mode to slack supervision: probe agency exposes grave safety lapses at SpiceJet ET Prime
Industry Reports
• Automotive sector: Key considerations for the proposed online sales model
Policy
• Old registration number can be used for new vehicle in UP
• Soon, public transports in Bihar to be equipped with VLT device
Industry
• Biggest Oil Fund and Its CEO Face Impending SEC Action HT MINT
• Govt starts measures to take over land for NH widening in Kerala
• Kolkata set to get 50 new e-buses
• A look at Chinese central bank's growing India footprint
• Indonesia central bank keeps rates on hold, eases car loan rules
• European companies to expand business in China, not succumb to US pressure
• Rupee falls 22 paise to 75.95 against US dollar in early trade
• Japan's exports plunge amid crush from coronavirus pandemic
• Persistence of retail inflation beyond 6 per cent may lead to rise in interest rates: Report
• All NBFCs can now provide MSMEs loans against dues via TReDS
• COVID effect: World Bank says may project steeper growth contraction for India
• Indian banks need to raise Rs 50,000 crore in FY21 to absorb credit cost: India Ratings
• World Bank identifies areas for priority reforms to bring Indian growth back to 7%
• Dharmendra Pradhan asks steel industry to enhance spending to boost consumption, create jobs
Passenger Vehicle
• Subaru taps Xilinx for key chip in driver-assistance system
• 30 new vehicles join enforcement wing fleet of Delhi transport dept
• GM says over 40% of new China launches in next five years will be EVs
• Kia Motors opens pre-booking for Sonet SUV from Aug 20
• BMW India launches 3 Series Gran Turismo 'Shadow Edition', priced at Rs 42.50 lakh
Two Wheelers
• Have wheels, will learn? India bets on free scooters for top girl students
• Hero Electric partners Oto Capital for flexible financing options for electric two-wheelers
Auto Components
• Federation of Indian Mineral Industries lobbies Karnataka govt to help repeal iron ore trade ban
• Rourkela Steel Plant's blast furnace creates new single-day production record
• China's Shanghai exchange approves steel companies to serve as factory warehouses
Tyres
• Donald Trump urges Goodyear tire boycott over ban on political garb
Auto Technology
• UK tests automation tech to allow drivers some options to go hands-free
Oil & Lubes
• Oil eases on demand risks, US stockpile data
• Maharashtra: MSRTC to set up 30 petrol, diesel and LNG pumps
• IOC nears first deal to export fuel to Mauritius, according to sources
• Mexico's Alfa says its Newpek unit has sold all its Texas shale assets
 
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