Morning Daily - 2020-08-21

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ETAuto Newsletter | Friday, August 21, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• ETAuto Exclusive: We consider ourselves as a startup in India, says Kia Motors
• Mahindra & Mahindra reboots SUV biz, defines new automotive narrative
• Covid-19 pulls down Bosch Indias BS-VI order book by $800 million
• Varroc Engg: Will the momentum continue?
• Commercial vehicle makers to incur Rs 6k cr net loss this fiscal: Report
• RBIs MPC feared broader inflation
• Small car buyers not likely to go for EVs: Maruti Suzuki head HBL
• Used trucks, a new opportunity for organised sector
• MSME credit guarantee scheme: Banks disbursement crosses Rs 1 lakh crore-mark
• Auto retailer Lookers warns of H1 loss, expands probe on 2019 accounts
• Delhivery partners with Volvo Trucks for speedy cargo delivery
• Not easy for MSMEs to be aatmanirbhar HBL
• Opinion: Michigan residents finally have auto insurance options The Detroit News
• Chicago Area Car Storage Boasts World's Largest Auto Mural Motor Illustrated
• Top Lithium Miner Boosts Output on Optimism About Long-Term Demand BloombergQuint
• Inside Royal Enfield's 'Studio' Bet Forbes India
• Council Post: What To Know When Selecting A Project Management Tool Forbes
• Thai-Chinese alliance to build trucks cheaper than Japanese rivals Nikkei Asian Review
• The power of twins: how Volvo-Eicher plans to rule the Indian roads with mass and premium buses ET Prime
Industry Reports
• Driving the Future
Industry
• Appeals court gives reprieve to Uber, Lyft in California
• UP: Tempo association writes to DM over challans
• Uttar Pradesh-France to explore business opportunities
• Meru launches Business Mobility App, integrates electric vehicles
• Maharashtra pattern 'Jal Kranti' can change farmers' fate, fast-track highways network: Gadkari
• Rupee settles below 75/dollar mark, depreciates 20 paise
• MMRDA plans yet another transit project
• Govt seeks suggestions on notification for ownership details in vehicle registration documents
• Pandemic reignites German debate over four-day work week
• 1,560 listed companies record 2.9% hike in wages in June quarter, lowest in 18 years
• Mysuru likely to get over Rs 4,000 crores investment in various sectors
• MBK Partners leads group in talks to take HK-listed Car Inc private
• Elon Musk drives his way to become the fourth richest man in the world
• Chennai MSMEs face trouble as migrant workers play truant, miss flights
• Delhi: RTOs restart helpdesks after 5 months to assist in online operations
Passenger Vehicle
• Tesla's soaring stock cracks $2,000 ahead of share split
• U.S. judge narrows SEC lawsuit against VW over diesel emissions
• Nissan failed to report income for Ghosn in Japan: Reports
• Stuttgart prosecutor drops market manipulation charges against Volkswagen chairman
• Thai July domestic car sales tumble 24.8% year-on-year
• Volkswagen commences production of ID.4 electric SUV
• Toyota Urban Cruiser bookings to open from August 22nd
• Maruti Suzuki partners with IIM-Bangalore to incubate startups
• Toyotas finance arm mulls fixing GPS device on vehicles
Commercial Vehicle
• U.S. Commerce probes alleged dumping of Chinese trailer chassis and sub-assemblies
Aftermarket
• Skoda Auto revamps service maintenance package
• China's EV maker Nio launches battery leasing service
• Ola Electric loses another co-founder as Ankit Jain quits
Auto Components
• Copper tracks equities, other risky assets lower on dovish Fed views
Tyres
• CEAT Tyres Digitally Transforms Supply Chain with Blue Yonder
• CEAT Tyres partners ReadyAssist to enter roadside assistance service segment
Auto Technology
• Former Zoox employees sue, alleging rival offer was better than Amazon's
• Tesla seeks approval for sensor that could detect child left in hot cars
• Tesla cars to soon play music from external speakers: Musk
Oil & Lubes
• Oil climbs for third straight week, buoyed by producers holding back output
• Indian Oil to fully restart Paradip refinery by Saturday
• OPEC singles out laggards over oil production cuts
• Premier Oil lays out plan to extend debt facilities, posts H1 loss
• Petrol prices raised 10 paise per liter, Diesel rates steady
 
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