Morning Daily - 2020-08-24

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ETAuto Newsletter | Monday, August 24, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• Asian markets are Hondas profit centres; moving to EVs will hit the company hard: Atsushi Ogata
• How are companies staying focused on customers in a socially distanced world?
• ETAutoCast: Investment on new product development, technology remain positive: ACMA
• ETAutoTV: Staying focused on your customers in today's world
Top Stories
• Tata Motors in talks for tech & funding tie-up to bring domestic passenger vehicle business back on track
• Automakers expect demand to pick up in festive season even as COVID-19 shadow looms large
• HMSI aims to drive in multiple products in motorcycle segment to expand its presence
• Tata Motors seeks approval to ratify minimum remuneration of CEO & MD Guenter Butschek in AGM
• Passenger vehicle sales in free fall
• Automobile demand picking up, but cautious finance cos making market bit slow: Toyota Kirloskar
• Lessons from Toyota: pull energy from gravity; put humans, not robots, in the drivers seat ET Prime
• Toll charges on NHs may increase, as govt eyes free medical care for accident victims
• Logistics firm Delhivery plans to invest up to Rs 300 crore, over two years, for expansion
• Automotive software market size to reach $18,600 million by 2025: Report
• Iconic German brand Borgward's revival stumbles Automotive News Europe
• Electric Vehicle Makers Find a Back Door to Wall Street Nytimes.com
• How To Train Your Sales Team To Persuade Prospects Emotionally Forbes
• Local company repurposing Detroit auto show equipment to create theme park for families WDIV
Industry Reports
• Electric Vehicles Charging towards a bright future
Industry
• Transport bodies seek health insurance for drivers, workers
• Lucknow: RTO deadline to renew registration
• CBIC makes virtual hearing mandatory for GST appeal cases for expeditious disposal
• Vehicle registrations down 84% in lockdown, revenue dips to a third in Greater Noida district
• Aadhaar authentication for new GST registration is active from August 21
• Opinion: Busting the Myth - Vehicle experience & shared electric mobility
• Months on, no FASTag system at Gurugram-Faridabad toll
• FPIs remain positive on Indian markets; invest Rs 41,330 crore in Aug so far
• Global cues, Q1 GDP expectations to make rupee volatile: Experts
• No restrictions on imports in new trade policy
• Mumbai: 2,000 vehicles seized in 4 days for non-permitted travel
• France delays launch of COVID-19 economic reboot plan to September
• Govt frames norms for enforcement of 'rules of origin' for imports under FTAs
• Gadkari to inaugurate, lay foundation stone of 35 highway projects of Rs 9,400 cr in MP
• Petrol prices hiked 6 times in a week
• In Bhopal, now get your driving licence at new automated test centre
• India needs to look at ESG factors to attract major FDI investment: Mukesh Aghi
• RBI invested a record $12.8 bn in US Treasuries in June
• Centre asks states not to put restrictions on inter-state movement of people, goods
• 24 proposals worth Rs 8,594 cr of stressed NBFCs, HFCs sanctioned so far under SLS
• U.S. business activity surges to early 2019 levels - Markit flash PMI
• Uber may be in the driver's seat in labor dispute
• Avoid frequent ad hoc review of credit facility for businesses: RBI tells banks
• Amdavadis bicycling on wrong track
Passenger Vehicle
• Porsche launches investigation into suspected engine manipulation - Report
Commercial Vehicle
• Former Volvo Executive launches electric commercial trucks startup
• Poor occupancy leaves KSRTC reeling under heavy losses
• Volta Trucks to launch its fully electric Zero model on September 3
• Maharashtra private bus operators to stir on September 2 as ST services swell
Two Wheelers
• BMW Motorrad presents Bernhard Naumanns custom-designed Blechmann R 18
Aftermarket
• FarEye raises $13 mn in funding from Fundamentum Partnership, KB Global
Auto Components
• RINL, South Korea's POSCO to form joint working group for Andhra steel project
• China Hongqiao aluminium output down on smelter move; profits up
• Need to curb aluminium imports to realise domestic potential: FIMI
Auto Technology
• IIT Bombay, Shiv Nadar researchers develop environment friendly,cost efficient lithium batteries
• Researchers find routing apps can deliver real-time insights into emissions
• Jaguar Land Rover upcycles aluminium waste to cut emissions
Automotive
• Deere's shares hit record high on earnings forecast upgrade
Oil & Lubes
• Petrol prices rise by 12-14 paise/litre
• Saudi Aramco eyes growth opportunities with new development organisation
• Post-lockdown: UP top fuel guzzler in ethanol blending
• Petronet CEO gets 27% salary raise in FY20; search launched for new chief on modified terms
• Covid-hit demand, low prices cut India's oil import bill 58% in July
• Covid-19 effect: Karnataka sees sharp decline in fuel consumption in July
• India to see natural gas share rise to 10 per cent by 2025: GAIL director
• OPEC+ needs to offset large May-July oversupply
• Covid effect: Karnataka sees sharp decline in fuel consumption in July
 
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