Morning Daily - 2020-08-26

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ETAuto Newsletter | Wednesday, August 26, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Shareholders slam Tata Motors for investor wealth crash
• Two-wheelers neither luxury nor sin goods, merit GST rate revision: FM
• Tatra truck scandal: One-year ban on Vectra group company
• Tata Motors Group eyes near Zero debt in three years, N Chandrasekaran to shareholders
• Lenders to Amtek Auto move NCLT to protect their rights
• JLR will not look for any funding from UK govt : Tata Sons chairman HT MINT
• Lessons from Toyota: pull energy from gravity; put humans, not robots, in the drivers seat ET Prime
• Ola Electric to hire 2,000 people globally, launch e-scooter soon
• FASTag mandatory for availing discount on toll fee: Transport Ministry
• Toll collection reaches 87% of pre-covid levels in July, recovery encouraging: ICRA
• Road projects of Rs 50,000cr to be completed in MP by 2023: Nitin Gadkari
• Maharashtra: Road tax waiver of Rs 700 crore for commercial vehicles on cards
• Flipkart pledges 100% transition to electric vehicles by 2030
• Global impact of Covid-19 on the future of mobility: Steps to prepare for new normal -Audio interview
• Electrically-operated vehicles without battery packs to attract GST, rules AAR @businessline
• New Manufacturing Facility to Bring Around 300 Jobs to Alabama Alabama News
• Toyota's, Honda's Credit Profiles Benefit from China's Recovery Fitchratings.com
• Motherson Sumi Rejig: Why Analysts See It As Two Steps Forward, One Step Backwards BloombergQuint
• GM White-Collar Staff Roll Up Sleeves to Make In-Demand Pickups BloombergQuint
• VW Offers Virus Testing With German Infections on the Rise BloombergQuint
• Beyond Tesla's Gigafactory: Why Some Auto Jobs Are Moving Back To North America Forbes
• 13 Techniques For Implementing A Flexible Work Schedule Policy Efficiently Forbes
• The Toronto auto show's going digital for 2021, and might be online-only Driving
• Porsche experiments with subscription pricing, expands to Los Angeles TechCrunch
• General Motors uses salaried employees to keep Missouri plant open as assembly line workers call out sick due to coronavirus CNBC
• Shared bike and scooter companies are freaking out over a new bill in California The Verge
• Honda to shift some UK auto production to Japan Nikkei Asian Review
Industry Reports
• Driving the Future
Industry
• Telangana: Driving schools struggle despite easing of lockdown restrictions
• Hyderabad: PUC centres misread emission data
• Fund of funds for small businesses to be launched soon: MSME secretary AK Sharma
• GM, Ford coronavirus U.S. ventilator projects close in on their finish lines
• Fund of funds for small businesses to be launched soon: MSME secretary AK Sharma
• India's Q1FY21 GDP might shrink by 25%, says ICRA
• RBI expects inflation to firm up further in coming months
• Banks see meaningful credit growth recovery only after 18 months
• Contributions to R&D spends on Covid-related vaccine, drugs to be considered as CSR: Govt
• Sensex erases most gains to end 45 points higher
• Rupee pares early gains, settles 1 paisa down at 74.33 against US dollar
• Electric Vehicle startup EVage raises strategic investment from mobility veteran
• German economy contracts at record pace, recovery hinges on consumers
• Opinion: Investors will lose faith in India if the post-virus recovery game is won by a narrowing number of tycoons
• Reserve Bank of India pushes lenders to raise capital over bad debt pile-up
• RBI announces fresh OMO purchase, sale of G-Secs worth Rs 20,000 crore in two tranches
• US, China hold trade talks, agree to 'push forward' phase one deal
Passenger Vehicle
• Honda reaches $85 million settlement over airbags
• McLaren introduces lightweight vehicle architecture for electrified supercars
• Skoda teases lighting design of Enyaq iV ahead of the electric SUVs global launch
Two Wheelers
• Triumph reveals design prototype of upcoming Trident Roadster
• TVS ASL picks Google Cloud as its tech partner to build digital transformation strategy
Auto Components
• Nickel hits nine-month peak on falling China port inventories
• China's Ganfeng sees first-half profit halve amid lithium price slump
• India's crude steel output falls over 24% in July, global production shrinks 2.5%: worldsteel
• Copper rises as investors cheer U.S.-China trade talks
• JSW committed to start steel mill project in Odisha: Jindal
Tyres
• Birla Tyres board to meet later this week to consider Rs 1,100 cr fund raising
Auto Technology
• Opinion: Luminar chases self-driving without speed bumps
• Tesla's Musk hints of battery capacity jump ahead of industry event
Automotive
• Chinese power tiller supply scam: Madhya Pradesh govt orders probe
Oil & Lubes
• India's natural gas demand rebounds, reaches near pre-Covid level
• Covid sparks oil industry's shift towards lower growth, consolidation: Moody's
• Oil prices mixed on storm-driven output cuts, rising COVID-19 cases
 
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