Morning Daily - 2020-08-28

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ETAuto Newsletter | Friday, August 28, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• ETAuto Exclusive: Tata Motors not to give increment and deducts variable pay for FY21
Top Stories
• Tata Motors scrip gains 17% in three days post 'zero debt' target announcement
• Our call is to not chase market share blindly in Utility Vehicles, says Rajesh Jejurikar ED, Mahindra & Mahindra
• Auto components major Motherson expects demand to be normal by October
• Continental confronts its Nazi-era horrors
• Automakers get into rescue mission as more than 300 dealers shut shop in FY20 Moneycontrol
• HMSI forays into 180-200cc segment, launches all-new Hornet 2.0 at Rs 1.26 lakh
• NHAI to carry out performance rating of contractors, safety rating of built highways
• Tata Sons AGM: Mistry family raises questions over losses in group firms Business-standard.com
• RBI governor asks banks to shed extreme risk aversion
• Musk confirms Tesla Nevada factory was target of 'serious' cyberattack
• Motor insurance set to rally on new models, festive season: ICICI Lombard
• Mahindra drives in BS-VI compliant Marazzo MPV at Rs 11.25 lakh
• Tesla Blown Away As Renault Dominates Europe's July EV Sales Party Forbes
• China's Xpeng surges 67% on U.S. debut, raises $1.5 billion in IPO
• Lane change: Ather Energy to alter EV course in the post-pandemic world to focus on profitability ET Prime
• Ford and Fiat Chrysler remain under federal investigation in union corruption probe CNBC
• Japan insurer Sompo steers into self-driving with Tier IV stake Nikkei Asian Review
• China's local governments ride to the rescue of EV startups Nikkei Asian Review
• These Are The New Vehicles That Will Get The Deepest Discounts In The Weeks Ahead Forbes
• CARFAX and Primeritus Agree to Resolve Pending Litigation Prnewswire.com
• Fuelling a new strategy for the S-Cross HBL
• Concerts In Your Car Combines COVID-19 ERA Road Trip Plus Entertainment Forbes
• Is This The Future Of Car Award Ceremonies And Auto Shows? Forbes
• Three Tips For HR Leaders As Remote Work Becomes The New Norm Forbes
Industry Reports
• Electric Vehicles Charging towards a bright future
Industry
• California approves largest ever utility program to expand EV charging
• Telangana: EV industry needs more incentives
• Second ex-United Auto Workers chief charged in union embezzlement scandal
• US rolls out free app for alerts on vehicle recalls
• Covid-19: Younger workforce in age group of 25-29 years lost highest number of jobs during the pandemic
• Mexico posts record trade surplus helped by automotive recovery
• Government suggests to states to borrow Rs 2.35 trillion to meet tax shortfall
• Rupee settles 48 paise higher at 73.82 against US dollar
• New Delhi: Ola, Uber drivers threaten to go on strike from September 1
• Indian economy more resilient now vs global financial crisis, says RBI Governor
• Nikola founder giving 50 employees $233 million of his stock
• Multiplex owners in India explore drive-in, outdoor cinemas
Passenger Vehicle
• Chinas Biggest Carmaker Posts 39% Drop in First-Half Profit
• Tesla shares surge to record high, leaving rivals behind
• EV startup Bollinger plans electric delivery van in 2022
• SoftBank, Toyota venture unveils van with enhanced airflow as COVID-19 measure
• Land Rover Discovery Sport, Range Rover Evoque get electrified engine, updated creature features
• Audi India drives in RS Q8 SUV, price starts at Rs 2.07 crore
Commercial Vehicle
• Mumbai: BEST set to scrap 898 buses this year
• Tata Motors introduces future-ready range of commercial vehicles
Two Wheelers
• Revel brings electric moped sharing back to New York City, helmets required
• VOGO to add electric vehicles to its Hyderabad fleet
Aftermarket
• UFI Filters launches anti-virus in-car air filter in India
Auto Components
• NMDC Q1 PAT down 55% at 533 crore
• China steel rebar, HRC futures rise on firm demand
• Grinntech unveils EV batteries for 2-wheelers, 3-wheelers, light vehicles
• Nickel hits 9-month high on demand boost, supply worries
Tyres
• Maxxis Tyres partners with HMSI for Hornet 2.0
Auto Technology
• Auto tech firm Veoneer teams up with Qualcomm on driver software
Oil & Lubes
• Cross-border petroleum pipeline helps Nepal save freight charges
• PetroChina posts $4.4 billion H1 loss, pledges near-zero emissions by 2050
• State refiners halt oil imports from Chinese companies: Report
• Asian crude oil prices drop on low demand, weak margins according to sources
• Karnataka: Petroleum dealers raise red flags over sale of 'bio-diesel', seek curbs
 
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