Morning Daily - 2020-09-02

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ETAuto Newsletter | Wednesday, September 2, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• August 2020 Sales Analysis: Sequential growth continues; Domestic sales improve
• ETAutoTV: Impact of Industry 4.0 on the assembly line and workforce
• ETAutoTV: Presentation on Future Ready Manufacturing by Jagannathan TC, Siemens Digital Industries Software
• ETAutoTV: Presentation on Smart Manufacturing by Sridhar Dharmarajan, Hexagon Manufacturing Intelligence India
Top Stories
• Real GDP likely to contract by 10.9% in FY21: SBI report
• Diesel demand falls 12% in August as local lockdowns stall economic recovery
• Festive optimism spurs car sales
• Efficient operations, new launches can boost growth, believe automotive CEOs
• India among large emerging mkt sovereigns to have highest debt burden by 2021: Moody's
• Labour ministry to table three labour codes in upcoming Parliament session: Santosh Gangwar
• For PVs, two-wheelers and tractors, recovery is better than expectation: Mitul Shah
• Lane change: Ather Energy to alter EV course in the post-pandemic world to focus on profitability ET Prime
• Tightening Auto Credit Slows Sales Rebound Forbes
• Volvo Car India sees growth returning next year on EV launch, localisation plans
• Ford to cut 1,000 salaried jobs in U.S. amid overhaul The Detroit News
• ONGC June quarter profit dives 92% on oil, gas price slump
• GM Leads In Shipping Jobs To Mexico; Company Shifting Focus To China Forbes
• E-commerce, hyperlocal supply chains to get cheaper with EV adoption HT MINT
• The Top Twenty Unspoken Automotive Cybersecurity Questions And Their Risks Forbes
• Volvo's Polestar 2 Outsold Tesla's Model 3 In Sweden And Norway In August Forbes
• These Are The Worst Auto Insurance Claim Mistakes Forbes Advisor
• Here's Why HR Is Critical For Digital Transformation Success Forbes
Monthly Sales
• Maruti Suzuki August 2020 domestic sales grow 20% at 116,704 units
• M&M August 2020 domestic sales decline 13% at 29,257 units
• Hyundai August 2020 domestic sales up 20% at 45,809 units
• Hero Motocorp August 2020 domestic sales up 8.5% at 568,674 units
• Toyota Kirloskar Motor August sales down 51.88% to 5,555 units
• TVS Motor August 2020 sales dip marginally at 2,87,398 units
• Royal Enfield August 2020 sales down 5% to 50,144 units
• M&M domestic tractor sales jump 69% to 23,503 units in August
• Ashok Leyland August sales down 31% at 6,325 units
• MG Motor India retail sales grow 41% to 2,851 units in August 2020
Industry
• Geely Auto seeks $3 bln Shanghai STAR Market listing
• Tesla announces plans to sell up to $5B in new stock shares
• Gujarat: Government resolutions unveil SOP for industries
• Tamil Nadu: Auto firms on the outskirts hit top gear
• Want to know revised fee at two Trichy toll plazas?
• Loan moratorium extendable for 2 years as per Covid impact, Centre tells SC
• Maharashtra: Put on hold repayment of EMI for cab loans till December 31
• Elon Musk beats Zuckerberg, becomes world's third-richest person after Tesla stock split
Passenger Vehicle
• Rolls-Royce: Demand for luxury cars is recovering
• Italy car sales down 0.43% in August, industry body welcomes stabilisation
• Toyota U.S. August sales fall 23% as pandemic weighs on inventory
• Rebound in French new car registrations stalls in August
• Fourth-gen Honda City to continue selling besides new model
• Geely and GM venture both wade into China's pickup truck competition
Two Wheelers
• Hyderabad based EV startup launches electric bike Atum 1.0 at Rs 50,000
• Piaggio launches Vespa Racing Sixties scooter, price starts at Rs 1.20 lakh
Aftermarket
• Shell Lubricants partners with Hoopy for contactless doorstep servicing of two-wheelers
Auto Components
• Inverted Energy launches India made batteries for EVs, homes
• Steel Strips Wheels bags orders worth USD 455,000 from US, EU
• LME copper hits over 2-year high on solid China PMI data
Tyres
• Tyre manufacturer Balkrishna Industries to sponsor six Indian Premier League teams
Auto Technology
• ZF and Ibeo Automotive to supply LiDAR sensors to GWM
Oil & Lubes
• Petrol prices rise, ATF turns cheaper
• Oil prices rise on falling U.S. dollar
 
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