Morning Daily - 2020-09-03

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ETAuto Newsletter | Thursday, September 3, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Truck rentals fall due to excessive rains, may push transporters closer to defaulting on loans: Report
• Ashok Leyland lines up new products, aims to de-risk biz from future downturns
• Opinion: Despite the pandemic, how can India accelerate the adoption of EVs?
• ETAutoTV: Fireside Chat on 'Deploying Automation to Manage Volatility in Production'
• TVS Motor Company invests Rs 30 crore in electric vehicle maker Ultraviolette Automotive
• IRF urges Centre to formulate "technical requirements" for retro-fitment of CNG kits
• Daimler CEO says demand has stabilised from corona lows
• Shift to infrastructural spending, EVs likely to drive Nickel higher
• Curbs on weapon imports, military platforms offer good opportunity to domestic forging units: AIFI
• Ashok Leyland has ambitious EV plans for a global play: Dheeraj Hinduja HT MINT
• Petrol demand at 92% of year ago period
• Lane change: Ather Energy to alter EV course in the post-pandemic world to focus on profitability ET Prime
• Saudi Aramco likely to pause refinery investments in India: Report
• Hella supplies 24 GHz radar sensor technology for Suzuki driver assistance system
• MSME and retail borrowers to get six month moratorium on principal repayments: Report
• Expert predicts auto industry could take 2 years to rebound to pre-pandemic sales levels Detroit Free Press
• Geely shares in Hong Kong jump as Shanghai listing nears Nikkei Asian Review
• Lucid Motors says its electric sedan can hit a quarter-mile in under 10 seconds, smashing Tesla's record The Verge
• Tesla's Development Is 'Astonishing' According To German Auto Report InsideEVs
• The 2020 LA Auto Show May Not Actually Happen Until May 2021, According To New Reports Tflcar.com
• Track autonomous vehicle testing in your state with this new tool from the US government TechCrunch
• Classic Customizers To Produce Tesla-Powered Defender Forbes
• 9 Topics You Should Never Discuss At Work- Based On Science Forbes
Monthly Sales
• HMSI August 2020 domestic sales up marginally at 428,231 units
• Sonalika Tractor domestic sales grow 80% to 8,205 units in August 2020
Policy
• Umbrella PLI scheme proposed to replace MEIS, promote domestic manufacturing
Industry
• GM CEO Barra, Ivanka Trump talk jobs in a 2020 battleground
• Global cues, auto stocks buoy Indian indices
• Rupee settles 16 paise lower at 73.03 against US dollar
• Tesla's Musk discusses vaccine project, car plant with German politicians
• Uber to require that passengers provide face-mask selfies
• 15% of Indias road crash deaths in Uttar Pradesh
• Odisha to crack down on vehicles from other states
• Michael Neumann takes over as Executive Vice President - Sales at ZF
• Maruti Suzuki joins hands with Delhi Police for road safety
• Exempt NBFCs from new current account opening norms: FIDC
• Mexico: Wanting to social distance, biking surges in North America's largest city
• Hyundai announces additional new members to its Board as Whole Time Directors
• Centre to SC: Waiver of interest on interest during moratorium against basic canons of finance
Passenger Vehicle
• Afghan firm Amin Noor eyes emerging middle class with new cars, trucks
• Ford to cut 1,400 US salaried jobs through buyouts by year end
• Skoda premieres Enyaq iV electric SUV, offers 510-km range
• Tesla tests the circuits for German energy market push
• Daimler pins profit revival on new Mercedes-Benz S-Class
• Rolls-Royce unveils second-generation Ghost sedan; price starts at Rs 6.95 crore
• Tata Motors launches XM(S) variant of Nexon SUV, price starts at INR 8.36 lakh
Commercial Vehicle
• DTC not in favour of RSRTC services in national capital
Two Wheelers
• EV Motors India joins with Hero Electric to launch rapid charging e-bikes for last-mile delivery
Auto Components
• China's GEM to buy nickel chemicals from rivals in Indonesia
• Iron ore futures climb on strong Chinese demand, output expectations
• Sebi grants exemption to family trust linked to Bharat Forge promoter from open offer obligation
• Copper eases on stronger dollar, recovering Peru production
• Steel Strips Wheels receives orders worth USD 1.17 million from US market
• Rourkela Steel Plant creates records in production, dispatch
Oil & Lubes
• Oil holds steady near multi-week lows on demand worries
• Oil rises towards $46 on U.S. inventory drop, economy hopes
 
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