Morning Daily - 2020-09-04

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ETAuto Newsletter | Friday, September 4, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Can Magnite SUV win over Indian consumers with its design and styling?
• EESL to procure 250 EVs from Tata Motors & Hyundai Motor India
• Ola Kallenius, Mercedes Benz Global Chairman wants to play 'the long game' for India
• Hyundai, Kia recall vehicles for leaks that can cause fires
• Opinion: Location Technology paving the way for smart fleets
• ETAutoTV: Presentation on 'Factory of the future through Industry 4.0' by Karsten Mueller, Bosch
• Harley, which came in a mango deal, slows down. Look whos stepping on the gas: Triumph, Enfield. ET Prime
• GM, Honda form partnership to jointly develop cars in North America
• Hero MotoCorp aims to grab one-fifth of scooter market; launches planned around Diwali Moneycontrol
• Tata Power to set up carport at Tata Motors plant HBL
• 2022 likely to be 'tipping point' for most India drivers to purchase EVs: Study
• Auto parts sector expected to reach pre-Covid levels by festive season
• Merkel says auto industry has enough government support
• In struggle to meet EU rule, automakers turn to Tesla for credits Nikkei Asian Review
• China-backed firms bid for DTCs e-bus tender HT MINT
• Street Estimates For Tesla's 2H20 Revenues Are Overly Optimistic Forbes
• How Ferrari Got "Back on Track" After COVID-19 - And What Other Companies Can Learn From It Forbes
• Auto Loans: Getting Easier For Customers With Good Credit, But Tougher For Subprime Forbes
• Ford Teams Up With Pay-Per-Mile Insurer Metromile Pymnts.com
• What's Behind This Taiwan Electronics Billionaire's Interest In The Auto Business Forbes
• Unions sue Michigan state for union rule changes they call 'anti-worker' The Detroit News
• The Future Of Technology Support Forbes
Monthly Sales
• Top 10 bestselling cars in August: Hyundai Creta top gainer, records 96% YoY growth
• Tata Motors August 2020 domestic sales up 22% at 35,420 units
Policy
• Govt plans to make FASTag mandatory for buying third party vehicle insurance from April 1, 2021
Industry
• Tata Power signed PPA with Tata Motors to commission solar carport near Pune
• EU share of electric cars grew during virus lockdown months
• Tax cuts, cash dole will boost spending: Venu Srinivasan
• Atlantia presses on with creation of vehicle to house motorway unit
• Supreme Court reprieve for borrowers in loan moratorium case
• Sensex, Nifty start on cautious note amid tepid global cues
• Musk promises Tesla design overhaul, 'ravecave' at Berlin plant
• Government constructs 3,181 km national highways in April-August, surpasses target
• City roads claimed most lives in region in 2019: NCRB
• Drones, robotics, electric vehicle components in governments 'aatmanirbharta' plan
• As Tamil Nadu gets back to biz, unemployment rate takes a nosedive
• Ministries, CPSEs paid Rs 6,800 cr in dues owed to MSMEs in last 3 months: Government
• Gujarat: Used cars sales in top gear, thanks to Covid
• Telangana: FASTag in slow lane? Over 35% still paying cash
Passenger Vehicle
• Renault revamps brand set-up under new CEO De Meo
• Jeep rolls out Wagoneer SUVs in challenge to GM and Ford
• Demand for new cars falls in Germany as virus cases rebound
Commercial Vehicle
• Swedish startup Volta unveils electric truck, to manufacture in UK
• Study claims electronics could stop 40% of big truck rear crashes
• Chinese truck manufacturer Shacman sets up shop in Mexico
Auto Components
• Auto component players to see revenue, margins go down in FY21 according to Brickwork Ratings
• VW-backed battery maker QuantumScape to go public at $3.3 billion valuation
• Copper drops on profit taking, improved mine output
• Striving for green recovery, EU adds lithium to critical materials list
• Nissan develops techniques to speed up production of carbon fibre parts
Oil & Lubes
• Oil regulator issues force majeure guidelines for city gas operators
 
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