Morning Daily - 2020-09-08

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ETAuto Newsletter | Tuesday, September 8, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Harley plans to hitch a ride with two-wheeler makers, Classic Legends, Hero Motocorp frontrunners
• FADA: Dealerships see 10% reduction in jobs with migrant workers leaving due to pandemic
• Maruti Suzuki India reports 11% rise in production in August
• RBI constituted KV Kamath committee names 26 sectors for restructuring
• People should use more electric vehicles to curb pollution: Prakash Javadekar
• CSR: Bajaj Auto spends Rs. 119 Cr on social projects in FY 2020, surpasses prescribed budget India CSR
• Harley, which came in a mango deal, slows down. Look whos stepping on the gas: Triumph, Enfield. ET Prime
• Mahindra Electric in talks with global automakers to supply EV parts HT MINT
• CSE calls for green recovery action plan
• Motherson Sumi's proposed NCDs worth Rs 3,000 crore assigned IND AAA/Negative rating
• Tata Motors joins forces with global companies to organise World EV Day Timesnownews.com
• Bosnian Car Industry Seeks Silver Lining in Pandemic Setback Balkan Insight
• Every aspect of supply chain and transportation is undergoing transformation, and the pandemic has only accelerated it Business Insider
• ACMA re-appoints Deepak Jain as president, Sunjay Kapur as vice president
• Ather 450X to hit the road from November 2020
• Meet the twin sisters who are the chief engineers of GM's most important vehicles Detroitnews.com
• Looking to Buy a Used Car in the Pandemic? So Is Everyone Else Nytimes.com
• Nissan's record loan guarantee spotlights lack of transparency Nikkei Asian Review
• Vietnam automaker VinFast unveils $164k SUV to burnish brand Nikkei Asian Review
• 2021: The Good, The Bad And The Ugly Forbes
Industry Reports
• Shaping the new normal: India's auto component industry
Industry
• Pune: No more e-passes, but travel biz still down
• Armys futuristic e-wheels get shape on Hyderabad outskirts
• VW not seeking a deal with Tesla: CEO Diess
• Japanese govt exposed to 40% of $6.7 billion Nissan loans
• Rupee settles 21 paise lower at 73.35 against US dollar
• During pandemic, Brazilian horror park reopens as drive-thru
• China's exports surge at fastest pace in nearly one and half years as economies reopen; Imports down
• Modest rise in German July industry output points to slow recovery
• Elon Musks option haul swells to $8.8 billion
• Kochi: Autos, taxis hope to revive biz as Metro set to resume
• BluSmart raises Rs 51 crore in Pre-series A round funding
• Power.Global Energy Services appoints Pankaj Dubey as Managing Director
• Stock market update: Nifty Auto index down 1%, Mahindra & Mahindra dips 5%
• India's GDP contraction should alarm everyone: Raghuram Rajan
• Ludhiana : Bizmen demand latest R&D centres for tech advancement
• Time to go zip, zap, zoom
Passenger Vehicle
• Renault to develop, build next-generation Nissan Micra -report
• Renault aims to freshen up Dacia's image with model upgrades
• Electric car warning signals as Denmark calculates cost of switch
Commercial Vehicle
• Tamil Nadu: Inter-district buses from today, services to be skeletal for now
Aftermarket
• Ratan Tata-backed Repos Energy registers 150 startups
Auto Components
• Energy giant Total, Groupe PSA set up joint venture for EV battery production
• Prospect of stronger demand propels aluminium towards 7-month high
• China iron ore futures jump as downstream steel demand pick up
Oil & Lubes
• Oil falls after Saudi cuts prices, China slows imports
• Diesel price drops below Rs 80-mark in Mumbai, Thane & Navi Mumbai
• Reliance Industries gives detailed plan to carve out O2C assets
• Underwater: Australia's oil industry faces new indigenous heritage test
• Vizag: Officials check on fuel outlets
• Saudis reduce oil pricing in sign demand recovery is struggling
 
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