Morning Daily - 2020-09-09

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ETAuto Newsletter | Wednesday, September 9, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Indian luxury car market set to register a record 40% decline in 2020
• Rehiring, reversal in pay cuts evoke positivity in auto comp biz: ACMA President
• Pressure builds on auto companies over royalty payouts issue
• For two-wheeler companies, Diwali may arrive on a Mobike this festive season
• Consider lending to auto component industry at same interest rates as priority sector: ACMA
• Ashok Leyland Chairman Emeritus R J Shahaney no more
• India's 2020 auto sales expected to decline by 30%: Moody's
• To deal with pandemic blow, Piaggio to offer Vespa and Aprilia scooters on lease
• India needs manufacturing pre-eminence to be self-reliant: Anand Mahindra
• Auto parts makers see improvements in utilisation levels on vehicle demand surge HBL
• Highways Ministry settles claims worth Rs 14,248 cr to fast track projects
• How The Auto Industry Might Learn From Burger King Versus McDonald's Forbes
• How Lucid Motors Plans to Spin Tesla-Killing Strategy Out of Air BloombergQuint
• Most GM salaried employees to work remotely until mid-2021 Automotive News
• Panasonic to expand battery capacity at Tesla Gigafactory TechCrunch
• Lidar startup Ouster raises $42M in push to grow sales, diversify products TechCrunch
• Consumer Reports Unmasks Tesla's Full Self-Driving Mystique, Here's The Upshot Forbes
• Why Are Tesla Insiders And A Long-Term Holder Selling So Many Shares? Forbes
• What Would Convince You To Take A Chance On Hiring A Career Switcher? Forbes
• Harley, which came in a mango deal, slows down. Look whos stepping on the gas: Triumph, Enfield. ET Prime
Industry Reports
• Driving the Future
Industry
• NCRB road death figures differ from transport ministrys numbers in key states
• ADB, govt ink USD 500 mn loan pact for Delhi-Meerut highway
• United Kingdom admits planned Brexit deal change 'breaks international law'
• Fitch lowers India FY21 GDP forecast to minus 10.5%
• Rupee settles 25 paise lower at 73.63 against US dollar
• GM to make electric vehicle, supply batteries for Nikola
• Indian shares rise on upbeat global cues, Reliance boost
• Amazon builds new team focused on driverless delivery in UK
• Even after unlocking, self-drive car and bike biz suffers in Goa
• Chinese, Indian JV held responsible for collapse of under construction span in Bengal, barred from bidding
• RTA provides 94 free ambulances in Vizag
• Unending traffic snarls, crowd trouble at stations: Government admits it miscalculated the on-ground impact of Unlock IV
• Banks sanction Rs 1,61,017 crore under the Rs 3 lakh crore scheme for MSME sector
• Delhi: Back in demand, autos bridge the gap, e-rickshaw drivers heave a sigh of relief too
• Boost for Karnataka economy as 95% industries up and running
• Army asks for infantry combat vehicles with night vision
Passenger Vehicle
• Volkswagen ends ties with Mexican dealership over Nazi symbols
• Canadian auto workers pick Ford as potential strike target
• Nikola deal electrifies General Motors' dilemma
• German carmakers, government to look at boosting suppliers' equity capital
• Tesla shares fall as it fails to make it into S&P 500 index
• GM venture's mini car becomes China's most sold EV, surpassing Tesla's Model 3
• VW says it may soon be overtaking Tesla
Commercial Vehicle
• Maharashtra: Ridership in ST buses up 400% after travel sans e-pass allowed
• Lockdown relaxation in Tamil Nadu: Private bus operators not to resume inter-district services for now
• Maharashtra: Lockdown spurs demand for goods carriers, tempos
• Delhi Transport Dept begins Ph-2 trial of contactless e-ticketing app in cluster buses
Aftermarket
• Tata Motors launches Nexon EV 3D Commerce
• Uber promises 100% electric vehicles by 2040, commits $800 million to help drivers switch
• Ampere Electric partners with CredR to for 2W exhange program
Auto Components
• Trafigura launches $500 mln funding platform for low-carbon aluminium
• Shanghai steel futures edge lower on sluggish export data
• Marelli awards multi-year global automotive software engineering contract to Wipro
Auto Technology
• Move aside robots, Tesla bets on aluminium casting
• Aeva partners with auto supplier ZF to produce key self-driving sensors
Oil & Lubes
• Oil market cycle slips into reverse
• India aims for half of state-run fuel stations to be solar-powered in five years
• All govt buses in Karnataka to run on fuel from MRPL
International
• Russian customs rule may cost fuel oil exporters $1 bln a year
• London copper falls on U.S.-China tension, stronger dollar
 
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