Morning Daily - 2020-09-10

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ETAuto Newsletter | Thursday, September 10, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• ETAuto Originals: Why wont India embrace electric vehicles now?
• PV retail sales decline 7% at 1,78,513 units in August 2020: FADA
• India could explore electric bicycles for e-mobility: HMSI President Ogata
• German car parts maker Schaeffler cuts 4,400 jobs
• SAR Group appoints K Vijaya Kumar as MD & CEO of E-Mobility businesses
• Passenger vehicles: Tata Motors emerges as No. 3, helped by new products, campaigns HBL
• World EV Day special: Chronicling how India has fared in its drive towards electric mobility ET Prime
• Mahindra Electric launches MESMA 48 platform for light EVs
• 100% adoption of electric ride-hailing cars in India by 2030 can cut 12 million tons of CO2 emissions a year: Report
• Connected cars globally to touch 352 million by 2023: Capgemini report
• Ola Electric speeds up two-wheeler EV launch HT MINT
• Mahindra Electric launches Treo in Kerala HBL
• Gig firm contributions towards staff social security to be mandatory soon Business-standard.com
• U.S. Consumer Credit Extends Rebound as Auto Sales Increase Autofinancenews.net
• Model S Architect Targets Efficiency Edge Over Tesla With 2021 Lucid Air Forbes
• Biden courts Michigan auto workers to try to rebuild'blue wall' The Blade
• US automakers in China plan layoffs despite rebound in sales Nikkei Asian Review
• Lucid lets shoppers customize cars like a video game character TechCrunch
• 16 Smart Ways You Can Leverage AI To Boost Your Business Forbes
Industry Reports
• Connected Vehicle Trend Radar 2
Industry
• States may have to cut FY21 capital spending by Rs 3.4 lakh crore: ICRA
• Length of national highways trebled in Maharashtra: Nitin Gadkari
• E-way bill generation inching closer to pre-COVID levels, August month clocks 49.4 million
• Banks are catalysts of economic revival: FM Nirmala Sitharaman
• Bengal announces incentives for setting up of 100 industrial parks for MSME sector
• IMF says coronavirus crisis "far from over," more support needed
• Highways Ministry releases over Rs 10,000 crore for developers to expedite work
• VW CEO to face charges of organised commercial fraud
• We may need more cuts to escape the red zone: Renault CEO
• Rupee settles 5 paise higher at 73.55 against US dollar
• Stock market update: MidCap stocks down
• Shared cabs, carpooling may find few takers as Mumbai unlocks
• Tesla loses more than combined GM, Ford market value
• Vietnam carmaker Vinfast buys GM Holden's testing centre
• Lyft rides recover slightly in August, remain down 53% from last year
• Police stop action against unmasked solo car drivers in Pune
• GM-Nikola partnership will create a formidable challenge for Tesla
Passenger Vehicle
• Tesla shares bounce after record plunge
• Volkswagen closes bookings for SUV T-Roc
• Volkswagen's new electric car panned by Germany's leading test publication
• Maserati rolls out new super sports car to drive turnaround ahead of FCA-PSA merger
• Volkswagen CEO drives Tesla Model Y, calls it a 'reference' car
Commercial Vehicle
• BEST procures 30 new single-decker AC buses on wet lease
• Pandemic e-commerce surge spurs race for 'Tesla-like' electric delivery vans
• Haryana transport dept. teams to keep vigil on private commercial vehicles plying illegally in state
Two Wheelers
• Drug-carrying China bikes banned in Mizoram
• Royal Enfield introduces assembling unit in Argentina
Auto Components
• JSW Steel produces 13.17 lakh tonnes of crude steel in August, sees 5% growth over last year
• BorgWarner to supply VTG Turbochargers to a global OEM
Tyres
• Continental launches new range of commercial vehicle tyres in India
Auto Finance
• Loan collection efficiency is at 70%80% levels: Report
Oil & Lubes
• Oil prices slip as growing stockpiles signal bumpy fuel demand recovery
• Two fuel stations raided for illegal sale of biodiesel
• Vietnam importers offer sales bonus to cut diesel inventory as virus hits demand
• Top 5 PSU oil cos to partner ISA climate plan
• Oil falls further amid growing alarm over coronavirus second wave
• Hyderabad: Coordination meeting held to curb fuel pilferage at pumps
 
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