Morning Daily - 2020-09-12

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ETAuto Newsletter | Saturday, September 12, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Tata Motors ready to sell stakes in 2 units HT MINT
• India's industrial output contracts by 10.4% in July
• Auto Inc reflects a mixed bag of sales, pins hope on festive season
• Jaguar Land Rover global retail sales drop 15.5% in August HT MINT
• Tata Technologies, Hitachi JV first on block under Tata Motors deleverage plan HT MINT
• World EV Day special: Chronicling how India has fared in its drive towards electric mobility ET Prime
• German truck maker MAN to cut up to quarter of staff
• Nissan set to raise $10.4B in two-day global funding rush The Detroit News
• The 'certified pre-owned car' was a coup for automakers - but it's sucking the life out of new cars sales during a pandemic Business Insider
• Luxury car sales are in free fall But exotic ones are still in demand Moneycontrol
• Tractor sales expected to post 9% growth this fiscal on demand pick-up: Report
• Align type-approval norms for retro-fitment of LPG/CNG kits with European laws: Industry
• Once a mobile-phone superpower, Nokia still has a potent weapon Business-standard.com
• Big Auto Makers Must Fine Tune "Connectivity" Or Concede Big Profits To Tech Upstarts Forbes
• I'm Buying An Electric Vehicle-How Does That Affect My Auto Insurance? Forbes Advisor
• Nikola and Rivian's appetite for risk is real prize for GM, Ford Northwest Georgia News
• Unifor members petition for transparency in Detroit 3 talks Hrreporter.com
• A key part of Trump's 2020 pitch: auto plants that don't exist MSNBC.com
• L.A. auto show move 'a declaration of war' on shows in Detroit, New York Detroit Free Press
• Six Ways Companies Can Harness Culture As They Navigate The Global Pandemic Forbes
Industry Reports
• Connected Vehicle Trend Radar 2
Industry
• Pilot run for first gantry-based toll system on Delhi-Meerut e-way
• Shares of electric truck company Nikola dive again
• EBITDA for 22 rated firms to dip by 24% in FY21: Moodys
• European Commission to propose more ambitious emissions limits for autos
• US: Consumer prices up 0.4% in August as used car prices surge
• Indian road infra industry biggest ingredient to spur economy: VK Singh
• Sharp wins network tech patent infringement suit against Daimler
• Rupee settles 7 paise lower at 73.53 against US dollar
• How are cab aggregators reversing the slide?
• Govt plans to construct over 50,000 km roads: Highways secy to investors during meet on InvIT
• Sensex rises over 100 points, Nifty above 11,450
• Maruti Suzuki gains after parent raises stake to 56.37%
• SAT sets aside Sebi's Rs 7 lakh penalty on NHAI
• Gujarat: Auto drivers move HC for financial aid
• Bengaluru: Autos leave cabs behind as Covid changes travel preferences
• MSME industrialists raise concerns over RBIs new lending guidelines
• Transport dept launches drive against commuters not following COVID-19 SOPs in J-K's Poonch
• UK citizens' assembly wants 'fair' path to 2050 net-zero emissions goal
Passenger Vehicle
• Nissan to issue $8 billion in dollar-denominated debt
• Tesla in talks to buy low carbon nickel from Canada: Sources
• Hyundai warns owners to park outside, recalls 180,000 SUVs
• Tesla plans to export China-made Model 3s to Asia and Europe - sources
Commercial Vehicle
• Maharashtra: MSRTC to run 30% more buses for office-goers
Two Wheelers
• EeVe India partners with ZestMoney to provide EMI solutions to customers
Auto Components
• Domestic demand for steel industry to remain subdued during H1 of FY21: EY
• China metal recycling body sees 2020 copper scrap imports down 50%
• Delphi Technologies secures its second-largest power electronics business deal
• Copper hits 1-week low as dollar rebounds, LME inventory rises
• India plans to restrict copper, aluminium imports with an eye on China -sources
Tyres
• JK Tyre ties up with Amazon India for doorstep deliveries
Oil & Lubes
• Oil extends losses as stockpile rise amid weakening demand
• With a battered economy, Iraq debates its contribution to OPEC+ oil cuts
 
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