Morning Daily - 2020-09-15

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ETAuto Newsletter | Tuesday, September 15, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Toyota says it won't expand further in India, blames 'we dont want you' taxes
• HAAH Automotive likely to submit final investment proposal for SsangYong Motor in 10 days
• Ashok Leyland expects new LCV platform to double addressable market
• Mercedes-Benz India to hike prices of select models from October
• Fiat Chrysler and PSA tweak merger terms due to pandemic
• S&P expects India's economy to contract 9% in fiscal 2021
• An investigation, a legal notice, and pressure from lenders: what forced GVK to sell its crown jewel ET Prime
• Daimler AG to pay USD 1.5B to settle emissions cheating probes
• Volkswagen completes monitoring in 2015 emissions scandal
• Default fears grip car dealers as sales slow Mint
• Chinese automakers announce targets to raise hydrogen vehicle sales
• Nikola, CNH building electric truck prototypes for 2021 end launch
• End of combustion engine moves closer with EU climate plan
• UP gives nod for e-charging facilities in 8 cities under the smart city projects
• Amtek Auto heads for liquidation as winning bidder Deccan Value fails to pay up HBL
• Bounce's 2W EV gets regulatory nod, to be offered on subscription basis HT MINT
Industry
• Former Nissan executive Kelly's trial to start in Tokyo without Ghosn
• Tencent, others to buy $516.12 million worth shares in China Evergrande New Energy Vehicle
• Rs 10,000 crore export sops stoppage causing liquidity challenge: Exporters body tells govt
• U.S. dollar slumps as equity markets rally; Fed in focus
• Retail inflation marginally dips to 6.69% in August from 6.73% in July
• US, California to unveil Daimler diesel emissions settlement
• Tesla investors should be watching for M&A for S&P inclusion
• Railways boosts vehicles loading to raise modal freight share
• GST compensation due to states at Rs 1.51 lakh crore, Maharashtra leads
• FDI inflow from China declines to USD 163.77 million in FY20: Anurag Thakur
• Rupee opens 13 paise up at 73.40 against dollar
• August WPI up 0.16%, turning positive for the first time after March
• India's secondary listing plan for firms joining foreign markets irks investors: Sources
• Kochi: 79% fatal accidents involving bikes caused by other vehicles
• Centre yet to release funds for Telangana highways
Passenger Vehicle
• GM not looking for 'short-term pop' in stock as it relates to corporate structure
• Nissan Ariya to make China debut at Beijing Motor Show
• Europe, Britain's carmakers warn of 110 billion euro hard Brexit bill
Commercial Vehicle
• Ashok Leyland launches new LCV product Bada Dost at starting price of Rs 7.75 lakh
• JBM Auto bags order for supply of 116 buses from Delhi Integrated Multi-Modal Transit System
Two Wheelers
• Brookfield Properties collaborates with Yulu; adds 30 bikes at Equinox, in Mumbai
Aftermarket
• Honda Cars organises 13-day body & paint service camp
• AGS Transact Technologies partners with Global-India Insurance Brokers to provide instant motor insurance
Auto Components
• Govt prepares draft framework policy for development of steel clusters in India
Auto Technology
• ABB develops PixelPaint for custom auto painting
Oil & Lubes
• Oil inches lower as bleaker demand outlook weighs
• OPEC+ Sept meeting unlikely to advocate deeper oil output cuts
• Crude oil futures rise on spot demand
 
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