Morning Daily - 2020-09-16

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ETAuto Newsletter | Wednesday, September 16, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• ETAuto Exclusive: Clutchless automatics are gaining traction in India
• Last-mile cab market set to lose around Rs 25,000 crore; 200,000-300,000 drivers out of job
• Amtek Auto lenders move SC claiming contempt by bidder
• Exide sees green shoots amid Covid, China issues
• How to unlock middle-class spending power to speed up economic recovery
• Can India increase the share of manufacturing in economy?
• An investigation, a legal notice, and pressure from lenders: what forced GVK to sell its crown jewel ET Prime
• Indias GDP expected to shrink by 9% in FY21: ADB
• Vietnam vexes foreign automakers with import rules Nikkei Asian Review
• Opinion | Toyota needs a revisit of its business model HT Mint
• Is zero-emission truck maker Nikola the new Tesla, or just hot air?
• Over 27k electric vehicles supported till Sep 10 under phase-II of FAME scheme
• Toyota will invest over Rs 2,000 crore in India, says Vikram Kirloskar
• Delhivery plans an IPO launch over next 18-24 months HT MINT
• Sales, aftersales showing very positive results: Lamborghini India's Sharad Agarwal
• Ssangyong Motor Company shares jump over 50% on investor deal
• Automakers bet on digital platforms to woo customers HT MINT
• Auto component firms seek loan recast HT MINT
• New row: FADA claims stocks building up, car-makers say no HBL
• Trucking Is Leading The Race To Commercialize AV Technology Forbes
• Continental to shut German car plant, slash 1,800 jobs
Industry
• US industrial production growth slows, up 0.4% in August
• Spike in consumer prices could mean no more cuts this fiscal
• Over 1,600 Indian cos received USD 1 billion FDI from China during Apr 2016-Mar 2020: Govt data
• Punjab man creates a bicycle out of wood, making way for eco-friendly fitness
• Kochi: Unable to pay EMI, people sell off high-end vehicles
• Asias coronavirus-battered economy will shrink for the first time since the early 1960s
• Banks' NPAs in large industry, services fall 31% in over two years to Rs 4.36 lakh crore
Passenger Vehicle
• Mahindra's SsangYong close to signing binding agreement with US firm, Korean media reports
• Fiat Chrysler, Peugeot maker PSA amend merger terms to conserve cash
• GM exploring 'flying car' market using its Ultium electric battery
• Japan begins trial of former Nissan executive Greg Kelly over Carlos Ghosn's pay
Commercial Vehicle
• AP and Telangana witness spike in demand for interstate travel
• All BMTC buses go cashless but only 4,000 users pay via QR code daily
• Navistar rejects Traton's buyout offer, calls it starting point
Two Wheelers
• Researcher duos low-cost e-bike all set to go places
• Sales back to 80-90% of pre-COVID levels, upward trend to continue in festive season: CredR
Auto Components
• China's CATL to invest in Neo Lithium, help develop Argentina mine
• Minda Industries raises over Rs 242 crore through rights issue
Auto Technology
• Tesla, Huami join hands to launch new smartwatch: Report
Oil & Lubes
• Oil industry paints grimmer picture of pandemic's harm to demand
 
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