Morning Daily - 2020-09-21

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ETAuto Newsletter | Monday, September 21, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Cabinet note ready for vehicle scrapping policy: MoS VK Singh informs Rajya Sabha
• Govt working to reduce e-vehicle tax: Niti Aayog CEO
• Yamaha expects India sales to be 10-year low in 2020
• View: India needs to choose the economy it wants - Toyota or pakora?
• GST reduction to act as tailwind for two-wheeler industry: HMSI
• Triumph Motorcycles eyes up to 20% growth in sales this fiscal in India
• Why global carmakers, Toyota to Ford, go slow on India. The answer is stuck in sub-4 metre cars. ET Prime
• Leading auto dealer Deshnidhi Kasliwal passes away
• Tesla initiates talks to set up research centre in Bengaluru
• Hyundai expects sales to remain robust with Creta, Venue leading charge
• India's fuel demand to contract 11.55% in 2020: Fitch Solutions
• No record of MSMEs shut down amid pandemic: Govt
• India to ask foreign firms to source more local materials for government projects
• China rolls out fresh policies to boost hydrogen vehicle sales
• NBFC delinquencies may rise up to 250 bps in FY21: Crisil
• Covid sparks distress sale of luxury cars HT MINT
Industry
• Stagflation worries haunt India: What is it & how it really hurts?
• Chinas Communists to private business: You heed us, we'll help you
• Indian market 'attractive' proposition for FPIs; net investment at Rs 3,944 cr in Sep so far
• Net direct tax collection dips 31% in April-August
• Govt focussing on lowering road transport costs: VK Singh
• NHAIs East Coast Road expansion project gets nod
• MSME units from Maharashtra availed maximum loans under ECLGS: Minister
• Govt introduces three crucial Bills on labour laws in Lok Sabha amid Congress' opposition
• Goldman Sachs nets US$100m from Tesla trades
Passenger Vehicle
• Hyundai rolls out premium assurance programme for SUV Tucson, Elantra sedan
• EIB ups financing for Fiat Chrysler's electric vehicles to 800 million euros
Commercial Vehicle
• Scania's sets Green Bond Framework in support of sustainable transport
• Nitish opens interstate bus terminal on Patna-Gaya road
• Haryana roadways cancels its Chandigarh-Gurugram Volvo due to lack of passengers
Two Wheelers
• BMW Motorrad enters cruiser segment with launch of all new R18 model
Aftermarket
• Car dealers woo buyers with doorstep test drives in Goa
• Hyundai announces premium assurance programme for Tuscon, Elantra
Auto Components
• Auto-parts maker Garrett files for bankruptcy
• Auto parts manufacturers seek reduction in GST on spare parts
Tyres
• Macron challenger presses France to save tyre plant
Auto Technology
• Zoox gets driverless car test permit in California, a win for Amazon
Auto Finance
• How fintech can provide innovative financing solutions to Indias EV sector
Oil & Lubes
• Oil refiners worldwide struggle with weak demand, inventory glut
• Diesel prices down 19-21 paise across metros
• Global effort begins again to stabilise oil prices, OPEC+ meet may be called in Oct
 
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