Morning Daily - 2020-09-29

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ETAuto Newsletter | Tuesday, September 29, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Renault India defers small SUV launch to 2021, yet eyes gain in market share
• Kirloskar Brothers Ltd promoter votes against reappointment of independent director
• Switchover to BS Trem-IV: Tractor industry concerned about affordability
• ETAutoCast: Rural markets leading growth engine: JK Tyre, CFO
• Automobile dealerships expect flat or moderate growth in festive season: ICRA
• Labour ministry clarification: Changes in labour laws will not trigger rampant hiring and firing of workers
• Finding a match for the Maharaja: reminiscences from a painful stake sale and lessons for Air India ET Prime
• Volkswagen, Chinese ventures to invest 15 billion euros in electric vehicles
• China's biggest automaker SAIC to have nearly 100 new EV models by 2025
• GM will repay $28 million to Ohio in tax incentives after closing plant
• Fiat to pay $9.5 million U.S. fine for misleading investors on emissions audit
• Uber weighs purchase of BMW-Daimler ride-hailing venture, report says
• China's SVOLT to supply cobalt-free EV batteries to Great Wall
• Rs 3 lakh crore PLI scheme for 10 sectors to boost domestic manufacturing
• Need to make coffee in the car? LG and Hyundai have a way Nikkei Asian Review
• As Electric Truck Startup Hyliion Goes Public, Founder Is Set To Be Americas Youngest Self-Made Billionaire Forbes
Industry
• US EPA chief challenges California effort to mandate zero emission vehicles in 2035
• RBI likely to maintain status quo in upcoming policy review
• RBI extends enhanced borrowing limit for banks under MSF till Mar 31
• Expect strong recovery in auto cycle in next 2 years: Motilal Oswal AMC
• Ford applies for German COVID-19 loan guarantees: Report
• India working with Japan, Australia for global supply-chain diversification: PM Modi to Denmark PM during summit
• EV maker Xpeng plans new plant with local govt financing
• Centre to SC: Decision on waiver of interest on interest likely soon
• NHAI won't disclose bid price in highway monetisation tenders
• Delhi: Green light to smart traffic signals that can auto correct, withstand rain & heat
Aftermarket
• Judge to rule whether Uber deserves new London licence
• Ford India launches 'doorstep service' facility
Auto Components
• Cleveland-Cliffs to buy U.S. assets of ArcelorMittal for about $1.4 billion
• Australia's Piedmont signs lithium ore supply deal with Tesla, shares surge
Tyres
• Bridgestone selected as exclusive tyre supplier for MC20
Oil & Lubes
• Diesel demand seeing degrowth, petrol picking up: IOC
• Low diesel demand hits BPCL's crude runs, ups petrol imports
• BPCL exec says privatisation will unlock value for company
• Gulf Oil Lubricants in strategic partnership with S-Oil of South Korea
 
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