Morning Daily - 2020-09-30

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ETAuto Newsletter | Wednesday, September 30, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• China's Great Wall Motors hopeful of hearing soon from Indian government on investment clearances
• New formula for recall of faulty vehicles
• Online videos emerge as the new sales consultant for car buyers, says Google study
• Inside Pankaj Dubey-led EV startup Power.Globals ambitious plans for India
• Going into festive season, passenger vehicles in top gear
• The impact of a new data management system on Hero MotoCorps business
• Finding a match for the Maharaja: reminiscences from a painful stake sale and lessons for Air India ET Prime
• Thyssenkrupp to cut 800 jobs at automotive business
• Toyota's annual global electrified vehicles sales could reach 5.5 million by 2025: Executive
• When old is no more gold: What to do with old vehicles?
• Etrio raises USD 3 mn from Singapore-based investors
• SBI cuts auto loan rates, offers deals on others
• Birla Tyres in talks with multiple partners for collaboration across tyre segments
• Honda's bow to 'new normal' points Japan Inc in a fresh direction Nikkei Asia
• Maruti Suzuki shortlists 5 startups under MAIL programme
• CV industry to see growth in Q4 of FY21: CEO of Volvo Eicher HBL
• Rahul Kirloskar unnecessarily casting aspersions on my integrity: Kishor Chaukar tells NCLT HBL
Industry
• NHAI withdraws TOT-4 as it tests recent policy changes for monetising road assets
• Japan automakers post 14% drop in August global sales
• Nissan employee testifies against American on trial in Japan
• Tatas court investors for new digital platform in bid to take on rivals Amazon, Jio
Passenger Vehicle
• Emissions crunch drives VW to overhaul its supercar strategy
• Groupe PSA and FCA announce board of directors for Stellantis
• Honda shows intent on EVs, unveils SUV e:concept
• UK car sector launches scheme to back struggling suppliers amid COVID hit
• Odisha imposes restriction on use of private vehicles for hire
Commercial Vehicle
• GM 'continuing discussions' with Nikola on alliance deal
• EV makers AYRO, Karma team up to manufacture delivery vehicles
Two Wheelers
• Wheels set in motion for Gurugrams first cycling track
• Okinawa announces Eco App for its connected scooter range
Aftermarket
• Uber weighs purchase of BMW-Daimler ride-hailing venture
Auto Components
• Battery maker Northvolt raises $600 mln in private placement
• Shares of LG Chem rise after report of Tesla's interest in battery unit
• EU fines German car parts makers 18 million euros for cartels
• Mahle and Ballard link to develop fuel cell systems for commercial vehicles
• Auto ancillary sector's revenue may fall 16-20% in current financial year: India Ratings
• Groupe PSA joins hands with GoMechanic to bring Eurorepar product line in India
• Australia's Jervois Mining to buy Brazilian cobalt, nickel refinery
Oil & Lubes
• Oil drops 2nd day as surging coronavirus cases prompt demand worries
• Oil slips as demand worries offset hopes for stimulus
 
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