Morning Daily - 2020-10-12

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ETAuto Newsletter | Monday, October 12, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Citroen India to enter mass market EV space by 2022, to bring in flexi-fuel cars by 2021
• Delhi govt exempts road tax on battery-operated vehicles under its EV policy
• Goyal holds talks with auto industry players, aims for 20% modal share by 2021-22
• Maruti readies for festive celebrations but with caution
• Why M&M and Hero Moto look better bets to play the auto story
• Mercedes-Benz may assemble electric cars in India
• Double whammy for Air India sell-off: pandemic erodes value even as debt and losses pile up ET Prime
• Oct, Nov sales key to determine if V-shaped recovery of auto sales sustainable: Honda
• Cummins India says revival taking place, 'bullish' on India market
• India's September fuel demand posts first monthly gain since June
• Telangana in race to attract Tesla-like EV giants
• Mobility startup Bounce places order for 3,000 Ampere scooters
• This Is The New Transport Trend Sweeping Europe Forbes
• E-way bill generation to be restricted if taxpayer with over Rs 5 cr turnover fails to file return
• Extended monsoon unlikely to hurt harvest
• Has Tesla Really Fired Its PR Department? And Does It Matter? Forbes
• The One Thing That's Missing From Your WFH Routine And How To Get It Forbes
Policy
• GST Council to discuss compensation issue for third time in a row on Monday
• E-invoicing major GST reform for ease of doing business: Finance secretary
Industry
• Chitpur earmarked for transport of automobiles to Nepal
• Digital payments soar manifold in 5 years to FY20: RBI
• How SVAMITVA scheme aims to transform rural India
• Bharatmala Pariyojna sees construction of 2,921 km highways, 322 projects awarded till August 2020
• Indias agricultural exports jump in Covid times
• BASF sees swing to multi-billion euro loss in 3Q
• India's already-high inflation likely climbed further in September: Report
• Auto sector hopes for quick recovery in upcoming festive season: Emkay
Passenger Vehicle
• Audi chief sees 2020 sales down despite strong Q3: Automobilwoche
• Pandemic fuels New York used-car sale surge, risking 'Carmageddon'
• Audi says plant in Mexico remains open, debt dispute denied by company
• CSIR, KPIT conduct successful trial runs of hydrogen fuel cell prototype car
• Nissan to unveil Magnite to global audience on October 21
• Daimler labour chief urges lawmakers to promote car charging
• Audi plant in Mexico closed over unpaid bills
Commercial Vehicle
• Truck rental rates rise for first time since April
• Commercial vehicle sales continue to dip in Gujarat
• Mumbai's BEST presents Rs 1,887 crore deficit budget for 2021-22
• Tax waiver for private school buses
• Amazon introduces 1st custom electric delivery vehicle
Aftermarket
• Govt to facilitate renewal of international driving licence for citizens who are abroad
• Hyderabad cab drivers out of business due to COVID-19 pandemic
Auto Components
• LG Chem says Q2 operating profit likely jumped 159%
• Trump steel tariffs bring job losses to swing state Michigan
Auto Finance
• Expect AUM to remain flat in FY21, post double-digit growth in FY22: Shriram Transport Finance
• Business with turnover of over Rs 100 crore to generate e-invoice for B2B deals from Jan
• Moratorium period exceeding six months may result in vitiating overall credit discipline: RBI to SC
Oil & Lubes
• Fuel prices remain unchanged across metros on Sunday
 
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