Morning Daily - 2020-10-21

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ETAuto Newsletter | Wednesday, October 21, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• ETAuto Exclusive: Construction equipment industry banks on govt infra push for turnaround and expansion, says ICEMA president
• Ford bets on high-performance vehicles for higher mindshare
• Uptick in passenger vehicle sales to raise aftermarket demand: ACMA
• Motherson Sumi Systems signs pact to acquire Bombardier's Mexico-based electrical wiring biz for US $10 mn
• Mercedes to assemble AMGs in India
• Honda commences all-India dispatches of Hness CB350
• Inside Marutis rural drive: 12,000 sales executives, 900 outlets, and myriads of local influencers ET Prime
• Sales of manufacturing cos contracted 41.1% in Q1
• VW gauges interest in Ducati brand as a prelude to potential sale: sources
• Wall Street sees profit recovery for automakers, but will it last?
• Insurance startup Root eyes $6.3 bln valuation in market debut
• Less carbon, more electric vehicles: automakers prepare for potential Biden win
• Heres how Continental is trying to make roads safer from autonomous cars
• GM invests in 5 Michigan sites, taps third plant for electric vehicles The Detroit News
• Let Elon Musk Go Giga: A U.K. Upstart Says Microfactories Are The Profitable Way To Build Electric Vehicles Forbes
• Electric Car Sales Will Accelerate, But Gasoline Power Will Retain Big Global Share Forbes
Industry
• Turkey's TOGG, China's Farasis ink car battery deal
• Canada's Magna names President Kotagiri as CEO
• Sonalika in festive mood as tractor demand expected to remain on the upbeat
• Communications breakdown? Tesla turns away from media
• Punjab industry had to face Rs 40,000 crore loss during lockdown
• Nifty, Sensex edge lower as banks, consumer stocks slip
Passenger Vehicle
• Tesla reduces warranty period on used cars
• Daimler chief eyes China growth as trade tensions rise
• Porsche unveils Panamera Turbo S E-Hybrid
• Maruti launches subscription model in Pune, Hyderabad in partnership with ORIX Auto
• BMW says third-quarter cash flow in auto segment exceeded expectations
• Volkswagen K 70: Iconic mid-sized sedan turns 50
Commercial Vehicle
• An electric Hummer? Battery-powered trucks head to showrooms
• Etrio introduces Touro range of electric 3-wheelers
Aftermarket
• Didi considers 2021 IPO in Hong Kong, targets more than $60 bln valuation, sources say
• Uber introduces rider mask verification selfie feature in India
Tyres
• France outlines 100 mln euro plan to save Bridgestone plant
Auto Finance
• BoB ties up with Toyota Kirloskar Motor for auto finance
Oil & Lubes
• Greenfuel eyes trebling revenues by 2023
 
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