Morning Daily - 2020-10-23

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ETAuto Newsletter | Friday, October 23, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Maharashtra govt in talks with Tesla to invite investment in the state
• Continental is said to explore sale of turbocharger business
• Car exports hit skid row, down 58% in April-Sept
• JLR to use aerospace technology to develop future lightweight vehicles
• Bajaj Auto Q2 results: Profit drops 19% YoY to Rs 1,138 crore, misses Street estimates
• Renault expands network to tap emerging markets
• Cut downtime, trace errors: how Rockwell Automation is helping Indian firms roll out Industry 4.0 ET Prime
• Hyundai is primed for a chaebol tune-up
• Volkswagen appoints Ashish Gupta as Brand Director for India ops
• Ashok Leyland completes ICV range with BS-VI Boss LX and LE launch
• EESL to invest in Thailand's e-mobility player SWAG
• Suzukis Gujarat plant produces 1 million units
• Mercedes-Benz AMG GLC 43 Coup to launch on November 3
• Rise in unemployment rate weakening India's labour market recovery, says CMIE
• A look at Donald Trump's record on auto jobs
• Applied Intuition Reaches $1.25 Billion Valuation In New Funding For Its Autonomous Vehicle Testing Software Forbes
Policy
• Third quarter contraction may be smaller than forecast, says NITI Aayog Vice Chairman
Industry
• North American Automotive Industry Forecasts and Trends: Audio Interview
• Indian economy set for a near double-digit contraction this fiscal year
• Biden campaign tells miners it supports domestic production of EV metals
• UK plans for self-driving cars threaten safety: Insurance group
• Ashok Leyland expects to boost market share in ICV segment
• Bajaj Autos strong cash position a big positive, says Mitul Shah
• Former Tesla CIO Jay Vijayan's Tekion turns a unicorn with $150 million funding
• Auto startups chasing Tesla race past red flags to go public
• Stock market update: Auto stocks slip; Hero MotoCorp sheds 2%
• In 2019, Delhi saw lowest number of road deaths in nearly 15 years
• Jhunjhunwalas just picked up two new stocks, hiked stakes in 6 others
• BMW opens new dealership in Vadodara
• New penalties in place for motor violations in AP
• In 2019, Delhi saw lowest number of road deaths in nearly 15 years
• Trade hit by record 60% surge in freight
Passenger Vehicle
• Fiat's 500 BEV to have entry price of 19,900 euros in Italy, including incentives
• Tesla 'full self-driving' vehicles can't drive themselves
• BMTC conducts trial run of electric bus in Bengaluru
• Auto major Skoda, dealer asked to pay Rs 6 lakh over car glitches
• Tesla profit doubles as car deliveries surge
• Used car consignment store CarLotz nears deal to go public
• Cruise, GM to seek U.S. okay for self-driving vehicle without pedal, steering wheel
Commercial Vehicle
• Routematic diversifies into shopfloor solutions
• Autos to be fitted with electric batteries
Two Wheelers
• HMSI commences export of 125cc SP125 to Europe
• Royal Enfield teases Meteor 350, to unveil on November 6
Auto Components
• Liberty Steel begins operations in India; starts production at Adhunik plant in Odisha
• LME chooses hydroxide for new lithium contract
Auto Technology
• Tesla's release of new 'self-driving' software closely watched by U.S. regulator
Oil & Lubes
• Fuel prices stay static, petrol ends month without revision
• Crude oil futures rise on spot demand
• Asia Fuel Oil-VLSFO crack nears 1-month low, Singapore stocks ease
• Consumers may get relief on petrol, diesel prices this festive season
 
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