Morning Daily - 2020-10-26

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ETAuto Newsletter | Monday, October 26, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Actively scouting for a partner for passenger vehicle business: Tata Motors
• Automotive recovery is on the anvil: Berger Paints
• Export markets leading sales revival, says Bajaj Auto CFO Soumen Ray
• COVID-19 pandemic has pushed back luxury car segment in India by 5-7 yrs: Audi
• Mahle to acquire air conditioning biz from Keihin Corporation
• VW to have Audi unit oversee UK brand Bentley
• Cut downtime, trace errors: how Rockwell Automation is helping Indian firms roll out Industry 4.0 ET Prime
• FPIs remain net buyers in Oct so far amid better than expected financial results
• Centre rolls out scheme for interest waiver on small loans
• COVID: No interest on interest for loans up to Rs 2 crore during moratorium
• Growth issues worry RBI monetary panel
• Time for a paradigm shift in execution of financial interventions for MSMEs
• Autonomous cars still a distant future: Tesla's 'full self-driving' vehicles can't drive themselves
• The internet comes calling for car salesmen
• Indian economy on verge of slow recovery as worst is over: PHDCCI
• EV Market Hits Its Tipping Point Forbes
Policy
• IRDAI proposes changes in insurance advertisement regulations
• Driver shortage mars tractor rental scheme
• BEST buses allowed to run with 100% capacity now
• First round of reskilling plan for 50000 migrant workers in Bihar
• Delhi: Purchased an electric vehicle after August 7? Log in to apply for subsidy
Industry
• Cyclists, pedestrians & 2-wheeler riders accounted for 57% of road fatalities in 19
• RBI governor Shaktikanta Das tests positive for Covid-19
• Dubai introduces facial recognition on public transport
• Drive against non-insured vehicles gains momentum
• Aggressive dollar buying by RBI, nationalized banks could have a China angle
• Goa ideal for logistics, export hub: Ex-Union industries minister
• 128 isolation coaches idling in Mysuru div will be used to transport freight
• Odisha govt planning new industrial policy to attract investment
• IIT-Jodhpur, NHAI sign pact to share expertise for betterment of highway infrastructure
• Indian lenders given deadline to implement interest waiver scheme
• Gujarat: Festive season fails to boost vehicle demand; 25% slide likely
• Helmet-less riders to lose licence for repeating offence
• Income tax return filing deadline extended till dec 31
• Tata Motors crosses 40 lakh cumulative production milestone
• Southwest Monsoon set to withdraw the country on October 28 after prolonged stay
• Nifty overbought, market may see sectoral rotation in the near term
• View: Lessons for India from the Bangladesh growth story
Passenger Vehicle
• Festive season fails to boost vehicle demand; 25% slide likely
Two Wheelers
• Fire engulfs electric scooters unit
• Triumph to premiere Trident on October 30
Aftermarket
• It is a ballot fight for survival for gig companies like Uber, DoorDash
• Autoliv posts quarterly profit beat as sales recover from pandemic blow
• Former Fair CEO seeks to buy the SoftBank-backed car leasing service
Auto Components
• Sweden's SSAB eyes Tata Steel's Europe business as Thyssenkrupp's back-up plan: Report
• How stimulus is leading to commodity boom
Oil & Lubes
• Oil falls more than 1% as surging COVID-19 cases stoke demand fears
• Big oil loses refining crutch with margins crushed last quarter
• Petrol, diesel prices unchanged as crude prices subdued
• Biden seeks to clarify remark on ending oil
• PM Modi to interact with CEOs of global oil and gas companies
• India's refinery processing limps to six-month peak
• Steady oil prices holds up any reversion in petrol diesel prices
 
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