Morning Daily - 2020-10-31

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ETAuto Newsletter | Saturday, October 31, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Telangana rolls out 10-year EV policy, aims to attract $4bn investments
• Govt to provide production-linked incentives to more sectors: Niti Aayog
• Recovery continues: Contraction in core sector shrinks in September
• Tractor sales may grow 10-12 % in FY21 due to strong rural income: Ind-Ra
• AB Volvo and Isuzu Motors sign final agreements for strategic alliance
• Continental says CEO to resign for health reasons
• M&M K2 tractors to be made in Telangana
• Wheels India's new TN manufacturing facility to serve overseas market
• Poor visibility on EVs, a cost-obsessed market: scheme to fuel local batteries has many loose wires ET Prime
• Hyundai to augment production capacity
• What impact would a Biden presidency have on the auto industry?
• Qualcomm, FedEx, auto executives to propose modernized transport policies
• India can be the next Norway when it comes to EVs: Charles Frump HBL
• The worlds fastest car @ 533kmph! HBL
• Alto-nate reality: The resolute, peoples car HBL
• BPCL Q2 profit jumps 32% to 2,247.75 crore HBL
• Third Quarter Results Show Signs Of A Quick Recovery For U.S. Auto Industry Forbes Wheels
• 6 Things You Need To Do Before, During And After A Job Interview Forbes
• Council Post: 13 Warning Signs Your Current Job Doesnt Fit You Forbes
Policy
• Agriculture loans not part of government's interest waiver scheme
Industry
• Economic recovery faster than expected, confident of meeting $5-trn target by 2024: PM
• Auto sector increases ad spends post unlock: TAM AdEx report
• 6 electric vehicle firms to invest over INR 2,500cr in T'gana
• Call for 3rd-party contractor for highway maintenance
• UK companies positive on doing business in India and committed to supporting Atmanirbhar Bharat Mission
• Income tax department issued Rs 1.27 lakh refunds to more than 39.14 lakh taxpayers: Finance secretary
• Single window system, GST cell for UP exporters soon
• Delhi: Second phase of RFID project yet to take off
• States to maintain notified NHs yet to be handed over to Centre
• SP offers cashless plan to Tatas to fast-track exit
• Speed up work on national highways in Himachal: CM
• DuPont sees strong annual profit as auto sector recovers, signals more cost cuts
• Sensex jumps over 200 pts in early trade; Nifty tops 11,700
• IIT-Ropar signs two MoUs with National Highway Authority of India
• Cities reboot: From revamped public transport to home-offices, will Covid-19 change urban life for good?
Passenger Vehicle
• Toyota to invest $500 million in KDDI to deepen ties for 'connected car'
• Bargain on car deals: Rowth Auto launches website
• Delta Air Lines CFO Jacobson to resign, join GM as finance head
• Geely's EV unit Polestar seeks to raise around $900 mln: Sources
• Ford eyes first-year sales of 100,000 vehicles with hands-free driving system
• Lamborghini opens The Lounge in Tokyo
Commercial Vehicle
• MSRTC to run additional vehicles during Diwali
Two Wheelers
• Telangana EV Policy: First two lakh e-2 wheelers exempted from road tax, registration fee
• Fear of public transport fuels surge in electric scooter sharing in Bengaluru
• Okinawa partners with ZestMoney for finance solutions
Aftermarket
• Mahindra First Choice Wheels launches 50 new franchise stores across India
• Mahindra Logistics Q2 consolidated profit up 31% to Rs 15 cr
• Uber and HSBC wins help trading improve at ad group WPP
• Rapido launches Mumbai operations, eyes profitability in 18 months
Auto Components
• Trump suspends duty-free access for $817 million in Thai imports
• Tesla supplier LG Chem approves plan to split off battery business
Tyres
• Asian rubber prices soar on supply woes, COVID glove shortage and China tyre demand
Auto Technology
• Waymo releases Phoenix area self-driving car incident score card
Oil & Lubes
• Oil edges up, but set to post second monthly fall on virus spread
• Bharat Petroleum Corp puts Bina refinery expansion plan on hold pending privatisation
• GNIDA launches scheme for commercial plots, fuel stations
• Oil faces bumpy road to recovery as second virus wave accelerates: Reuters poll
 
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