Morning Daily - 2020-11-04

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ETAuto Newsletter | Wednesday, November 4, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Mercedes invests Rs 400 crore in India to localize models
• Used cars trail new car sales in October, retail up just 5%-7%
• Pent-up demand, attractive interest rates boost Oct auto sales
• Germany slaps USD14 million fine on Tesla for alleged battery recycling violations
• Bajaj revs up in mid-capacity segment, but loses traction in entry-level bikes. Guess whos gained? ET Prime
• Industry is resetting to be competitive: Nirmala Sitharaman
• Luxury carmaker Ferrari sees full-year at top end of guidance
• India's exports dip 5.4% in October, trade deficit narrows to $8.78 billion
• Indian economy recovering fast, all parameters show improvement: DEA Secretary Tarun Bajaj
• Balkrishna Industries may commence production of its giant tyre by June next year
• India's September crude imports decline at slower pace; LPG imports jump
• Royal Enfield to ride solo into global markets HBL
• Nio, Xpeng & Li Auto: Which Chinese EV Stock Should You Pick? Forbes
• EGLE approves air-use permit for FCA's new Detroit assembly plant The Detroit News
• UAW-GM riverfront training center sold, to be renamed 'The Icon' The Detroit News
Industry Reports
• India has opportunity to get ahead in global supply chain reconfiguration race: KPMG report
Industry
• Micro enterprises grew the fastest among MSMEs
• US manufacturing activity at highest levels in two years
• Over 10,000 high security number plates booked by vehicle owners in Delhi in 2 days
• NHAI invites tenders for Bengaluru-Chennai Expressway
• Equity indices open in the green, Sensex up by 282 points
• 400 EV charging stns to come up across AP
• Finmin says no increase in service charges by any public sector bank
• Delhi: Vehicle sales shift gears in October to close in on pre-Covid levels
• GST borrowing quantum has to be reasonable, will continue to request states to join: Finance Secretary
• India central bank exploring investment options for reserves, sources say
Passenger Vehicle
• Belgian automotive designer Luc Donckerwolke is back at Hyundai group
• MG Gloster now Rs 1 lakh dearer, sold out for 2020
• Volkswagen takes on Tesla with first ID.4 electric models in China
• Mercedes Benz launches 'Made in India' AMG GLC 43 Coupe at INR 76.70 lakh
Commercial Vehicle
• Telangana & Andhra Pradesh resume inter-state bus services after 7 months
• Chandigarh: Centre to grant city subsidy of Rs 50 lakh for each electric bus
Two Wheelers
• Electric 2-wheeler penetration may reach 25-35 pc by 2030 in India: Report
Aftermarket
• Uber adds e-rickshaws to platform, deploys 100 such vehicles in Delhi
Automotive
• Sonalika delivers record 19,000 tractors in October
Oil & Lubes
• Oil dips as surging coronavirus cases fuel demand concerns
• Saudi Aramco third-quarter profit slumps 44.6 per cent as pandemic chokes demand
• Oil jumps as inventory falls, market awaits U.S. vote results
 
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