Morning Daily - 2020-11-05

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ETAuto Newsletter | Thursday, November 5, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Only 10-15% penetration of electric cars is expected by 2030 in India: Report
• New product launch delays set to hurt Royal Enfield's festive plans even as competition grows
• SC reserves order on Skoda's plea challenging FIR in UP over "cheat device" in diesel car
• Invite Tesla to set up plant in Mihan, MPCC neta urges CM
• Commercial vehicle volumes to contract 25-28% in FY21, outlook remains negative: Icra
• Apollo Tyres Q2 net surges over two-fold to Rs 200 cr
• Bajaj revs up in mid-capacity segment, but loses traction in entry-level bikes. Guess whos gained? ET Prime
• Sundram Fasteners Q2 net profit up 45% at INR 103.64 crore
• M&M claims Thar bookings cross 20,000 units; waiting period over 6 months
• Nitin Gadkari favours increasing speed limit on highways, expressways
• Auto industry, govt to meet to discuss roadmap for alternative fuels HBL
• JLR opens bookings for its electric SUV I-PACE in India
• KPIT partners with KLE Tech University for employee graduation programme
• BMW Q3 profit rebounds on China demand for luxury cars
• Tesla's journey from nearing bankruptcy to becoming the largest automaker in the world - TechStory TechStory
• Ford's new CEO promises investors more transparency, reports October sales declined 6.1% CNBC
• PSA, Fiat Chrysler likely to cut models, brands in China after merger Automotive News Europe
• India's services activity grows in October for first time in 8 months
• How Older Workers Can Get A Job In 2021 Forbes
• A New LinkedIn Study Shows Job Seekers Are Not Helping Their Own Cause: Heres What You Need To Do To Get Noticed Forbes
Industry
• Hiring for freshers improving; likely to continue till end of FY21: Experts
• Interest on interest waiver: Banks start crediting accounts; FinMin issues additional FAQs
• Sensex, Nifty rise as IT stocks gain on stronger dollar
• Economy to reach pre-pandemic levels by year-end: Finance Ministry
• China Export Controls and AI & Machine Learning Algorithms: Effects on the Global Auto Industry
• Finance Minister to unveil another stimulus soon, says Economic Affairs Secretary
Passenger Vehicle
• Ford recalls 375,000 Explorer SUVs over part tied to 13 crashes
• Volkswagen to roll out 8 ID. family electric models in China by 2023
• Volkswagen to roll out 8 ID. family electric models in China by 2023
• Mitsubishi Motors reports second-quarter loss due to coronavirus slump
• BMW Q3 profit rebounds on China demand for luxury cars
• Subaru raises profit outlook as US market rebounds more than expected
Commercial Vehicle
• German transport minister to propose trade-in programme for old lorries
Aftermarket
• Uber, Lyft shares jump as California set to pass gig-worker ballot measure
Auto Components
• Inverted Energy opens new lithium battery manufacturing plant in Okhla
Auto Finance
• I-T department allows condonation of delay in filing audit reports by trusts, institutions
Oil & Lubes
• Repos Energy launches double-dispenser mobile petrol pump
• Gas, ATF may come into GST fold ahead of other petro products
 
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