Morning Daily - 2020-11-07

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ETAuto Newsletter | Saturday, November 7, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Dealers unhappy with Harley's compensation
• Nitin Gadkari asks automakers to reduce EV cost, forgo profit initially to capture market
• Royal Enfield's 2.0 strategy kicked off with Meteor 350 launch, 15-20 new products under consideration
• RNAIPL starts production of HRAO turbo engine: Nissan Motor
• Auto sales: Q2 plunge washes out entire gains in Q1 in rural markets, says report
• Auto sales could hit speedbreaker with spike in rural Covid-19 cases Business-standard.com
• Bajaj revs up in mid-capacity segment, but loses traction in entry-level bikes. Guess whos gained? ET Prime
• Bosch India invests $2 million in Routematic
• Vikas Bajaj elected as president of Association of Indian Forging Industry
• Most Investors Expect Ferraris Financial Strength To Continue Forbes
• Nitin Gadkari to make presentation before SC on ways to combat air pollution
• Government allows online bid submission for BPCL buy-out
• Minda Corporation PAT falls 30.6% to INR 25.8 crore in Q2 FY21
• Tata Tech to modernise Karnataka ITIs into tech hubs with outlay of Rs 4,600 cr
• MRF Q2 results: Profit rises 79% to Rs 411 crore
• Bentley's luxury car range to be fully electric by 2030
• Toyota-backed startup Pony.ai raises $267 mln in latest fundraising
• How Predicting The Future Has Changed For Automotive In 2020 Forbes
• Stop Paying For Office Space. Invest In Your Employees Retirement Instead. Forbes
Industry
• Haryana first: State Assembly passes bill on 75% job quota in private sector for local people
• Toyota-backed startup Pony.ai raises $267 million in new funding round
• T'puram to get four more e-vehicle charging stations
• Demand for in-city warehousing to go up as e-commerce firms target faster, same day deliveries
• Key sectors could be focus areas under India-Japan-Australia supply chain initiative
• Indias clean energy lures investors despite pandemic, slowdown: Report
• Tata Technologies partners with Karnataka govt to upgrade ITIs as technology hubs
• T'puram to get four more e-vehicle charging stations
• Rupee settles 28 paise higher at 74.08 against US dollar
Passenger Vehicle
• Skoda gets patent for illuminated seat belt buckle
• Vehicle sales in Karnataka up on September-October festive spirit
• Toyota more than doubles profit outlook as China sales rebound from pandemic
• Nissan unfolds engine, fuel economy details of upcoming Magnite SUV
• Toyota ramps up full-year forecasts as sales recover
• Tata Motors launches special edition Harrier CAMO at INR 16.50 lakh
• Honda doubles profit forecast, boosted by China rebound
• GM to invest 1 bn Canadian dollars in Canada plants to expand pickup output
Commercial Vehicle
• Force Motors net profit jumps over three-fold to Rs 14.05 cr in Q2
• Avail central aid to get e-buses in DTC fleet: Prakash Javadekar to Delhi CM
Two Wheelers
• Royal Enfield launches Meteor 350, price starts at INR 1.75 lakh
Aftermarket
• Mahindra Logistics adds 7.5 lakh sq ft warehousing capacity in Hyderabad, Chennai
• Will withdraw cabs, work only as aggregator: Uber to panel
Auto Components
• Bosch reports consolidated net loss of Rs 64.57 cr for Sep quarter
• Lithium producer Livent in deal to buy Nemaska, extend Tesla contract
• Magna beats quarterly profit estimates, raises 2020 sales outlook
Tyres
• CEAT to supply tyres for Royal Enfield's Meteor 350 bike
 
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