Morning Daily - 2020-11-10

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ETAuto Newsletter | Tuesday, November 10, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• PV retail sales decline 9% at 249,860 units in October 2020: FADA
• Maruti sales may fall 20% this fiscal: Suzuki Motor
• Renault India announces organisational changes
• Ashok Leyland has spent about 40% of its FY21 capex of Rs 750 crore by September-end
• Construction equipment sales grow in Q2 due to increase in govt spends on infrastructure
• Digital wave further transforming the car purchase journey of Indian consumers
• ACMA urges Haryana govt to reconsider 75% job quota bill
• Bajaj revs up in mid-capacity segment, but loses traction in entry-level bikes. Guess who's gained? ET Prime
• No auto boom, volumes fell 24% in October: Dealers
• Vijay Sankaran returns to Ford as chief software and information officer
• GM to add 3,000 tech jobs to develop vehicles and software
• Hyundai looks ahead to new SUVs in 2021 - and urban air taxis by 2028
• Fiat, Peugeot unveil Stellantis logo in further step towards merger
• CK Motors preparing to roll out commercial EVs HBL
• Chip maker NVIDIA signs in-car entertainment system deal with Hyundai Motor
Industry
• UK, EU resume crunch Brexit talks in London
• Finnfund to invest in Fortum Charge and Drive India
• Industries suffer Rs 22,000 crore loss due to suspension of goods trains: Sunder Sham Arora, Punjab minister
• Rupee rises 14 paise against US dollar in early trade
• India handled COVID-19 pandemic better than estimated; economy picked up momentum from September: SBI reports
• India can save Rs 1 lakh crore on crude oil imports by meeting 30% EV penetration target: Study
• Andhra Pradesh to launch IoT project in MSMEs for energy efficiency
• Chennai-Bengaluru eway gets NHAI push in boost to logistics hubs
• Bank of Maharashtra cuts repo-linked lending rate by 15 basis points to 6.90%
• Vadodara startup TecSo ChargeZone raises Rs 22 crore
• Most companies find provisions on tax collected at source challenging: Survey
• There's sustainable demand... overall consumption story remains intact: Dinesh Khara, SBI Chairman
• India looks to poor farmers to rescue virus-ravaged economy
Passenger Vehicle
• Poland bets on electric car to power auto parts sector
Commercial Vehicle
• Nikola's talks with GM continue as it reports quarterly loss
• Pune: RTO to get brakes testing device soon
• CK Motors plans to launch electric three-wheelers soon
Auto Components
• Second COVID wave won't cause plant closures in auto industry: Brembo
• Tata Steel signs MoU with Hindustan Zinc for procuring zinc and other metals
• Tata Steel, POSCO join forces to develop hyperloop tubes
• Infineon forecasts strong sales rebound after coronavirus slump
Auto Technology
• Virgin Hyperloop's first passenger ride a success, Pune engineer to ride next
Oil & Lubes
• Oil regulator gives up to 251 days more to IOC, Adani Gas, others to complete work
• No change in petrol, diesel prices even as crude softens
 
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