Morning Daily - 2020-11-11

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ETAuto Newsletter | Wednesday, November 11, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• 1200 workers go on sit-in-strike at Toyota Kirloskar's Bidadi factory
• Supply-side issues are behind us, says M&M
• Harley Davidson dealers appoint law firm AZB & Partners to look at possible legal options
• Audi to hike prices across models by up to 2% from Jan
• Ssangyong yet to conclude stake sale with Haah Automotive
• M&M reports 88% decline in net profit to INR 162 Crore for Q2 FY2021
• Bajaj revs up in mid-capacity segment, but loses traction in entry-level bikes. Guess who's gained? ET Prime
• Opinion: Is the Indian auto industry big enough?
• Motherson Sumi Q2 PAT declines 12% to INR 337 crore
• Restoration of India's GSP status, a small Indo-US trade deal to send very strong signal: Mukesh Aghi, USISPF
• Steelmaker Voestalpine sees recovery in auto industry
• Mitsubishi Corporation invests in TVS Supply Chain Solutions for a minority stake
• Bridgestone sees revival in OE segment, replacement market HBL
• Finch Helps Millennials Turn Their Checking Account Into An Investment Vehicle Forbes
• Britain's Auto Industry Demands Favorable Brexit Deal, Cites $60 Billion Cost Of Failure Forbes
• Two-Wheeler Industry: Are OEMs & Dealers ahead of their digital consumer?
Industry
• Demand for CNG vehicles up but fuel station inadequate
• India can save Rs 1 lakh crore on crude oil imports by meeting 30% EV penetration target: Study
• Walmart partners with GM's Cruise on self-driving delivery pilot in AZ
Passenger Vehicle
• Digital wave further transforming the car purchase journey of Indian consumers
• Auto demand grows this festive season: Report
• New Land Rover Discovery unveiled with key updates
• Ford adding 350 jobs at 2 plants to make electric vehicles
• Toyota Motor Corporation Australia selects Cigniti Technologies as strategic partner
• Skoda Auto commences car lease service, starts at Rs 22,580/month
Commercial Vehicle
• Logistics solution provider LetsTransport in talks to raise Rs 200 crore
• DICV sets up Global Capability Centre in city
• Big spike in travel sentiment egged by Diwali homecoming: 39L may travel by bus
Aftermarket
• Steelbird launches SB-39 Rox with Sun Shield helmet
Auto Components
• Minda Industries Q2 PAT up 63% at Rs 81 crore
• Chassis provider Motiv wins Bimbo Bakeries electric van order
• Exide Industries Q2 results: Net profit declines 4% to Rs 229 crore
• India's engineering goods exports may decline due to second wave of Covid infection in Europe
Auto Finance
• Cholamandalam Investment and Finance Company partners with Nucleus Software to launch co-lending business
Oil & Lubes
• Oil refiners shut plants as demand losses may never return
• Oil India second quarter profit drops 42% on blowout expense
 
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