Morning Daily - 2020-11-12

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ETAuto Newsletter | Thursday, November 12, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
ETAuto Originals
• ETAuto Exclusive: Hyundai plans India-centric EV's
• Kia Seltos ranks lower than Tata Nexon in GNCAP crash tests
• Three-wheeler segment stumbles on COVID-19, funds crunch, price hike
• M&M farm division to prioritise exports post-festive period
Top Stories
• PLI scheme for auto will enable India become a part of global value chain: Industry
• Auto sales up 36% in October 2020, PV sales grow 14%: SIAM
• Quarterly GSTRs pose new hurdles for MSMEs
• Electric trouble: Maruti going slow on its WagonR EV project amid doubts on commercial viability ET Prime
• Surge in rural economy to rev up tractor sales by 12% in FY21: Crisil
• EV policy will reduce carbon emission by 4.8 mn tonnes in 4 yrs: Delhi govt
• Govt to offer cash subsidy as means to encourage domestic manufacturing of storage batteries
• India in historic technical recession, signals RBI in its first-ever nowcast
• FASTag users in the country breach two crore-mark as more people opt for digital payments
• Honda says will be first to mass produce level 3 autonomous cars
• Late-Payment Numbers Are Low For Auto Loans, Good News For New Borrowers Forbes
• Next stimulus shot to focus on MSMEs, middle-income group, services sector HBL
• MG Motor partners ASDC, Autobot India to provide skilled manpower to automobile industry
Industry
• India to spend $27 billion over 5 years to boost manufacturing
• Cabinet okays PLI scheme for 10 sectors including auto, telecom
• China auto sales rise 12.5% in October, 7th straight monthly gain
• BMW CEO says he is weighing options for mobility JV with Daimler
• Bengaluru, Hyderabad lead in contract job opportunities: Survey
• Auto industry to be biggest beneficiary of PLI scheme: FADA
• Defense begins questioning in Japan trial over Ghosn's pay
Passenger Vehicle
• Digital wave further transforming the car purchase journey of Indian consumers
• Cadillacs probed for suspension failure that caused crashes
• EV maker Rivian to start taking pre-orders for electric pickup, SUV
• New BMW has classic grille - but for sensors, not airflow
• BMW unveils electric SUV to challenge Tesla, plans U.S. launch in early 2022
• Nissan's prospects brighten as China rebounds, but struggle ahead for weakened car maker
Commercial Vehicle
• Nikola discloses grand jury subpoenas from DOJ
• Delhi bans entry of trucks, construction activities as air quality remains 'severe'
Two Wheelers
• CredR, Hero Electric launch exchange offer on petrol two-wheelers
Auto Components
• Bharat Forge Q2 results: Reports net loss of Rs 1.32 crore
Tyres
• Italy's Pirelli says 2020 outlook still mixed, beats consensus in Q3
Auto Technology
• KPIT inks strategic deal with BMW Group for charging electronics program
Automotive
• M&M farm division to prioritise exports post-festive period
Oil & Lubes
• Return of administered price machanism? Petrol, diesel static for 50 days
• Brent crude hits $45 on Covid-19 vaccine hopes and US oil stocks
 
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