Morning Daily - 2020-11-17

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ETAuto Newsletter | Tuesday, November 17, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• NBFCs lose car loan market share on rate war by PSBs
• Nissan says 'absolutely not' in talks about Mitsubishi stake sale
• Volkswagen looking at carving out Lamborghini and Ducati
• India's stimulus 3.0 supportive for growth, fiscal impact unclear: Fitch Solutions
• Centre, states working to streamline GST registration suspension to check fake invoices
• Maruti Suzuki India sells over 2 lakh cars via online channel
• Mercedes Benz to source cobalt, lithium for battery cells only from certified mines
• 187-page bid document, sea of paperwork: inside a plan to make EV batteries locally that bars Tesla ET Prime
• Germany to extend electric car subsidies to 2025: Sources
• US luxury car market fares well despite COVID-19
• BEST to acquire 100 double-decker buses
• Elon Musk fortune jumps $15 billion on Tesla's S&P inclusion
• 2022 Honda Civic prototype teased, unveil on November 17
• JLR to develop smart city hub in Ireland to test self-driving vehicle tech
• New normal throws up opportunities for EVs in new segments: Sulajja Firodia Motwani HBL
• Future Stellantis CEO says PSA is not investing in internal combustion engines The Detroit News
• Diesel Engine Giant Cummins Plans Hydrogen FutureWith Trains Coming Before Trucks Forbes
Industry
• WHO says defeating COVID-19 best way to reopen economies
• VW's Electrify America rolls out 'Plug&Charge' payment feature for some EV owners
• EESL appoints Mahua Acharya to lead new energy company Convergence
• China's Huachen Automotive Group says creditors applied for company restructuring
• Finland's battery plans spark environmental fears
• No extra compliance burden on taxpayers for GST turnover displayed in Form 26AS: DoR
• Wholesale price inflation up third month in a row; at 1.48% in October
• Parent of BMW's Chinese JV partner may undergo bankruptcy restructuring
Passenger Vehicle
• PSA boss sees more auto deals, and some failures, in electric shift
• Volkswagen to miss 2020 CO2 compliance target by 'a gram or so'
• US upgrades safety probe into nearly 159,000 Tesla vehicles
• Quebec to ban sale of new gasoline-powered cars from 2035
• Volkswagen to invest 1 billion euros in Slovakia plant
• Nissan explores possible sale of 34% stake in Mitsubishi Motors: Report
Commercial Vehicle
• Lordstown Motors says electric pickup launch 'on track' for fall 2021
Aftermarket
• Didi Chuxing, BYD roll out customized vans for ride-hailing service
Auto Components
• YSR Steel Corporation wooing partner for proposed plant
• Electric car batteries: the facts
• Arjas Steel acquires steel, auto components biz of Modern Steels
• Copper extends gains, aluminium near 20-month high on China demand
• Industrial metals jump on China demand optimism, copper at 29-month high
Oil & Lubes
• Oil prices edge higher ahead of OPEC+ meeting, vaccine hopes
• With global crude firm, petrol & diesel prices may rise
• BPCL privatisation gets multiple bids; Reliance skips, no supermajor in race
• Saudi Aramco plans debt market comeback with multi-tranche bond deal
 
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