Morning Daily - 2020-11-19

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ETAuto Newsletter | Thursday, November 19, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Imitation doesn't work: Eicher's Lal
• Autos and cab rentals rev up ride-hailing apps
• Customer expectations become the core of auto tech evolution, investment: IBM
• Renault to launch compact SUV KIGER in India in Jan-Mar 2021
• Musk leapfrogs Zuckerberg to become world's third-richest person
• New businesses grow but fail to pull Greaves Cotton out of the red in the September quarter
• 187-page bid document, sea of paperwork: inside a plan to make EV batteries locally that bars Tesla ET Prime
• BMW moves engine production to Britain as German plants go electric
• Nissan's UK business tough to sustain without Brexit trade deal - COO Gupta
• Hero MotoCorp sells over 14 lakh units in festive season
• Luxury brands Bugatti and Lamborghini to be headed by one chief from December
• India will exceed global warming target if it does not limit carbon emissions, according to G20's climate change report
• Green is the new black in boom for clean energy funds
• Fossil fuel-based vehicle bans across the world
• Tesla Tequila Is Not The Weirdest Product Ever Made By The Auto Industry Forbes
• General Motors aims to commercialize battery, fuel cell technologies, be automaker of the future The Detroit News
• Judge sends former UAW VP and GM board member Ashton to prison for 2 1/2 years The Detroit News
Industry
• CEO Scott Wine to leave Polaris Inc to lead CNH Industrial
• Global debt to hit record $277 trln by year-end on pandemic spending splurge:IIF
• Rupee opens on flat note against US dollar
• Morgan Stanley sees Sensex at 50,000 by December 2021
• Japan's long run of falling exports slows as auto demand perks up
• European new car sales drop by 7.1% y/y in October - ACEA
Passenger Vehicle
• Rivian CEO eyes smaller electric vehicles for China, Europe
• Renault unveils Kiger B-SUV concept, India launch soon
• 2022 Honda Civic prototype breaks cover, launch in May 2021
• UK electric van startup Arrival to get U.S. listing at $5.4 bln valuation
• General Motors launches use-based auto insurance with OnStar vehicle data
• Britain to ban new petrol cars by 2030 on road to net zero emissions
• Volkswagen welcomes German government's scheme to support low-emission cars
• Tesla surges as fund managers face big decision: How much to own
• Aston Martin to share F1 safety car duties with Mercedes: Reports
• Hyundai faces lawsuit over EV fires as GM launches recall
• U.S. judge dismisses part of diesel criminal case against Fiat Chrysler engineer
Commercial Vehicle
• Infraprime Logistics to rollout 1,000 heavy electric trucks in India
Two Wheelers
• Startup Pure EV to launch e-scooter Etrance Neo next month
Auto Components
• Steel Minister Dharmendra Pradhan calls for reducing imports of finished steel goods
• Panasonic, Equinor, Hydro consider battery production in Norway
Auto Technology
• U.S. regulator votes to shift some auto safety spectrum to Wi-Fi use
• GM will announce boosted spending plans for EVs on Thursday - sources
• Elektrobit, BlackBerry QNX OS integrate to provide platform for HPC based auto architecture
Auto Finance
• RBI imposes Rs 5 lakh penalty on Nissan Renault Financial Services India
Oil & Lubes
• Vedanta bids for BPCL; major foreign player too in race
• ONGC doubles down on spending to make up for lost time due to COVID-19
• PSUs may be roped in if BPCL sale does not get desired valuations
 
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