Morning Daily - 2020-11-28

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ETAuto Newsletter | Saturday, November 28, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Toyota veteran Shekar Viswanathan hangs up his boots
• Ashok Leyland renames Optare Group as Switch Mobility to highlight EV focus
• Ola focussed on aggressively building global electric two-wheeler biz: CEO
• Hero Motocorp appoints Michael Clarke as COO and CHRO
• Kia Motors breaks into operating profit in its first year of India journey
• Govt mulls plan to bring FAME-like scheme for hydrogen-powered systems: Niti Aayog member
• Royal Enfield is bulking up on mid-segment bikes, global expansion. T&C: No pillion allowed. ET Prime
• Indian economy claws back faster than expected in Q2; contraction at 7.5 pc
• TVS company buys M&M's First Choice Services
• Former MD of Bharti Infratel DS Rawat joins Sun Mobility as CEO
• TN govt announces stamp duty exemption and reduction in registration charges for MSMEs HBL
• British Auto Makers Nervousness Over EU Trade Deal Looks Overdone Forbes
• Teslas Made In China Model 3 Arrives In Europe Forbes
• The Holidays - A Time To Be Thankful For Electric And Autonomous Vehicles Forbes
• Trumps Job Growth May Have Hit A Wall Forbes
Policy
• Transport ministry issue guidelines to regulate cab aggregators like Ola, Uber
• Vehicle tracking devices must for public service vehicles
• SC directs govt to implement its decision to forego interest on eight categories of loans
Industry
• Core industries fall 2.5% in October on oil woes
• November auto wholesale volumes to be driven by demand sustenance, inventory refilling: Report
• Q2 GDP: Indian economy to continue on recovery mode, say experts, India Inc
• Indian shares flat ahead of GDP data; autos rise
• India's April-October fiscal deficit tops 126% of full year target
• India to achieve 175 GW renewable energy capacity by 2022: Amitabh Kant
• NHAI framing policy to lodge FIR against contractors, consultants for fraudulent practices to bag projects
• UT told to submit report on steps to promote e-vehicles
• Nitin Gadkari urged UP govt end stamp duty on toll collection agreements
• ECLGS 2.0 scheme: Govt extends credit guarantee scheme to 27 sectors
• Pune: Transport unions threaten stir over Dive Ghat facility
• Sensex flat ahead of GDP data
• Rupee opens 10 paise higher against the US dollar
Passenger Vehicle
• Volvo Cars unveil new-gen S60 sedan, bookings open Jan 2021
• Volkswagen plans small electric car for the masses
• Nissan India brings in 50 new sales & service touchpoints just before the launch of Magnite
• 'Cut in auto tax rates will boost demand'
• U.S. agency opens probe into 115,000 Tesla vehicles over suspension issue
• Tesla recalls 870 cars in China over defective roofs
• VW CEO pushes for contract extension in vote of confidence move
• Hyundai, Kia agree to $210 million U.S. auto safety civil penalty
• UK's sole hydrogen car maker bets on green revolution
• Hyundai, Kia fined for delaying US engine failure recalls
• How parent of BMW's China partner drove to the brink of bankruptcy
Commercial Vehicle
• Hitachi ABB Power Grids partners with Ashok Leyland in e-bus pilot at IIT Madras campus
• IIT-Madras to run electric bus with innovative charging technology
Two Wheelers
• Only BIS-certified helmets to be made, sold in India for two-wheelers
Aftermarket
• Meru Cabs plans to raise up to Rs 400 crore from PE funds
Auto Components
• Lithium buyers dismiss supply concerns as Tianqi faces looming repayment deadline
Auto Technology
• TVS Motor launches augmented reality app ARIVE
Auto Finance
• GM plans to seek banking charter for auto-lending business
Oil & Lubes
• Petrol, diesel price move up by a higher margin
• Pandemic brings forward predictions for peak oil demand
• Oil prices set for weekly gain ahead of OPEC+ meeting
• HPCL reskilling employees in new-age digital tech: Pushp Kumar Joshi, HR Director
• Battered by virus and oil slump, biofuels fall out of favour
• Malaysia's Petronas warns of challenging fourth quarter amid volatile oil prices
 
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