Morning Daily - 2020-12-03

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ETAuto Newsletter | Thursday, December 3, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Hero MotoCorp inducts 10 Harley Davidson dealers into network
• Localisation helping us create global opportunities for export: Eaton (India) MD
• Hyundai Motor to launch dedicated EV platform in major push into electric cars
• Nissan offers Magnite with a starting price of INR 4.99 lakh for December
• Transporters threaten to halt operations in North India from December 8 in support of agitating farmers
• Corporate earnings to be back to pre-Covid levels by March 2022: Moody's
• Battery costs fall, make electric vehicles cheaper: BMI
• 9 things India can do to become an excellent place for doing business
• India to see $66 billion investment in gas infrastructure
• IndiGo, SpiceJet stocks soar on consolidation hope and new planes. But are the valuations justified? ET Prime
• India Inc rebounds post unlock: ICRA
• Government is working to create 5 crore additional jobs in MSME sector: Nitin Gadkari
• GDP growth to enter positive territory in Q4: Niti Aayog VC
• Kapil Madaan Joins Spark Minda as CISO
• India's exports decline 18% in April-November period this fiscal: Commerce Secretary
• GST framework is impacting engineering companies' exports: EEPC
• Ex-Thyssenkrupp CEO Heinrich Hiesinger to join ZF Supervisory Board
• November CV sales ride high on strong demand for lower tonnage vehicles Business-standard.com
• Bentley hires jets to fly car parts to Britain during Brexit
• IRF demands strict compliance of rules related to reflective tapes on vehicles to prevent accident
• Automobile Sales Have Grown Every Month Since July. Can It Sustain The Momentum? | Forbes India Forbes India
Policy
• Vehicle fitness renewal hit as Tamil Nadu govt restricts number of vendors
• New Zealand declares climate emergency, promises carbon neutral government by 2025
• Not applied for HSRP? You could face RTO roadblock
Industry
• VW's Hitzinger says complexity of new cars to drive consolidation
• Tata-Mistry case: Supreme Court to hear matter on December 8
• Nissan sets up new business unit for African region
• Multiple steps taken to fast-track highway projects; target to build roads worth Rs 25 L cr: Gadkari
• Saab to collaborate with Tech Mahindra for preventing road fatalities
• Construction, Aviation and hospitality sectors could take longer to recover from Covid impact: Report
• Goldman Sachs-led group offers Rs 1,800 crore lifeline to Birla Group's Kesoram
• Board of Trade meeting on Wednesday to discuss ways to boost exports, new foreign trade policy
• Himadri group eyes e-mobility space, to unveil e-cycles
• GST collection gets festive boost in Gujarat, up 11% in Nov
• Pandemic e-tail push creates 3 lakh delivery, supply chain jobs
• Chile aims to seal updated EU trade deal in early 2021
• Former Tesla employee to pay $400,000 to end lawsuit over tips to reporters
Passenger Vehicle
• Volvo CEO says negotiations to combine with Geely to resume in Q1
• The secret behind lusturous, enamel-coloured Rolls-Royce, Bentley, Bugatti hood ornaments
• Peugeot-Citroen to offer electric versions of all vans
• Automakers unveil proposals to speed U.S. self-driving deployment
• Tesla's S&P 500 entry takes away secret weapon for stock pickers
• Mahindra first Formula E team to sign up for Gen 3 regulations
• Fiat brand to electrify 60% of its models by end-2021: Exec
Commercial Vehicle
• 100% tax exemption for private bus operators in Punjab
• Daimler, Foton say will start making Mercedes Benz trucks in China
Two Wheelers
• E-scooter sharing firm VOI raises $160 mln to expand
• Yamaha India reports 35% sales growth in November
Aftermarket
• Olx merges online and offline businesses for auto
• All parking in Bengaluru may turn smart, paid
• Om Logistics invests Rs 125 cr in Pune warehousing facility
Auto Components
• Options are the accelerant for copper's raging bull fire
• Copper slips from multi-year highs on profit taking
• Hyundai affiliate plans $240M transmission plant in Georgia
• Indian steel mills hike prices by Rs 2500 - 2700 per tonne in December
Tyres
• CEAT to supply tyres for Nissan Magnite
• Tyre maker Maxxis India eyes 5% market share in Tamil Nadu by 2021
Auto Finance
• Yes Bank aims to disburse Rs 10,000 crore retail, MSME loans in December quarter
Oil & Lubes
• India keen on US allowing resumption of oil supplies from Iran, Venezuela: Pradhan
• Oil prices slip but traders cheer vaccine approval
• Oil prices drop on U.S. stock build, delay in OPEC+ meeting
• Castrol India elevates Deepesh Baxi as new CFO and Whole-time Director
• Exxon Mobil in talks to buy stake in Indian oil, gas fields: Pradhan
• BPCL receives three preliminary bids, says Oil Minister Dharmendra Pradhan
 
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