Morning Daily - 2020-12-17

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ETAuto Newsletter | Thursday, December 17, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• ETAuto Exclusive: PLI scheme draft offers benefit to big auto manufacturers only; here is why
• Auto component industry top-line dips 34% at Rs 1.19 lakh crore in H1 FY21
• FCA to invest $150 million set up Global Digital hub in Hyderabad
• Hero MotoCorp to hike prices by upto INR 1500 from Jan 1
• Hyundai Motor Group announces key executive appointments
• Govt invites proposals for setting up electronic chip plants in India, acquisition abroad
• Cars made for India, better aftersales service: Skoda Volkswagen wants to fix past mistakes ET Prime
• 'Tyre demand in FY21-24 may be insufficient to absorb capacities created in current capex cycle'
• High taxes and duties keep petrol, diesel prices close to all-time high levels
• Delhi municipal corporations plan e-charging stations at every 3km
• Ashok Leyland introduces two passenger bus models in Saudi Arabia
• BMW sees automotive margin at upper end of 2020 guidance: CFO
• Physics based sensor simulations for autonomous verification
• Cost of 'green' hydrogen to fall by over 50% by 2030: TERI report
• Ford announces two retirements, four promotions amid ongoing leadership changes The Detroit News
• The New Career Cycle Is Here...And It Looks Vastly Different. Ready? Forbes
• Three Ways To Retain A Younger Generation Of Employees Forbes
Industry
• DPIIT making genuine effort to provide single window system for approvals: Piyush Goyal
• Few economies ready for long-term prosperity through improved public services: WEF study
• PLI scheme to boost auto sector with Rs 57,042 cr outlay: Meghwal
• Eramet, BASF target electric vehicles with nickel, cobalt project
• Road traffic, toll collections ramp up better than expected in Apr-Nov: ICRA
• FM Logistic India and Welspun One Logistics Parks sign 9 lakh sq. ft lease for Bhiwandi Park
Passenger Vehicle
• $2.1 mn hypercar Venom F5 with 1,817 HP engine all set to break the world speed record
• BMW warns 'no-deal' Brexit will force up prices
• Vehicle charging in Valhalla: a heroic power struggle
• Sold 1 lakh 'connected cars' in India, says Kia Motors
• Nexzu inks pact to foray into West Bengal EV market
• Toyota working on solid-state battery, to recharge EVs in 10 minutes
• Startup PURE EV ties up with CSIR-CECRI indigenise LIB tech for electric vehicles
Two Wheelers
• Estonian mobility startup Bolt raises 150 million euros from investors
Aftermarket
• Gig economy workers say they can no longer survive
Auto Components
• EVs to close in on ICE vehicles in few years as battery costs expected to plummet to $100/kWh by 2023
• LME to forge ahead with plans to support sustainable metal production
• 400 foundries in Coimbatore stop production over raw material price hike
Auto Technology
• Lyft, Motional to launch multi-city U.S. robotaxi service in 2023
• Mobileye looks to build its own lidar to drive down self-driving costs
Oil & Lubes
• India's December 1-15 diesel sales down 5.2% y/y
• Oil slips on demand worries as COVID-19 lockdowns tighten in Europe
 
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