Morning Daily - 2020-12-18

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ETAuto Newsletter | Friday, December 18, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• ETAuto Exclusive: Honda Cars pulls the plug from Noida production unit
• Tata Motors to acquire remaining stake in bus-making JV with Marcopolo
• Price hikes to dampen recovery for automakers after festive boost: Fitch
• GPS based toll collection system cleared; India to be toll booth free in 2 years: Gadkari
• Craftsman Automation files IPO papers with Sebi
• HSRP: Website hacked, chaos rules
• Uber announces launch of 3,000 electric two-wheeler, three-wheelers and cabs in 2021
• Punjab to levy processing fee for registration of new model of motor vehicle
• NHAI chairman gets six months extension
• How tiny Taiwan came to be the epicentre of the global battle for technological supremacy
• India wants a V-shaped recovery at any cost, the pressure now is on Shaktikanta Das
• India plans $60-bn investment in gas infrastructure: Dharmendra Pradhan
• Gadkari cautions steel makers against profiteering; says projects getting unviable, writes to PM
• Christian Sobottka to head HARMAN's automotive division
• Auto supplier Magna to make Fisker's electric SUV in Europe
• Electric Car Turmoil Will Make Brexit A Comparative Breeze For Auto Makers Forbes
• The automobile industry is discovering it needs a master plan Quartz
• Your Car Buying Experience In An Era Of Self-Driving Cars Forbes
• The New Career Cycle Is Here...And It Looks Vastly Different. Ready? Forbes
• Leading Agile Transformation4 Skills To Advance Your Response To Change Forbes
Policy
• Nirmala Sitharaman holds 5th pre-Budget consultations with representatives of social sector
• Biden's expected Energy Department pick, Granholm, could lead charge on electric cars
Industry
• No amount of government intervention adequate for pandemic-hit economy: Finance Minister Nirmala Sitharaman
• Indians investing in US stocks turn to little-known EV players as Tesla turns costly
• Thai Nov domestic car sales rise for first time in 18 months
• European new car sales drop by 13.5% y/y in November: ACEA
• Ransomware attacks on the rise even as cyber insurers scale back
Passenger Vehicle
• Canoo reveals electric delivery van, plans for pickup, microfactories
• Hyundai seeks full control of Turkish car plant, competition authority says
• Volkswagen loses top court case in EU in diesel scandal
• Tycoon aims to reshape carmaking one microplant at a time
Two Wheelers
• Bajaj Auto launches Platina 100 Kick Start (KS) at INR 51,667
Aftermarket
• Rapido expands 3-wheeler auto services to 11 more cities
• BMW opens new showroom in Chennai
• FM Logistic scouting for locations to set up intra-city warehousing units in Mumbai, Delhi & Bengaluru
Auto Components
• Copper pushes towards highest since 2013 with $8,000 in sight
• GPL commences PPF production; segment to contribute Rs 300 cr incremental revenue by FY23
• First Cobalt secures C$10 mln government backing for Canada refinery
• Germany's Continental aims to triple profitability under new CEO
Tyres
• Bridgestone India invests in fleet management startup Fleeca India
Oil & Lubes
• Indian companies' oil & gas output from overseas fields drops 11%
• No change in petrol, diesel prices 10 days in running
 
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