Morning Daily - 2020-12-23

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ETAuto Newsletter | Wednesday, December 23, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• ETAuto Panel Discussion: Auto component industry urges govt for adequate deliberations on PLI scheme
• Bajaj Auto to invest INR 650 crore in the new facility at Chakan
• JP Morgan demands loan repayment of 40 billion wons from SsangYong
• Car discounts fail to cheer this December
• Covid has dramatically changed the idea of personal transportation: Vivek Chaand Sehgal
• Top 10 two-wheelers sold in Nov 2020: Splendor continues its splendid run
• Infosys, Daimler In Deal For IT Infra Transformation
• Cars made for India, better aftersales service: Skoda Volkswagen wants to fix past mistakes ET Prime
• Hyundai Motor to suspend operations at Asan factory for 8 days
• FADA seeks implementation of panel proposal for Franchise Protection Act
• Sun Mobility to set up 100 EV battery swapping stations across Bengaluru
• Embracing new normal, corporates set to step up hiring, appraisals in 2021
• Vehicles on ethanol to get separate identification mark
• Tata Motors to introduce Altroz turbo in January
• Apollo Tyres launches portal to foray into online sales space
• Indians most optimistic in APAC about job, pay rise prospects in 2021: Survey
• Hyundai buys GM's car plant in Russia's St. Petersburg
• Toyota's Chief Says Electric Vehicles Are Overhyped WSJ
• Digital Careers Ahead: AI Instructors, Remote Work Heads, Digital-Charged Marketers Forbes
• The Best Tech Companies For Remote Jobs In 2021 According To Glassdoor Forbes
Policy
• Panel to frame rules for private companies building logistics parks
• Highway's still bad, collect only half toll till January 18, Madras HC tells NHAI
Industry
• Industry bodies to press for holding back new wage definition in meeting with govt on Dec 24
• Chinese autonomous vehicle company WeRide raises $200 mln from bus maker Yutong
• Electric vehicle market in India expected to hit 63 lakh units per annum mark by 2027: IESA
• Digital insurance platform RenewBuy in talks to raise Rs 200 crore
• World on threshold of new era of cooperation due to COVID crisis: Tata Sons Chairman N Chandrasekaran
• India plans tough annual targets for state firms to boost valuations: Sources
Passenger Vehicle
• From the most forgettable to most overhyped, here are the worst luxury cars of 2020
• Toyota announces halt in plant operations in UK, France amid new virus fears
• Bumpy ride: TN's auto exports fall 50% in April-Sept
• Mercedes-Benz teases MBUX Hyperscreen; unveiling at CES 2021
Commercial Vehicle
• Some of Motherson Sumi European plants closed for Christmas holidays: Vivek Chaand Sehgal
Auto Components
• BYD to build new EV battery factory in China's Bengbu
• SQM announces 8-year deal to supply lithium to LG Energy Solution
• ArcelorMittal, Nippon Steel to build new electric arc furnace in U.S.
• Lidar start-up Ouster agrees $1.9 bln deal to go public
• Japan's Jan-March crude steel output forecast to drop 2.5%: METI
• Velodyne signs multi-year contract with Motional for alpha prime sensors
Automotive
• India, Bangladesh should collaborate more in farm sector: Piyush Goyal
Oil & Lubes
• Petrol, diesel prices static for 15th day in a row
• India's natural gas consumption rises 2% in November from a year earlier
• Oil slips again as new coronavirus strain proves 'nightmare before Christmas'
 
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