Morning Daily - 2021-01-05

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ETAuto Newsletter | Tuesday, January 5, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Industry | Tyres | Oil & Lubes | Commercial Vehicle
Top Stories
• Fiat Chrysler to invest $250 million in India unit to launch new SUVs
• Nissan India to hire 1,000 plus workforce to reduce waiting period on Magnite
• CV sales gloom: Truck rentals skid on lower cargo offerings
• PSA shareholders approve merger with Fiat Chrysler
• 2021 will be year of reinvention and regeneration: Anand Mahindra
• India's manufacturing sector ends 2020 on brighter note
• Why are EV stocks soaring? Tesla et al. know what legacy automakers don't market loves disruption ET Prime
• Hyundai, Kia expect auto sales rebound in 2021 after two straight years of declines
• Ford introduces 2021 EcoSport Titanium trim with sunroof at INR 799,000
• Hyundai Motor India commences exports of all-new i20
• GST compliance may increase the burden for small firms this year
• Asian factories shake off COVID-19 hit, tighter controls cloud outlook
• Hyundai Motor reports 2020 global sales of 3.74 mln vehicles
• Tesla hits record high in first trading session of 2021
• Volkswagen hires utility executive to lead electric charging unit
• Tata Motors partners with Karnataka Bank for retail financing
• Carlos Ghosn asks why Japanese don't question him in Lebanon
• 15 industry leaders share their wish lists for 2021 Automotive News
• FCA scandal figure Al Iacobelli catches prison break after helping feds The Detroit News
• The Collapse Of The Office Building Forbes
• 2021 Career Predictions And New Trends Forbes
Monthly Sales Report Card
• Honda 2Wheelers domestic sales rise 5% to 2,42,046 units in Dec
• Bajaj Auto domestic motorcycle sales grow 4% to 1,28,642 units in Dec
Passenger Vehicle
• Apple assembler Foxconn set to make electric SUVs with Chinese startup Byton in 2022
• Analysis: For Peugeot and FCA, completing their merger is just the start
• Brexit throws down electric gauntlet to UK cars
• Philippines hits imported cars and vans with tariffs to help domestic industry
• Ford introduces 2021 EcoSport Titanium trim with sunroof
• Elon Musk says Tesla caused 2/3 of his personal & professional pain, but was worth it
• Fatal incident halts Hyundai's S.Korean factory after retooling for new EV
• Tata Motors shares gain over 3 pc after December sales data
Policy
• India's tax pie gets altered because of pandemic; share of direct taxes drops
• New Act not applicable to land acquired under state laws: Karnataka HC
Auto Components
• Auto supplier Magna to develop driver assistance technology with Fisker
• PURE EV AI system to auto-resolve defects in Li-ion batteries
• China's GEM seeks to double stake, take control of Indonesia nickel project
Industry
• Tesla appears to have plenty of momentum after meteoric 2020
• Economic normalisation continues apace in week to Jan 3: Report
• Haryana's first e-charging station inaugurated at Panchkula
• Nitish Kumar approves Rs 4,154 crore bypass road projects in urban Bihar
• Infrastructure credit grew marginally to Rs 22.6 lakh crore in H1FY21, says new report
• Govt paving way for entry of E-20 vehicles in 5 years
Oil & Lubes
• Most OPEC+ producers oppose Feb output increase: Sources
• L&T Hydrocarbon Engineering bags over Rs 7,000 crore order from HPCL Rajasthan Refinery
• India's power ministry proposes pushing back emission norms deadline
• Crude oil futures rise on spot demand
Auto Technology
• Big incentive scheme coming for wearables, hearables, IoT devices and drones in 2021
• Xpeng's new 2021 production EV models to have Livox lidar
 
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