Morning Daily - 2021-01-07

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ETAuto Newsletter | Thursday, January 7, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Industry | Tyres | Oil & Lubes | Commercial Vehicle
Top Stories
• Audi India eyes double-digit growth in 2021, but does it have enough to take on the rivals?
• Far from 10 lakh target by 2022, only 31,813 high-speed electric bikes sold under FAME II since 2019
• Maruti Suzuki production up for fifth straight month; clock 33.78% growth
• Two-wheeler market logs steady growth in December
• JBM officially ventures into EV space forms a new company JBM Ecolife Mobility
• 2020 - The Year Like None Before
• India needs multi-airport systems to manage its 15% CAGR traffic growth. Here's a call to action. ET Prime
• Government looking at new plans, laws to solve MSME receivables issue: Gadkari
• UK new car registrations in 2020 sink to 30-year low BBC News
• Tata Motors' new flagship SUV to be branded as 'Safari'
• Ducati plans to launch 12 new motorcycles in 2021
• Tesla market value tops $700 bn for first time
• Tata Motors empowering customers going beyond just BS6-compliant products
• Kia ignites its transformation with new logo, global brand slogan
• JK Tyre to supply tyres for top-end variants of Hyundai Creta
• Waymo: Why you'll hear us saying fully autonomous driving tech from now on | Automotive World Automotiveworld.com
• Council Post: 15 Questions Entrepreneurs Need To Answer Before Quitting Their Jobs Forbes
• Career Experts Offer Free Job Search And Career Resources Forbes
Passenger Vehicle
• UK car sales crash to almost 30-year low
• Comfort critical criteria for new car buyers: Citroen
• GM delivered 2.9 mln vehicles in China in 2020, down 6.2% y/y
• Maruti Suzuki adds additional models to 'Subscribe' offering
• Toyota Kirloskar Motor rides in new Fortuner and Legender
• UK car sector warns of Brexit costs as it pushes for investment
Two Wheelers
• Hero Electric delivers 12 electric bikes to Pioneer Asia Group
Policy
• Govt clears India-Japan pact to institutionalise mobility of skilled workers
• Cabinet approves MoC to facilitate movement of skilled workers from India to Japan
Auto Components
• SK Innovation to issue $1bn 'green bond' for US battery plant
• 49 Indian steel, iron items to be preferred for public works
Industry
• Sales of battery-electric vehicles in Germany triple in 2020
• Czech new car sales fell 18.8% in 2020 - importers' association
• Demand recovery for automobiles continues in 3rd quarter: Report
• Reserve Bank of India to be on a long-pause in rates: Report
• Government looking at new plans, laws to solve MSME receivables issue: Gadkari
• NBFCs may see 7-9% growth in AUM next fiscal: Icra
• Italy not ruling out stake in new automaker Stellantis: report
• Pandemic sank auto sales, vaccines could bring buyers back.
• Lower tax burden on partnership firms, impose special duty on etailers: Traders' body urges govt
Tyres
• Michelin to eliminate up to 2,300 French jobs
• Rs 1,100 cr push for rubber plantation in northeast India
Oil & Lubes
• Traders accelerate oil sales from floating storage to meet Asia demand
• Oil extends gains after surprise Saudi output cut and U.S. crude draw
• Petrol, diesel prices rise after over a month-long pause
• India in no hurry to seek US nod for oil supplies from Iran, Venezuela
Commercial Vehicle
• Ford says Q4 sales fall on lingering Covid-19 hit
• DTC Board okays fund for procurement of 1,000 new buses
• Italy's CNH and China's FAW in talks over truckmaker Iveco
• Rivian is close to raising funds at $25 billion valuation
Auto Finance
• Axis Bank joins hands with Hyundai to offer auto retail financing solutions
 
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