Morning Daily - 2021-01-21

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ETAuto Newsletter | Thursday, January 21, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Industry | Tyres | Oil & Lubes | Commercial Vehicle
Top Stories
• GM India to appeal against rejection of plant closure, Maharashtra Govt's move surprising says Co.
• Piaggio bets big on e-commerce biz; plans to bring electric three-wheelers in the segment
• After drastic fall in loan disbursals in H1, beleaguered auto NBFCs pin hope on sales rebound
• Auto dealers' body urges FM to introduce vehicle depreciation benefits for individuals in Budget
• Post mass market product blues, Mahindra to stay invested only in premium motorcycles
• Maruti Suzuki commences production and export of Jimny from India
• Ola partners Siemens for EV manufacturing facility
• Fiat Chrysler and PSA merge as Stellantis
• Mercedes-Benz launches 2021 edition of SUV GLC at an introductory price of INR 57.40 lakh
• Hyundai Motor India Foundation donates Kona Electric to IIT Delhi students for NVH, battery tech research
• Biden to order agencies to revisit vehicle tailpipe emissions standards
• People at the helm of new Stellantis
• Continental appoints Jean-Franois Tarabbia as new head of Connected Car Networking
• How Volkswagen's $50 Billion Plan to Beat Tesla Short-Circuited WSJ
• Global sales of electric cars accelerate fast in 2020 despite pandemic The Guardian
• Hiring Managers, Here Are 4 Useful Tips To Create More Inclusive Job Descriptions Forbes
• The Challenge Facing Biden's Green Jobs Agenda? Green Jobs Forbes
Passenger Vehicle
• Mercedes unveils electric compact SUV in bid to outdo Tesla
• Volkswagen says China car sales, production hit by chip supply shortage
• 2021 Volvo S60 priced at INR 45.9 lakh; online bookings open
• Tesla faces bumpier ride breaking into India after China success
• South Korea's Kia says reviewing electric car cooperation with multiple firms after Apple report
Policy
• Nitin Gadkari stresses upon making public transport people friendly, safe, pollution-free
Industry
• Govt works to control raw material price volatility
• Weak reform implementation, financial sector woes could lower India's medium-term growth: Fitch
• NBFCs seek continued liquidity support in upcoming Budget
• China's BYD Co plans $3.9 bln share issue for R&D, debt repayment
• Toll revenue to touch Rs 1.34 lakh crore a year by 2025: Nitin Gadkari
• Thai domestic car sales may fall 5.3% this year: federation
• Roy Kurian appointed as COO of Ampere Electric's 2W & 3W business
• Kenya's new car sales drop by 16% in 2020 on coronavirus crisis
• NBFCs, fintech companies urge FM Sitharaman to enhance lending facilities
• Budget session of Parliament: PM Narendra Modi to chair all-party meeting on January 30
Tyres
• JK Tyre jumps 18% as tyre stocks rally, Sachin Bansal invests in the company
Oil & Lubes
• Fuel prices unchanged on Wednesday after hitting record levels nationwide
• India's oil imports at near three-year high in December
 
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