Morning Daily - 2021-02-02

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ETAuto Newsletter | Tuesday, February 2, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Industry | Tyres | Oil & Lubes | Commercial Vehicle
Top Stories
• Auto in Budget 2021: Top 5 hits and misses
• BudgET Auto Wrap!
• Sorry EV manufacturers, FM gives a miss on electric vehicles in Union Budget 2021
• Budget 2021: Decoding FM's booster dose for auto sector
• Voluntary vehicle scrapping policy to cover 1 crore vehicles: Govt
• Live Industry reations on Budget for Auto Sector
• Mercedes, Skoda say custom duty hike on certain parts to lead to increase in vehicle prices
• Announcement of voluntary scrappage policy in Union Budget a step in right direction: M&M
• Fitness testing, certification of old vehicles should take place at earlier intervals: SIAM
• Govt pegs fiscal deficit at 6.8% in FY22
• January factory activity hits 3-month high, job cuts subside
• Semiconductor shortage: Automakers actively engaging with supply partners to mitigate impact
• View: Can India spend its way to a V-shaped recovery?
• Ford, Google join hands to offer cloud-based data services
• Stellantis employees in Illinois among first autoworkers to receive COVID-19 vaccine The Detroit News
• Jobs Of The Future Today: 20 Occupations That Will Change The Job Market And The World By 2025 Forbes
• 3 Tips On How To Gain Momentum In A February Job Search Forbes
Monthly Sales Report Card
• Maruti Suzuki sees sales dip marginally in January 2021
• Honda Cars sales surge over 2-fold to 11,319 units in January
• Mahindra total sales dip 25 pc in January
• MG Motor sales increase 15 pc to 3,602 units in January
• Royal Enfield domestic sales up 5% to 64,372 units in January
• Ashok Leyland's Jan auto sales jump 11% to 13,126 units
• Escorts tractor sales jump 49% to 9,021 units in Jan
Industry Reports
• Union Budget 2021-22 recommends voluntary scrapping of old vehicles
Industry
• The infrastructure push in the Budget augurs well for the auto industry
• Budget boost to auto sector to help create more jobs: Nitin Gadkari
• FY22 disinvestment target at Rs 1.75 lakh cr
• Tamil Nadu: Railways plans to extend line at Wallajabad for loading more cars
• Stung by green concerns, NHAI to revise IMS plan
• Asian factories show mixed performance as coronavirus pandemic's pain lingers
Oil & Lubes
• Oil prices rise as producers commit to output restraint
• Oil prices gain as inventories fall and demand picks up
• No rise in retail petrol/diesel prices despite new cess in Budget
Aftermarket
• German used car trading platform AUTO1 to price IPO at top end
 
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