Morning Daily - 2021-02-05

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ETAuto Newsletter | Friday, February 5, 2021

Daily Newsletter
Passenger Vehicle | Two Wheelers | Policy | Auto Components | Industry | Tyres | Oil & Lubes | Commercial Vehicle
Top Stories
• More chip shortage woes could hit carmakers, suppliers in 2021
• M&M recalls 1,577 units of diesel Thar to check and replace camshaft
• Three-wheeler sales year to date in FY21 just a quarter of FY20, no signs of recovery
• SMIC says unable to keep up with customer demand for certain types of chips: co-CEO
• Minda Industries Q3 PAT up 126% at INR 121 crore
• Sundram Fasteners Q3 profit rises 21% to INR 124 crore
• Petrol, diesel price at fresh high; oil company says only tax cut by government can help
• TVS Motor launches iQube Electric scooter in Delhi; priced at INR 1.08 lakh
• Tata Motors starts bookings for new Safari at INR 30,000; launch on Feb 22
• Bookings for 2021 Toyota Fortuner and Legender exceed 5,000
• RBI likely to hold rates in monetary policy today
• India warns rising oil prices may dampen global economic recovery
• Truck spinoff can shift Daimler into higher gear
• GM investing $75 million to increase truck transmission production The Detroit News
• Why Women's Job Confidence Is Much Lower Than Men's In Pandemic Economy Forbes Advisor
• Will The Fracking Boom Ever Translate Into Jobs And Income For Appalachias Residents? Forbes
Passenger Vehicle
• UK new car sales slump around 40% in lockdown January
• Hit by shortage, Volkswagen demands boost to Europe chip sector
Auto Components
• Indonesia minister says Freeport, Tsingshan finalising $2.8 bln copper smelter deal
• Infineon strives to meet auto industry demand as supply chains creak
• Korean brake pad maker KB Autosys to hire 180 at $38M Georgia plant
Industry
• RBI brings large NBFCs, UCBs under risk based audit system
• Electric vehicle sales surge in EU amid Covid slump
• EU electric and plug-in hybrid car sales jump to over 1 million in 2020
• Arvind Kejriwal launches 'Switch Delhi' campaign to promote electric vehicles
• Volvo Cars posts 8% rise in July-December profit
• Road construction touches record 30 km per day: Gadkari
• Transport Ministry to now look after development of ropeway and alternate mobility solutions
• Will RBI's MPC take the Budget 2021 route?
• California leads US sprint towards electric vehicles
• Govt sticks to $5 trillion economy target; emphasis on infra aimed at achieving goal: DEA Secretary
• Niti Aayog's next list of companies for disinvestment in few weeks: Rajiv Kumar
• Kejriwal launches 'Switch Delhi' campaign; says 6,000 EVs sold after state policy
• ARAI ties up with AIM-Niti Aayog to boost start-up ecosystem in mobility sector
• Indian steel mills hike prices despite customs duty cut
• Parliamentary panel submits report on Factoring Regulation Amendment Bill
Oil & Lubes
• Oil rises after OPEC+ alliance of major producers maintains oil output cuts
Commercial Vehicle
• Assisted Reality as a New Measure to Tackle Downtime
• Daimler to spin off trucks, change name to Mercedes-Benz
Aftermarket
• Maruti Suzuki True Value sells 4 million pre-owned cars in 20 years through 550 outlets
Auto Technology
• Exploring Suitable Machine Learning Options
Automotive
• CNH Industrial still focused on spin-off but open to alternatives
 
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